EU’s MiCA Crypto Law Debate Scheduled for April 18

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesTop StoriesFTX founder Sam Bankman-Fried’s entire crypto empire was a “house of cards,” which was “built on a lie,” the U.S. Department of Justice said in its

Nassau, The Bahamas — In early 2022, Ryan Austin was part of a non-profit foundation devoted to teaching people in The Bahamas how to code. One of the early donations it received was from FTX, Sam Bankman-Fried's now-defunct cryptocurrency exchange that operated from the nation. The $30,000 contribution was made to train public school teachers

Members of the U.K. digital asset space seem to largely support a proposal by the country’s financial watchdog to move companies away from promoting crypto as an inflation hedge.The popular argument that limited-supply cryptocurrencies like bitcoin (BTC) can hold firm against rising price levels may be theoretically sound – but due to a lack of…

Spot ETFs to have a bigger impact on crypto market price action, the report said. Canaccord noted that institutional adoption of crypto is still growing with more than half of the world’s largest hedge funds now trading or holding spot bitcoin ETFs. Ether spot ETFs should help broaden institutional appetite for other digital assets, the

news Switzerland’s top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year. Reuters reported Feb. 6 that SIX chairman Romeo Lacher said the planned new SIX Digital Exchange (SDX) will initially operate alongside the existing SIX platform. Currently, a trade takes several steps to complete, which can…

Apr 10, 2020 at 21:25 UTCKARMA-20: Reddit appears to be experimenting with Ethereum, though the company has not formally released many details. (Credit: Shutterstock)Reddit May Use Ethereum for a New Token-Based Points SystemReddit is experimenting with recording points and perks on a blockchain.According to a user post on the social media platform and confirmed by…

The U.S. Securities and Exchange Commission (SEC) sued U.S crypto exchange Coinbase (COIN) on allegations of violating federal securities law, a day after filling a similar suit against Binance.According to the SEC, Coinbase has operated as an unregistered broker, exchange and clearing agency simultaneously, arguing that it solicited customers, handled orders, allowed for bids and…

news Crypto security company Curv has obtained up to $50 million of insurance coverage for its institutional customers from reinsurance giant Munich Re. The coverage, announced Friday, is an add-on to the Tel Aviv-based Curv’s Institutional Digital Asset Wallet Service, “Curv will have the financial capability to pay for losses of crypto assets,” the partners said…

news After four months, the ethereum-based stablecoin DAI looks to be maintaining a steady dollar valuation. Since January, the theoretically USD-pegged token has fallen below dollar valuation, trading hands at or above $1 only sporadically. However, for the past few days, DAI across four different cryptocurrency exchanges has been exchanging above the dollar level and…