Bitcoin + Ethereum and NFTs News 📲

🏦 Kraken considers delisting USDT in Europe due to MiCA rules Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.” The EU’s regulatory landscape is set to change when the EU’s Markets in Crypto-Assets (MiCA) guidance comes into effect in July. MiCA will require companies that issue fiat-backed stablecoins, such as Tether, to register as electronic money institutions (EMIs) and meet other requirements. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🏦 Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by market capitalization, is 0.91% higher over the past 24 hours. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🪙 MakerDAO founder says fully decentralized 'PureDai' will launch in few years MakerDAO founder Rune Christensen said a future token, PureDai, will serve as a fully decentralized alternative to its U.S. dollar-pegged stablecoin. Known as PureDai, the stablecoin will operate exclusively on the Ethereum mainnet and use ether and Lido staked ether (stETH) as collateral backing — fully relying on decentralized oracles. It will also have a free-floating peg, meaning the decentralized stablecoin may not be pegged to the dollar. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🇰🇵 North Korea-linked group used Tornado Cash to launder $147 million in crypto: Reuters North Korea laundered nearly $150 million in stolen cryptocurrencies with Tornado Cash in March, Reuters reported, citing United Nations sanctions monitors. North Korean cybercriminals deposited the ill-gotten funds, worth $147.5 million, onto the privacy-preserving in a bid to throw law enforcement off its tracks, the monitors said Friday in a note to the U.S. Security Council sanctions committee. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🪙 Filing shows SEC potentially considering ETH a security in likely ETF denials, analysts say Van Buren Capital General Partner Scott Johnsson unearthed Tuesday an overlooked detail in a March filing, resurfacing the suggestion that the U.S. Securities and Exchange Commission may consider ether a security ahead of expected spot exchange-traded fund denials this month. “The obvious purpose is to potentially deny on the basis that these spot filings are improperly filed as commodity-based trust shares and do not qualify if they are holding a security,” Johnsson added. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

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⬜️ OKX officially launches crypto exchange in Australia OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia can also deposit and withdraw AUD through most Australian banks to gain access to a total of 85 crypto tokens, or 170 crypto spot pairs. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🇺🇸 US senators challenge DOJ’s broad definition of crypto money transmitters Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🇯🇵 Japan’s Metaplanet adopts bitcoin as reserve asset amid yen slump Metaplanet Inc., a Tokyo-listed crypto investment and consulting firm, has adopted bitcoin as its strategic treasury reserve asset in response to the persistent economic adversity in Japan. “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen,” the company said Monday in a release. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🏦 Coinbase can't force the 🇺🇸 SEC to write new rules, SEC argues in new brief The SEC has filed a new form arguing that Coinbase's petition to order the agency to develop a new regulatory system for crypto "from the ground up" should be denied. "The Commission’s determination that the rulemaking Coinbase seeks is currently unwarranted was both reasonable and reasonably explained," the SEC said, in a case before the U.S. Third Circuit Court of Appeals. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts