EU Bans Wallets; ETH a Security? What a week!

Hello hello, and welcome to another exciting crypto news round-up brought to you by Coinigy.

We thought last week’s round-up couldn’t be any more dramatic… considering Bitcoin has been moody.

But boy were we wrong 😆

First, some guys and gals at the EU had a chit-chat and came up with the idea of banning self-hosted crypto wallets.

We weren’t done talking about that, and the folks over at the SEC decided to start another “security claim” crusade…

This time, the victim is Ethereum.

The good thing about all these is that the market didn’t react so much.

… just another day in crypto, right? 😂

Anyway, here are the latest stories you should know:

• EU Implements Ban on Unverified Self-Hosted Crypto Wallets
• BlackRock Launches First Tokenized Fund on Ethereum Blockchain
• SEC launches campaign to classify Ethereum as a security
• TON Foundation Establishes Ecosystem Development Fund

EU Implements Ban on Unverified Self-Hosted Crypto Wallets

The European Union (EU) has adopted an effective ban on crypto transactions committed through non-custodial wallets that have not been verified. This measure forms part of the broader Anti-Money Laundering (AML) directives aimed at combating financial crimes.

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BlackRock Launches First Tokenized Fund on Ethereum Blockchain

BlackRock said Wednesday that it has partnered with digital assets specialist Securitize Markets to launch a tokenized money market fund on the Ethereum blockchain. The private fund, called BlackRock USD Institutional Digital Liquidity Fund, is BlackRock’s first tokenized fund on a public blockchain.

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SEC launches campaign to classify Ethereum as a security

The Ethereum Foundation, an organization that supports the development of the Ethereum ecosystem, has just confirmed that it is being contacted to cooperate in the investigation by an anonymous management official.

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TON Foundation Establishes Ecosystem Development Fund

The TON Foundation has decided to allocate a significant amount of 30 million Toncoin, equivalent to around $120 million (based on the current price of TON), to support projects within the ecosystem.

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Other Highlights Worth Mentioning

ParaSwap evades hack on newly launched Augustus v6 contract vulnerability — The Crypto Times

Bitcoin Price Set for New High as GBTC Outflows Decrease to $170M — Coinmarketcap

Solana meme coin Slerfsol recovers after $10M token burn fiasco — Cointelegraph

Ether at $3,100 could liquidate $212 million worth of leveraged long positions — Blockchain Magazine

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• Source: https://insights.coinigy.com/eu-bans-wallets-eth-a-security-what-a-week/