The balance between privacy and regulatory compliance in the crypto world is increasingly threatened as high-profile cases, such as the sanctions against Tornado Cash and the legal troubles of Samourai Wallet, come to the fore, prompting a robust response from the community and its leaders. Crypto’s Battle for Privacy Intensifies in Face of Regulatory Clampdown […] Source: https://news.bitcoin.com/the-eroding-state-of-privacy-in-the-crypto-world/
This notice means that exchange-traded funds and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets will not be assigned any collateral value. Source: https://cointelegraph.com/news/dtcc-rules-out-collateral-for-bitcoin-linked-etfs
According to a recent survey, half of Canadian institutional investors and financial services organizations have actively offered at least one type of cryptocurrency asset product or service to clients in the past year. The study revealed that half of the institutional investors surveyed were exposed to crypto through exchange-traded funds (ETFs), closed-end trusts, or other […] Source: https://news.bitcoin.com/study-half-of-canadian-institutional-investors-actively-offered-one-crypto-asset-product-in-2023/
Nvidia’s share price saw a 15% increase after a brief slump during the previous trading week, prompting analysts to speculate about the price movements of AI crypto tokens. Source: https://cointelegraph.com/news/nvidia-nvda-share-price-artificial-intelligence-ai-crypto-tokens
Eddy Lazzarin, CTO of A16z Crypto, one of the largest cryptocurrency-focused venture capital funds, has criticized the meme coins’ effect on the broad appreciation of the cryptocurrency market. Lazzarin stated that meme coins undermined the “long-term vision of crypto” that has maintained some actors in the space, making it look “like a risky casino.” A16z […] Source: https://news.bitcoin.com/a16z-exec-blasts-meme-coins-they-make-crypto-look-like-a-risky-casino/
The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops following the announcement. This event has spurred discussions among crypto enthusiasts and investors, with some seeing bank failures as a compelling […] Source: https://news.bitcoin.com/republic-first-bank-fails-triggers-minor-crypto-market-downturn-amid-banking-sector-concerns/
A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims have the right to request the release of funds held in crypto accounts […] Source: https://news.bitcoin.com/new-uk-law-empowering-authorities-to-seize-and-destroy-crypto-assets-takes-effect-today/
The bank’s 32 branches in the United States will reportedly reopen under Fulton Bank starting next week. Source: https://cointelegraph.com/news/republic-first-bank-fdic-united-states-regulators-crypto
According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in the U.S., such as the Lummis-Gillibrand Payment Stablecoin Act, aim to […] Source: https://news.bitcoin.com/stablecoins-gain-ground-as-global-financial-asset/
The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily tradable, given their use in international payments. Swiss National Bank on […] Source: https://news.bitcoin.com/swiss-national-bank-chief-raises-concerns-about-adding-bitcoin-to-currency-reserves/
