The landscape of cryptocurrency could be changing as it finds itself embroiled in pressure from U.S. authorities. The spectacular collapse of FTX was followed by multiple crypto-orientated banks closing while Binance Holdings now faces heat from American regulators. But away from America, there is a different atmosphere in France, where cryptos like Bitcoin (BTC) and Ethereum (ETH) are embraced rather than confronted with regulations. As we look at how economic conditions for cryptocurrency could change through investment in the French market, we'll also analyze a new crypto initiative called Signuptoken.com that could potentially make a millionaire out of someone for simply signing up to an email newsletter.

U.S. Authorities Are Clamping Down On Cryptocurrency

Cryptocurrency has suffered from visible market volatility and shifting economic conditions following the collapse of the FTX last year. This prompted an immediate downturn in the prospects of the cryptocurrency market as investors began losing confidence. Major crypto-related banks began suffering, a prominent example being Silvergate Capital. A crypto-friendly bank, it bled extensively following the FTX crash as there was a bank run with over 60% of deposits withdrawn in one quarter as customers withdrew around $8.1bn.

Almost imminently, Silvergate announced it would be winding down its operations and other crypto-focused banks such as Signature also began feeling the strains and eventually crashed, prompting a bout of severe market volatility. Major cryptos such as Bitcoin and Ethereum have felt the pinch of the economic squeeze, struggling to maintain bullish runs. Bitcoin is currently trading at around $28,409 while Ethereum is selling for $1,810 per coin.

The downturn in market trends in cryptocurrency is not new. But what feels different this time is the mounting seriousness of U.S. authorities in cracking down on cryptocurrency. The United States Commodity Futures Trading Commission (CFTC) sued Binance for violating trading and derivative laws. The lawsuit was filed on the 27th of March and accused the worldwide crypto exchange of offering its derivative trading services to customers in the USA without applying for a derivative licence.

The lawsuit alleges Binance of having elevated commercial success over complying with regulations and said Binance had discarded U.S. federal laws whilst strengthening its customer base in America.

The move, which took many by surprise, represents a growing suspicion among U.S. authorities that cryptocurrency's unregulated nature cannot be sustained and must be brought into line.

Bitcoin & Ethereum: Is France the New Haven?

Market trends are such that if a lucrative industry struggles in one such market it may find opportunities elsewhere. Keen to secure the lucrative investments of cryptocurrency, France has demonstrated a considerably more embracing nature of the digital finance economy in comparison to its American counterparts.

An example of this has been the fast food chain Burger King revealing that it was accepting cryptocurrency as payments for transactions in Paris. It's done this by partnering with Instpower which will deploy power bank rental machines across store locations in the French capital. It underlines the stark contrast between France and the U.S. in the confidence in cryptocurrency. This could mean a boon for cryptocurrency which has much to offer people who prefer its decentralised nature compared to the regulations of centralised banks and financial institutions. Furthermore, the blockchain technology of a cryptocurrency like Ethereum has been revolutionary for application developers and underlines what cryptocurrency has to offer in comparison to traditional financial markets.

It could also be argued that the embrace of France as a sizable market for investment could help a coin like Bitcoin maintain its trading levels and eventually continue climbing in its market capitalisation. The value of major cryptos is often tied to external events such as the FTX crash and the closure of major crypto banks. This could prompt a positive reversal in fortunes and spark life into the cryptocurrency market that has been scarred by the recent implosion of major crypto banks.

Signuptoken.com Offers An Easy Way To Become A Millionaire

The traditional approach for a crypto coin to launch itself has been through presales or an ICO. Although this works fine, other formats can be explored. Signuptoken.com is an intriguingly shrewd example of that.

Not needing a presale or any kind of prepayment, instead, it pushes for one million email sign-ups before it enters the crypto exchanges. There are some noteworthy benefits to this, including the advantage of being the first to know when the new token will enter the crypto market, giving anyone who registers their email a healthy headstart on engaging with the new crypto over other investors.

If you're interested in what it's offering, have a look below:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken