PRESS RELEASE. Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong’s commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is […] Source: https://news.bitcoin.com/bitcoin-conference-to-bring-star-studded-lineup-of-speakers-to-hong-kong-on-dawn-of-historic-etfs/
The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 2023, involves five banks in Russia and is expected to run until April, but can be extended. […] Source: https://news.bitcoin.com/bank-of-russia-and-rosfinmonitoring-reveal-fiat-to-crypto-tracking-system-pilot/
The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project. Source: https://cointelegraph.com/news/yuga-labs-restructures-layoffs-new-exec
The U.S. Department of Homeland Security (DHS) has enlisted a broad slate of AI industry leaders to establish the Artificial Intelligence Safety and Security Board, the agency announced on Friday. The DHS says the new body will play a crucial role in harnessing artificial intelligence for the protection of vital U.S. infrastructure—and to mitigate AI-powered threats. “Artificial intelligence is a…
On Friday, April 26, Acinq announced that its Lightning Network bitcoin wallet, Phoenix, will cease services for U.S. residents from May 3, 2024. This announcement followed closely on the heels of the Samourai Wallet indictment and what is perceived as a targeted U.S. government effort against financial privacy and non-custodial solutions. Lightning Network Platform Phoenix […] Source: https://news.bitcoin.com/acinq-to-withdraw-phoenix-wallet-from-us-markets-amid-regulatory-concerns/
This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more. Source: https://cointelegraph.com/news/crypto-biz-x-payment-system-block-bitcoin-mining
The lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the crypto space. Source: https://cointelegraph.com/news/john-deaton-brief-coinbase-sec-appeal
New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects. Source: https://cointelegraph.com/news/eu-defi-regulations-welcome-big-banks-challenge-crypto-natives
Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely […] Source: https://news.bitcoin.com/contrary-to-crypto-influencer-hype-data-reveals-it-is-not-altcoin-season/
This week witnessed a notable shift in the momentum of two of the most successful exchange-traded fund launches in history. BlackRock’s (NYSE:BLK)spot Bitcoin ETF, IBIT, renowned for its remarkable performance, experienced zero inflows on Wednesday and Thursday, marking the end of its 71-day streak of fresh investments totaling approximately $17.24 billion in assets under management since its trading approval on…
