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Europe tightens crypto regulations with new anti-money laundering laws
Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. According to the statement: “The new laws include enhanced due diligence measures and checks on customers’ identity,…
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US SEC expected to deny spot Ether ETFs next month
Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, while Hong Kong will start trading such products next week. The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether (ETH) exchange-traded funds (ETF) in May, according to a new report.Reuters reported on April 24 that…
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Jebara Igbara, AKA ‘Jay Mazini,’ Sentenced to 7 Years in Prison for Crypto-Related Fraud
Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.
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EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum
The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.
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BNB Chain will enable native liquid staking on BSC
The BNB Chain core development team said the move aims to streamline the network and improve efficiency. BNB Chain said it will enable native liquid staking on its BNB Smart Chain (BSC) as part of its shift to migrate the BNB Beacon Chain’s functions to BSC as the former is wound down. In an announcement sent…
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Morgan Stanley considers allowing brokers to recommend Bitcoin ETFs to clients
Morgan Stanley could soon allow its 15,000 brokers to recommend Bitcoin (BTC) exchange-traded funds (ETF) to their clients, AdvisorHub reported on April 24. The financial behemoth had initially greenlit BTC ETF purchases following approval earlier this year. However, these transactions were strictly initiated by customers, necessitating them to proactively engage with their advisors to delve…
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Nigeria puts faith in new crypto-friendly regulator
The Nigerian president appointed the new Securities and Exchange Commission (SEC) chair to regulate the capital market, bolster investor confidence and advance economic development. Nigeria’s blockchain stakeholders have expressed hope and confidence in the newly appointed Director-General of the Securities and Exchange Commission (SEC). The new SEC chair’s pro-crypto background is seen as an added…
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BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows
The BlackRock IBIT Bitcoin ETF’s monumental 71-day streak of inflows since its inception has finally come to an end, as April 24 saw zero net inflows for the fund. It reached the top 10 of the all-time ETF inflow streak chart before bowing out on a day when Bitcoin fell as much as 5.2% on…
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Tokenization’s next phase requires real-world data integration — Chainlink
Chainlink Labs’ director of capital markets said that enhancing tokens with real-world data could unlock better applications than traditional finance. Researchers from the blockchain oracle platform Chainlink believe asset managers have a “sizable” opportunity to jump into tokenization as financial assets infrastructures continue to go digital. In an industry report titled Beyond Token Issuance, blockchain oracle…
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Bitcoin short liquidation risk surges as BTC price dips under $64K
Liquidation levels form an increasingly large cloud above BTC spot price as Bitcoin rests near $64,000. Bitcoin (BTC) traded lower on April 25 after a fresh knee-jerk reaction to geopolitical news cost bulls up to 5%.Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to form support at $64,000 prior to the…
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