The European Union’s landmark crypto regulation, Markets in Crypto Assets (MiCA), won’t see a final vote in the European Parliament until April, stalling the process for the new rules to be enforced. was postponed to February in November, also due to translation issues.

MiCA is one of the first EU regimes to supervise the crypto sector and aims to tame what policymakers call the “wild west of crypto assets.” Most significantly, MiCA lays out rules for licensing firms offering crypto services in the EU and regulates stablecoin issuance. The delay is “technical” and most likely caused by issues in translating the almost 400-page file into the 24 official languages of the bloc, an EU Parliament spokesperson told to The Block.

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Crypto investment firm Foresight Ventures led a $15 million Series A round into digital asset market maker CyberX. The deal for the company, which saw its valuation lift to the “few hundred million dollar range” per an interview with founder Zack Fan.

CyberX’s raise follows several other market makers procuring capital in recent months. In November, Brussels-based Keyrock raised a $72 million Series B led by crypto payments company Ripple and decentralized market-making protocol Arrakis Finance announced a $4 million round last month. For CyberX, Fan said that it secured the capital primarily to improve its proprietary risk management framework which monitors on-chain and off-chain data in real-time.

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Crypto platforms with 70% total reported volume of wash trading moved up by 46 positions in rankings. It’s no secret that wash trading continues to plague the crypto market. A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research (NBER).

The nonprofit research organization studied 29 major exchanges, such as Binance, Coinbase, and Huobi, as well as lesser-known exchanges from a period of July 9th to November 3rd, 2019. Based on the rank of third-party websites, representativeness, and API compatibility, the crypto exchanges were classified into Tier-1 (ranked in the top 700 in the finance/investment section of SimilarWeb and Tier-2.

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Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system.

Sir Jon Cunliffe, Bank of England (BOE)’s deputy governor for financial stability, talked about cryptocurrency in an interview with Sky News Thursday. He explained that the British central bank plans to step up its effort with new laws to regulate crypto trading following the collapse of crypto exchange FTX.The Bank of England deputy governor noted that trading.

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Leading crypto exchange Coinbase has announced the launch of its asset recovery tool, which enables users to recover up to 4,000 unsupported ERC-20 tokens. Dec. 15 that it has developed a self-service recovery tool for ERC-20 tokens.

Previously, users who sent tokens not registered on the Coinbase Ledger were at risk of not receiving them in their wallets. As a result, the funds remained unrecoverable since Coinbase does not have access to the private keys needed to reverse the transactions. Eligible Coinbase users can easily redirect lost assets to their self-custodial wallet, without disclosing their private keys.

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Dutch cryptocurrency exchange Bitvavo says it has 280 million Euros ($297 million in USD) stuck with Digital Currency Group (DCG), or 17.5% of the $1.6 billion Euros Bitvavo says it manages in deposits and other assets.

Bitvavo claims in a blog post that DCG is “experiencing liquidity problems due to the current turbulence in the cryptomarket” and that DCG “has suspended repayments until this liquidity issue has been resolved.”.DCG spokesperson told Reuters that the funds are held by its “independent subsidiary” Genesis

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Binance USD’s (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals.The exchange saw the largest stablecoin outflow on Dec. 13, as over $2 billion was withdrawn in 24 hours.

The withdrawals appeared to have affected BUSD’s supply as it dropped below $20 billion for the first time since climbing above it in September when Binance converted its users’ holdings in other stablecoins like USDC to BUSD. USDC appears to be the primary beneficiary of BUSD’s declining supply. Its market cap was largely around $65.8 billion throughout the reporting period.

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Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.”

EVM that led to the creation of an alternative known as Webassembly (WASM). This alternative is said to be a virtual machine of choice for developers, engineers and academics that are frustrated with the EVM. According to Watanabe, for Web2 developers that want to migrate to Web3, WASM seems like a logical choice.

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The threat actor appears to be well-versed in the inner workings of the crypto industry. Microsoft revealed that malicious entities are getting more sophisticated by the day. According to a new report, Telegram chat groups are being used to target cryptocurrency investment companies.

The post published by Microsoft’s Security Threat Intelligence team stated the threat actors had significant knowledge of the crypto investment industry and invited at least one target (posing as representatives of other crypto asset management firms) to another Telegram group. The main goal is to engage and discuss a relevant topic to gain the target’s trust. who infiltrated Telegram groups posing as a representative of a crypto platform.

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