Europe

New analysis by Presto Research shows European traders led the recent cryptocurrency market downturn, while Asian and US markets remained relatively stable.

European authorities have dismantled a massive crypto fraud network that laundered over €700 million using fake trading platforms and sophisticated marketing, including deepfakes. Coordinated operations across multiple countries led to arrests and the seizure of assets.

KuCoin has secured a MiCA license from Austrian regulators, allowing it to resume operations across 27 European countries, including the Netherlands, after ceasing services last year due to a lack of proper licensing.

The IEA’s annual energy report suggests European households could save nearly €500 annually by 2035 if current climate and energy plans are fully implemented, though lower-income families may struggle to access these benefits.

Dutch Bitcoin startup Blockrise has secured a MiCA license, allowing it to offer regulated Bitcoin services across the EU. The company plans to expand with a €15 million funding round and introduce Bitcoin-backed loans, aiming to become a major European player despite Bitcoin’s recent price volatility.

Kraken has introduced the Kraken Card across Europe, a Mastercard-powered debit card allowing users to spend crypto or euros and earn 1% cashback on all purchases.