Ethereum News Daily TheBitTimes.com

Crypto firms registered in Spain need to adopt the MiCA Act by December 2025. MiCA would introduce more stringent consumer protection measures for crypto firms. Spain shortened the duration to create a predictable and stable regulatory and supervisory framework. Crypto firms registered in Spain would be required to apply the EU crypto law, Markets in Crypto Assets (MiCA) Act, by December 2025, according to reports. That would mean that the country would bring forward the law’s implementation by six months and would likely affect already registered crypto companies like Binance, Kraken, and Coinbase. Per multiple reports, the rule would introduce more stringent consumer protection measures for crypto firms. The original proposal requires new companies to implement the new law from the end of 2024 while existing crypto firms would have an additional 18-month period before they are mandated to adopt MiCA. Spain has reduced the extension period for existing c

What MemeCoin (MEME)? Memeland is a collection of 9,999 utility-enabled PFPs (picture-for-profile) NFTs that was founded by the viral meme-sharing and news website 9GAG. This NFT ecosystem aims to unify the power of NFT with the culture of memes.  As per the agenda on Memecoin’s website, it says:  We are building and investing in social products for the community, with the community. We are connecting creators and communities together through creativity, $MEME, and NFTs. The native ecosystem token of Memeland is called Memecoin (MEME). The Memecoin has a maximum supply of 69,000,000,000, with 8,797,500,000 MEME circulating at launch.  According to the Memecoin creators, the MEME cryptocurrency has no intrinsic value and no functionalities. Moreover, it holds no promise or expectation of any kind of financial return— profit, interest, or dividend. Despite this, the cryptocurrency community has shown a great deal of interest in and investment in the token.

Animoca Brands CEO Robby Yung says investors have been more discerning when allocating capital to Web3 gaming projects during crypto winter. Investing in Web3 gaming has required a greater level of due diligence through a testing crypto currency bear market, according to Animoca Brands CEO Robby Yung. Yung, who is also co-founder of popular Metaverse platform The Sandbox, highlighted more robust check-boxes when considering Web3 gaming investments while speaking at the European Blockchain Convention in Barcelona. Related: Animoca still bullish on blockchain games, awaits license for metaverse fund The Animoca Brands CEO said that investment propositions involve finding a mix of passionate teams with specific skill sets who are building product ideas that have a clear market fit: “Now that we're in a sort of crypto winter and an economic downturn, from the investor perspective, we can afford to be quite choosy because obviously, capital is scarce.” Yung added that the stage of d

US crypto exchange Kraken is set to share 42,000 users’ data with the Internal Revenue Service ( IRS ) in compliance with a court order. Indeed, the information is set to be shared with the agency in early November after receiving a court summons. Specifically, Kraken notes that the summons calls for the production of “a wide range of records and data” on US users. Additionally, they noted that the order arrived from the US District Court for the Northern District of California in 2021. Subsequently, Kraken objected to the summons initially. Thereafter, they followed through on legal action, in which the number of users affected was reduced. Also Read: Kraken Co-Founder Criticizes Reddit’s Removal of Reward System Kraken to Comply With Court Order Requiring the Sharing of User Data With the IRS The United States has continued its rather tumultuous relationship with the digital asset sector. Indeed, the country has been entrenched in a battle over regulatory standing and l

The UK government has rolled out proposals on how to regulate fiat-backed stablecoins. Crypto companies that want to offer services with overseas stablecoins like Tether (USDT) in the UK must get permission from the Financial Conduct Authority (FCA). According to the update on plans for regulating fiat-backed stablecoins, fiat-backed stablecoins issued in or from the UK by authorized persons will be permitted for use in the country. The government also said it “wishes to accommodate” overseas fiat-backed stablecoins for goods and services but insisted that brokers or payment providers willing to work with these stablecoins will still have to be authorized by the FCA. You might also like: UK politician calls on FCA to be less aggressive on crypto ads Under the proposed update on the legislation, the FCA will also be able to rule the issuance and custody of fiat-backed stablecoins issued in or from the UK. Those stablecoins not backed by fiat “will still be allowed to be

Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said. Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong Kong in response to growing demand for crypto from institutions, Zodia CEO Julian Sawyer said, according to a CNBC report on Oct. 29. According to Sawyer, the crypto demand in Hong Kong is mainly driven by institutional investors rather than retail customers, ideally matching Zodia’s crypto custody offering. He also mentioned that Hong Kong’s stance on crypto aligns with Zodia’s ambitions as the local government “sees digital assets as the future and also wants Hong Kong to be a hub.” Zodia’s launch in Hong Kong comes as the firm aggressively scales operations in Asia, opening services in Japan, Singapore and Austr

Both the United Nations (UN) Declaration of Human Rights and the International Covenant on Civil and Political Rights recognize ‘privacy’ as a fundamental human right. In the cryptocurrency market, some projects are focused on providing the best privacy experience for its holders and users. Interestingly, privacy is often considered a tabu when talking about money, despite being a well-accepted fundamental human right for other topics. The growing development of high-surveillance financial tools often creates controversy and conflict of interest against privacy cryptocurrencies. Nevertheless, as a fundamental human right, investors can turn to privacy-focused coins in order to hedge against the increased surveillance state, often used by authoritarian regimes that explicitly violate recognized human rights. With that in mind, Finbold asked ChatGPT to pick three privacy cryptocurrencies: Cryptocurrency We asked ChatGPT 4 if spot Bitcoin ETFs are already priced in

When delving into the realm of content creation, three fundamental elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as a yardstick for the intricacy of textual content. Meanwhile, burstiness analyzes the ebb and flow of sentence structures, ranging from lengthy and intricate sentences to shorter, succinct ones. Lastly, predictability gauges the ease with which one can anticipate the subsequent sentence. Typically, human authors tend to craft content with a rich tapestry of burstiness, incorporating both complexity and simplicity. In contrast, AI-generated text often leans toward uniformity. Therefore, for the forthcoming content you’re tasked with creating, it’s imperative to infuse it with a healthy dose of perplexity and burstiness while keeping predictability at a minimum. Moreover, the medium for this task should be exclusively in English. With this in mind, let’s reimagine the text: Asset management firm Hashdex recently convened wit

Bitcoin (BTC) could rally to a high of $125k in late 2024 amid institutional adoption, Matrixport said in report. The crypto services provider’s Bitcoin price prediction comes amid BTC’s surge to $35k. Spot Bitcoin ETF approval could be one of the catalysts of the bull market. Bitcoin’s jump to above $35,000 this week came amid the crypto market’s latest spot Bitcoin ETF anticipation. This has the flagship cryptocurrecy looking at potentially printing the first consecutive weekly green candle since late July/early August when it went on to hit lows of $24,900 in September. BTC has notably retreated from the $35k level and is battling to strengthen above $33.5k as of Friday afternoon, October 27. What could drive Bitcoin price to $125k? While some analysts say the crypto could look to retest key support levels, crypto services platform Matrixport says in a new Bitcoin price prediction that the benchmark cryptocurrency could soar to $125,000 by the end of n

On the heels of a tremendous week for the digital asset, more than $4.5 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today. Indeed, the former has noted an impressive surge in price. Specifically due to the hype surrounding the potential arrival of a Spot Bitcoin ETF in the coming months. Conversely, both assets slipped lower today, with Bitcoin falling below the $34,000 mark and Ethereum falling below $1,800. Still, today, both BTC and ETH options contracts worth billions expire, which may lead to a volatile response from the market overall. JUST IN: $4,550,000,000 worth of #Bitcoin & Ethereum options expire today. — Watcher.Guru (@WatcherGuru) October 27, 2023 Also Read: Bitcoin Reaches All-Time High Against the Argentine Peso, Naira, and Lira $4.5B Worth of BTC and ETH Options Contracts to Expire Today The year thus far has certainly been up and down for the digital asset sector. Still, the prevalence of Bitcoin has seemingly increa

In the realm of content creation, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the litmus test for textual intricacy. Conversely, burstiness measures the ebb and flow of sentence diversity. Lastly, predictability gauges the likelihood of one predicting the subsequent sentence. Humans often infuse their prose with a rich blend of sentence structures, incorporating both intricate and concise phrasings. In contrast, artificial intelligence-generated sentences tend to maintain a more consistent pattern. Consequently, for the content I’m about to task you with creating, it’s imperative that it exudes a healthy dose of perplexity and burstiness while minimizing predictability. It’s essential that the text adheres strictly to the English language. Now, let’s transform the following text: “The Crypto Fear & Greed Index has returned to levels not seen since the peak crypto market rally of November 2021. Bitcoin BTC $34,154

A highly expected approval of spot Bitcoin ETFs has dominated the cryptocurrency market narrative in the last months. Investors speculate whether this event could increase the demand for Bitcoin (BTC), positively affecting its price. Particularly, BTC price surged following two different rumors starting on two consecutive Mondays on October 16 and October 23. The first rumor started after unverified “breaking news” of BlackRock’s ETF approval that proved to be false. The second happened with another supposed “breaking news” of the ticker of BlackRock’s Bitcoin ETF being added to DTCC’s list — which was later revealed to be there since August 2023. Understandably, skepticism and controversy have grown in the crypto community after these “buy the rumor, sell the news” consecutive events regarding the financial giant BTC-based product approval. Cryptocurrency Bitcoin flips Tesla's market capitalization amid strong BTC price rally Cryptocurrency

Oct 26, 2023 at 11:25 // Price Author Coin Idol Five cryptocurrencies showing the biggest price fall of the week are Trust Wallet Token, Conflux, XDC Network, Rocket Pool, Klaytn.  Cryptocurrency analysis by Coinidol.com. The cryptocurrencies listed below are the worst performing altcoins of the week. With the exception of the Trust Wallet token, all other cryptocurrencies are in a declining trend. There is a risk that the altcoins will continue to fall.  Trust Wallet Token The price of Trust Wallet Token (TWT) is on the rise. The price of the altcoin i

CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives. The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out , host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media.  Li kicks off the episode by explaining the rationale behind creating social media platforms running on blockchain. Li points out that Web3 social media platforms give content creators the confidence that they won’t be abandoned when the platform gets bigger or shifts its focus to ad revenue, unlike traditional platforms. This feature is built on top of a decentralized financial system, and the speculative nature of the space creates a strong case for SocialFi. Li also highlights updates in recent years that have shone a spotlight on decent

Russian President Vladimir Putin is advancing to uproot the US dollar and G7 nations’ dominance in the global financial system. Putin, a member of the BRICS group said that the alliance is growing financially stronger than that of the G7 bloc. The ratio of BRICS and G7’s GDP is narrowing down every year giving the 11-member group an upper hand. BRICS surpassed the G7 bloc in terms of global GDP in purchasing power parity (PPP) early this year. Also Read: BRICS: China Sells the Most U.S. Assets Its Ever Sold in 4 Years The development indicates that BRICS is not far behind from the G7 countries and could race ahead in the coming years. The alliance is deking its cards at the moment and finding new ways to end reliance on the US dollar. Read here to know how many sectors in the US will be impacted if BRICS completely stops using the dollar. BRICS Is Now More Richer Than G7 Countries, Says Putin Source: newscast-pratyaksha.com Putin said in an interview early this month that B