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Bitcoin Holders Shift $1.75 Billion to ‘Accumulation’ Wallets Amidst Dip
Bitcoin holders transferred $1.75 billion worth of BTC to accumulation wallet addresses in a single day as the BTC price plummeted below $63K earlier this week. The transfer was disclosed by CryptoQuant on April 17. Bitcoin Holders BTC Transfer Breaks... -
Apple Doubles Down on Other Asian Countries Amid China Troubles
Apple is doubling down on other Asian countries as the company’s sales in China continue to be tepid. The structural US-China tensions are also prompting the iPhone maker to diversify its supply chain and reduce its reliance on China. Apple... -
Binance Converts $1Billion ‘SAFU’ Emergency Fund into USDC
Binance has recently converted its $1 billion Secure Asset Fund for Users (SAFU) into Circle's dollar-pegged USDC stablecoin. This strategic move was disclosed by the exchange on April 18. Binance SAFU to Leverage USDC Stability & Reliability Binance outlined in... -
Vietnam Plans to Establish Legal Framework for Cryptocurrencies by May 2025 Amidst Official Acknowledgment of Non-Prohibition Status
According to government officials in Vietnam, cryptocurrencies are not prohibited, but there is an urgent need for a legal framework to regulate their use. This framework is currently being developed by the Finance Ministry and is expected to be completed... -
Bank of Israel Official Expects CBDC to Improve Financial Competition
Bank of Israel Deputy Governor Andrew Abir had thrown his weight behind "Digital Shekel," Israel's proposed central bank digital currency (CBDC). He explained that the CBDC will be a competitive alternative to the various payment methods that have gradually displaced... -
Goldman Sachs Anticipates Gold Price to Hit $2,700 by Year’s End Due to Unexpected Strong Performance and Non-Traditional Factors
Goldman Sachs, a top investment bank, has revised its gold price prediction for 2024. They now forecast that gold will reach $2,700 per ounce by the end of the year. This increase in their estimate is due to gold performing... -
US Department of Justice Indicts Cryptojacker for Alleged $3.5M Fraud Scheme
The US Department of Justice (DOJ) had on April 15 charged Charles O. Parks III with money laundering and wire fraud after he allegedly masterminded a “large-scale illegal cryptojacking operation, which led to the loss of $3.5 million. He was... -
Hong Kong Regulator Approves Spot Bitcoin and Ether ETFs
On April 15, the Hong Kong Securities and Futures Commission (SFC) approved the first batch of spot Bitcoin and Ethereum exchange-traded funds (ETFs), a major leap that makes Hong Kong the first Asian country to embrace both crypto ETFs as... -
Ethereum Pectra Hard Fork Will Integrate EIP-3074 To Ease Private Keys Recovery
Tim Beiko, a prominent Ethereum developer, disclosed on April 11 that the upcoming hard fork dubbed “Pectra” will integrate the EIP-3074, which is designed to enable users to retrieve lost assets through a “social recovery” tool. EIP-3074 Upgrade Will Use... -
Paraguay’s Lawmakers Set to Reevaluate Bitcoin Mining Prohibition and Energy Supply to Miners
Paraguayan lawmakers suspended a proposed bill to ban Bitcoin mining as they weigh the economic value of redirecting excess energy from the Itaipu hydropower plant to crypto miners rather than exporting it to Brazil and Argentina. A public hearing scheduled...
