EU Announces Cryptocurrency Regulation Plans – September 25

30 Second Cryptocurrency Price Summary

Current Bitcoin Price: $10,605

Bitcoin price has jumped back above local highs to the $10,600 mark, touching almost as high as $10,800 today.

Top-20 altcoins have regained some strength today, as Ethereum and XRP each gain 4%, while Chainlink and Cardano soar 15% and 14%, respectively.

Top Stories for September 25, 2020

EU Announces Cryptocurrency Regulation Plans

The executive arm of the European Union has unveiled its very first plans to regulate cryptocurrencies, aiming to improve legal clarity in the space.

Notable points from the plans include an effort to reduce market fragmentation by enabling crypto-asset companies to operate across all 27 EU countries if authorized in just one country, as well as more stringent regulation of stablecoins.

Nasdaq Cryptocurrency ETF Approved for Bermuda Stock Exchange

A Nasdaq-backed cryptocurrency exchange-traded fund (ETF) has been approved for trading on the Bermuda Stock Exchange.

The ETF will track Nasdaq’s very own cryptocurrency index, and launch shortly after the index itself goes live.

Hashdex, a Brazilian fund manager, is also behind the crypto ETF.

Tron Partners With BitGo to Wrap BTC and ETH on Tron Blockchain

Tron has partnered with BitGo to launch tokenized (wrapped) versions of Bitcoin and Ether on the Tron blockchain.

WBTC is already immensely popular on the Ethereum network for its use in decentralized finance (DeFi) systems – with about $820 million worth of WBTC now circulating on Ethereum.

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