Day: July 5, 2023

European Regulatory Blockchain Sandbox Welcomes Its First 20 Projects

On July 3rd, Europe’s blockchain regulatory sandbox officially introduced its inaugural set of use cases. This milestone follows a period of eager anticipation in the industry, culminating from nearly 90 applications submitted back in April. Initiated in 2020 by the European Commission and the European Blockchain Partnership (EBP), the sandbox is set to close the regulatory gap between European nations and crypto companies. The Commission has accepted 20 projects for the first cohort, with participants hailing from diverse sectors such as finance and capital markets, telecoms and IT, global trade,…

BitgetX joins HKVAC as it aims for exchange license in Hong Kong

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According to a July 4 announcement, BitgetX, the Hong Kong subsidiary of cryptocurrency exchange Bitget, has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indices to cryptocurrencies.  Launched on May 31 with Huobi as its inaugural member, the HKVAC will produce two indices. The Cryptocurrency Large Market Cap Index will be based on the 30 highest capitalized cryptocurrencies according to a seven-day median, with other criteria and quarterly rebalancing. There will also be a Cryptocurrency Risk Rating Based Index in the future. Fiona Fan, founding…

Why is Litecoin price down today?

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Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market. On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market’s overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multiple cryptocurrencies. LTC/USD daily price chart vs. crypto market capitalization. Source: TradingView Litecoin’s RSI turns “overbought’ Litecoin rallied by more than 65% to reach a year-to-date (YTD) high of $116 on July 2. The gains appeared primarily due to euphoria around its halving in…

The Digital Euro Isn’t a Threat to Data Privacy

As such, the ECB is looking to replicate some cash-like features, like paying offline or not needing a bank account. But in designing these experiences there will be a choice on what are the limit above which identify verifications are needed. And, to advance anti-money laundering goals, the limits are likely to end up lower than those that we de facto have with cash. If the digital euro gradually replaces cash payments, some of the privacy of cash will be sacrificed. Original Source dataDigitalEuroIsntPrivacyThreat CryptoX Portal

Valkyrie Joins BlackRock To Resubmit Spot Bitcoin ETF Filing

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Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday. The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded. Valkyrie, like other asset managers, names Coinbase as its partner for the contentious surveillance-sharing agreement meant to tackle market manipulation. Trillion-dollar asset manager Valkyrie Digital Assets submitted another application for a spot Bitcoin ETF after the U.S. Securities and Exchange Commission rejected previous attempts, saying that the filings did…

EU blockchain sandbox unveils first 20 use cases after wave of applications

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The first batch of blockchain use cases to debut in Europe’s regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies. According to the European Commission, 20 projects have been selected in the first cohort, with companies in finance and capital markets, telecoms and IT, global trade, transportation, and cross-sectoral projects leading the group. The projects are spread across five European regions, including…