TL;DR Breakdown eToro has received approval from the Cyprus Securities and Exchange Commission to register as a Crypto Asset Service Provider in Europe. This development precedes the establishment of the Markets in Crypto-Assets Regulation, due in December 2024. The MiCA-approved registration enables eToro to offer a range of cross-border crypto asset services as part of a diversified portfolio across the EU.   Description The Cyprus Securities and Exchange Commission (CySEC) has approved crypto-friendly trading and investment platform eToro to register as a Crypto Asset Service Provider (CASP) in Europe. This approval marks a significant step for eToro, positioning it to offer regulated crypto services across the European Union (EU). The development comes ahead of establishing the region’s Markets … Read more The Cyprus Securities and Exchange Commission (CySEC) has approved crypto-friendly trading and investment platform eToro to register as a Crypto Asset Service Provider (CASP) in Europe. This approval marks a significant step for eToro, positioning it to offer regulated crypto services across the European Union (EU). The development comes ahead of establishing the region’s Markets in Crypto-Assets Regulation (MiCA)…

TL;DR Breakdown PancakeSwap, a decentralized crypto exchange, has integrated Transak as a third-party provider in its “buy crypto” feature, offering users over 20 different payment options and access to nine cryptocurrencies across seven blockchains. Transak aims to simplify the entry into the crypto world by providing diverse payment methods and ensuring local compliance, aligning with PancakeSwap’s goal to make decentralized finance more accessible. The partnership is expected to attract new users and provide a more seamless trading experience, as PancakeSwap also plans to roll out additional features and improvements in the coming months. Description PancakeSwap, a decentralized crypto exchange, has expanded its “buy crypto” feature by integrating Transak, a global cryptocurrency onramp platform. This recent stride adds Transak to the list of third-party providers like Mercuryo and Moonpay, previously available for this feature. Consequently, PancakeSwap users now have broader options when shopping for crypto.  According to crypto analytics platform … Read more PancakeSwap, a decentralized crypto exchange, has expanded its “buy crypto” feature by integrating Transak, a global cryptocurrency onramp platform. This recent stride adds Transak to the list of…

TL;DR Breakdown The UK’s Financial Conduct Authority has warned unregistered crypto firms. Despite extensive efforts by the FCA, only 24 out of over 150 firms responded to a survey. The FCA has also outlined expectations for businesses supporting unregistered crypto asset firms.   Description The UK’s Financial Conduct Authority (FCA) has warned unregistered crypto firms sternly, highlighting their apparent lack of engagement with the impending financial promotions regime. The regulatory body expressed significant concerns, particularly regarding overseas crypto asset firms catering to UK customers who would prefer to interact with the FCA. The FCA revealed that, despite rigorous efforts, … Read more The UK’s Financial Conduct Authority (FCA) has warned unregistered crypto firms sternly, highlighting their apparent lack of engagement with the impending financial promotions regime. The regulatory body expressed significant concerns, particularly regarding overseas crypto asset firms catering to UK customers who would prefer to interact with the FCA. The FCA revealed that, despite rigorous efforts, a mere 24 firms responded to a survey dispatched to over 150 firms. This lack of engagement raises serious questions about the readiness…

TL;DR Breakdown Binance announced plans to delist stablecoins for the European market by June 2024, following the introduction of the MiCA legislation. MiCA, a major European crypto regulation, aims to implement stablecoin laws by 2024. Marina Parthuisot of Binance stated that no stablecoin projects have been approved, hinting at a potential delisting in Europe. Description Binance outlined a Thursday consultation with the European Banking Authority, revealing plans to delist stablecoins for the European market by June 2024. This announcement comes after the newly passed Markets in Crypto Assets (MiCA) legislation, a pivotal piece of European crypto regulation. The legislation, set to implement stablecoin laws by June 2024, has spurred Binance … Read more Binance outlined a Thursday consultation with the European Banking Authority, revealing plans to delist stablecoins for the European market by June 2024. This announcement comes after the newly passed Markets in Crypto Assets (MiCA) legislation, a pivotal piece of European crypto regulation. The legislation, set to implement stablecoin laws by June 2024, has spurred Binance to consider compliance seriously. Marina Parthuisot, Binance France’s director of legal, conveyed…

TL;DR Breakdown Diagonal ETH options trade, $15 million notional value, raises eyebrows. Whales centralize $100M ETH options motives still unclear. The cryptocurrency market experiences unprecedented activity; experts ponder potential outcomes. Description In an astonishing turn of events within the cryptocurrency options market, significant trading activity involving Ethereum (ETH) options has taken place in the past hour, attracting attention from investors and experts alike. This whirlwind of activity centers on a complex strategy known as a diagonal spread, with 4,500 sets of sell ETH-28JUN24-4000-C and buy ETH-29MAR24-1900-C … Read more In an astonishing turn of events within the cryptocurrency options market, significant trading activity involving Ethereum (ETH) options has taken place in the past hour, attracting attention from investors and experts alike. This whirlwind of activity centers on a complex strategy known as a diagonal spread, with 4,500 sets of sell ETH-28JUN24-4000-C and buy ETH-29MAR24-1900-C options being exchanged. Remarkably, this colossal diagonal spread block trade boasts a staggering notional value of up to $15 million. What makes this situation all the more remarkable is the dominance of long-term options expiring in…

TL;DR Breakdown The Authors Guild v. OpenAI lawsuit has taken a new turn after GOT creator George Martin joined the plaintiffs. AI’s impact on authors and the content creation industry. Description In a significant legal development, the Authors Guild, alongside thirteen prominent authors, has initiated a class-action lawsuit against OpenAI. The suit, filed in the Southern District of New York, alleges that OpenAI used copyrighted works without authorization as part of the training data for its large language model, ChatGPT. The Authors Guild and the plaintiffs … Read more In a significant legal development, the Authors Guild, alongside thirteen prominent authors, has initiated a class-action lawsuit against OpenAI. The suit, filed in the Southern District of New York, alleges that OpenAI used copyrighted works without authorization as part of the training data for its large language model, ChatGPT. The Authors Guild and the plaintiffs aim to curb the unauthorized use of their copyrighted materials and address concerns about how ChatGPT was used to impersonate specific authors and create “low-quality” ebooks. GOT creator joins Authors Guild’s lawsuit against OpenAI Among the…

TL;DR Breakdown US presidential candidate Vivek Ramaswamy has unveiled his crypto policy agenda. Shifting crypto policies in the right direction in America. Description US Presidential candidate Vivek Ramaswamy made a significant announcement during his appearance at Messari’s Mainnet crypto conference, unveiling plans to develop a comprehensive crypto policy framework ahead of Thanksgiving. In a fireside chat with Messari CEO Ryan Selkis, Ramaswamy offered insights into his stance on cryptocurrencies, recent SEC rulings, and the role of crypto in … Read more US Presidential candidate Vivek Ramaswamy made a significant announcement during his appearance at Messari’s Mainnet crypto conference, unveiling plans to develop a comprehensive crypto policy framework ahead of Thanksgiving. In a fireside chat with Messari CEO Ryan Selkis, Ramaswamy offered insights into his stance on cryptocurrencies, recent SEC rulings, and the role of crypto in disrupting traditional finance. US presidential candidate criticizes regulatory agencies The US presidential candidate’s vision for crypto regulation leans towards a hands-off approach, and he didn’t hold back in his criticism of regulatory agencies, which he referred to as the “unconstitutional fourth branch of government.”…

TL;DR Breakdown Unclaimed Freight Productions and Randall Miller embrace Web3 for the animated production of Bottle Shock – a 2008 movie with a wine tale. The film’s budget totals $1.5M, crowdfunded through Funded (a decentralized crowdfunding platform developed on the Internet Computer blockchain), and acceptable in Ethereum. Funded uses an “all-or-nothing” model of crowdfunding to secure project creators and backers and guarantee the success of every project. There are NFT benefits to funding this project and so much more – read on!! Description Web3 embrace has taken the stage once more with the famous Bottle Shock. Unclaimed Freight Productions and Randall Miller are back with an ambitious project: to adapt the adored Sundance hit “Bottle Shock” starring Alan Rickman, Chris Pine, and Bill Pullman into an animated musical spectacle. The esteemed 2008 film will be reimagined as a … Read more Web3 embrace has taken the stage once more with the famous Bottle Shock. Unclaimed Freight Productions and Randall Miller are back with an ambitious project: to adapt the adored Sundance hit “Bottle Shock” starring Alan Rickman, Chris Pine, and…

TL;DR Breakdown Australian regulator ASIC has commenced legal proceedings against Bit Trade over crypto margin trading. Regulatory scrutiny in Australia’s crypto industry. Description The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. The lawsuit alleges that Bit Trade failed to meet design and distribution obligations for one of its trading products, a margin trading offering. According to ASIC’s statement released on September 21, the … Read more The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. The lawsuit alleges that Bit Trade failed to meet design and distribution obligations for one of its trading products, a margin trading offering. According to ASIC’s statement released on September 21, the financial regulator asserted that Bit Trade did not create a target market determination before making its margin trading product available to Australian customers. ASIC said the firm refused to follow legal requirements According to ASIC, the design and distribution obligations are legal requirements imposed…

TL;DR Breakdown Alchemy Pay has obtained its first Money Transmitter License in the U.S., specifically in the state of Arkansas, allowing it to offer crypto-to-fiat transactions among other financial services. The Singapore-based firm, which already operates in 173 countries, is also in the process of securing similar licenses in other U.S. states as part of its global expansion strategy. This development follows Alchemy Pay’s recent collaborations with Mastercard and Visa, and the company aims to further bridge the gap between fiat and crypto economies. Description In a significant move towards expanding its global footprint, cryptocurrency payment gateway Alchemy Pay has been granted a Money Transmitter License in the state of Arkansas. The license, issued by the Arkansas Securities Department on September 13, allows the Singapore-based firm to offer a range of financial services, including crypto-to-fiat transactions, in the state. A … Read more In a significant move towards expanding its global footprint, cryptocurrency payment gateway Alchemy Pay has been granted a Money Transmitter License in the state of Arkansas. The license, issued by the Arkansas Securities Department on September 13,…