Earlier this month, OJK has been teaming up with financial authorities from Malaysia, Singapore, and Dubai to build a comprehensive crypto policy. These international collaborations, including drafting Memorandums of Understanding with Malaysia’s Bank Negara, Singapore’s Monetary Authority, and Dubai’s Virtual Asset Regulatory Authority, aim to establish a solid framework for crypto policy. Source
The RTS published lays out the “requirements, templates and procedures complaints received by issuers” of what MiCA defines as asset reference tokens (ARTs). Unlike stablecoins that are pegged to the value of one currency like the euro or U.S. dollar, ARTs – such as Libra (later Diem), proposed by Meta a few years ago – can reference several of them or other assets like cryptocurrencies. Source
The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Bitcoin’s surge to new all-time highs signals its entry into the euphoria zone, accompanied by substantial capital inflows driven by the success of spot Bitcoin ETFs. Bitcoin has finally entered the fourth cycle in its history as its price keeps growing beyond the $70,000 mark, Glassnode analysts said, adding that the interest surrounding the cryptocurrency appears to be transitioning it into the euphoria zone. Bitcoin’s euphoria zones by cycles | Source: Glassnode According to on-chain data analysis, the Bitcoin Realized Cap, a measure of the total wealth stored in BTC…
Binance has announced the upcoming cessation of trading for several stablecoin spot trading pairs associated with Justin Sun-linked stablecoin TrueUSD (TUSD). The paris include COMP/TUSD, EDU/TUSD, and PENDLE/TUSD. This decision follows the platform’s routine assessment of trading pairs, aimed at maintaining market quality by considering factors such as liquidity and volume. The changes are scheduled for March 15, 2024, at 03:00 UTC, affecting not only these pairs but also others like ARPA/BNB and EDU/BNB. Despite the delisting, Binance added that the base and quote assets of these pairs will remain…
Some of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency demonstrates the real estate agency’s openness and its eagerness to become “a leader within […] Source
PRESS RELEASE. Zürich, Switzerland, March 13, 2024 – TRON DAO has collaborated with Token Terminal, integrating the TRON network’s data into Token Terminal’s sophisticated suite of data analytics tools. This collaboration promises to transform the way investors and analysts access and leverage TRON’s data. Token Terminal’s Data Partnership is a comprehensive on-chain data analytics service […] Source CryptoX Portal
Earnings already subject to the 15% capital gains tax don’t need to be included when calculating income taxes. Source
The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval. Source
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024. Source