This article discusses the implications of the Market for Crypto Assets (MiCA) proposal for utility tokens. It outlines specific types of crypto assets that fall outside the scope of MiCA, including DeFi protocols, pure-play NFTs, CBDCs, security tokens, and other crypto assets that qualify as financial instruments. The introduction of licensing requirements for cryptocurrency service providers, asset-referenced token issuers and e-money token issuers is also detailed. One of the key aspects of MiCA is the oversight of cryptocurrency asset service providers at member state level. Competent authorities are responsible for supervising these providers and ensuring compliance with MiCA regulations. The…
Author: Crypto Flexs
Read More
Investor and cryptocurrency analyst Fred Krueger said: predict A “vicious” Bitcoin (BTC) rally is coming soon. He cited the recent unprecedented accumulation of coins by Wall Street heavyweights. This surge in institutional interest coincides with the recent approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Wall Street Increases Bitcoin Purchases In a post on To illustrate, the analyst noted that Fidelity is purchasing approximately 4,000 BTC daily. Related Read: Bitcoin Goes to the Doctor: 5 Key Indicators for BTC in 2024 On the other hand, Krueger says Ark is consuming over 1,500 BTC…
Within 72 hours of launching presale on January 17, Bitbot raised a whopping $300,000. Bitbot aims to lead the Telegram trading bot market, a fast-growing segment of the trading app market with a lifetime trading volume of $7 billion. Telegram trading bot allows traders to manage their cryptocurrency trading portfolio within the Telegram app. In practice, this means that investors who are heavy Telegram users – a significant portion of the 800 million active Telegram users – will no longer need to run two applications – the exchange and the Telegram app – to manage their trades. Additionally, Telegram trading…
A California court recently issued a ruling ordering Crowd Machine and Metavine to pay more than $20 million in restitution, interest, and penalties. This landmark decision follows the 2018 Initial Coin Offering (ICO) of the Crowd Machine Computing Token (CMCT), which the U.S. Securities and Exchange Commission (SEC) classified as fraudulent and unregistered. The case began in January 2022 when the SEC filed a lawsuit against Crowd Machine founder Craig Sproule. The allegations included the misuse of $5.8 million of the $33 million raised during the ICO. CMCT was created as a digital currency that rewards computer owners for their…
One analyst explained that the recent hiatus in the Ethereum futures market could suggest that ETH’s price rise may resume. Ethereum funding rate has recently decreased One analyst in a CryptoQuant Quicktake post explained that ETH funding rates have cooled from previously overheated levels. “Funding Rate” means the periodic fee currently exchanged by holders of futures contracts on a derivatives platform. A positive value for this indicator means that long-term contract holders are paying a premium to sell short to maintain their positions. This trend means that most traders currently share the bullish sentiment. On the other hand, anything below…
The crypto market is always searching for the next big thing – those hidden gem altcoins that can deliver 10x or even 100x returns. In this article, we highlight 7 undervalued altcoins that have strong fundamentals and utility to potentially explode in 2024. Our research team selected these cryptocurrencies based on their impressive technology, fundamentals, growth potential, and favorable technical analysis that points to significant upside this year. Sponge V2 ($SPONGEV2) – The Next Major Meme Coin Revival The original Sponge token saw meteoric growth in 2023, skyrocketing from a $1 million market cap to over $100 million at its…
Posted 1 minute ago In ~ Cryptocurrency-focused fund manager Bitwise said Wednesday that it has become the first U.S. Bitcoin ETF to disclose the digital wallet addresses of its holdings. Bitwise noted that the decision to publish the information stemmed from the priority of on-chain transparency.“Now anyone can check their BITB holdings and flows directly on the blockchain,” the company wrote on social media Wednesday. line.”bloodRevealing on-chain addresses is the first step toward increasing public transparency. As our infrastructure evolves, we hope to be able to do more, including collaborating with companies like Hoseki. Provides real-time cryptographic proof.”Spot Bitcoin ETF…
A closely watched cryptocurrency strategist believes Bitcoin (BTC) will soon see a parabolic move similar to previous market cycles. Pseudonym analyst Rekt Capital says The 389,700 followers on social media platform The next halving event is expected in April, when miners’ rewards will be halved. According to traders, Bitcoin’s price action is likely to go through three distinct phases before parabolic phase four. “Entry requirements for Bitcoin parabolic uptrend (green): • Survive the current downturn (orange) • Survives pre-half-life retracement (dark blue circle). • Is it easy enough to survive re-accumulation after half-life (red)? let’s go.” Source: Rekt Capital/X Analysts…
Leading cryptocurrency asset management company Bitwise has set a new precedent by becoming the first U.S. physical Bitcoin exchange-traded fund (ETF) to disclose its Bitcoin address holdings.“Now anyone can check BITB’s holdings and flows directly on the blockchain,” the asset manager said. “On-chain transparency is at the core of the Bitcoin ethos, and we are proud to walk alongside BITB.”In response to the growing demand for openness and accountability in the industry, Bitwise is providing investors and the public with real-time access to the Bitcoin addresses associated with their ETF holdings. These disclosures are an attempt to foster trust by…
Coinbase Should Prioritize Insurance Funds Over Ethereum Client DiversityCrypto analyst Adam Cochran urged Coinbase to prioritize creating insurance funds for its users instead of focusing on diversifying its Ethereum client infrastructure. He believes that the current approach to Ethereum client diversity is inadequate and risks causing significant disruption and loss to Coinbase users if a “too many” errors occur. Cochran recommends creating an insurance fund to compensate users in the event of such a failure and suggests giving users the option to use an alternative Ethereum client for added security. This recommendation comes after Nethermind, an Ethereum client used by…