Next week, new regulations are expected to be finalized that would mandate crypto companies, including those located outside the EU or dealing in non-fungible tokens, to register with tax authorities.
Despite a price drop on Monday, Ether's deflationary narrative remains intact. Several top crypto assets experienced a decline in trading value during the same period.
Corporate clients of BNP Paribas will have access to China's e-CNY by connecting to the Bank of China's system.
The Cryptonews team is reporting live from the Blockchain Economy London Summit that's running from 27-28 February 2023.
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Coinbase has partnered with Bitpanda Technology Solutions, an infrastructure layer provider specializing in business-to-business solutions, to establish direct connections with banks and fintech companies.
Unciphered, a renowned cybersecurity firm specializing in the retrieval of misplaced cryptocurrencies, claims to have discovered a method to physically breach the security of the Trezor T hardware wallet. Trezor has acknowledged the existence of a comparable attack vector several years ago.
Macro analyst Tom Dunleavy suggests that the stablecoin market's contraction is indicative of the ongoing bearish phase in the crypto market.