The EU’s Securities Preparations for Crypto Transactions

According to a public tender document, the European Union’s securities watchdog has begun preparations for tighter inspection of crypto transactions after the group agreed to breakthrough measures to govern what it deemed a “Wild West” sector.

National authorities in the 27-country union will license crypto asset firms. Hence, the European Securities and Markets Authority (ESMA) will supervise the larger participants.

On Tuesday, ESMA issued a public procurement request to suppliers of trading data on crypto transactions, including spot trades and derivatives.

It excludes blockchain transactions or the distributed ledger technology that underpins cryptocurrencies such as bitcoin.

The coverage should include all key exchanges and crypto assets to depict the crypto market environment accurately.

Regulators use transaction data to identify market abuses. Moreover, they use it to determine who is on each side of a transaction and search for unsafe position buildups that could destabilize orderly markets.

Data should be supplied daily, including access to order books displaying spreads and liquidity across exchanges and trade pairings. The contract has a maximum value of 100,000 euros.

Crypto Price: Bitcoin Analysis

Bitcoin’s price fell on Tuesday’s sixth day. Still, sellers have so far failed to cause significant technical damage, even on lower time frames. On Tuesday, traders settled at -$275 for BTC’s candle closure.

The first chart we’ll look at today is the BTC/USD 1W chart from TradingForArab, which is seen below. The bitcoin price is currently hovering between the 38.20 per cent and 0.00 per cent Fibonacci levels.

BTC’s weekly upside objective for optimistic traders is back up to test BTC’s all-time high set on November 10, 2021.

Bearish BTC traders, on the other hand, target the 38.20 per cent fib level first, with a secondary objective of 50.00 per cent. The third aim for negative bitcoin traders is 61.80%.

Accepting Bitcoin (BTC) payments in the United Kingdom has just added a new player. Oxford City Football Club hopes to be the first National League club to accept BTC matchday payments when the season begins on August 6.

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