Crypto
EU preparing special regulations for cryptocurrency market – The Dubrovnik Times
The EU is getting ready particular rules for the cryptocurrency market, Večernji checklist writes on Sunday, stating that the state of affairs with cryptocurrencies is now on shaky floor.
Anybody who has been coping with Bitcoin and the crypto market for a very long time is used to periodic value fluctuations up and down, however at present cryptocurrencies are among the many greatest losers within the funding market. Bitcoin was traded at $29,500 on Friday, at $64,000 again in November.
To foretell the temper of traders on this market, financiers repeatedly calculate and monitor the so-called ‘concern and greed’ index, which, with cryptocurrencies in latest days ranged from 8 to 13 in comparison with the utmost and optimistic 100.
Solely as soon as in historical past has a decrease worth of the index of concern and greed been recorded, in August 2019 with a worth of 5, when Bitcoin struggled with the value of $10,000. Bitcoin has already set a historic adverse file as a result of for the primary time within the ten-year historical past of that cryptocurrency, its value fell for eight weeks in a row.
One of many largest steady cash, Terra Luna UST, which had a market capitalization of about $18 billion, first collapsed within the crypto market, and traders within the mission misplaced virtually your complete quantity of funding.
Because the losses develop, the makes an attempt of the states to manage that market are intensifying, so lately even the strongest industrial states from the G7 group have declared themselves for quick and complete regulation of cryptocurrencies.
Hanfa says that particular rules are being ready on the EU degree that can comprehensively regulate the cryptocurrency market, and Hanfa is actively taking part in its adoption.
Hanfa emphasizes that it has restricted knowledge on cryptocurrency buying and selling, in comparison with the businesses that knowledgeable them that they’re engaged within the trade of digital and fiduciary currencies.
Within the first 4 months of 2022, the quantity of turnover at home crypto trade places of work amounted to 461.8 million Kuna, which is a drop of 30 % in comparison with the primary 4 months of final 12 months, writes Večernji checklist.
World’s popular digital currency rises as high as $99,073 on expectations Trump will ease legal and regulatory hurdles.
Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets.
The world’s most popular digital currency rose as high as $99,073 on Thursday, extending its surge since Trump’s re-election on November 5.
The commodity has risen more than 60 percent since election day as investors anticipate Trump’s incoming administration to ease regulatory and legal hurdles to its use.
Trump, who called the asset a “scam” during his first term, accepted campaign donations in cryptocurrency, and has pledged to make the US “the crypto capital of the planet” and accumulate a national bitcoin reserve.
Trump and his three sons in September also announced the launch of their own crypto business, World Liberty Financial, which investors have taken as a promising sign of the president-elect’s belief in the sector.
In another bullish signal for the sector on Thursday, United States Securities and Exchange Commission (SEC) chair, Gary Gensler, who was widely disliked among crypto investors for his aggressive enforcement actions targeting the sector, confirmed that he would step down in January.
Trump had pledged to fire Gensler on “day one” of his administration, though the president does not have the authority to remove the SEC chair before the end of his or her term.
While viewed by supporters as a ticket to big returns and financial freedom, Bitcoin and other cryptocurrencies are known for their volatility and have faced government crackdowns in several parts of the world.
After climbing to a record high of $69,000 in late 2021, Bitcoin plunged to less than $16,000 over the following year.
The commodity burst past its previous peak in March after gaining more than 300 percent since November 2022.
Crypto
Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News
WisdomTree has launched a new cryptocurrency exchange-traded product (ETP), the US asset manager announced today, with a focus on the XRP digital currency.
The new WisdomTree Physical XRP (XRPW), joins the firm’s $1.1bn lineup of physically backed cryptocurrency products, designed to provide European investors with a straightforward, regulated means of investing in digital assets without direct ownership.
The XRP asset, native to the XRP Ledger (XRPL), has carved out a unique role for itself in the digital currency landscape, as a blockchain optimised for cross-border payments and high-speed transactions.
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