The European Union’s financial markets regulator, the European Securities and Markets Authority (ESMA), has released an investor protection statement warning investment firms to ensure clients are aware of the regulatory status of the products they offer, including cryptocurrency. ESMA is concerned about investment firms that offer unregulated products and services in the EU. Regulatory Status
Floki Inu, an old generation meme coin, has been overshadowed by the recent meme coin narrative. Despite a recent partnership with DWF Labs, the cryptocurrency only experienced a brief 5% price increase. This lackluster performance has raised concerns about Floki Inu’s long-term viability as it suffered a 3.8% drop over the past week. As a
Cabin, a digital-native coliving city project, has announced the launch of the first-ever network city, which aims to revolutionize its initiative by integrating crypto governance. The globally-distributed property is designed for remote workers and creators who love nature and seeks to provide an affordable and accessible alternative to traditional neighborhoods. The network city is a
Crypto trading can be a daunting task, especially for beginners, considering the complexity of the crypto market. To make it easier for users, Launchpad XYZ has come up with an all-in-one platform that aims to streamline the fragmented web3 space and simplify the journey into the digital future. The platform curates the best projects in
Gemini co-founders Cameron and Tyler Winklevoss are reportedly contemplating opening a second headquarters in the United Kingdom. The move comes as the company looks to expand its business footprint outside of the United States due to increased regulatory scrutiny. The founders recently met with officials from the Financial Conduct Authority (FCA) and Bank of England
Alexander Vinnik, co-founder of BTC-e, is a Russian citizen who is currently being held in the United States on charges of money laundering. The U.S. Department of Justice alleges that Vinnik’s exchange aided ransomware attacks, identity theft schemes, and drug trafficking. BTC-e, which was founded in 2011, was seized and halted by U.S. authorities in
Binance, the world’s largest cryptocurrency exchange, has reportedly mixed its customer funds with company revenues in the United States. According to a Reuters report, this practice has occurred regularly in bank accounts held by the exchange at the now-defunct crypto-friendly bank Silvergate. The report cited an individual who was privy to Binance’s group finances. Violation
The rise of digital assets like Bitcoin, Ethereum, and Dogecoin has taken the financial industry by storm. Futures contracts allow traders to speculate on the future price of a particular cryptocurrency, with the potential for profits if they correctly predict market movements. However, caution must be exercised when trading in futures and cryptocurrency due to
OPNX’s bankruptcy tokenization product is set to launch for Celsius users in a week. This offering will enable users with funds locked on defunct crypto platforms to unlock their value. This development comes after the exchange went live on April 4, providing spot and derivative trading, but with no rollout date for its main bankruptcy
Fabio Panetta, a board member of the European Central Bank (ECB), has stated that the digital euro is crucial as people increasingly use digital currencies, and there is a possibility that cash will eventually become obsolete. Panetta, who is leading the ECB’s central bank digital currency (CBDC) project, stated in an interview with Les Echos