The new legislation would impact crypto-asset service providers (CASPs), like centralized crypto exchanges under MiCA (Markets in Crypto-Assets Regulation). Source: https://cointelegraph.com/news/eu-crypto-regulations-combat-money-laundering
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2 on-chain metrics suggest Bitcoin at its ‘best moment to buy’
One crypto analyst says Bitcoin’s just undergone one of the “healthiest market resets” he has seen in a long time. Source: https://cointelegraph.com/news/2-on-chain-metrics-suggest-bitcoin-best-moment-to-buy-say-traders
‘Buy Bitcoin’ sign that photobombed Janet Yellen sells for $1M
The original scrawled sign was auctioned off by “Bitcoin Sign Guy” Christian Langalis for 16 BTC after apparently sitting in his sock drawer for years. Source: https://cointelegraph.com/news/buy-bitcoin-sign-behind-janet-yellen-auction-1-million
Runes make up 68% of all Bitcoin transactions since launch
Runes continues to make up the vast majority of Bitcoin transactions, however the fees earned by Bitcoin miners from Runes has slightly tailed off since the record-setting halving day. Source: https://cointelegraph.com/news/bitcoin-runes-make-up-68-of-all-transactions-since-launch
SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […] Source: https://news.bitcoin.com/sec-seeks-5-3-billion-in-final-judgment-against-do-kwon-and-terraform-labs/
Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators. Source: https://cointelegraph.com/news/bidens-capital-gains-tax-proposal-overblown-say-crypto-tax-commentators
BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time
BlackRock’s Bitcoin ETF inflow streak ended on April 24 after IBIT recorded no inflows for the day, according to data from Farside. Source: https://cointelegraph.com/news/blackrock-bitcoin-etf-no-inflow-first-time-since-launch
Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests
Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license. Snowden’s remarks show his ongoing support for financial privacy within the […] Source: https://news.bitcoin.com/edward-snowden-defends-crypto-privacy-criticizes-doj-for-samourai-wallet-arrests/
Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […] Source: https://news.bitcoin.com/meta-faces-tough-market-response-as-ai-investments-surge-and-metaverse-losses-continue/
S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape
According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New […] Source: https://news.bitcoin.com/sp-global-report-new-legislation-could-boost-us-stablecoin-landscape/