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The European Union was nearing the originally scheduled date for implementing the legislation required for a digital euro, slated for June 28th, just over a week from today, June 20th. 

Amid the ongoing legal proceedings surrounding the collapse of Singaporean crypto hedge fund Three Arrows Capital (3AC), the co-founder Kyle Davies is facing potential contempt of court charges. 

The company has failed in its bid to secure a virtual asset service provider (VASP) license in the Netherlands.It is not accepting new users with immediate effect and, from 17 July, existing users will not be able to make purchases, trades or deposits.Binance stresses that it is already compliant with EU standards on the prevention of money laundering and financing of terrorism as evidenced by its registrations in other EU countries, including France, Italy, Spain, Poland, Sweden and Lithuania.However, according to CoinDesk, it is facing money laundering troubles in France, where the authorities are investigating the firm.The probe relates to Binance potentially illegally operating as a digital asset service provider before it received regulatory approval last May.In addition, prosecutors tell CoinDesk, the investigation concerns possible "aggravated money laundering by taking part in investment operations, concealment and conversion, the latter being carried out by perpetrators of offenses having generated profits".In the US, the SEC has sued Binance and its CEO Changpeng Zhao, alleging a host of securities law violations and accusing the world's largest crypto exchange of engaging in an "extensive web of deception".

The recent significant drop of over 5% in Bitcoin's price has raised concerns among investors and traders. 

A country in Western Europe, Luxemburg, is making moves amid actions by individual jurisdictions in the European Union for dedicated crypto regulations. 

In a swift turn of events, Bitcoin's value dipped nearly 2.50% in today's cryptocurrency market, causing a significant stir among investors and stakeholders. 

The US debt ceiling has been one of the hottest topics in crypto over the past few weeks. 

TradeBlock, which was acquired by DCG's CoinDesk in 2020 before being spun out, will be closed own at the end of May.DCG posted a $1.1 billion loss for 2022 as it faced up to the crypto winter and specifically the collapse of Three Arrows Capital, for which it was the largest creditor.The group's broker unit Genesis also went bankrupt listing debts of around $3.5 billion.

A Singapore court has granted the restraining order request by Three Arrows Capital (3AC) co-founder Su Zhu against BitMEX co-founder Arthur Hayes. 

In this Bitcoin price prediction, we'll explore the possibility of bulls targeting the $30,000 level and discuss whether the recent momentum could signal the end of the bear market. With the cryptocurrency market witnessing a resurgence in optimism, it's essential to assess the underlying factors contributing to these trends and consider the potential outlook for Bitcoin's price trajectory.

Major Wall Street investment bank JPMorgan is moving forward with its push to tokenize traditional financial assets despite last year’s market downturn.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Cryptocurrency broker Coinbase could leave the US — where it is one of the few large publicly traded digital asset businesses — if regulatory clarity for the sector doesn't improve, its CEO said.

The EU’s new regulatory framework for crypto known as MiCA is expected to be debated in the European Parliament on Tuesday or Wednesday next week, with a final vote expected to follow one day later.

Crypto watchers are setting their sights on Etherum this week, as the currency undergoes an upgrade that some think could have a negative impact on the price of the coin, at least in the short term.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

The e-commerce giant Amazon has officially jumped on the NFT bandwagon, an email sent out to at least one customer suggests.

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The pilot, with participation from 13 banks, will kick off in April, involving P2P and retail payments, according to local news agency TASS. Central bank first deputy chairman Olga Skorobogatova told reporters that, while the pilot will involve real payments, it will be for a limited number of transactions and customers. Russia had planned to begin testing a digital ruble in 2021, but put back the project in the face of concerns from banks that it could make the banking system more centralised, according to CoinDesk.