Category: crypto

The Banque de France is advocating for the European Securities and Markets Authority to become the sole regulator for the bloc’s crypto markets to preserve Europe’s monetary sovereignty. Governor François Villeroy de Galhau warned of the threat of dollar-backed stablecoins eroding the euro’s role in global settlements and is advancing projects like Pontes and Appia…

ShapeShift, a decentralized trading platform, has partnered with Zcash to introduce shielded transactions for users. This integration enhances privacy for users across different blockchains. Zcash has provided a $50,000 grant to ShapeShift. The collaboration underscores a commitment to privacy in the face of regulatory scrutiny in the crypto privacy market.

Kraken has integrated CME Group’s futures contracts for S&P 500, gold, and oil on its platform, expanding beyond crypto. Users can now trade traditional contracts like equity indices and commodities. This move connects Kraken with traditional finance markets, offering enhanced order tools and data plans for both retail and professional traders.

Bybit has received the first full crypto exchange operator license in the United Arab Emirates from the Securities and Commodities Authority. This regulatory milestone adds to their compliance efforts in Europe and India. Bybit plans to expand its services across the UAE, including crypto trading, brokerage, and custody for retail and institutional clients.

Zora crypto price surged 30% after being listed on Robinhood, despite market downturn. The Ethereum-based project integrates with Coinbase’s app. Zora aims to revolutionize media and the creator economy with its Zora Network. The listing on Robinhood will expose Zora to more traders, potentially lowering volatility and boosting its price.

Barry Silbert has launched Yuma Asset Management, a fund focusing on AI-powered crypto networks like Bittensor, with an initial investment of $10 million from DCG. The fund aims to support early-stage teams developing decentralized AI infrastructure and utility tokens like TAO. Silbert sees Bittensor as a real AI utility, contrasting it with speculative projects.

Insiders are selling the memecoin YEPE, promoted by trader James Wynn, causing a 25% drop in its price. On-chain data shows insiders controlled over 60% of the token at launch, making $1.4 million in profits. Despite selling, insiders still hold more than 50% of the token’s supply.

Aave Labs and Blockdaemon have partnered to provide institutional access to decentralized finance opportunities. This integration allows Blockdaemon Earn Stack customers to earn more through staking rewards and idle balances. The partnership also includes support for Bitcoin, Ethereum, and stablecoins, aiming to unlock over $70 billion in liquidity for institutional investors.

Bitcoin’s price has fallen despite record ETF inflows, treasury accumulation, and adoption, dropping below key support at $120,000. The decline is attributed to the equity market drawing capital away from crypto assets. However, a decline in confidence in the dollar may boost Bitcoin and gold prices, leading investors to explore other alternatives.

Chainalysis has identified $75 billion in criminal cryptocurrency held in public wallets, mostly related to stolen funds and darknet markets. Bitcoin accounts for 75% of these balances, with criminals using mixers and cross-chain bridges to evade detection. Law enforcement faces challenges in recovering these funds, but blockchain transparency provides an advantage.