EU crypto Archives

EU crypto firms protest ‘alarming’ anti-money laundering laws

The crypto sector has written to European Union finance ministers and lawmakers to urge a rethinking of anti-money laundering rules the industry regards as “alarming.” The letter says current proposals to identify crypto users (known as the travel rule) endanger privacy and innovation in the EU. It will lead to the public disclosure of all transactions and digital asset wallet addresses, putting every digital asset owner at risk.

Crypto prices today: Bitcoin, ETH up 1.9%

Bitcoin is currently trading at $41,518.7, a 1.94% increase over the previous day. Ethereum is up 1.94% over the last 24 hours to $3,107.2. Solana rose 6.24% to $108.36, while Cardano is trading higher by 2.16% at $0.95. Terra (LUNA) has surged 6.81% to $95.2. The global crypto market cap stands at $1.93 trillion, a 2% increase over the previous day.

Indian Web3 startups flock to Dubai amid regulatory uncertainty, stiff taxes

Amidst regulatory uncertainties and the introduction of the crypto tax regime by the Indian government, many crypto and Web3 startups have moved base to Dubai. The emirate is gearing up to become the crypto capital of the world. Dubai has been fostering the expansion of the crypto sector by building a regulatory framework to attract crypto firms and expertise as regional economic competition heats up.

NBA announces ‘dynamic’ Ethereum NFTs for Playoffs

The National Basketball Association (NBA) will begin minting its upcoming Ethereum NFT collection of 18,000 assets called The Association today. Each Association NFT represents a real NBA player in this year’s playoffs. There will be 75 NFTs of each player from the 16 different NBA teams participating.

EU Parliament approves crypto legislative package

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has passed the Markets in Crypto Assets Regulation (MiCA) legislative package. It aims to coordinate the EU’s regulatory approach to the crypto industry. The legislation will ensure that the EU financial services regulatory framework is innovation-friendly and does not pose obstacles to the application of new technologies.

Crypto prices today: Bitcoin falls 1.5%, ETH down 2.6%

Bitcoin is currently trading at $38,405.5, a 1.49% decline over the previous day. Ethereum is down 2.6% over the last 24 hours to $2,523.2. Solana fell 2.37% to $79.2, while Cardano is trading lower by 2.47% at $0.78. Avalanche (AVAX) plunged 5% to $66.22. The global crypto market cap stands at $1.89 trillion, a 1.89% decline over the previous day.

Former Walt Disney CEO Bob Iger backs Metaverse startup

Bob Iger, the former CEO of the Walt Disney Company, is joining the board of directors of Genies, a digital avatar platform built on the Flow blockchain. Genies has signed partnerships with Universal Music Group and Warner Music Group. They are the official provider of avatars and NFTs for artists at the music labels. [The Flow blockchain is a protocol for NFT collectibles and large-scale crypto games.]

FTX, Everstake launch crypto fundraising site for Ukraine

The Ukrainian Ministry of Digital Transformation, in partnership with FTX and Everstake, has launched an official crypto fundraising site called Aid for Ukraine. It will help expedite donations to the war-torn nation. Currently, donations to Aid for Ukraine can be made in BTC, ETH, USDT, DOT, SOL, etc.

FTX is a Bahamian crypto exchange. Everstake is a staking service platform that helps institutional investors and token holders to profit off their digital assets.

ED probing 7 crypto cases, seized assets of 135 crore: Govt

The Enforcement Directorate (ED) is probing seven crypto-related money laundering cases, the govt informed the Parliament on Monday. So far, ED has attached digital assets worth more than Rs 135 crore. Multiple cases have emerged where black money generated in India has been laundered out of the country after converting them into crypto.