The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework allowing certain crypto firms to qualify as state-chartered banks. In an April 10 court filing, Wyoming Attorney General Bridget Hill filed a motion to “intervene in the defense” of the…
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On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week, bringing them back to a net positive position year-to-date. However, despite this, “volumes were low at $970 million for the week.” The global…
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The Banque de France has contributed to the discussion of European crypto asset regulation with a close examination of decentralized finance (DeFi) and potential approaches to its regulation. The discussion is timely, given the growing use of tokenization in finance and the introduction of blockchain technology in many economic sectors, the authors said. The…
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Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that…
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The share of global crypto developers based in the United States declined by 26% from 2018 to 2022, according to a report from venture capital firm Andreessen Horowitz, also known as a16z. The report, titled “State of Crypto 2023,” cited data from Electric Capital and SimilarWeb to support its findings. Today, we’re excited to share…
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The International Monetary Fund has pointed to the collapse of FTX as well as “turmoil” in the banking sector in its calls for regulating digital assets. In its “Global Financial Stability Report” released on April 11, the IMF renewed calls for “comprehensive and consistent regulation and adequate supervision” following the failures of cryptocurrency firms including…
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Bitcoin (BTC) got busy testing $30,000 as new support at the April 11 Wall Street open after hitting new 10-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 surge decimates liquidity Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down from an overnight peak near $30,500. The pair had spent most of…
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On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power…
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ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to…
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Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the FTX demise and collapse of Silicon Valley Bank (SVB). Now, according to a job posting on the official government website, the U.S. Securities and Exchange Commission is seeking to…
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