In today’s rapidly evolving digital finance landscape, the emergence of crypto assets has presented both unprecedented challenges and opportunities for regulators worldwide. The European Union, as the largest government body in the region, has introduced the Markets in Crypto-Assets regulation (MiCAR) to establish proactive frameworks for dealing with these new assets and services. However, the
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Bitcoin is currently experiencing a notable decline, with its price dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite this downward trend, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin and
When it comes to traveling with cryptocurrency, one of the most crucial aspects is safeguarding your digital wallet. It is essential to ensure that your crypto holdings are secure and protected at all times. Utilize time-tested strategies such as using secure wallets and implementing multi-factor authentication to prevent unauthorized access to your funds. When accessing
In a recent incident, renowned crypto exchange Kraken fell victim to the unethical actions of a rogue security research company. The company reportedly discovered a critical bug in Kraken’s funding system, allowing them to exploit the flaw and withdraw nearly $3 million in digital assets from the platform. Kraken’s Chief Security Officer, Nick Percoco, detailed
Recent reports regarding the South Korean Financial Supervisory Service (FSS) have brought to light the regulatory measures being taken with regards to digital assets on local crypto exchanges. The FSS has made it clear that it is not directly involved in the listing or delisting of virtual assets on exchanges, but rather focuses on establishing
Throughout history, currencies have played a vital role in organizing and advancing societies. From bartering systems to standardized coins and paper money, the evolution of currency has defined the human experience. However, recent decades have witnessed a shift in the financial landscape, with many areas of the world facing financial chaos. The transition to fiat
The European Banking Authority (EBA) has recently introduced a set of comprehensive guidelines aimed at addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) within the context of the broader Markets in Crypto-Assets (MiCA) regulation. These recovery plans are crucial for maintaining compliance with regulatory standards in the event that issuers
The recent surge in inflows into US spot Bitcoin Exchange-Traded Funds (ETFs) has caught the attention of market participants and analysts alike. Over the past 17 days, these ETFs have experienced a remarkable streak of net additions, with a particularly notable day seeing inflows of $886.6 million – the second-highest single-day influx since their inception.
The upcoming House Appropriation budget may hinder the US Securities and Exchange Commission (SEC) from moving forward with its contentious Staff Accounting Bulletin 121 (SAB 121). The bill under consideration would disallow the SEC from using allocated funds to enforce the rule. This restriction is significant as appropriations enable agencies to expend funds from the
In a recent announcement on June 3, Binance revealed its plan to restrict the availability of “unregulated stablecoins” in the European Union by June 30. This decision comes in preparation for the implementation of the Markets in Crypto-Assets Regulation (MiCA), indicating that certain stablecoins currently in circulation may not comply with the upcoming regulatory framework.