Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Ukraine Plans to Adopt EU’s New Cryptocurrency Regulations

Cointime Official

Top Stories

EU Tightens Grip on Crypto: Self-Hosted Wallets Face New Rules for €1000+ Transfers

The European Parliament has approved the first-ever EU legislation for tracking crypto-asset transfers, aiming to deter money laundering and establish standard supervision and consumer protection guidelines. Crypto transfers will now be subject to the “travel rule,” mandating transaction information, including the source and recipient of the asset, be documented and stored on both ends of the transfer. Transactions over €1000 involving self-hosted wallets interacting with hosted wallets overseen by crypto-asset service providers will also be affected. 

Tron’s $60B Goal in Sight As Stablecoin Dominance Surges

The dominance of the Tron (TRX) stablecoin has reached a new high of 33.9%, largely due to the rising supply of Tether USDT, according to DeFiLlama data. The Tron stablecoin market is valued at $44.52 billion, with USDT accounting for 95% of the stablecoins on the network. Justin Sun's goal is to increase the Tron stablecoin market to $60 billion before the end of the year. 

Ukraine Plans to Adopt EU’s New Cryptocurrency Regulations

Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament.

Ripple Processes $30B in 20M Transactions Within 70 Payout Markets

Ripple has processed nearly $30 billion in up to 20 million transactions using its global proprietary payments solution, RippleNet, since its launch. This was disclosed in a quick guide on how companies can streamline Treasury payments with RippleNet. Ripple's payments solution promises a broad range of offerings to help facilitate more efficient treasury flows for businesses, including access to Ripple's extensive global network. 

Abu Dhabi's Financial Free Zone Proposes Legal Framework for Decentralized Economy

The Abu Dhabi Global Market's (ADGM) Registration Authority is seeking feedback on its proposed legislative framework for distributed ledger technology (DLT), targeting disclosures, liquidation, and governance structures. The proposed "DLT Foundations Regulations 2023" aims to set up a tailored legislative framework that considers "features of foundations that might be attractive to developers of DLT projects," which include decentralized autonomous organizations (DAO). 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $28,245.29 USD, dropped by 1.94% in the last 24 hours;

ETH’s live price is $1,918.92 USD, dropped by 2.58% in the last 24 hours;

BNB’s live price is $328.45 USD, jumped by 0.69% in the last 24 hours;

XRP's live price is $0.4693 USD, dropped by 4.69% in the last 24 hours.

Fundraising News

Stronghold Digital Mining Announces $10 Million Private Placement to Fund Purchase of Bitcoin Miners

Stronghold Digital Mining, Inc. (NASDAQ: SDIG) has entered into securities purchase agreements with an institutional investor and the company's CEO, Greg Beard, to sell 9,000,000 shares of Class A Common Stock and share equivalents to the institutional investor and 1,000,000 shares of Class A Common Stock to Mr. Beard, at a price of $1.00 per share equivalent.

iZUMi Finance Completes $22 Million Financing

One-stop liquidity-as-a-service DeFi protocol iZUMi Finance has announced the completion of a $22 million financing round. iZUMi Finance raised the funds through a series of products known as iZUMi zk-Fund, which were issued through Solv Protocol's latest paradigm protocol, Solv V3, in collaboration with strategic partner Solv Protocol. The financing round received support from funds and individual investors including Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, and others, raising a total of $22 million worth of mainstream digital currency assets such as ETH, stETH, USDC, and USDT.

Playbux Has Closed a $2 Million Seed Funding Round Led by Binance Labs

Playbux, a blockchain-based e-commerce metaverse platform, has closed a $2 million seed funding round led by Binance Labs with participation from Gate.io, Tron, CertiK, Ankr, IMO Ventures, LIF, Math Wallet and OFR.

HypeSaints Has Raised a Million-Level Seed Round, Led by Find Satoshi Lab and ProDigital Future Fund

HypeSaints has raised a million-level seed round, led by Find Satoshi Lab and ProDigital Future Fund, with participation from Initiate Capital , Adaverse Accelerator , and more independent investors.

Bitcoin Bitcoin $61,875.73
-1.06%
Bitcoin miners Gate.io Certik Justin Sun Ukraine MiCA Ripple
Comments

All Comments

Recommended for you

  • Bitcoin native application platform Arch developer completes $7 million seed round of financing, led by Multicoin Capital

    Bitcoin native application platform Arch developer Arch Labs announced the completion of a $7 million seed round of financing, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent.

  • Tokenization platform AgriDex completes $5 million Pre-Seed round of financing

    AgriDex, a tokenization platform on the Solana blockchain, announced the completion of a $5 million Pre-Seed round of financing, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive, Hank Oberoi. It is reported that AgriDex is expected to launch its platform and token, AGRI, in the third quarter of this year. According to its white paper, AgriDex has reserved 5% of the total token supply, or 50 million tokens out of 1 billion tokens, for airdrops.

  • UXUY Completes $7 Million Pre-A Round of Financing, with Investments from Binance Labs, Bitcoin Magazine, and Other Institutions

    UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of a $7 million Pre-A round of financing. Since its establishment, its total financing amount has exceeded $10 million. UXUY is an important builder of the Bitcoin ecosystem, and more than 100,000 traders use Bitcoin Lightning Network services through UXUY. UXUY's current round of financing has received investment from well-known institutions in Asia, North America, and Europe, such as Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, and GSR. The funds raised by UXUY in this round will be used for the construction of the Bitcoin ecosystem infrastructure, and will be committed to promoting the efficient and low-cost trading of Lightning Network Taproot Assets, Ordinals BRC-20, Runes, and other assets. Jordan, co-founder of UXUY, said: "We are pleased to be strategic partners with all investors! This year, we have successfully built a bridge between the Bitcoin Lightning Network and the multi-chain ecosystem. UXUY will continue to promote the use cases and popularization of the Lightning Network in trading scenarios, and make more contributions to the Bitcoin ecosystem." According to RootData, a Web3 asset data platform, UXUY is a next-generation decentralized multi-chain trading platform based on MPC wallets. UXUY actively participates in the construction of the Bitcoin Layer2 ecosystem, fully integrates into the Bitcoin Lightning Network and Taproot ecosystem, provides Lightning Address DID services to users, and becomes an important bridge connecting the Bitcoin and Ethereum ecosystems. As a decentralized multi-chain trading platform, UXUY provides immediate cross-chain trading services for Coin, Token, and Inscription among public chains through the establishment of uPool.

  • Taiwan's administrative agency passed four new anti-fraud laws to bring cryptocurrency traders under control

    It was announced that Taiwan's administrative management agency has passed the "New Anti-Fraud Law" to regulate cryptocurrency traders. In the future, businesses or individuals providing virtual asset services or third-party payment services must complete anti-money laundering measures and register their services or log in. Failure to do so may result in a maximum of 2 years in prison or a fine of up to NT$5 million. Businesses or individuals outside of Taiwan providing virtual asset or third-party payment services must register their companies or branches according to company law and complete anti-money laundering measures and service registration or login. Otherwise, they are not allowed to provide virtual asset services or third-party payment services in Taiwan. Qiu Shuzhen, the deputy chairman of Taiwan's financial regulatory agency, stated that there are currently around 60 to 70 cryptocurrency traders in the market, of which 25 have passed the anti-money laundering review by the financial regulatory agency. In the future, all traders will be required to declare and undergo review, and a cryptocurrency traders' association will be established for legal, administrative, and association management. Accounting professionals will also be enlisted to assist with internal control.

  • EigenLayer TVL falls back to $14.794 billion

    According to DefiLlama data, the total value locked (TVL) in Ethereum's re-staking protocol EigenLayer has fallen below $15 billion, currently at $14.794 billion.

  • The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs

    The European Securities and Markets Authority (ESMA) is consulting with the investment product advisory industry and experts on whether cryptocurrency assets should be included. This move could open up a broader market for cryptocurrencies, far exceeding the market size of spot Bitcoin ETFs. The plan aims to expand the scope of UCITS (EU Transferable Securities Collective Investment Scheme), with the UCITS market reaching as high as €12 trillion. If successful, this would be a key step in mainstreaming cryptocurrency assets in Europe.

  • SlowMist: The hacker who stole 1,155 WBTC may be from Hong Kong

    According to SlowMist analysis , the IP address associated with the theft of 1155 WBTC has been traced to Hong Kong (VPN use cannot be ruled out). Earlier reports indicated that a certain address was suspected to be a victim of phishing attacks and lost 1155 WBTC, worth 71 million USD. Subsequently, the fraudsters sold all 1155 WBTC and exchanged them for 22960 ETH, and used a large number of wallet addresses to send and launder the funds.

  • Cointime April 27th News Express

    1. ETH falls below $3,100

  • Justin Sun has deposited 166 million USDT to Binance in the past 7 hours

    According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance.

  • Justin Sun redeemed 85.53 million USDT from JustLend 4 hours ago and immediately transferred it to Binance

    As monitored by on-chain analyst Yu Jin, 4 hours ago, Sun Yuchen's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company