Europe

Silicon Valley venture giant Andreessen Horowitz plants flag in London: fuels UK’s ascent as a Web3 innovator.

The UK’s crypto hub dream is coming to life while some attendees of Apefest 2023 in Hong Kong complaint on severe eye pain post-event.

The proposed guidelines will work as a liquidity stress test for stablecoin issuers, according to the EBA.

HSBC’s new service is expected to launch in 2024.

The partnership aims to reduce the high costs and lengthy transfer times associated with traditional remittance payments.

The registration enables PayPal to advertise its crypto services to U.K. customers.

The MAS said that its previous tokenization pilots demonstrated great potential benefits of the technology.

The U.K. intends to introduce rules on fiat-backed stablecoins in early 2024, according to the government’s latest cryptocurrency policy update published on Monday.  See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast Facts See related article: Blockchain tech in Thailand gets boost from new pro-crypto lead

Global regulatory pressure on the world’s largest exchange continues to take its toll.

Binance announced it has secured new fiat partners for euro services after its former partner cut ties with the exchange last month.

Coinbase said that the regulatory clarity MiCA provides to the industry is “hugely welcome.”

The central bank said that the preparation phase is not a decision on the issuance of a digital euro.

The U.K. is also listed as the 14th economy on Chainalysis’ Global Crypto Adoption Index.

The new data sharing rules will go into effect 20 days after their publication in the Official Journal.

The exchange added that it will also stop releasing new products and services in the country.

Tether says it froze US$873,000 in USDT linked to terror activities in Israel and Ukraine. CEO Ardoino stresses crypto’s traceability.

The research firm said that on-chain data point toward Russian hackers, instead of the previously-suspected North Korean Lazarus Group.

The regulator said that DeFi doesn’t pose a risk to financial stability, due to its small size, but said it needs to be monitored in the future.

The committee said fraudulent non-fungible token advertising could harm both NFT artists and investors.

The European Securities and Markets Authority (ESMA) is seeking feedback on the second consultation paper on the Markets in Crypto-Assets (MiCA) bill, published on Thursday.  See related article: Binance ICO raised less than US$5 mln: Forbes Fast Facts See related article: What Europe’s new spot Bitcoin ETF means for global markets

European Union central banks will publish plans for a wholesale central bank digital currency (CBDC) in the coming weeks, François Villeroy de Galhau, the governor of France’s central bank, said at a Tuesday event in Paris. See related article: US legislators to discuss CBDC prevention bill on Sept. 20 Fast Facts See related article: Nepal […]

In the second in a series of 1-on-1 interviews from the Token 2049 crypto conference in Singapore held Sept. 13-14, Michael Gronager, founder of blockchain analytics firm Chainalysis, spoke to Forkast about crypto use in the Ukraine conflict, tracking illicit on-chain activity and digital asset adoption in Asia.

Toncoin led losses among top 10 cryptos. Bitcoin dropped while Ether rose marginally.

Chase, the U.K.-based digital bank, told customers Tuesday in an email that it will ban U.K. clients from making crypto-related payments.

Bitcoin fell below US$26,500 while Ether dipped below US$1,600 in the past 24 hours.

Matic was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos and with Ether falling below US$1,600. Despite Bitcoin’s sluggish price action, industry experts say that institutions continue adopting the world’s first cryptocurrency.  See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 MATIC […]

Solana led gainers in the top 10 cryptocurrencies by market capitalization, recovering from a two-month low. Bitcoin and Ether rose during afternoon trading in Asia along with most cryptos. Market experts said that the continued entrance of large institutions could provide the crypto industry more legitimacy and price stability. See related article: Weekly Market Wrap: […]

Europe’s first spot Bitcoin ETF ushers in an era where traditional finance and crypto are converging, setting the stage for digital assets to become mainstays in the economy.

Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.

Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 13% after the project announced its partnership with Telegram. Bitcoin and Ether were little changed during afternoon trading in Asia, but market analysts are looking at September as a period for strategic Bitcoin accumulation. See related article: Weekly Market Wrap: ETF developments […]

Bitcoin rose in afternoon trading in Asia, leading the gainers in the top 10 cryptocurrencies, fueling a wider market recovery as it returned to the US$26,000 support level. Despite the uptick, market experts warn of another potential drop to US$25,000. See related article: Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift […]

Solana led gainers in the top 10 cryptos, after the protocol announced a new partnership with payments giant Visa.

Bitcoin, Ether and most other top 10 cryptos dropped on Thursday after a Wednesday rally on news of Grayscale receiving a favorable ruling against the SEC.

Bitcoin, Ether rose less than 1% in the past 24 hours while posting losses on the week. Polkadot led gains among top 10 cryptos.

Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.

Binance, the world’s largest crypto exchange, has removed sanctioned Russian banks from its P2P trading service, the Wall Street Journal reported on Friday. 

This final installment of a 3-part series on the U.K. digital asset industry looks at the politics driving the British crypto conversation. PM Rishi Sunak is a believer, but an election’s coming up, and his rivals appear less keen on turning the U.K. into a global crypto hub.

Binance continues to help a significant amount of Russian funds move abroad through crypto transactions, according to The Journal.

How can we claim to own something that falls outside traditional categories of personal property? In this second installment in a 3-part series looking at the U.K. digital asset industry, Law Commissioner for England and Wales Sarah Green explains how.

This first installment in a 3-part series on the U.K. digital asset industry looks at recent efforts to regulate crypto and expand the sector.

Global institutional intrigue in digital currencies grows but the cryptocurrency market shows no signs of rallying.

PayPal will pause cryptocurrency sales in the United Kingdom for a minimum of three months starting October 1.

Bitcoin extends the day’s losses but keeps above US$29,000, while Binance’s BNB drops amid exchange’s payment service closure.

Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.

Litecoin lost the most in the past 24 hours, followed by XRP, while Tron led gains.

Bitcoin fell in Tuesday afternoon trading in Asia, dipping below the support level of US$29,000.

Bitcoin and Ether slipped during Monday afternoon trading in Hong Kong along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, except the BNB token, with crypto markets poised for an uneventful month ahead, industry experts told Forkast.

Bitcoin and Ether rose during Wednesday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization.

Welcome to Forkast IQ, presented by Angie Lau, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:

Europe’s first spot Bitcoin exchange-traded fund (ETF) is expected to be publicly listed this month, following a 12-month delay from the initially planned date

Bitcoin prices fell below US$30,500 in the past 24 hours while its trading volume has gained over 20%. Ether also fell. Cardano and BNB were the day’s biggest losers.

Bitcoin trade volumes dropped in the last 24 hours but the token is holding steady above US$30,500. Binance’s BNB token posted the biggest gain while most other top 10 cryptocurrencies traded mixed.

Bitcoin breached US$31,000 level in the past 24 hours after falling back to hold above US$30,000. Ether and all other top 10 cryptos gained.

Bank of England governor Andrew Bailey said Bitcoin and other cryptocurrencies don’t meet standards to be recognized as money.

All top 10 cryptocurrencies, including Bitcoin and Ether, drop over the last 24 hours while investors brace for more interest rate hikes in the U.S.

A U.K. bill to recognize cryptocurrency trading as a regulated financial activity passed into law on Thursday.

Binance’s euro banking partner, Paysafe Payment Solutions, will stop offering its services for the world’s largest cryptocurrency exchange from Sept. 25.

The European Commission released two proposals on Wednesday, one for the digital euro, the ECB’s CBDC, and a legislative proposal to safeguard the role of cash.

Binance France is reportedly under investigation for “aggravated” money laundering and the illegal provision of digital asset services.

Bitcoin, Ether and most top 10 non-stablecoin cryptos rose in Friday afternoon trading in Asia after weeklong slump.

Bitcoin and Ether extended losses in Thursday afternoon trade in Asia amid U.S. regulator’s clampdown on top crypto exchanges.

The Official Journal of the European Union published on Friday the European Union’s landmark Markets in Crypto Assets law (MiCA), stating that the regulation would enter into force in 20 days from the date of publication.

Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.

Bitcoin dropped 2.33% to US$26,671. Ether lost 2.15% but traded above US$1,800.

Seychelles-headquartered cryptocurrency exchange Bitget announced on Tuesday that it successfully registered as a virtual asset service provider in Poland.

Bitcoin traded below the US$27,000 mark for most of the week, as investor sentiment was weighed down by the prospect of the U.S. government’s potential default. Investors will be closely monitoring the ongoing debt ceiling negotiations.

Bitcoin prices dropped below US$27,000 on Wednesday afternoon in Asia, while XRP gained the most after positive news for Ripple Labs on its lawsuit against U.S. Securities and Exchange Commission.

Bitcoin fell 0.58% while Ether dropped 0.36%. Solana was the biggest loser of the day, dropping 1.67%.

European Union finance ministers unanimously approved MiCA, a set of cryptocurrency rules aiming to reshape the digital asset industry across the EU bloc.

Bitcoin rose 2.07% to US$27,409 in 24 hours while Ether gained 1.27% to US$1,829. Litecoin was the biggest gainer of the day, rising 7.65%.

Welcome to Forkast IQ, presented by Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:

Bitcoin lost 0.43% while Ether dipped 0.60% in 24 hours. Polygon’s Matic token was the biggest loser and dropped 2.16%.