Crypto Trading Signals✅

2023-04-20 15:10:59 European Parliament Approves MiCA Law
The new law means that the EU will have a unified approach to crypto asset regulation across all 27 member states.

The European Parliament has voted through landmark legislation on cryptocurrency. The Markets in Crypto Assets (MiCA) law passed with 517 votes in favor and 38 against, with 18 abstentions.
The MiCA legislation means that the EU will have a unified approach to crypto asset regulation across all 27 member states. The law focuses on companies known as crypto-asset service providers (CASPs), including firms operating trading platforms or marketing crypto assets.
The Parliament also passed a separate law, the Transfer of Funds regulation, with 529 in favor, 29 against and 14 abstentions. The regulation will require crypto operators to identify customers in a bid to curb money laundering.
MiCA will not come into effect immediately; it will need to be approved by the European Council before officially becoming law. Open / Comment

2023-04-20 14:25:08 Gensler says securities law is time-tested, crypto just needs to fall in line

Securities and Exchange Commission Chair Gary Gensler continued to hint that ether, among other crypto tokens, may face increased scrutiny as an unregistered security. And with securities laws time-tested, the industry better get in line. “If the public is anticipating profits based upon the efforts of others in a common enterprise, those are the indicia of a security,” Gensler said when asked by The Block why he declined to directly weigh in on whether the second-largest cryptocurrency.

The Republican chair of the House Financial Services Committee, Patrick McHenry, earlier pressed the SEC chair to provide more clarity on the topic, a seeming friction point between Gensler and fellow markets regulator Rostin Behnam, the chair of the Commodity Futures Trading Commission. Open / Comment

2023-04-20 05:17:15 Coinbase gets Bermuda license, plans to launch offshore exchange in coming weeks

Coinbase has received a license to operate in the offshore haven of Bermuda, signaling that the company is doubling down on plans to increase its international business at a time when U.S. regulators have become hostile to the crypto industry.

By launching an offshore exchange in Bermuda, San Francisco-based Coinbase would be better poised to challenge Binance, which dominates the global crypto trade, and to diversify its revenue base.
In response to a request for comment, a Coinbase spokesperson referred Fortune to Wednesday’s blog post, which also disclosed plans to expand operations in Abu Dhabi as part of a strategy it’s calling “Go Broad & Go Deep.”
The news of the Bermuda license comes a day after Coinbase CEO Brian Armstrong warned that crypto firms may in the absence of a clear regulatory framework in the U.S.
It’s unlikely that Coinbase has immediate plans to leave the U.S. given that it has for years touted its record of compliance in its home country, and is broadly regarded as a law-abiding by politicians and regulators. Another big U.S. company, Ripple, issued similar warnings that it could pull up stakes in 2021 but has yet to follow through.
But even if an immediate exodus of big U.S. crypto companies is unlikely in the near future, Coinbase’s move to set up shop in Bermuda suggest that the industry is increasingly viewing locations like Hong Kong, Dubai, and Singapore—all of which have touted themselves as crypto hubs—as the industry’s primary place of business.
Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Open / Comment

2023-04-19 23:44:47 𝗥𝗘𝗔𝗞𝗜𝗡𝗚: @ElonMusk's Tesla hodls 9,720 #bitcoin    on their balance sheet for another quarter. #bitcoin #btc #crypto #cryptocurrency #blockchain #holders #trading investors Open / Comment

2023-04-19 17:02:00 Hong Kong court recognizes Bitcoin  and crypto as property Open / Comment

2023-04-19 14:01:17 Twitter partnership boosts eToro's popularity on Apple's App Store, for a day

EToro's popularity on Apple's App Store got a brief boost last week after announcing a partnership with Twitter, but like the rush of a tweet gone almost viral, the jolt was short-lived. Last week, the company announced a "$Cashtags" partnership with Twitter that enables the social network's users to see real-time prices for a wide range of stocks, crypto and other assets, as well as offering the option to invest through eToro.

After the April 13 announcement, eToro went from being the 404th most popular app in the finance category on the App Store in the U.S. to 221st. At either level, that's still the least popular among crypto apps tracked by The Block Research. The app has since fallen back to around 327th place.  Cash App is the most popular crypto app in the finance category on the App Store in the U.S. as tracked by The Block Research, followed by Coinbase and Binance. Open / Comment

2023-04-19 05:23:14 The TON Foundation, the organization behind the development and promotion of the Toncoin (TON) cryptocurrency project, has announced the launch of a two-way bridge that allows the seamless transfer of ERC-20 tokens from Ethereum to the TON blockchain. Open / Comment

2023-04-19 02:03:56 BTC’s current drawdown and recovery cycle is remarkably similar to the pattern seen in the 2018-19 bear market in terms of length and trajectory Open / Comment

2023-04-18 21:15:39 FTX has an $250M offer from Tribe Capital to restart exchange.

Tribe co-founder Arjun Sethi met with FTX's unsecured creditor committee in Jan.

Tribe would invest $100M and would raise an additional $150M.

FTX CEO John Ray should decide on a restart by June. Open / Comment

2023-04-18 20:41:24 Bankrupt crypto exchange FTX's plan to restart operations has drawn a bid from venture capital firm Tribe Capital, Bloomberg reported on Tuesday, citing people familiar with the matter.
Tribe, whose portfolio included FTX ahead of its dramatic collapse in November, is considering leading a $250 million fund raise, with a $100 million commitment from itself, according to the report. A source told Bloomberg that Tribe Capital co-founder Arjun Sethi met with FTX’s official committee of unsecured creditors in January to go over an informal proposal. Open / Comment