Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

June 13, 2024 Bitcoin.com

bitcoin.com

A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US […]

Crypto regulation shifts as Bitcoin eyes 5K amid liquidity boost

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

Euro-Pegged Stablecoin Volumes Grow As New Regulation Acts As Potential Boon for Sector: Kaiko

June 12, 2024 The Daily Hodl

Altcoins

Euro-pegged stablecoin use is increasing amid new European crypto regulations that phase in over time, according to digital asset analytics firm Kaiko. In a new report, Kaiko says that the European crypto market is facing big changes as the regulations impacting stablecoins in the 2023 Markets in Crypto Assets (MiCA) law go into effect later this […]

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Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

EU elections 2024: Pro-crypto parties pick up seats amid Green losses

June 11, 2024 Coin Telegraph

Coin Telegraph

The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats.

From June 6 to 9, more than 185 million people from the European Union’s 27 member states voted for candidates to serve a five-year term in a new European Parliament, the legislative branch of the political bloc.

This pivotal event will shape the political direction of the EU for five years, and crypto and blockchain are no exception.

The election results are mixed: The Christian Democrats won 10 seats, while the Social Democrats hung on, losing only four seats, and the pro-business (and pro-crypto) Renew Europe Group lost 23 seats.

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

Germans split on digital euro, most don’t know what it is: Survey

June 5, 2024 Coin Telegraph

CBDC

Most Germans have never heard of the digital euro and some who knew of it thought it was a cryptocurrency, a central bank survey found.

Half of Germans in a recent survey said they could see themselves using the digital euro despite many not having heard of it or knowing exactly what it is.

Deutsche Bundesbank’s survey of 2,012 people published on June 4 saw 50% say they could either “definitely” or “probably” imagine using the digital euro — the European Central Bank’s pilot central bank digital currency (CBDC) — if it was an additional payment option.

A quarter said they would “definitely not” use it, about the same said they would “probably not” — 1% said they didn’t know.

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

Belarusian President Claims Decline in US Dollar and Euro Use Globally

May 13, 2024 Bitcoin.com

Belarus

Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide. He attributed the declining relevance of these currencies to the controversy surrounding […]

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

European Central Bank Officials Blast Bitcoin, Say Fair Value of BTC Is ‘Still Zero’ Even After US ETF Approval

February 23, 2024 The Daily Hodl

Bitcoin

Officials of the European Central Bank (ECB) are not convinced that Bitcoin (BTC) is a valuable financial asset despite the US approval of a spot exchange-traded fund (ETF) for the flagship cryptocurrency. The ECB is the central bank of European Union (EU) countries that use the euro as their currency. In a new blog post, […]

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Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

A Bitcoin Crash to $10,000 ‘Still in the Cards,’ Warns Crypto Analyst Justin Bennett – Here’s Why

January 25, 2024 The Daily Hodl

A Bitcoin Crash to ,000 ‘Still in the Cards,’ Warns Crypto Analyst Justin Bennett – Here’s Why

Bear Market

Crypto analyst and trader Justin Bennett is warning that Bitcoin (BTC) still could undergo a massive market crash this cycle. Bennett tells his 110,700 followers on the social media platform X that the crypto king could decline by more than 74% from its current value if a black swan event triggers a severe correction. According […]

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Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

Deutsche Bank Subsidiary Forms Partnership With Galaxy Digital and Other Firms To Launch New Euro Stablecoin

December 13, 2023 The Daily Hodl

Altcoins

The asset management arm of German financial services giant Deutsche Bank is collaborating with crypto firm Galaxy Digital and others to launch a new Euro-pegged stablecoin. In a new press release, DWS Group says it’s partnering up with Galaxy Digital and trading firm Flow Traders to form AllUnity, a company that plans to issue a […]

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Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

German asset manager DWS joins Galaxy to issue euro stablecoin

December 13, 2023 Coin Telegraph

Coin Telegraph

AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases.

Deutsche Bank’s asset management arm, DWS, is forming a new venture with Michael Novogratz’s Galaxy Digital and Flow Traders to jointly issue a euro-denominated stablecoin.

DWS Group officially announced on Dec. 13 the plan to form AllUnity as part of a new partnership between DWS, Flow Traders and Galaxy to launch a “fully collateralized” euro stablecoin.

AllUnity’s operations will be regulated by the German Federal Financial Supervisory Authority, or BaFin, the announcement notes. AllUnity’s longer-term focus will be to promote the acceleration of mass adoption of digital assets and tokenization.

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

Banking Giant Societe Generale Says It Has Issued First ‘Digital Green Bond’ on Ethereum (ETH) Network

December 6, 2023 The Daily Hodl

bank

One of the largest banks in France says it has issued the first-ever digital green bond as a security token on the Ethereum (ETH) blockchain. In a new press release, banking giant Societe Generale says it has issued the eco-friendly bond to increase transparency and traceability surrounding ESG (Environmental, Social, and Governance) data. “This transaction […]

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Euro

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