POKKET: Crypto Market Update (July 16)

crypto news, bitcoin price

Bitcoin dips below $32k, now at $31.7k -3.6%. ETH is -4% to $1920. Movers are FIS +13%, OGN +10%, ALPHA -12%, AUDIO SNX -10%.

PayPal has upped the limits on Bitcoin purchases to $100k per week.

Jack Dorsey announces a Bitcoin-focused business division at Square, aimed at making development on the Bitcoin network easier to push better user experiences.

Italy has made moves to start banning fiat ramps to Binance.

The UK’s FCA plans to spend $15M on a campaign to warn young citizens over the risks of crypto.

The US establishes a ransomware task force, with bounties as high as $10M.

Lastly, a GOP Congressman reintroduces a pro-crypto bill with supporters and co-sponsors from the opposite aisle.

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