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EU to Create New Crypto Regulator: Report

Key Takeaways

The European Union is currently designing a sixth “Anti-Money Laundering Authority,” which will have the specific purpose of regulating the crypto industry. This new regulatory body will likely decrease the possibility of jurisdictional arbitrage between different member states. The European Parliament recently voted in favor of strict anti-anonymity laws targeted at unhosted crypto wallets.

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A new crypto regulatory body is being designed by the European Parliament, the European Commission, and the European Council that will have direct oversight over...

European Digital Bank Revolut Makes Huge Crypto Announcement

Revolut is recently indicating massive interest in cryptocurrencies. The European neobank has persistently made moves which aim to provide its customers exposure to digital assets. Most recently, Revolut received a breakout authorization which will help it actualize its crypto dreams.

Revolut received CASP license from Cyprian regulator

According to recent reports, Revolut has secured an authorization license to proffer cryptocurrencies to its customers in the European Economic Area, totaling about 17 million. The institution was awarded the Crypto-Asset Service Provider (CASP)...

MANA’s network activity could bring forth a shorting opportunity here

Every once in a while, cryptocurrencies go through a phase where volumes contract and prices are restricted within a narrow range. Well, MANA has been stuck in this phase since June. As a consequence, it has struggled to exit its bottom range. The altcoin has experienced very low whale and institutional activity during the contraction phase. This is often the case when cryptocurrency volumes shrink, and it is a key reason why price movements are quite limited.

Decentraland’s network

MANA’s muted performance...

Shiba Inu (SHIB) Rallies Over 30% Amid Strong Whale Transactions

Memecoin Shiba Inu (SHIB) has come once again in action. Over the last 24 hours, the SHIB price skyrocketed more than 30% hitting an intraday top of $0.00001766. The recent price rally in Shiba Inu comes on the backdrop of a strong whale accumulation. As on-chain data provider Santiment writes: “Shiba Inu has been on the move this weekend, and is up +34% in the past 24 hours while

NEAR’s price performance as a case study of the ‘Coinbase Effect’

On 10 August, Coinbase, one of the world’s leading exchanges, announced the inclusion of NEAR on its listing roadmap. This suggested that the altcoin is now among the assets that the exchange plans to make available on its platform. Following the said announcement, NEAR quickly rallied on the charts, posting a 12% intraday rally. It even traded at a high of $6, before exchanging hands at $5.89 at press time. Now, listing a crypto on Coinbase typically leads to a...

Polcadot’s Acala Dips By 70% After Hackers Issued 1.2 Billion AUSD

Yet another DeFi protocol has been tampered by hackers, who, in the last couple of months, have succeeded in breaching security of many other protocols. This time, polcadot’s Alcala becomes the victim.

AUSD falls to lowest point as Acala remains under threat

Polcadot’s decentralized finance network hosting the aUSD ecosystem, revealed via their official Twitter handle, that operations have been halted, following the rise of “configuration issues” on the network. The tweet, which has since left users of the platform in panic...

Celsius Users Fight It Out With Crowdfunding For This Battle

After Celsius filed for bankruptcy last month, the crypto community was in disarray with severe drop in prices. In recent times, Celsius users have been uniting to stage a fight for the return of their funds. Interestingly, the user community is increasingly getting involved in pursuit of legal fight. They have been using various channels through social media to unite users and collect resources.

Celsius Users Unite To Fight It Out For The Funds

According to a Bloomberg report, a Telegram...

Vauld Fight Backs Over ED Allegations

The Enforcement Directorate of India (ED) launched its back to back inquiry over several digital asset exchange platforms. Recently, Singapore based crypto exchange, Vauld, landed under the radar of the anti money laundering agency.

Is Vauld cooperating with ED?

In a press release, ED mentioned that it conducted searches at the local entity of Vauld in Bangalore. It highlighted that the agency has issued a freezing order to freeze Vauld’s bank balances and payments gateway balances. These frozen assets value around...

Tezos [XTZ]: Did you buy the bottom in June? If yes, that means…

XTZ holders, especially those who purchased near the bottom of the bear market in June, are up a tad over 60%. However, the cryptocurrency just touched its first major resistance level. This means a substantial pullback might be on the cards this weekend. XTZ has so far managed to push as high as $1.94 this month. This represents a 62% upside from its lowest price point in 2022. Its $1.88 press time price seemed to reflect the greater selling pressure...

Curve Finance’s [CRV] condition after a $450,000 exploit recovery

Curve Finance [CRV], the on-chain liquidity exchange, was attacked in what was termed a “DNS cache poisoning” on 9 August. This exploit capitulated CRV as the price plunged from $1.48 on 8 August to $1.25 on the event day. Surprisingly, the coin picked up and increased to $1.42 on 11 August. On the same day, it was announced that Curve Finance had recovered over 80% of the stolen funds. Despite the retrieval, CRV...