Cryptostreet

  The new regulation is coming and it is rather bad in terms of privacy. In order to prevent money laundering and terrorist financing, all transactions from and to central service providers should be monitored, starting with the first euro. This is intended to close all gaps, as stated in a press release . If a transaction with cryptocurrencies reaches or exceeds the value of €1,000, the service provider must also ensure that the wallet also belongs to the respective customer. This entails additional controls and is intended to clearly identify the beneficial owners in this way. The only exceptions to this are transfers between so-called unhosted wallets, which in principle affects all transactions between consumers or private individuals. Cat and mouse game continues The approach is well-intentioned, but the EU will not put an effective stop to crime. Recently, exchanges and brokers have been using technology to monitor the blockchain and are wary of doing business with addresses ...

  Bitcoin has been fighting to maintain the $ 20,000 mark since Wednesday night. It dipped below $20,000 several times throughout the night, but was always able to recover briefly. It is currently fluctuating between 19,000 and 20,000 US dollars (as of 7:52 a.m.). The market capitalization is around 380 billion US dollars. In the past few weeks, digital gold has fallen below the important $20,000 mark several times. The reasons for the current downturn are manifold: war in Ukraine, inflation, interest rate hike, energy crisis, waves of bankruptcies in cryptospace. Over the past week, some institutional investors have rushed to liquidate their positions in Bitcoin , particularly in Canada. In the downturn, Bitcoin's biggest owner Michael Saylor struck again: for $10 million. The $20,000 mark is considered important critical support. A current market analysis can be found here . Overall, Bitcoin fell 70 percent from its all-time high in October 2021. My Top Picks Honeygain - Passive...

  Jacobi Asset Management has announced that it will launch a European spot bitcoin ETF in July. The exchange traded fund will be called Jacobi Bitcoin ETF and will be listed on Euronext Amerstdam. European institutional and professional investors will be able to invest in Bitcoin through the ETF for an annual management fee of 1.5% under the symbol BCOIN . Why a Spot Bitcoin ETF? Founded in 2021, Jacobi Asset Management is led by CEO Jamie Khurshid, a former Goldman Sachs investment banker. The company consists of "a diverse team of blockchain, technology, investment and regulatory professionals" with a history in digital wealth management. Khurshid commented that the ETF "will allow investors to access the underlying performance of this exciting asset class through an established and trusted investment structure." Jacobi aims to “make investing in digital assets easier and more familiar for institutional and professional investors.” According to Jacobi, Fidelity D...

  Crypto providers will be forced to provide information on all digital asset transactions. This has been reached by the European Parliament and Council in a tentative agreement, despite backlash from the industry. The so-called Transfer of Funds Regulation (TFR) aims to strengthen anti-money laundering requirements to ensure crypto transfers can be tracked and suspicious transactions blocked. With this decision, exchanges must receive information and personal data on all crypto transfers, regardless of size, and make this information available to authorities upon request. This is also necessary for so-called unhosted wallets when they interact with exchanges for transactions over 1,000 euros. Unhosted wallets are services that are not managed by a licensed exchange or service provider. More than 40 crypto firms had sent a letter to EU finance ministers in April protesting the rule. They said it violates users' privacy and security. The companies included exchanges such as Coinbase...

 What is Cardano ? Cardano is a cryptocurrency developed in 2017. The blockchain network emerged as a project for which Ethereum co-founder Charles Hoskinson is responsible. Cardano uses the modern Proof-of-Stake consensus mechanism and is characterized by a combination of decentralization, scalability and security. Cardano's network token is the ADA . Cardano will be further developed in several steps using scientific methods. This approach makes Cardano one of the most technically advanced blockchains on the market. Cardano has developed an extremely large fan base over the years. How has the ADA price moved in the last few months? The ADA price reached its all-time high of over 3 dollars in September 2021. As a result, the ADA token fell continuously. Even before the Bitcoin bear market that started in November, we saw losses on Cardano. That was because cryptocurrencies like Solana and Avalanche received more attention as direct competitors in the fourth quarter. Then, since No...