Disable auto-play and infinite scroll or risk massive fines, EU tells Meta
Digital Services Act may force Meta to make big changes on its platforms.
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The post Self-Custody Is the Trade Again appeared on BitcoinEthereumNews.com. “Not your keys, not your coins” felt like a slogan for the paranoid. Exchanges were slick, convenient, and mostly worked. So why wrestle with a seed phrase when an app would hold everything for you? Then 2026 happened, and the question flipped. Now the interesting one is: do you actually know who’s holding your crypto, and if they’ll still be allowed to next month? The map just got redrawn On July 1, the EU’s crypto rulebook (MiCA) hit its hard deadline. Any exchange or custodian serving EU users now needs a license, and a lot of them don’t have one; only a handful of platforms hold a full trading license across the bloc. Binance, the biggest exchange on earth, confirmed it’s pulling back from EU users, unable to get authorized in time. Tether’s USDT got delisted from regulated venues, and dozens of smaller platforms are winding down or geo-blocking European customers entirely. MiCA is, on balance, good for u
Read full articleDigital Services Act may force Meta to make big changes on its platforms.
The post Europe’s Crypto Law Is Driving Users Away From Regulation, Not Toward It appeared on BitcoinEthereumNews.com. 70% of EU users who left Binance after MiCA opted for self-custody, not a rival. Teng warned self-hosted wallets amplify risk as AML and KYC controls are absent. Binance pulled its Greek MiCA licence and paused EU deposits on 1 July 2026. Europe’s landmark crypto regulation is producing an outcome its architects did not intend. Rather than driving users toward regulated platforms, MiCA appears to be pushing them in the opposite direction. Binance CEO Richard Teng revealed that of the users who withdrew funds from Binance after MiCA came into effect, 70% moved their assets into self-hosted wallets, while only 30% shifted to other regulated platforms. The data suggests the regulation is consolidating crypto activity outside the supervised financial system rather than within it. “Once it goes into a self-hosted wallet, the risks actually amplify,” Teng said. “You don’t ha
The post Binance CEO: 70% Of EU User Withdrawals Moved To Self-Custodied Wallets After MiCA Exit appeared on BitcoinEthereumNews.com. When a titan of centralized exchanges fully exits a major market, regulators expect an orderly flow into supervised platforms. The European Unionu2019s Markets in Crypto-Assets framework was designed precisely for this u2014 to channel crypto activity into licensed, compliant venues. The actual data from Binanceu2019s EU shutdown suggests reality runs hard in the opposite direction. According to a report citing Binance CEO Richard Teng, approximately 70% of the funds that EU users withdrew after the exchange suspended services moved into self-custodied wallets. Only 30% ended up on MiCA-compliant platforms. For a regulatory regime built on the premise that licensing leads to consumer protection, that number is a quiet indictment of how detached the official playbook is from user behavior. The 70% That Went Outside the Tent Teng did not mince words. He ar
A MiCA license allows crypto firms to operate in the EU, but the ESMA’s review will test whether custodians can meet the required security and resilience standards.
The post Dogecoin (DOGE) Is Bullish: 4 Longs Against 1 Short appeared on BitcoinEthereumNews.com. Exchange flow is complimentary to Dogecoin Selling pressure dwindles Dogecoin may be displaying one of its strongest sentiment signals in recent weeks, despite months of ongoing weakness. Derivatives traders seem to be positioning for a recovery, with long positions significantly outnumbering short positions across major exchanges, even though the meme coin is still stuck in a larger downtrend on the price chart. Current market data indicates that Dogecoin’s long-to-short ratio is clearly favoring bulls. Exchange flow is complimentary to Dogecoin OKX traders are even more aggressive, keeping a ratio close to 3.5-to-1, whereas Binance accounts show about 2.5 longs for every short position. There are still over three bullish positions for every bearish one among Binance’s top traders. DOGE/USDT Chart by TradingView When considered collectively, the data indicates that both retail and profe
The post Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison appeared on BitcoinEthereumNews.com. In brief Rossen Iossifov, a Bulgarian national serving 111 months for laundering nearly $5 million, has been charged with conspiring to move $290,000 in cryptocurrency that a court had ordered forfeited. Prosecutors say he ran the transfers through multiple exchanges and mixing services in January 2024, while already in federal prison. Should he be found guilty of the new charges, Iossifov faces up to 25 years in prison. A Bulgarian man already serving time for one of the larger crypto laundering cases prosecuted in the U.S. has been charged with pulling off another scheme from inside federal prison, allegedly moving $290,000 in cryptocurrency that a court had ordered him to forfeit. Rossen Iossifov, 53, made his first court appearance in the Eastern District of Kentucky this week on charges of removing property to prevent seizure, aiding and abetting, and conspiracy
A convicted launderer serving time for a $5 million scheme allegedly moved crypto that a court had ordered him to forfeit.
The EU's intensified scrutiny of Meta could reshape tech regulations, emphasizing accountability and potentially altering platform designs. The post EU escalates probe into Meta Platforms over user safety concerns appeared first on Crypto Briefing.