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EU Parliament passes new controversial rules on crypto
The crypto industry has fresh concerns about innovation and privacy invasion following new measures voted by the EU
More than 90 Lawmakers voted in favour of controversial measures to outlaw anonymous crypto transactions
According to documents seen by CoinDesk, the proposals are intended to extend anti-money laundering requirements that apply to conventional payments over 1-thousand to the crypto sector.
This means even the smallest crypto transactions would need to be identified, including for transactions with unhosted or self-hosted wallets.
Further measures are on the table and could see unregulated crypto exchanges cut off from the conventional financial system.
To pass the law, the plans must be agreed on by members of the EU Council.
Bitcoin’s price dropped about 2 per cent in minutes as the vote came through, falling to just over 46-thousand
News
Tech stocks on edge ahead of Nvidia
Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.
Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.
With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.
Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.
#TechStocks #Nvidia #Markets #Investing #FinanceNews
News
U.S. House forces release of Epstein files after Trump shift
House votes to release Epstein files after Trump’s stance shift, as victims rally and Senate vote approaches. #EpsteinFiles
House votes to release Epstein files after Trump’s stance shift, as victims rally and Senate vote approaches. #EpsteinFiles
The U.S. House has overwhelmingly voted to mandate the release of Justice Department files tied to Jeffrey Epstein, following a sudden shift in stance from President Donald Trump.
Victims rallied outside the Capitol as bipartisan criticism intensifies and the resolution heads to a swift Senate vote.
#EpsteinFiles #USPolitics #BreakingNews #Congress #Trump
News
Trump’s approval rating hits lowest point amid concerns
Trump’s approval plummets to 38% amid cost of living concerns and Epstein files backlash
Trump’s approval plummets to 38% amid cost of living concerns and Epstein files backlash
– Trump’s approval rating has dropped to 38% due to concerns over costs and the Epstein investigation.
– Only 26% of Americans approve of Trump’s handling of everyday expenses amidst rising inflation.
Poll findings show Trump’s overall approval has declined two points since early November. He began his second term with a 47% approval rating, now nearing lows seen during his first term. Biden’s approval fell as low as 35%, reflective of economic discontent.
Republican Support Wanes
Trump’s approval rating among Republican voters is now 82%, a decrease from 87% earlier this month. The perception that he is not adequately addressing living costs is a significant concern, contributing to reduced popularity among constituents. Notably, only 20% approve of Trump’s handling of the Epstein case, with 70% believing the government is withholding information.
Trump’s economic strategy, which included tax increases on imports, has been criticized for contributing to rising prices. As midterm elections approach, his declining popularity may pose challenges for Republican candidates in upcoming races.
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