U.S. authorities have seized 127,271 Bitcoin, valued at $14 billion, from a transnational scam, highlighting increased regulatory actions in the cryptocurrency space. This development comes as Japan proposes a ban on cryptocurrency insider trading, further tightening the regulatory environment.
Amid these pressures, privacy coins Monero (XMR) and Zcash (ZEC) are experiencing positive performance. ZEC futures open interest increased by 7% to $292.31 million, while XMR futures open interest decreased by 3% to $35.49 million. XMR is trading above $320, with resistance at $345, while ZEC is fluctuating between $226 and $273, with potential to surpass $300 if bullish trends persist.
$140 Billion in Bitcoin Seized; Monero and Zcash Gain Amid Regulatory Pressure
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