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.