Bitcoin
Breaking news from the bustling city of Hong Kong – the SFC has given the green light for the launch of Bitcoin and Ethereum ETFs. This exciting development offers investors a regulated and secure option to dive into the world of cryptocurrency, starting April 30th.
The tech mogul Elon Musk’s company, Tesla, has held onto its BTC reserves for the seventh consecutive quarter, as revealed in their latest Q1 2024 earnings report. This bold move only adds to the growing popularity and legitimacy of Bitcoin.
In the midst of fierce competition in the market, Grayscale has made a strategic move by announcing their latest offering – the Bitcoin Mini Trust. This spinoff ETF boasts a lower fee structure, aiming to attract investors and regain their interest.
Ethereum
A David and Goliath battle ensues as Consensys takes on the SEC in a high-stakes legal showdown. The tech giant has boldly filed a lawsuit, challenging the SEC’s authority to regulate Ethereum and its potential to stifle innovation and harm the economy. The stage is set in the United States District Court for the Northern District of Texas, where Consensys is determined to prove that the SEC’s grip on Ether as a security is unjustified.
Technology
In a groundbreaking move, Franklin Templeton is shaking up the investment world by tokenizing its US Government Fund on the cutting-edge Polygon and Stellar blockchains. This revolutionary step will empower Franklin OnChain FOBXX investors to freely exchange the fund’s BENJI token without the need for a middleman.
Security
A team of ingenious developers have thwarted a potential disaster in the Cosmos universe! A critical security flaw in the Inter Blockchain Communication (IBC) protocol, which could have jeopardized over $126 million, has been swiftly patched. Thanks to the swift action of Asymmetric Research, who revealed the vulnerability before any malicious actors could take advantage of it.
Unfortunate incidents have plagued the Solana meme coin scene in the past month, leaving investors with a gut-wrenching loss of $26.7 million. Despite the founders’ continuous cautionary messages, the temptation to jump into these risky projects remains high. To make matters worse, even renowned influencers have been caught up in the frenzy, using their influence to deceive unsuspecting users.
Exclusive: Bitcoin Drops, Gets Huge Rejection from $68,000: More Losses to Come?
Watch WLD Token Soar with Worldcoin’s $195 Million Sale Launch
Bitcoin-focused app Strike Enters Europe
Regulation
SEC Demands $5.3 Billion from Terraform Labs and Do Kwon for Involvement in Terra/LUNA Stablecoin Collapse, Ushering in a New Era of Cryptocurrency Regulation. Department of Justice Takes Down Samourai Wallet Founders for Alleged Money Laundering Scheme in the Crypto World.
How Venezuela’s PDVSA is Using Tether to Outsmart US Sanctions and Protect Oil Transactions Amidst Global Doubt and Intermediary Dependence. Plus, Thailand Cracks Down on Unapproved Crypto Platforms in Line with International Regulations.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.