The European Union’s planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU’s political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework and the Digital Operational Resilience Act (DORA). Following the deal, which must then be ratified, the European Council and Parliament may now begin…
Former presidential candidate Hillary Clinton has warned that the United States must act to regulate cryptocurrency in the face of states and non-state actors ‘manipulating’ it and other technologies to destabilize the dollar. Speaking with MSNBC TV host Rachel Maddow, Clinton made her comments amid a wider conversation about states such as China and Russia “manipulating technology” including social media,…
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept Most Chinese Mining Rigs The…
Morgan Stanley, one of the largest investment banks in the U.S., has increased its Bitcoin exposure to over $300 million by purchasing additional shares of the Grayscale Bitcoin Trust (GBTC) for three of its funds during the third quarter. In an SEC filing this week, the Morgan Stanley Institutional Fund’s Growth Portfolio reported holding 3,642,118 shares of GBTC at the…
A major financial regulator in Spain has put out a warning regarding soccer star Andrés Iniesta for promoting major cryptocurrency exchange Binance. Iniesta, a prolific midfielder who has played for Barcelona and the Spanish national team, was promoting Binance on his social media profiles on Instagram and Twitter. On Wednesday, Iniesta posted several pictures of him next to a laptop…
Crypto wallet firm BRD has been acquired by Coinbase, the United State’s largest cryptocurrency exchange, for an undisclosed sum. According to a blog post by BRD co-founders Adam Traidman and Aaron Voisine, “members of our team will be continuing our mission at Coinbase, where we will work together to bring the power of decentralization to even more users around the…
Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency trading services to a selection of their customers and plans to expand this test in the coming weeks. Mercadopago, the payments service native to the platform, will allow these customers to purchase, hold and sell cryptocurrencies directly from the platform. The pilot run will start in…
Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart. This, trader and analyst Rekt Capital believes, shows support…
Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada’s Deputy Governor Paul Beaudry. Beaudry spoke about the risks to the stability of the Canadian financial system at the Ontario Securities Commission Dialogue 2021 on Nov. 23. When asked whether cryptocurrencies are a risk, the…
Hot on the heels of the rising cryptocurrency hype, Finnish regulators have dropped a formal notice. On Nov. 24th, the Financial Supervisory Authority (FIN-FSA) stated: “Only registered virtual currency providers can market virtual currencies and related services in Finland. The marketing of virtual currencies in Finnish and in Finland is only allowed for entities registered as virtual currency providers in…
