Uphold to delist USDT and 5 stablecoins by July 1, citing MiCA

June 18, 2024 Coin Telegraph

Apart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to comply with MiCA regulations.

Cryptocurrency exchange Uphold has sent a notice to its European users informing them that the platform will end support for six popular stablecoins from July 1. Uphold says it is delisting the stablecoins to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

The six stablecoins are Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini dollar (GUSD), Pax dollar (USDP) and TrueUSD (TUSD). Users holding these stablecoins must convert them to a different cryptocurrency before June 28, after which the cryptocurrency exchange will automatically convert them into USD Coin (USDC).

MiCA was passed into law in May 2023 and went into partial effect in June 2023. The extensive EU crypto laws are expected to come into full force by the end of 2024.

Hong Kong invites global opinions on web3 and virtual assets future

Europe’s crypto industry can ‘sleep better at night’ with new parliament

June 16, 2024 Coin Telegraph

Coin Telegraph

The European elections have formed a new EU Parliament that will rule for the next five years.

The new European parliament is set to continue the European Union’s relatively supportive policies toward the cryptocurrency industry.

Last week, 185 million EU voters from 27 member states took part in the elections to choose the new European Parliament.

The European political arena has transformed thanks to a surge in representation from the far-right wing, the consolidation of the European People’s Party (EPP) and the decline of the Greens/European Free Alliance (Greens/EFA).

Hong Kong invites global opinions on web3 and virtual assets future

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 […]

The post Euro-Pegged Stablecoin Volumes Grow As New Regulation Acts As Potential Boon for Sector: Kaiko appeared first on The Daily Hodl.

Hong Kong invites global opinions on web3 and virtual assets future

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.

Hong Kong invites global opinions on web3 and virtual assets future

Can Bitcoin close above $70K amid strong labor market?

June 7, 2024 Coin Telegraph

Can Bitcoin close above K amid strong labor market?

bitcoin etf

Stronger-than-expected employment data could put more downward pressure on Bitcoin price. Are ETF inflows enough to get a weekly BTC close above $70,000?

Bitcoin price could be pressured by the accelerating labor market in the world’s largest economy, the United States.

The nonfarm payrolls report, published on June 7, measures the change in the number of people employed during the previous month, excluding the farming industry.

With nonfarm payrolls exceeding expectations, investors could become concerned with more monetary policy tightening.

Hong Kong invites global opinions on web3 and virtual assets future

Worldcoin faces bans worldwide amid increasing privacy fears

May 27, 2024 Coin Telegraph

Coin Telegraph

Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.

The increasing adoption of Worldcoin, an AI-centric identification project with its own cryptocurrency, is alarming privacy advocates and regulators.

According to the project, over 5 million people have already lined up to stare into a silver sphere the size of a bowling ball and scan their irises.

In addition to receiving online ID verification, users are rewarded 25 WLD, worth about $115.

Hong Kong invites global opinions on web3 and virtual assets future

EU says ChatGPT outputs too much false information to comply with rules

May 24, 2024 Coin Telegraph

chatGPT

While the assessment remains ongoing, OpenAI appears to have made little in the way of progress since 2023.

The European Data Protection Board (EDPB) published the first progress report from its “GPT taskforce” and the news isn’t good for ChatGPT.

OpenAI’s efforts to bring its flagship AI model, ChatGPT, into line with European Union (EU) rules including the comprehensive General Data Protection Regulation (GDPR) were noted by the EDPB, but ultimately deemed insufficient.

Per the EDPB document:

Hong Kong invites global opinions on web3 and virtual assets future

Microsoft faces multi-billion dollar fine in EU over Bing AI

May 18, 2024 Coin Telegraph

Coin Telegraph

The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

Microsoft faces a fine in the European Union of up to 1% of its annual revenue if it doesn’t respond to a request for information by May 27.

The threat stems from a request made under the E.U.’s Digital Services Act concerning the company’s Bing search engine and its associated generative artificial intelligence services.

A post on X.com compelling Microsoft to “provide information under the Digital Services Act on generative AI risks on Bing” was sent on May 17 disclosing the news to the public.

Hong Kong invites global opinions on web3 and virtual assets future

Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

May 18, 2024 The Daily Hodl

Altcoins

The San Francisco-based crypto exchange Kraken is reportedly mulling whether to pull support for the stablecoin USDT in the European Union (EU). Bloomberg reports that Kraken is “actively reviewing” its European support for the Tether-issued stablecoin. European digital asset trade associations and think tanks have warned that the EU’s Markets in Crypto-Assets Regulation (MiCA) could […]

The post Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report appeared first on The Daily Hodl.

Hong Kong invites global opinions on web3 and virtual assets future

Blockchain adoption in healthcare faces serious obstacles in Germany

May 12, 2024 Coin Telegraph

Coin Telegraph

Blockchain technology could enhance healthcare digitalization, but privacy concerns are hampering adoption.

Blockchain technology has expanded beyond cryptocurrency and is now used in a number of applications, including decentralized databases, which can prevent counterfeiting through transparency and security.

This ability to secure data is particularly valuable to the healthcare sector, where blockchain tech can secure data, enhance data integrity and empower patients to control their data more effectively.

It can also improve transparency in supply chains and verify the authenticity of medicine. Additionally, blockchain aids in healthcare identification and has the potential to enhance biomedical research by simplifying data storage and exchange.

European Union

Share this video