Bitcoin News and Finance: What You Need to Know

A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar to the FTX case from occurring,” she cautioned: “Certain areas still need further strengthening.” ECB’s McCaul Warns of EU’s Inadequate Crypto Regulation Elizabeth McCaul, a member of the European Central Bank Supervisory Board, discussed cryptocurrency regulation in a blog post published by the ECB Wednesday. She explained that the regulations proposed by the European Union for crypto assets are insufficient and must be strengthened to effectively address crypto risks. The European Parliament is set to vote on the Markets in Crypto-Assets (MiCA) bill later this month. McCaul opined: While the new Basel standard and MiCA are important milestones, I am afraid they will not be sufficient on their own. The ECB board member ...

Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: “We should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago.” Robert F. Kennedy Jr. Warns about Fednow and CBDCs Lawyer and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve’s Fednow system and central bank digital currencies in a tweet on Wednesday — the same day he filed paperwork to run for president in 2024. He is President John F. Kennedy’s nephew and U.S. Senator Robert F. Kennedy’s son. “The Fed just announced it will introduce its ‘Fednow’ Central Bank Digital Currency (CBDC) in July,” he wrote, elaborating: CBDCs grease the slippery slope to financial slavery and political tyranny. Fednow is the Federal Reserve’s real...

A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the proposed airdrop could pose major challenges with specific implications. Thailand Prime Minister Candidate’s $300 Airdrop Promise Raises Concerns On Wednesday, Srettha Thavisin, a Pheu Thai candidate for prime minister of Thailand, declared that if his party wins the general election, the government will airdrop 10,000 baht in digital currency to every citizen in the country who is 16 years old or older. The Bangkok Post was the first to report on the story after it was revealed by the Pheu Thai chief adviser, Paetongtarn Shinawatra, on Wednesday. Thailand wouldn’t be the only government to airdrop digital currency to its citizens, as the governme...

Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum to Provide Digital Asset Products and Services The financial services unit of the national postal service of Switzerland, Postfinance , has joined forces with crypto bank Sygnum to offer a range of digital asset banking services. To achieve that, the bank will employ Sygnum’s B2B (business-to-business) banking platform. The partnership enables the launch and expansion of regulated bank-grade products and services for digital assets, Sygnum said in an announcement published Wednesday. The Switzerland-based fintech company further elaborated: Postfinance’s customers will be able to buy, store and sell leading cryptocurrencies such as bitcoin and ethereum. Postfinance has analyzed the inv...

PRESS RELEASE. Victoria, Seychelles 7 Apr 2023 – Bitget, the leading crypto derivatives exchange and copy trading platform, has announced a new round of launchpad listing featuring GoSleep (ZZZ) , the leading Web3 sleep and healthy living reward app on Arbitrum. The launchpad tickets for ZZZ token will be allocated on Apr 17, with the deposit period starting on Apr 10. In this round of launchpad, Bitget has also introduced the sunshine pool, which is specially designed to provide fair opportunities for more participants to get allocations. Bitget’s Launchpad was initially introduced in February 2022, and as of now, it has launched eight early-stage projects with a price increase of up to 14950% in the first week of their listing. Previously, Launchpad featured REVO, BBO, and HALO, offering users the opportunity to participate in early-stage token sales for handpicked brightest projects. GoSleep aims to motivate users to pursue a healthy lifestyle by providing them with sleep trac...

Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald Trump Alerts About China’s Push Against the U.S. Dollar Donald Trump, former president of the U.S. has recognized the recent moves that China and other countries including Russia and Saudi Arabia are taking to undermine the influence of the dollar in worked markets. In a post published in Truth Social, the social platform founded by Trump, he acknowledged these developments, stating: China is trying to displace the U.S. dollar as the number one currency throughout the world. If this happens, and under Biden’s leadership it probably will, this would be the biggest defeat for our country in its history. Furthermore, Trump stated that if this comes to happen, the U.S. will be reduced to s...