Month: April 2024

The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated that appointing a receiver is the best way to protect investors’ assets, which are at risk of being depleted. Protecting Investors’ Assets The Australian Securities […] Source: https://news.bitcoin.com/australian-regulator-initiates-civil-proceedings-against-three-cryptocurrency-investment-firms/

The Hong Kong Securities and Futures Commission (SFC) has given the green light to several spot bitcoin and ethereum exchange-traded funds (ETFs), a move that signals substantial progress in the region’s crypto market, with approvals awarded to China Asset Management, Bosera Capital, and Hashkey Capital Limited, and an in-principle approval for Harvest Global Investments. These […] Source: https://news.bitcoin.com/hong-kong-approves-first-spot-bitcoin-and-ethereum-etfs/

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme. Bitcoin Reportedly Hurts El Salvador Credit Opportunities With […] Source: https://news.bitcoin.com/latam-insights-bitcoin-hurts-el-salvador-credit-opportunities-paraguay-supports-selling-power-to-crypto-miners/

In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital asset transactions. This pivotal case could set significant precedents for the cryptocurrency industry in the […] Source: https://news.bitcoin.com/coinbase-challenges-secs-definition-of-investment-contracts-in-crypto-transactions/

JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May. Crypto Market’s Downside Risk Warning Global investment banking giant JPMorgan published a report on Thursday, […] Source: https://news.bitcoin.com/jpmorgan-warns-of-downside-risk-in-crypto-markets/

Goldman Sachs, a leading investment banking institution, has updated its gold price forecast due to the unforeseen strong performance of the metal in 2024. In a note directed to investors, the bank expects gold to reach $2,700 per ounce by year’s end, pushed by non-traditional factors. Goldman Sachs Updates Gold Price Outlook to $2,700 per […] Source: https://news.bitcoin.com/goldman-sachs-raises-gold-price-forecast-to-2700-acknowledges-rise-not-caused-by-usual-macro-factors/

After months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their current course. Maintaining the Momentum of the Naira According to […] Source: https://news.bitcoin.com/volatile-nigerian-currency-rallies-12-becomes-best-performing-currency-in-april/

Anza, a collective of developers focused on the Solana blockchain, has produced a fix that aims to reduce the congestion that the network has been experiencing. The new version of Solana, now being tried in testnet, includes a feature called stake-weighted quality of service (SWQOS), that prioritizes transactions from higher quality validators. Solana Gears up […] Source: https://news.bitcoin.com/solana-developers-test-congestion-fixes-in-testnet-introduce-measures-to-prioritize-traffic/

Over the weekend, cryptocurrency assets saw a significant drop, with the crypto economy shedding more than 5% to fall to $2.3 trillion, while precious metals also saw declines, albeit less severe than the digital currency sector. Amidst the ongoing turmoil in the Middle East, gold fell by 1.18% in the last day; however, in contrast […] Source: https://news.bitcoin.com/gold-and-silver-weather-the-storm-as-middle-east-unrest-shakes-crypto-markets/

Voters who hold Bitcoin and other cryptocurrencies could have a decisive impact in the upcoming U.S. presidential election, according to the latest market commentary released this week by Galaxy Digital, a cryptocurrency financial services firm. The report points to recent polling showing growing crypto ownership, especially among younger voters and communities of color, and argues these “crypto voters” could determine…

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