Lithuania to establish strict licensing regime for crypto firms by 2025

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SEC director refutes narrative that regulator lacks regulatory framework for crypto

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Coinbase embraces Bitcoin Lightning network to speed up transactions

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Cyprus’ 2013 banking crisis was Bitcoin’s origin as a safe haven asset

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UK regulators launch sandbox to integrate DLT with financial system

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) have announced the launch of the Digital Securities Sandbox (DSS) on April 3. The new framework aims to facilitate the use of emerging technologies, such as distributed ledger technology (DLT), in issuing, trading, and settling financial securities. It will allow participating firms to …

ETF Analyst Comments on ARKB Outflows: A Reality Check for Crypto’s Hodler Class

In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5 million. Despite ARKB’s significant outflow surpassing that of GBTC, Grayscale’s Bitcoin Trust also faced a reduction, with approximately $81.9 million being pulled from its funds. …

W Token’s Rollercoaster Day: From $1.25 Low to $1.66 All-Time High

Following Ethena’s ENA airdrop, the community has shifted its focus on Wormhole’s airdrop W, which has been listed on various centralized exchange platforms and coin market cap aggregators. The new token known as W has seen an extremely volatile day with the price tapping an all-time high at $1.66 per coin. Wormhole’s New Airdrop W …

Double or Nothing: Proshares Unveils BITU and SBIT ETFs for Bullish and Bearish Bitcoin Bets

On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and …

Analyst Unveils ‘Most Brutal Scenario for Ethereum’ (ETH), Warns Bitcoin (BTC) Could Witness More Losses

A crypto strategist is issuing a warning on Ethereum, saying that ETH is now in the midst of a major correction. Pseudonymous analyst Ali Martinez tells his 56,500 followers on the social media platform X that Ethereum is now bearish after breaking below support at $3,400. The trader shares a chart suggesting that ETH may …

Massive Exit Underway As Old Financial World Devalues Against Digital Assets: Investor Dan Tapiero

Investor Dan Tapiero says that traditional financial asset classes are experiencing a mass slow bleed as they devalue against digital assets. Speaking at the Bitcoin Investor Day event in New York, Dan Tapiero, the CEO of crypto investment firm 10T Holdings, says that even the obscure, low market cap crypto assets have grown exponentially against …

Unified Liquidity Platform Range Protocol Unveils Skate – the First Universal Application Layer Powering Apps To Run on All Chains With One State

April 3, 2024 – Singapore, Singapore Skate is backed by leading founders in Web 3.0, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41 and Galxe, supporting its vision to make Web 3.0 efficient for a modular future by solving application fragmentation. Range Protocol, a unified liquidity provisioning platform, today announced the launch of Skate, the universal …

Over 12,000,000 Binance Pay Users Can Now Use Memecoin Floki To Spend on Goods and Services

More than 12 million Binance Pay users can now use the dog-themed memecoin Floki (FLOKI) to purchase goods and services across the globe. Binance Pay is a crypto payment solution that has partnered with thousands of online and offline merchants. The Floki announcement materialized after an active couple of weeks for the memecoin. Floki and …

MakerDAO Considering Allocating Up to $600,000,000 in DAI in Arthur Hayes-Backed Stablecoin USDe

The decentralized finance (DeFi) protocol Maker (MKR) is considering allocating up to $600 million worth of its stablecoin DAI into markets for Ethena’s synthetic dollar, USDe. Last week, Maker deployed 100 million DAI to Spark’s sUSDe/DAI and USDe/DAI markets on Morpho Blue, a lending protocol on Ethereum (ETH). The move enabled “overcollateralized scalable liquidity for …

Nigeria and Interpol collaborate to extradite Binance executive amid money laundering charges

The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla, who is currently on the run, as reported by local media outlet Punch. Meanwhile, Binance has urged the Nigerian authorities to release its other executive, Tigran Gambaryan, currently within their hold. The firm said: “Binance …

Solana’s stablecoin supply surges past $3 billion, USDC leads the charge

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