#MICA News

SOTM July 18-24, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 182nd issue of State of the Market, where we provide an overview of crypto market activity from July 18-24, 2024. ETH ETFs Launch: Nine Ethereum ETFs debut…

Stablecoin Market Cap Surge to $164B after Year-Long Strain

coinspeaker.com Coinspeaker Stablecoin Market Cap Surge to $164B after Year-Long Strain The stablecoin market has seen a resurgence after several months of staying stagnant. The sudden…

Sygnum Posts Profit, Doubles Crypto Trading, Derivatives Up 500%

thedefiant.io Crypto bank Sygnum has posted its first-half profit in July 2024 amid plans for MiCA-compliant EU expansion Crypto bank Sygnum has posted its first-half profit in July 2024…

Crypto bank Sygnum posts first-half profit amid plans for MiCA-compliant EU expansion

theblock.co Sygnum saw a two-fold increase in crypto spot trading, a 500% rise in crypto derivatives trading and more than a 360% increase in lending volumes in the first half of 2024…

Trump’s courting of the crypto industry could spell trouble for Europe

politico.eu Trump’s courting of the crypto industry could spell trouble for Europe Trump’s about-turn on crypto-assets — and his pick of crypto-evangelist running mate JD Vance —…

Swiss Banks Replacing US Banks For Crypto Payments After FTX Collapse

coingape.com In the aftermath of the collapse of several crypto-friendly banks in the US, Swiss banks are stepping in to fill the void. These banks are now offering innovative solutions…

Crypto Regulations in Portugal 2024

coinpedia.org The post Crypto Regulations in Portugal 2024 appeared first on Coinpedia Fintech News Portugal is one of the oldest European countries. It was established as early as 1143.…

How a Republican Senate would speed up stablecoin ambitions in US

dlnews.com A version of this story appeared in The Guidance newsletter on July 8. Sign up here. If the US Senate flips Republican in November, stablecoin laws will be a layup for the…

France’s shock election wins will upend crypto tax cuts, industry fears

dlnews.com The left party’s shocking win in the French parliamentary elections may lose France the competitive edge that helped build it into a crypto hub, experts fear. And the first…

Ripple Likely to Issue EUR Stablecoin Amid MiCA Restrictions, Experts Say

thecryptobasic.com Reputable figures in the XRP community believe that Ripple could be inclined to issue a Euro-based stablecoin amid MiCA regulatory restrictions. This idea was first floated…

Bybit Soars at CEO’s Keynote: 37 Million Users Strong, Leading the Charge in Web3 Evolution

cryptopotato.com [PRESS RELEASE – Dubai, United Arab Emirates, July 22nd, 2024] Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is celebrating explosive growth…

Solana Soars 4% as Meme Coins and Alts See an Uptick

decrypt.co The cryptocurrency market is abuzz with renewed optimism as Bitcoin (BTC) smashed through the $68,000 barrier on Sunday night, reaching a high of $68,486. This surge comes…

How Basel Committee’s latest ruling will affect Tether, USDC, other stablecoins

ambcrypto.com Many in the crypto community have criticized the amendments for favoring banks In recent months, regulatory authorities have expressed their position regarding various…

Stablecoins at 10: From right place, wrong time, to right place, right time

cryptoslate.com The following is a guest post from Vincent Chok, CEO of First Digital Group. On 21st July 2014, we witnessed the launch of the world’s first stablecoin, BitUSD. It was a…

EU releases crypto-asset classification tools to help firms comply with MiCA

cointelegraph.com EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to…

KPMG Partners with Cryptio to Boost Accounting and Reporting Practices for US Crypto Firms

cryptonews.com Leading accounting firm KPMG has partnered with Cryptio, a crypto accounting software provider, to assist crypto firms in the United States in adhering to Generally Accepted…

OKX GM: Brace for crypto M&A as EU’s licensing rules roll out

dlnews.com The EU’s new crypto regulation framework will see larger firms gobble up smaller ones as gaining a foothold in the bloc becomes more straightforward. The Markets in…

Ripple on the Verge of Buying Back $1.4B in Stock as IPO Looms: Brad Garlinghouse

thecryptobasic.com The Ripple CEO Brad Garlinghouse says Ripple is on the verge of buying back up to $1.4 billion in its own stock from investors, as IPO looms. Garlinghouse disclosed this…

Venga appoints Michael Stroev as CEO ahead of its all-in-one crypto app launch

coinjournal.net Venga appoints Michael Stroev as CEO to lead its all-in-one crypto app launch. Venga seeks to simplify web3 access with a user-friendly interface globally. Stroev has said…

OKX chooses Malta as MiCA hub to serve 450 million EU residents

cryptoslate.com Crypto exchange OKX selected Malta as its Market in Crypto-Assets (MiCA) hub to serve 450 million EU residents, according to a July 18 statement. The exchange highlighted…

Bank of International Settlements Implements Stricter Regulations on Stablecoins

coinspeaker.com Coinspeaker Bank of International Settlements Implements Stricter Regulations on Stablecoins The Bank for International Settlements (BIS) has introduced new regulations that…

OKX Chooses Malta as MiCA Hub for Compliance with EU Regulations

cryptonews.com Major crypto exchange OKX has selected Malta as its hub for Markets in Crypto-Assets (MiCA) compliance within the European Union. In a Thursday press release, the firm said…

OKX selects Malta as MiCA hub for EU crypto compliance

cointelegraph.com OKX selects Malta for its MiCA hub, leveraging its existing VFA Class 4 license and regulatory infrastructure for expanded EU crypto services.

OKX selects Malta as EU MiCA hub, plans EUR and USDC pairs under new framework

theblock.co Under MiCA, OKX said it plans to offer spot trading, in addition to buy, sell, convert and staking services to eligible EU residents.

BIS Releases New Requirements for Banks Looking to Hold XRP, Other Group 2 Assets

thecryptobasic.com The Bank for International Settlements (BIS) has released new requirements for banks looking to hold XRP and other Group 2 crypto assets. The BIS, which positions itself as…

Blockchain Friendly Roberta Metsola Reelected as EU Parliament President

coindesk.com None Roberta Metsola was reelected as the president of the European Parliament. • None She once called for crypto regulation to come when needed without stifling innovation…

Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends

coindesk.com Hong Kong's financial regulators said they plan to present a bill on fiat-referenced stablecoins to the Legislative Council later this year. The Financial Services and the…

Market Maker Flowdesk Doubled Down on the U.S. as Things Looked Bleak. Now That Bet Is Paying Off

coindesk.com Back in 2023, days before the U.S. Securities and Exchange Commission (SEC) began a second all-out assault on the crypto industry, and Chaumont said he planned to expand the…

Stripe Expands Crypto Services in Europe Amid ‘Progressive’ Regulation

bitcoinist.com According to the latest report from The Irish Independent, San Francisco-based financial services provider Stripe has now broadened its cryptocurrency support to Europe. The…

Stripe Enables Crypto Purchases for EU Clients Through Card Integration

cryptonews.com Stripe, the global payment processing giant and Coinbase partner, has announced a significant expansion of its cryptocurrency services into the European Union (EU). This…

Experts say these four factors are driving Bitcoin’s rally. Will it break $70,000 in July?

dlnews.com After a bearish start to the summer, Bitcoin is bouncing back in what analysts say is the start of a new rally. “The set up for the next leg higher for Bitcoin looks…

Stripe Now Allows Bitcoin Purchases for EU Customers

thecryptobasic.com Global payment processor Stripe has broadened its crypto integration to the European market, enabling customers to purchase Bitcoin and other crypto assets using their…

Bybit Applauds USDC’s MiCA Approval: A Catalyst for the European Crypto Market

cryptopotato.com [PRESS RELEASE – Dubai, United Arab Emirates, July 16th, 2024] Bybit, the world’s second-largest cryptocurrency exchange by trading volume, supports the recent approval of…

Stripe adds support for crypto purchases for EU clients: report

coinjournal.net Stripe has reportedly added support for Bitcoin and crypto purchases for its EU clients. Users can now buy crypto using Stripe-issued credit or debit cards. Stripe’s…

Circle CEO says EU’s MiCA crypto law ‘introduces a lot of bank risk’

dlnews.com Stablecoin issuer Circle hopes to see changes in future European Union’s Markets in Crypto-Assets regulation. “MiCA actually introduces a lot of bank risk,” Circle CEO…

BlackRock CEO Larry Fink calls Bitcoin a hedge against optimism

dlnews.com BlackRock CEO Larry Fink reiterated his belief in Bitcoin on Monday morning on CNBC. ”I’m a major believer that there is a role for Bitcoin in portfolios,” Fink said, adding…

Circle clears MiCA hurdle to become licensed stablecoin issuer in EU

dlnews.com Crypto firm Circle is now registered as an electronic money institution, giving it a key licence to issue stablecoins under the European Union’s one-day-old crypto assets…

How crypto firms are taking advantage of MiCA’s patchy roll-out

dlnews.com Stablecoin laws have already gone live, but EU countries are scrambling to comply with the rest of the bloc’s new crypto rulebook ahead of deadlines. The EU’s landmark…

Here’s the impact of MiCA regulations on the European crypto market

cryptoslate.com The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on the brink of a significant transformation with the…

Crypto ATM installations surging worldwide, near all-time record

dlnews.com The number of crypto ATMs available worldwide has reached 38,279, drawing near to the record high of 39,541 from December 2022, according to data from Coin ATM Radar. Almost…

Circle CEO Hints How AI and Crypto Ledgers Can Drive GDP Growth

coingape.com In the debate bordering on the factors that may drive the growth of US Gross Domestic Product (GDP), Circle CEO Jeremy Allaire has spotted the role of AI and crypto. Though…

Loses Ground on Centralized Exchanges, Down to 74% Market Share

cryptopotato.com Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand…

Circle: Non-Compliant Stablecoins Will Disappear from the EU

cybermen.news Circle has announced that stablecoins failing to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation will vanish from the market. This follows Circle becoming…

ESMA Reiterates MiCA Crypto Staking Laws Amid Controversy

coingape.com The European Securities and Market Authority (ESMA) announced an updated Q&A on certain guidelines including the provision of staking services under MiCA. This comes as…

Asset Manager DWS Plans to Release First EUR Stablecoin by 2025

coinspeaker.com Coinspeaker Asset Manager DWS Plans to Release First EUR Stablecoin by 2025 As per the latest industry reports, asset manager DWS is planning to launch the first regulated…

DWS to unveil Germany’s first regulated euro stablecoin

coinjournal.net DWS plans to have its euro-pegged stablecoin live by 2025. The €941 billion ($1.02 billion) assets management firm recently launched a new company called AllUnity that will…

DWS To Launch Germany’s First Regulated Euro Stablecoin by 2025

coinpedia.org The post DWS To Launch Germany’s First Regulated Euro Stablecoin by 2025 appeared first on Coinpedia Fintech News DWS, an asset management firm owned by Deutsche Bank, is…

DWS Unveils Plans for Germany’s First Regulated Euro Stablecoin by 2025

beincrypto.com DWS, an asset management firm owned by Deutsche Bank, is preparing to launch the first euro-denominated stablecoin regulated by Germany’s Federal Financial Supervisory…

DWS confirms plans to launch first regulated euro-backed stablecoin in 2025

cryptoslate.com Asset manager DWS is planning to launch the first regulated euro-denominated stablecoin in 2025 under a new joint venture firm called AllUnity, the firm’s CEO Stefan Hoops…