Is Eu The New China?!
With the bear market in full swing, all eyes are on the regulation being passed worldwide. The next cycle could fundamentally be driven by proposed and passed framework, so is this new regulation recently proposed by the US and the EU a help or a hinderance to crypto users worldwide?
Michael Saylor’s MicroStrategy Purchased Another $10M of Bitcoin Over Past Two Months
MicroStrategy (MSTR) on Wednesday morning said it purchased 480 bitcoins for about $10 million – an average price of $20,817 per coin – during the period from May 3 to June 28. The new additions bring company holdings to 129,699 bitcoins.
US regulators move forward with crypto laws
Last week, the Financial Times reported that U.S. SEC Chairman Gary Gensler has been communicating with his counterparts at the Commodities Futures Trading Commission (CFTC), in order to promote security and transparency for investors who trade crypto assets. Gensler’s recent moves suggest he sees the handwriting on the wall and is preparing for the day when the SEC and CFTC will be working together more closely.
EU agrees rules to regulate ‘crypto Wild West’ with new regulation
The EU Parliament, EU Council and EU Commission have reached provisional agreement to regulate what one of its lawmakers, Ernest Urtasun, termed the ‘crypto Wild West’. An anti-money laundering body is closer to formation following the agreement and EU officials had also reached a provisional political agreement on the Transfer of Funds Regulation, which will oblige crypto-assets service providers (CASPs) in the EU to collect data on transactions with unhosted wallets.
WWOC: Bored Ape Resteraunt No Longer Taking Crypto Payments
The Bored and Hungry restaurant in Los Angeles has gone back to accepting good old fashioned US dollars as its sole currency after initially priding itself on being the first eatery to accept digital currencies.
What we cover in this episode
- MicroStrategy Purchased 480 Bitcoins over the Past Two Months
- SEC and CFTC work closer together on tackling Crypto Regulation
- EU agrees rules to regulate ‘crypto Wild West’ with new regulation
- WWOC: Bored Ape Restaurant No Longer Taking Crypto
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