Provident Financial News

The European Union Parliament has passed into law its MiCA act, and big-time industry player and CEO of Binance Changpeng Zhao is raising support following the new crypto regulations.

A major ETF provider hopes the grass will get greener for climate-related funds in the United States.

Following an industry-wide decline, popular Dogecoin killer Shiba Inu is enduring a rough week with a 3.3% price slump in the last 24 hours.

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

Despite an ongoing legal tussle with US authorities, Winklevoss Twins-owned crypto exchange Gemini has announced the launch of a crypto derivatives platform. 

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

Binance's BNB Chain has taken a proactive step to help users in their investment research by updating its red alarm list to include 191 high-risk projects and decentralized applications (DApps). The list, which is updated every Friday, is based purely on smart contract assessment and includes projects that are suspected of issuing fake tokens, having high or opaque tax fees, or simply because their websites or Twitter handles don't work.

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

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The metaverse represents a digital realm meticulously designed to fuse our physical existence with the virtual world, fostering a vibrant community where individuals can engage, collaborate, transact, and unwind.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The price of Render (RNDR) has fallen by 12% today, dropping to $1.80 following a very profitable couple of weeks for the utility token.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The XRP price has fallen by 4.5% in the past 24 hours, dropping to $0.471535 as the cryptocurrency market as a whole declines by 2%.

The European Parliament approved sweeping powers to regulate the cryptocurrency industry, aiming to prevent money laundering and improve supervision and consumer protection.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Lawmakers in the European Parliament have approved the world's first comprehensive package of rules aimed at regulating the cryptocurrency industry.

The metaverse's surging growth has seen a landscape of adoptions in the crypto and gaming sphere as projects seek to leverage untapped potential estimated to be worth $824.53 billion by 2030. 

The world's first comprehensive regulation for the crypto sector, MiCA requires firms in the sector to obtain a license in order to offer their services in the bloc and to meet money laundering and terrorist financing rules."Significant" service providers will also have to disclose their energy consumption in order to tackle the sector's carbon footprint.A separate vote of 529-29 waved through Transfer of Funds regulation, requiring crypto firms to identify their customers.MiCA will now be introduced in phases, beginning next July.EU financial services commissioner Mairead McGuinness called on other parts of the world to follow the EU's lead, adding: "We believe had FTX been captured under the EU's jurisdiction, many of its practices would not have been permissible under MiCA." Anna Carrier, legal consultant at Norton Rose Fulbright warns that firms will need to take swift action: "With a relatively short implementation timeframe and a need for technical secondary legislation to be developed before MiCA becomes applicable, the industry faces some busy months ahead."

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Binance could face punishment in Brazil for allegedly failing to respond to an order to stop selling crypto derivatives.