FameEX Morning Crypto News Recap | June 28, 2024

European Banking Authority Hires Cryptocurrency Experts to Prepare for Upcoming Crypto Asset Market Regulation

The European Banking Authority (EBA) is hiring market monitoring and policy experts in cryptocurrency and digital finance to prepare for the EU Crypto Asset Market Regulation (MiCA). MiCA's stablecoin rules take effect on June 30, while regulations for cryptocurrency service providers will be implemented in December.

Fintech Firm Pyypl Partners with Visa to Launch Prepaid Card

Fintech company Pyypl has partnered with Visa to launch virtual and physical prepaid Visa cards via mobile applications. This collaboration aims to enhance financial inclusion in the region, offering greater access to financial services for underserved populations.

Bolivia Lifts Ban on Bitcoin and Other Cryptocurrencies, Permits Bank Trading

Bolivia has lifted its December 2020 ban on Bitcoin and other cryptocurrencies. On June 26, the Central Bank of Bolivia (BCB) announced that banks can now conduct cryptocurrency transactions through authorized electronic channels. However, the BCB reminds citizens that cryptocurrencies are not considered legal tender.

UK Election Approaches; Potential Labour Government Could Influence Cryptocurrency Future

The UK general election will be held on July 4, with polls indicating a likely new Labour government. For the past 15 years, the UK's crypto ecosystem has grown steadily under predominantly Conservative leadership. Before the election announcement, the industry had generally experienced a supportive and understanding government towards cryptocurrencies.

Analyst Forecasts Bitcoin Could Reach $100,000 Before 2024 U.S. Election

The first U.S. presidential debate in 2024 will take place at 9:00 Beijing time on June 28. Standard Chartered Bank analysts predicted earlier this month that Bitcoin could reach $100,000 before the U.S. election. If Trump wins, Bitcoin might rise further to $150,000 by the end of the year.

Marathon Digital Expands Mining Operations to Kaspa

Marathon Digital Holdings Inc. has expanded its mining activities to include Kaspa (KAS), a proof-of-work digital asset. This diversification has proven fruitful, with the company mining 93 million KAS, valued at approximately $15 million as of June 25, 2024.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.