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EU commissioner McGuiness says privacy, AML may look different from US under MiCA

Fintech needs to communicate better, according to a top European Commission (EC) financial official. People ask what the need for financial technology is, and the industry has answers, but “we need to talk about this outside ourselves,” Commissioner for Financial Stability, Financial Services and the Capital Markets Union Mairead McGuinness said on Oct. 13.  Appearing…
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UK gov’t introduces bill to digitize trade documents — potentially traced using blockchain

Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records. In an Oct. 12 announcement, MP Michelle Donelan and the U.K. Department for Digital, Culture, Media and Sport said the Electronic Trade Documents Bill had…
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BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M

Bitcoin (BTC) delivered classic volatility on Oct. 13 as United States economic data shook markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sticks by $21,000 target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it presented some textbook moves to accompany the U.S. Consumer Price Index (CPI) print for September. Coming in…
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Bitcoin to become 'trusted means of exchange' in EU: Bitcoin Amsterdam 2022

Cointelegraph reporter Gareth Jenkinson interviewed Nigel Farage, a former member of the European Parliament, at the Bitcoin Amsterdam 2022 event. Source link

Hodlers prefer centralized exchanges over DeFi for security: Chainalysis

Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex CTO Paolo Ardoino believes. Source link

Crypto markets to see ‘explosive volatility’ soon: Arcane Research

Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. Source link

Bitcoin price threatens $19K support ahead of 'most hyped' CPI print

Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range. Source link

Russian stablecoin usage surged after Ukraine invasion: Report

According to Chainalysis data, Russia’s stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets. Source link

French police use Twitter crypto sleuth's research to catch scammers

The alleged fraudsters built a BAYC and MAYC NFT focused website that masqueraded as a service to animate the apes but instead phished victims details to steal their NFTs. Source link

Blockchain.com gets regulatory nod from Singapore’s central bank

Blockchain.com becomes the second crypto exchange in two days to receive preliminary approval to provide crypto services within the growing crypto hub. Source link