Tag: cointelegraph

Jul 01
EU agrees on MiCA regulation to crack down on crypto and stablecoins

Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework.  Stefan Berger, European Parliament member and rapporteur for the MiCA regulation — the person appointed to report on proceedings related to the bill — broke the […]

Jun 30
Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high

The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value.  […]

Jun 30
80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022

More than 80,000 Bitcoin (BTC) investors have had their millionaire status revoked due to the crypto market downturn, but lower prices mean the number of whole coiners is growing.  Back on Nov. 12, just days after Bitcoin hit a new all-time high of around $69,000, a total of 108,886 BTC addresses reported a balance greater than $1 […]

Jun 30
Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity

Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium. 693 Total views 33 Total shares On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their […]

Jun 30
New spot Bitcoin ETF launches at Euronext Amsterdam Exchange

The Jacobi Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN in July. 1977 Total views 81 Total shares Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF). Jacobi Asset Management, a London-based digital asset management platform, […]

Jun 30
Ethereum $1K price support in danger as Q2 comes to a close

Ethereum’s native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines heading into Q3. ETH price breakdown underway ETH’s price plunged nearly 5% this June 30 to $1,044 following a […]

Jun 30
Singapore reprimands 3AC for providing false information

MAS said that the company had assets under management in excess of the permitted amount, and provided false information. 154 Total views 3 Total shares The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursday, the MAS […]

Jun 30
Binance taps Tiktok star Khaby Lame to drive Web3 adoption

Khaby Lame will use his signature content style to debunk myths surrounding the Web3 space. 921 Total views 32 Total shares Crypto exchange platform Binance has partnered with Khaby Lame, the most-followed creator on TikTok, to increase the awareness for Web3. The influencer would act as a global brand ambassador for the exchange, helping debunk […]

Jun 30
Nifty news: Sandbox LAND on Polygon, ETH gain a tax loss and more

Popular Ethereum-based metaverse gaming platform The Sandbox has unveiled a bridge that enables users to transfer their virtual nonfungible token (NFT) LAND and native SAND tokens over to layer-2 network Polygon. While The Sandbox will live on Ethereum for the most part, the platform has emphasized that conducting SAND and LAND transactions on Polygon will […]

Jun 30
After 8 years dumping billions of XRP, Jed McCaleb’s stack runs out in weeks

Former Ripple Labs founder Jed McCaleb is nearing the end of his eight-year XRP dump marathon, with only 81.53 million XRP (worth $26.55 million), remaining in his wallet’s balance. According to Jed Balance, a website tracking his XRP holdings, McCaleb’s wallet name “tacostand” has been shedding an average of 4.06 million XRP over the last […]