TRM Labs Reveals MiCA Purged 80% of European Crypto Firms
Key Takeaways MiCA consolidated the EU crypto market, with only about 20% of existing firms receiving authorization. The rules successfully isolated high-risk companies, reducing European exposure to sanctioned entities. The EU plans a full revision of the MiCA framework to…
The Ideal Moment to Buy Ethereum (ETH) Is Now: Here’s Why
“Everybody is waiting for that ultimate confirmation, but that never comes,” Michael van de Poppe stated. It was the start of June when the second-largest cryptocurrency last traded above the $2,000 psychological level and is currently down 60% on…
Morph launches non-custodial stablecoin payments platform
Morph has launched a non-custodial payments platform that supports USDC and USDT, lets businesses connect their own wallets, and settles customer payments directly on-chain. Summary USDC and USDT payments settle directly into wallets controlled by users. Morph Payments includes invoices,…
BitMEX the End of an Era
The following guest post is written by Peter Wilkinson, CEO of the crypto exchange BitMEX. My name is Peter Wilkinson, current CEO of BitMEX. I joined BitMEX out of the traditional finance sector where I’d been an in-house lawyer at…
XRP Structure Remains Weak as $1 Support Comes Under Pressure Again
XRP remains firmly in a corrective structure, with the token trading near $1.00 after months of lower highs and lower lows. While the current support zone could trigger a relief move, the broader trend remains bearish until the asset can…
MUFG to test Japanese government bond repos on Canton Network
Four companies within Mitsubishi UFJ Financial Group have launched a proof of concept to test Japanese government bond repo transactions on the Canton Network, with the project targeting automated processing and 24-hour on-chain settlement. Summary Four MUFG companies will test…
South Korea’s Crypto Crackdown Lands Delio CEO 15 Years – Bitcoin News
Key Takeaways Seoul Southern District Court sentenced Delio CEO Jeong Sang-ho to 15 years on Aug. 13. Delio’s case involves about 70 billion won, or $49.2 million, in customer crypto assets. Delio creditors will watch liquidation and any appeal after…
Bullish Breakout or Sharp Drop?
Can BTC explode by over 300%, or is a huge crash incoming? The past week or so has been rather untypically calm for the largest cryptocurrency, with only minor volatility. However, an important indicator suggests that major turbulence could…
MUFG tests blockchain settlement for JGB repo trades
Mitsubishi UFJ Financial Group said on Aug. 13 that four MUFG companies will work with Digital Asset and Progmat on a proof-of-concept for Japanese government bond repo settlement using Canton Network. Summary MUFG will test onchain JGB repo settlement using…
Monaco Submits Draft Bill to Align Crypto Rules With MiCA
Key Takeaways Monaco submitted Bill No. 1131 on Aug. 6 to replace Law No. 1.528 and reform crypto rules. The CCAF will enforce MiCA and FATF standards following Monaco’s 2024 grey-listing. National Council approval of Bill No. 1131 will trigger…
