Day: June 29, 2023

Bitcoin traders say BTC price will soon break beyond $31K yearly highs

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Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29 while traders waited for bulls to succeed. BTC/USD 1-hour chart. Source: TradingView BTC price “primed to launch” Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave its short-timeframe trading range. Now caught between and $30,000 and $31,000, BTC/USD lacked impetus to continue the prior week’s uptrend or reverse downward. For market participants, however, there was increasingly reason to believe that flipping higher resistance levels to support would come next. It is very likely…

Candy Digital and Palm NFT Studio Announce Merger

“We’re thrilled to bring together two teams that have been market leaders in innovation and fan engagement,” Lawin told CoinDesk. “Palm NFT Studio shares Candy’s excitement about the role that digital assets will play as the connective tissue between fans, brands and content in Web3, and we’re looking forward to bringing world-class brands like Warner Bros. Discovery and DC to the Candy platform and community.” Source

9 key steps for ensuring compliance with incoming MiCA regulations

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In May 2023, the European Union signed its landmark Markets in Crypto-Assets legislation into law. Crypto businesses operating in the EU now have a fixed timeline to comply with MiCA’s wide-ranging guidance and regulations, which address everything from defining a crypto asset to establishing reserve requirements for stablecoins. While MiCA is impacting crypto at a challenging time, many insiders welcome this groundbreaking legislation and expect it to lead to a stronger, more vibrant industry. Below, nine members of Cointelegraph Innovation Circle share their insights to help crypto companies ensure they’re…

State of Crypto: Policy and Regulation by CoinDesk

State of Crypto: Policy and Regulation is a one-day event uniting key policymakers, regulators and government officials with legal, policy and compliance executives representing the largest and most influential TradFi and DeFi leaders in asset management and financial services. This event is for GCs, CCOs, CLOs, COOs, heads of policy and government affairs who are evaluating or actively investing in digital assets. The industry will meet to set industry standards and align on practical short-term and long-term objectives through pointed conversations with the best legal minds and Washington D.C.’s…

UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law

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Binance Application for German Operational License Denied by BaFin

The denial of a custody license in Germany poses significant challenges for Binance, as Germany represents one of Europe’s largest and most influential markets. Germany’s Federal Financial Supervisory Authority (BaFin) has reportedly denied the Binance exchange’s application for a crypto custody license. Finance Forward, a news publication, has reported that BaFin has communicated this decision directly to the exchange. The decision signifies a regulatory setback for the crypto trading platform. A custody license would have allowed Binance to legally offer crypto custody services to its German customers, ensuring compliance with…

ECB Set to Launch CBDC Market Settlement Trials by 2024

As research continues into a possible digital euro, the ECB plans to begin trials that settle transactions using a CBDC. The European Central Bank will begin trials on market transaction settlements using distributed ledger technology (DLT) via a central bank digital currency (CBDC). The ECB’s readiness to begin the CBDC trials and experimentation follows the first meeting of the New Technologies for Wholesale Settlement Contact Group (NTW-CG). The minutes of the meeting explored transaction settlements between financial institutions in addition to the development of a CBDC. The ECB’s trials will begin…

AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins – Cointelegraph Magazine

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Can you book flights and hotels using AI? The short answer is… kind of, but none of the AI chatbots are reliable, so you’ll still need to do your own research at this stage. Having recently spent hours researching flights and accommodation for a three-week trip to Japan, I decided to compare my results to Bard and ChatGPT’s suggestions. It turns out that Bard is actually surprisingly good at finding flights. A simple request for flights from Melbourne and Tokyo on a particular day returned options with major carriers like…