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In a recent regulatory change, the European Union (EU) has prohibited cryptocurrency transactions of any value made through unidentified self-custody crypto wallets. This update is a component of the region's newly implemented Anti-Money Laundering (AML) regulations.

According to a post by Patrick Breyer, a member of the European Parliament for the Deutsch Piraten Partei, the majority of the EU Parliament’s lead commission endorsed the prohibition on March 19.

#HotTrends #BNBChain #BOME #ID #POLYX

As the bankrupt FTX Derivatives Exchange prepares to settle obligations to creditors affected by its 2022 collapse, it has cautioned the public about its sole authorized investment manager.

FTX said on the X social platform that the sale of Digital Assets by FTX Debtors, mandated by the bankruptcy court, is solely managed by Galaxy Asset Management, the authorized investment manager. Therefore, only offers by Galaxy Asset Management will be accepted for selling or buying solicitations.

The statement made by FTX was to enlighten interested parties, especially institutional buyers who comply with the law. The firm mentioned that some unauthorized third parties have begun attempting to bid on behalf of certain FTX Debtors.

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Bitcoin (BTC) headed higher into the April 7 weekly close as uncharacteristic weekend BTC price action boosted bulls.

BTC/USD 1-hour chart. Source: TradingView

BTC price echoes initial run to $70,000

Data from Cointelegraph Markets Pro and TradingView showed a sudden move above $69,000 during the weekend, with Bitcoin hitting local highs of $69,781 on Bitstamp.

With the close now just hours away, traders evoked similar weekend scenarios, hoping that upside would continue into the new week.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

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Bankrupt crypto lending firm Genesis reportedly offloaded about 36 million shares of the Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin 

 as part of its preparations to settle its debts with creditors.

According to a recent Bloomberg report, Genesis liquidated approximately 36 million GBTC shares on April 2, valued at approximately $58.50 per share at that time.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

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The spot trading volume of Binance exchange hit the highest level since May 2021, following seven consecutive months of ascent, according to a new report from CCData.

According to an April 5 report by cryptocurrency analytics platform CCData, Binance’s spot trading volume increased by 121% to $1.12 trillion in March

The report said the combined market share of the exchange also increased by 1.04% to 44.1% in March.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

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Bitcoin 
has been witnessing a tough battle between the bulls and the bears near the $69,000 mark. Independent trader and analyst Daan Crypto Trades said in a X post that Bitcoin has been hovering around the 2021 cycle high for about four weeks. Historically, Bitcoin consolidates for about 4-8 weeks near the cycle highs before the price starts moving again.

#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

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Prominent blockchain sleuth ZachXBT has refused to assist holders of the Complex (SIMPLE) memecoin, minted on the Base blockchain, after its developers abruptly shut down the project on April 4.

“After careful consideration and with heavy hearts, we’ve made the difficult decision to sunset Complex,” the project wrote, adding: “While this project has been a labor of love and a source of inspiration for our team, recent instances of harassment have created an untenable environment that impacts the mental well-being of our members.” 

#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #BullorBear

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Binance is winding down support for Bitcoin 

 nonfungible tokens (NFTs) just a few months after introducing it to its marketplace. 

In a blog post on April 4, Binance announced efforts “to streamline product offerings” on the Binance NFT marketplace. As part of these efforts, the exchange’s marketplace is ceasing support for trades and deposits of Bitcoin Ordinals on April 18.

#BTCHalvingApril2024 #BullorBear #WIF #BullorBear #BinanceLaunchpool

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The recent influx of Ethereum stakers brought the market share of liquid staking solution Lido down to 29.57% from 32% in December 2023, helping reduce concerns around Lido’s growing influence on the ecosystem.

Lido’s popularity in Ether 

staking, coupled with the lack of competition in the space, allowed the platform to earn a lion’s share of the ETH staking market.

#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #BullorBear

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The Bank for International Settlements (BIS), along with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom, and the United States Federal Reserve Banks, have teamed up to explore asset tokenization within the monetary system alongside private financial institutions. 

#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #BullorBear

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US Security and Exchange Commission Commissioner Hester Peirce has taken another swipe at her agency, criticizing the regulator's guidance on crypto custody while calling for more interaction with the public. 

Speaking at the annual SEC Speaks Conference on April 2, Peirce — also known by crypto enthusiasts as ‘Crypto Mom’ — said that a "particularly pernicious weed” had sprung up in the SEC’s “secret garden” of policy guidelines. Her comments were made in response to the controversial Staff Accounting Bulletin 121 (SAB 121).

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

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Roughly $2 billion in Bitcoin 

previously seized by United States authorities and connected to the Silk Road marketplace has moved to a new address.

According to data from the blockchain on April 2, a wallet known to be associated with the U.S. Justice Department made a 0.001 BTC transaction to a Coinbase Prime address — possibly as a test transaction. Shortly thereafter, the same wallet transferred 30,174 BTC, or roughly $2 billion at the time of publication, to a new address. Online sleuths identified the DOJ wallet as that containing Bitcoin seized from James Zhong, who in 2022 was convicted of charges connected to “unlawfully obtained” crypto from Silk Road.

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BTC、

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Ethereum layer 2 Base has seen an 18-fold increase in cryptocurrency funds stolen from phishing scams in March compared to January figures, recent data shows.

Approximately $3.35 million was stolen from phishing scammers on Base in March alone, according to blockchain anti-scam platform Scam Sniffer.

#Memecoins #BinanceLaunchpool #BullorBear #BullorBear #WIF

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A new funding round is set to lift the valuation of Merkle Manufactory — the company behind the social network Farcaster — to the $1 billion mark, according to a Bloomberg report citing sources familiar with the matter. 

Leading the round is crypto investment firm Paradigm, whose portfolio includes major crypto firms, such as Coinbase, Blur, dYdX, Compound and Citadel Securities.

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

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Despite DeFi’s promise to mitigate the risks associated with CEXs, its highly fragmented nature hinders widespread adoption. With over 3,000 protocols across 227 chains, the DeFi ecosystem presents a daunting landscape for even the most experienced investors, making it challenging to set up comprehensive strategies without significant investment in time and development resources

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

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Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested that a recent “aggressive” crypto enforcement action could put the regulator at odds with the Securities and Exchange Commission.

In a March 29 statement, Pham said the CFTC appeared to have exerted authority over certain securities in its enforcement case against cryptocurrency exchange KuCoin. The commission charged the firm “with multiple violations of the Commodity Exchange Act (CEA) and CFTC regulations” on March 26, parallel to criminal charges from the U.S. Justice Department.

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #WIF

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fake token with the same name as Ethena Labs's ENA token has been exploited for 480 BNB 

tokens worth $290,000 on the Binance launch pool for farming. 

The vulnerability behind the exploit is still unknown. On-chain security firm PeckShield reported the incident at 8:31 am UTC on March 29 in an X post, mistaking the fake token for the real ENA token.

#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

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Memecoin degenerates have once again put their money on a swathe of questionable tokens — this time amid the historic sentencing of Sam Bankman-Fried, which saw him wrapped with a 25-year prison sentence. 

On March 28, Judge Lewis Kaplan sentenced Bankman-Fried to a total of 25 years in prison on seven counts of fraud, making the former CEO the first person from FTX to face prison for the collapse of the exchange in November 2022 — referred to as one of the biggest corporate collapses in United States history.

#WIF #sui #SHIB #APT #FET

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The White House has unveiled its inaugural comprehensive policy for managing the risks associated with artificial intelligence (AI), mandating that agencies intensify reporting on AI utilization and tackle potential risks posed by the technology.

According to a March 28 White House memorandum, federal agencies must, within 60 days, appoint a chief AI officer, disclose AI usage and integrate protective measures.

#WIF #sui #SHIB #APT #FET

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The Bitcoin 
halving in April will only be one small part of why the cryptocurrency could see phenomenal gains this year, according to multiple industry analysts.

Next month, the Bitcoin halving will reduce daily BTC production by about 450 BTC from the current average daily amount of 900 BTC, investment researcher Lyn Alden told Cointelegraph.

However, Alden said the amount of supply cut pales compared to daily fiat flows in and out of crypto exchanges and Bitcoin exchange-traded funds (ETFs).

#BTC #WIF #sui #SHIB #APT