Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day.
Jakub Porzycki | Nurphoto | Getty Images
EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry.
The European Commission, EU lawmakers and member states hammered out a deal in Brussels after hours of negotiations. The move came a day after the three main EU institutions finalized measures aimed at stamping out money laundering in crypto.
The new rules agreed Thursday come at a brutal time for digital assets, with bitcoin facing its worst quarter in more than a decade.
Known as Markets in Crypto-Assets, or MiCA, the landmark legislation will make life tougher for numerous players in the crypto market, including exchanges and issuers of so-called stablecoins, tokens that are meant to be pegged to existing assets like the U.S. dollar.
Stablecoins like tether and Circle’s USDC will be required to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...