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BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto.
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.
The issuer of USDC received in-principle approval in November last year.
Congressmen Brad Sherman and Stephen Lynch called the industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations on reporting requirements.
EU officials are hoping to tempt crypto innovators as exchange platforms Binance and Coinbase complain of regulation by enforcement in the U.S.
Regulation of the industry has become a political debate and a turf battle between the SEC and CFTC, the report said.
The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as it seeks to freeze company assets.
- 06:08Bitcoin's market value is once again surpassed by silverMarketcap data shows that the market value of silver has once again surpassed Bitcoin, becoming the eighth largest asset in global market value. CoinGecko data shows that since Bitcoin reached its historical high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%. The current market value of silver is $1.828 trillion, about $500 billion higher than Bitcoin's which stands at $1.322 trillion and ranks as the ninth largest asset in global market value. This means that for Bitcoin to surpass the current market value of silver (assuming other factors remain unchanged), it needs to rise by 40% to reach $93,000 per coin. According to Trading Economics data, gold also performed well with a rise of 22.4% since February 13th and currently holds a market cap of $16.392 trillion.
- 05:38The price of Bitcoin now needs to reach $93,000 for its market value to surpass that of silverAccording to Cointelegraph, since Bitcoin reached its historical high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%. The current market value of silver is $1.828 trillion, about $500 billion higher than Bitcoin's which stands at $1.322 trillion, making it the ninth largest asset in global market value. This means that Bitcoin needs to rise by 40% and reach $93,000 to surpass the current market value of silver (assuming other factors remain unchanged).
- 05:18A certain whale has withdrawn 1.83 million USDC from CEX to purchase WIF, and has currently bought 227,896 WIFAccording to Lookonchain monitoring, a whale has created a new wallet and withdrawn 1.83 million USDC from CEX for the purchase of WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at a price of $2.66 each. There are still 1.22 million USDC left, and the purchase is ongoing.
