EU decides on ground-breaking regulation for crypto assets July 1, 2022 The European Union agreed on landmark regulation for cryptocurrencies in what could be the world’s first regulatory framework for crypto. EU lawmakers, member states, and the European Commission reached a historic deal on crypto rules Thursday that will apply to crypto-assets, crypto-assets issuers and crypto-asset service providers. The pioneering law, known as Markets in Crypto-Assets, [...]
FATF tells countries to quickly implement its Travel Rule to detect suspicious crypto activity June 30, 2022 The Financial Action Task Force told countries to speed up with implementing its Travel Rule for crypto, a key requirement to comply with sanctions obligations and to detect suspicious transactions. The global watchdog found that most jurisdictions have not applied its anti-money laundering and counter-terrorist financing standards to virtual assets and virtual asset service providers. [...]
Bitcoin falls below $20,000 as it moves towards biggest quarterly drop since 2011 June 30, 2022 Bitcoin plunged below $20,000 today as it hurtles towards its biggest quarterly drop in more than a decade. The world’s biggest cryptocurrency plummeted 4.35% to about $19,160 and is down 58% in the second quarter of 2022. It tumbled around 68% in the third quarter of 2011 during its very early stages when its price [...]
Crypto sector must be less combative with regulators June 30, 2022 Nigel Green doesn't always agree with regulators, but he says the approach of crypto companies should be collaborative, not combative.
New faces join City’s Aaro Capital June 30, 2022 Crypto asset investment specialist Aaro Capital has appointed three senior executives to its London office.
Coinbase ramps up European expansion after laying off employees June 30, 2022 Coinbase is seeking licenses in European countries and stepping up its presence in the continent after cutting almost a fifth of its staff. The US-based crypto exchange is looking to set up operations in countries like France, Italy, and Switzerland. It already has active operations in the UK, Ireland, and Germany. The move comes just [...]
TikTok sensation Khaby Lame becomes Binance brand ambassador June 30, 2022 Crypto platform Binance has partnered with TikTok creator Khaby Lame to join as a global brand ambassador.
Bitcoin price to start recovery after final ‘washout’ of crypto winter, says Fundstrat June 30, 2022 Bitcoin could face one more crash before its price recovers. A final ‘washout’ could send the price of the biggest cryptocurrency plummeting to $13,000 before it starts to go up, analysis by financial research firm Fundstrat found. Bitcoin is currently trading around $20,000. “Most short-term technicals point to an above-average chance of a final ‘washout’-style [...]
Jacobi Asset Management to launch Europe’s first Bitcoin ETF on Euronext Amsterdam June 30, 2022 Jacobi Asset Management will launch the Jacobi Bitcoin ETF - listed on Euronext Amsterdam - from next month.
Crypto hedge fund Three Arrows Capital falls into liquidation June 29, 2022 Cryptocurrency hedge fund Three Arrows Capital has succumbed to liquidation, becoming one of the early victims of the current downturn in the crypto markets.