- Lisbon: A Buzzy, Affordable Mecca for Buy-and-Hold Crypto Nomads
Portugal’s coastal capital offers a top-shelf European quality of life at discount prices. The No. 15 spot on CoinDesk’s Crypto Hubs 2023 attracts creative and entrepreneurial expats with a lively calendar of Web3 events, prized “digital nomad” visa and crypto-friendly tax laws.
The final hub to make the cut into our top-15 ranking of crypto hubs, Lisbon had an above-average rating for crypto regulatory structure, 4 out of 5. That important criteria, in the drivers category, was worth 35% of the total score on its own. But Lisbon scored in the solid middle- to lower-middle of the 25-hub pack on nearly every other measure, from grassroots crypto adoption (another driver) to opportunities criteria including per-capita crypto jobs, companies and events. What lifted the popular expat destination into the final 15 was a higher-than-average quality-of-life score, in the enablers category, worth 15% of the total.
- Biggest Movers: DOGE, SHIB Slip on Monday, as Traders Capture Recent Gains
Dogecoin (DOGE) was in the red to start the week, as traders seemingly secured gains following a recent bull run.
DOGE/USD rose to a two-week high at $0.0704 last Thursday, however it has since gone on to record consecutive declines.
The latest drop pushed the meme coin to an intraday low of $0.06557, which is its weakest point since Saturday.
Biggest Movers: DOGE, SHIB Slip on Monday, as Traders Capture Recent Gains
Looking at the chart, today’s sell-off comes as the relative strength index (RSI) broke out of a support point at 50.70.
Since the decline, the index is now tracking at 48.55, with the next visible floor being at the 46.00 mark.
In the event that this level gets breached, there is a strong chance that DOGE will drop below $0.0640.
https://news.bitcoin.com/biggest-movers-doge-shib-slip-on-monday-as-traders-capture-recent-gains/
- EU Reaches Agreement on Crypto Asset Regulations in Banking
The European Union (EU) has reached a political agreement on changes to the Capital Requirements Regulation and Directive, including new regulations for crypto assets. This move comes in response to lawmakers’ calls for stringent rules to prevent “unbacked cryptocurrencies” from infiltrating the traditional financial system.
The announcement of this agreement was made public via a tweet from the European Parliament’s Economic and Monetary Affairs committee. The tweet followed a meeting that brought together representatives from the European Parliament, national governments, and the European Commission, the body that initially proposed these rules back in 2021.
https://decrypt.co/146385/eu-reaches-agreement-on-crypto-asset-regulations-in-banking
- Australian Banks Claim 40% of Scams ‘touch’ Crypto As It Defends Restrictions
Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.
During a panel at the Australian Blockchain Week on June 26, Sophie Gilder, managing director of blockchain and digital assets at Commonwealth Bank (CBA) shed light on the bank’s restrictions on crypto exchange payments, noting it was put in place after seeing an alarming rate of scams that ended up involving cryptocurrency.
“One in three of the dollars that are scammed from Australians touch crypto, one in three. So it’s the single largest lever that we have to reduce this impact on our customers,” she said.
Nigel Dobson, banking services portfolio lead at ANZ referred to data from the Australian Financial Crimes Exchange which suggests the figures may be even higher at 40%.
https://www.binance.com/en/feed/post/702106
- Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions
Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.
During a panel at the Australian Blockchain Week on June 26, Sophie Gilder, managing director of blockchain and digital assets at Commonwealth Bank (CBA) shed light on the bank’s restrictions on crypto exchange payments, noting it was put in place after seeing an alarming rate of scams that ended up involving cryptocurrency.
“One in three of the dollars that are scammed from Australians touch crypto, one in three. So it’s the single largest lever that we have to reduce this impact on our customers,” she said.
https://cointelegraph.com/news/australian-banks-claim-40-percent-scams-touch-crypto
- Vancouver: A Boutique Hub for Crypto Early Adopters
This small and picturesque coastal city has plenty of crypto jobs, companies and events. But the No. 13 spot in CoinDesk’s Crypto Hubs 2023 is handcuffed by regulatory uncertainty in Canada, generally, that recently has led to national exits of major crypto exchanges Binance, Bybit and OKX.
The only Canadian hub to make it into our final ranking, Vancouver had a strong showing in per-capita opportunity measures including crypto jobs, companies and events, as well as a particularly high score for quality of life, in our enabler category. But like its neighboring U.S., Canada’s crypto regulatory structure score was just middling, sitting at three of a maximum score of five. The regulatory criteria, part of the drivers category, is the most heavily weighted at 35% of the total score. Another drivers criteria, the crypto adoption score, was similarly average. This pulled Vancouver to 13th place overall.
- Dormant Bitcoin Wallets From 2010 Resurface: 100 Bitcoins Transferred After More Than 12 Years
So far this year, a total of eight block rewards from the 2010 era have been transferred out of wallets for the first time in more than 12 years. Two of them occurred on Monday, June 26, 2023, after the blockchain parser Btcparser.com detected the movements. Both block rewards were obtained on July 12, 2010, suggesting that the two block subsidies were owned by the same individual.
The first transaction was confirmed at block height 795,936, and the owner sent 49 BTC to a single address, while the remaining 0.99 BTC was transferred to another address. Both of those wallets remain idle and have not spent the bitcoin. The second transfer was confirmed at block height 795,940 hours later, and these funds were all sent to a single address currently holding 49.99 BTC.
Furthermore, the corresponding bitcoin cash (BCH) associated with the old coins has not been transferred, and the BCH remains idle. Interestingly, the first transfer of 50 BTC had very little privacy and scored a 10 out of 100 due to three identifiable issues. With a low privacy score, Blockchair.com details that “the identified issues are severely jeopardizing the privacy of the parties involved.”
- Binance Motion on SEC’s ‘Misleading’ Public Language Denied
A U.S. District Court judge presiding over the case between Binance and the Securities and Exchange Commission (SEC) has denied a motion by the exchange that could have blocked the regulator from issuing public statements on the case.
Judge Amy Berman Jackson issued an order this morning stating that the need for the court’s intervention in enforcing ethical obligations “it is not apparent” and deemed that “wordsmithing the parties’ press releases” is neither necessary nor appropriate.
Judge Jackson also added that the statements released by the SEC so far do not support Binance’s argument that it would “materially affect proceedings in this case.”
https://decrypt.co/146378/binance-motion-on-secs-misleading-public-language-denied
- Blur, Arbitrum Lead Altcoin Surge As Traders Anticipate Bull Run
A series of decentralized finance and NFT-related altcoins have posted double-digit gains over the past week as capital begins to flow from larger assets like bitcoin (BTC) and ether (ETH) to more speculative tokens like blur (BLUR) and arbitrum (ARB).
Over the past 24-hours Blur, which is the native token of its namesake’s NFT exchange, has risen by more than 22% after it was listed on South Korean trading platform Upbit.
The move coincided with a notable spike in trading volume, with $241 million being racked up in the past 24-hours – a 1,240% increase on the previous day, according to CoinmarketCap data.
The magnitude of the rally represents a shift in sentiment from three weeks ago when the Securities and Exchange Commission (SEC) went on the offensive against altcoins that it labelled securities.
https://www.binance.com/en/feed/post/703249
- US lawmaker calls for info from Treasury and SEC on crypto market structure bill
California Rep. Maxine Waters, ranking member of the United States House Financial Services Committee, has called on leadership at federal regulatory agencies to weigh in on a proposed framework for digital assets.
In separate letters dated June 23, Waters requested Treasury Secretary Janet Yellen and Securities and Exchange Commission (SEC) Chair Gary Gensler provide information on the possible impact of the “Digital Asset Market Structure” bill. The legislation proposed by Republican lawmakers on June 1 aimed to establish a comprehensive framework on digital assets in the U.S. in part by addressing regulatory gaps between the SEC and Commodity Futures Trading Commission.
