EU Banking Authority to Hire Crypto Experts as it Prepares for New MiCA Law
The European Banking Authority (EBA) is hiring crypto-skilled staff as it seeks to prepare for duties under the European Union’s forthcoming Markets in Crypto Assets regulation (MiCA), according to a vacancy notice published on Wednesday.
Breaking the Stigma: Why Crypto Isn’t to Blame for Traditional Finance Failures
In the aftermath of the collapse, many people attributed the blame to crypto. However, crypto could be the solution rather than the root cause of the problem.
Not Financial Advice But Emoji
In the documents of the trial with Dapper Labs, the court ruled that the emojis “rocket ship”, “stock chart” and “money bags” can be considered as financial advise.
Crypto Industry Counterattacks White House’s Anti-Crypto Economic Report
Crypto industry leaders and influencers took to Twitter to denounce the White House’s annual economic report saying crypto has no value. The White House’s annual economic report to Congress considers crypto assets as speculative investment vehicles and harmful for investors, stablecoins risk bank runs. The report also doubts the benefits of crypto including store of value, effective means of payment, and economic benefits of DLT technology.
Crypto Firms Turn to Swiss Banks After Silvergate and Signature Fall
As per the latest CNBC report, most of these crypto firms have turned to crypto-friendly Swiss banks while flooding them with requests for banking services. Although digital assets have shown strength amid the banking crisis, the fact remains that crypto firms still need banking partners as a source of liquidity.
Crypto Fear and Greed Index Surges to Highest Level This Year Amid Rising Optimism
The Crypto Fear and Greed Index, which serves as an aggregate for investor confidence and attitude towards the market has reached its highest level this year, indicating growing optimism and confidence among cryptocurrency investors.
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
Belgium’s Financial Services and Markets Authority (FSMA) has been granted powers to strictly regulate crypto-themed advertising. The new rules, which will be applied in less than two months, are meant to ensure that the risks linked to virtual currencies are “sufficiently prominent” in such advertisements, the regulator said in an announcement on Monday.
Bitcoin’s False Spring: Historical Analysis & What Comes Next
The author analyzes the price changes of Bitcoin through historical data, and discusses the reasons for the price increase and possible future trends of Bitcoin.
White House Report Says Crypto Doesn’t Have Fundamental Value, Citing Risk to Consumers and Financial System
"So far, crypto assets have brought none of these benefits." the authors wrote in the report.
Celsius Custody Account Holders Can Receive 72.5% of Their Crypto, Says Bankruptcy Judge
In a March 21 hearing, United States Bankruptcy Judge Martin Glenn signed off on an agreement allowing Celsius custody account holders the right to receive 72.5% of their crypto claims provided they approve of the settlement. Under the agreement, the claimants cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action” and digital assets not part of the settlement will be controlled by the Celsius debtors.
