The Daily Edge | 4.20.22

Matt Brienen
December 13, 2022
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Lawmakers in the European Parliament have approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. In a vote Thursday, the EU Parliament voted 517 in favor and 38 against to pass the Markets in Crypto Act, or MiCA. The legislation, which seeks to reduce risks for consumers buying crypto assets, will mean providers can become liable if they lose investors’ crypto-assets. The rules will impose a number of requirements on crypto platforms, token issuers and traders around transparency, disclosure, authorization, and supervision of transactions, the EU Parliament said in a statement Thursday. Platforms will be required to inform consumers about the risks associated with their operations, while sales of new tokens will also come under regulation.
Coinbase has scored a license to operate in Bermuda and it's reportedly set to launch an exchange there as soon as next week.
The substantive parts of the Voyager-Binance.US sale deal could be allowed to proceed even before a legal appeal is worked through, court filings made Wednesday suggest, as concerns rise that the buyer could pull out. The document says the U.S. government has now agreed that the bulk of Binance US's billion deal to purchase assets of the bankrupt crypto lender can proceed, despite concerns that the fine print of the contract would pardon breaches of tax or securities law.
Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, announced today that none of their $321,000,000 Bitcoin (BTC) was sold in the first quarter of 2023. The company did not buy or sell any of its Bitcoin, according to its Q1 Update.
Ethereum Name Service, or ENS, will allow users to buy .eth domain names with fiat currency using MoonPay. The company indicated that this removes one of the technical roadblocks that come with setting up a crypto wallet and paying with ether. MoonPay, a crypto payment services provider, allows users to pay with debit or credit, Apple Pay and Google Pay. Additionally, it “accepts 43 local currencies and is in over 160 countries,” according to the press release.
$ETH / $BTC Has actually traded so perfectly. Looking for green box at least to then maybe prefer ETH again. A break of that long diagonal trend would be ideal.  

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