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.
Robinhood Markets to acquire crypto app Ziglu
US-based financial services firm Robinhood Markets Inc. has signed a deal to acquire Ziglu Limited, a UK-based electronic money institution and crypto-asset firm. Ziglu will be integrated into Robinhood. The acquisition will help boost Robinhood’s expansion plans in the UK and Europe.
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.