New EU Money Laundering Law Will Not Ban Crypto Payments
As far as the EU is concerned, it is gradually advancing in its crackdowns on the crypto industry through functional regulation.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
As far as the EU is concerned, it is gradually advancing in its crackdowns on the crypto industry through functional regulation.
Over the last week, the attacker of Euler Finance has released a total of $138 million which is 70% of the total amount stolen from the Euler Finance protocol.
Binance reportedly assisted United States law enforcement in freezing and seizing over $125 million in 2022 and more than $160 million YTD.
The regulatory crackdown was highly anticipated based on the recent White House report to Congress, which called crypto volatile for investment.
According to reports, the Polygon zkEVM Mainnet Beta offers lower gas fees and could see wider adoption of Ethereum scaling technology.
Binance’s regional presence is also defined by its active role in the development of the blockchain ecosystem in other countries like Kazakhstan and Ukraine.
The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M.
Coinbase asked developers to work on an inflation-tracking stablecoin that can serve as a hedge to the poor monetary policy decisions of the central bank.
Gucci has alwasy capitalized on new changes within the industry and disruptions within society.
Amid rising global inflation and fear of a worldwide banking crisis, the demand for risky assets, including Bitcoin, has significantly spiked in the recent past.
Blockchain-oriented VC firm Contango plans to use the seed round proceeds to facilitate increased Web3 adoption globally.
Thursday’s price pump in crypto comes following a rally in US equities as markets choose to look beyond the Fed rate hikes.
Ethereum price gained approximately 4 percent in the past 24 hours to trade around $1,815 during the early Asian market on Friday.
Asides from integrating a USDC payment rail, Xapo Bank recently partnered with Faster Payment System (FPS) to extend its global reach.
Gary Gensler noted that the case indicates the high risks investors face when there is no proper disclosure before the offering of crypto asset securities.