Author: Chris Smith
Hong Kong to Start Offering Bitcoin and Ether ETFs Trading on April 30
Reading Time: < 1 minuteOn April 24, the Securities and Futures Commission (SFC) in Hong Kong officially approved the first batch of spot Bitcoin and Ether exchange-traded funds (ETFs).
Binance Faces a Lawsuit in Canada
Reading Time: < 1 minuteA group of investors has filed a class action lawsuit against Binance in Canada, claiming that the cryptocurrency exchange violated local securities laws.
Worldcoin Plans to Increase WLD Supply
Reading Time: < 1 minuteThe digital identity project Worldcoin plans to significantly increase the number of its WLD tokens in circulation over the next six months, with a potential increase of up to 19%.
Arkham: DeFi Whales Abandon Millions in Bridge Contracts
Reading Time: < 1 minuteAccording to Arkham, there are multiple crypto addresses with millions of dollars trapped in bridge contracts, forgotten about or unmovable.
PayPal Makes Proposal to Incentivize Green Crypto Mining
Reading Time: < 1 minutePayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.
Coinbase Says Cryptos Will Remain Dependent on Global Economy
Reading Time: < 1 minuteAccording to analysts at Coinbase, the halving event may be strongly influenced by the global economic situation, with a potential to impact the price of Bitcoin and other digital currencies.
Fees Spent on BTC’s Halving Block Reach $2.4M
Reading Time: < 1 minuteBitcoin users have paid a staggering amount of fees – 37.7 Bitcoin, equivalent to over $2.4 million at current rates – to secure their portion of the limited space on the fourth Bitcoin halving block.
Sweden Tax Authority Requests $90M from Crypto Miners
Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).
Kraken Introduces a Self-custodial Crypto Wallet
Reading Time: < 1 minuteCrypto exchange Kraken has recently launched their own self-custodial mobile wallet known as Kraken Wallet.
Binance’s SAFU Accounts for 3% of UDSC’s Supply
Reading Time: < 1 minuteBinance has recently announced that it is converting its Secure Asset Fund for Users (SAFU) into Circle’s stablecoin USD Coin.
Andreessen Horowitz Raises $7.2B
Reading Time: < 1 minuteBloomberg reports that Andreessen Horowitz (a16z), a venture capital firm favorable towards cryptocurrencies, has raised $7.2 billion in funding.
Vitalik Buterin Transfers 180 ETH Through Railgun Protocol
Reading Time: < 1 minuteVitalik Buterin, one of the co-founders of ethereum, recently made multiple transactions worth approximately 100 ETH (~$575,000) using a privacy protocol called Railgun.
Miners Could Sell Off a Large Number of Bitcoins After Halving
Reading Time: < 1 minuteAccording to a market analyst, in the months following the halving, there could be a large decrease in the number of Bitcoins held by miners.
Trading Volume of Donald Trump NFT’s Collection Plummets 99%
Reading Time: < 1 minuteIn the past month, trading volume for former US President Donald Trump’s initial batch of non-fungible tokens (NFTs) has plummeted by 99%.
Open Interest in Solana Falls $440M
Reading Time: < 1 minuteSolana’s open interest and price both saw declines in the last 24 hours, following a wider trend in the cryptocurrency market.
Robert Kiyosaki Supports Cathie Wood’s Bitcoin Forecast
Reading Time: < 1 minuteKiyosaki has expressed his support for the statement made by Ark Invest CEO Cathie Wood, who has predicted that Bitcoin could reach over $2 million in the future.
DeFi Protocol MarginFi Suffers $190M Outflows
Reading Time: < 1 minuteIn the past two days, roughly $200 million in user funds have been withdrawn from MarginFi, a lending protocol on the Solana blockchain.
Grayscale’s Bitcoin ETF Outflows Reach a Record Low
Reading Time: < 1 minuteGBTC, the Grayscale Bitcoin Trust, has experienced a significant decrease in outflows, dropping by 90% in comparison to the previous day.
Paraguay Halts Bitcoin Mining Prohibition
Reading Time: < 1 minuteParaguayan officials are grappling with the issue of whether to impose a ban on cryptocurrency mining in the country, with some senators proposing alternative solutions.
VanEck Believes SEC Will Not Approve Spot Ethereum ETFs
Reading Time: < 1 minuteFirms hoping for the Securities and Exchange Commission’s approval on a spot Bitcoin exchange-traded fund are worried about the likelihood of getting the go-ahead for an Ether product.
Worldcoin Allows Users to Delete Biometric Data
Reading Time: < 1 minuteSam Altman’s Worldcoin project has recently introduced new features to enhance the security of users’ personal data.
Crypto Funds See Influx Since Beginning of the Year
Reading Time: < 1 minuteFrom March 30 to April 5, there was a total inflow of $646 million into cryptocurrency investment products, with a record total of $13.8 billion invested since the beginning of the year.
JPMorgan Believes SEC Will Approve Spot Ethereum ETFs
Reading Time: < 1 minuteAccording to JPMorgan analyst Nikolaos Panigirtzoglou, the US Securities and Exchange Commission (SEC) is expected to approve spot exchange-traded funds (ETFs) based on the second largest cryptocurrency by capitalization.
Genesis Buys $2.1B in Bitcoin
Reading Time: < 1 minuteGenesis reportedly sold about 36 million shares of the Grayscale Bitcoin Trust (GBTC) in order to acquire more Bitcoin as part of its plan to settle its debts with creditors.
Ethena Labs Backs USDe with Bitcoin
Reading Time: < 1 minuteEthena Labs has announced that it has added Bitcoin as a backing asset for its USDe synthetic dollar. This decision was fueled by a surge in popularity of the world’s oldest digital asset among traders.
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