European financial behemoth Societe Generale, the third-largest bank in France, has introduced its own euro-pegged stablecoin. According to the Financial Times, the EUR CoinVertible (EURCV) stablecoin will make its debut on the Bitstamp cryptocurrency exchange. Bank clients will be able to invest in the digital asset market with EURCV since
Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the
With its newest strategic move, Alchemy Pay, a Singaporean crypto on- and off-ramp solutions provider, is poised to completely transform the European crypto industry. Alchemy Pay has successfully integrated a number of European local payment channels. These include Bancontact in Belgium, iDEAL in the Netherlands, and globally accessible options like
Worldcoin, the blockchain project by OpenAI CEO Sam Altman, has announced that 150,000 people in Spain have signed up for the World ID. Moreover, with this remarkable milestone, Spain has become the fastest-growing operational market in Europe for the Worldcoin project. This is a significant achievement for Worldcoin after its
Glassnode, the famous crypto analytics firm, recently made a striking observation. Over the past year, a distinct divergence has cropped up in the Bitcoin supply change based on geographical regions. A clear divergence is visible in the year-over-year BTC supply change based on geographical regions. The extreme dominance of US
The European blockchain sector is preparing to make a last push to avert rules that would kill the smart contracts underlying the decentralized finance (DeFi) protocols that European authorities have been striving to introduce. Moreover, negotiations on the European Data Act, which aim to control data transferred between smart devices
This Wednesday, a European crypto investment company named Greenfield launched a report on the State of European Crypto. This report is the first edition based on crypto regulation of 2023 which would probably enhance the European ecosystem. By understanding the analysis with the learnings, Greenfield launched the report with respect
In light of the present financial crisis, former Belgian Finance Minister and Member of the European Parliament Johan Van Overtveldt has advocated for a ban on cryptocurrency. According to Van Overtveldt, the digital asset business creates “no economic or social value.” These were made in a tweet by the ex-Belgian
A plan to impose the most recent global bank capital regulations was approved Tuesday. By the European Parliament’s Committee on Economic and Monetary Affairs (ECON). According to a Reuters report, the Legislators have also inserted measures addressing dangers associated with crypto assets. Moreover, the basic guidelines were devised by the
The US Securities and Exchange Commission filed a long-term action against Ripple in 2020. That contends the firm and its officials issued XRP cryptocurrency to investors without first registering it as a security. The series of hearings are already underway, and Ripple CEO Brad Garlinghuse has claimed that the disagreement
