Crypto Week in Review: Will the Real Satoshi Please Stand Up?
Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets.
Top Headlines This Week ?
Hodlonaut, a Bitcoin (BTC) community member perhaps best-known for starting the Lightning Network Trust Chain, was slapped with the threat of a libel suit from Craig Wright, the creator of Bitcoin SV (BSV), after he asserted that Wright was a “fraud” on Twitter.
Swedish YouTuber PewDiePie — who currently has around 94 million subscribers on his YouTube channel — says he’s leaving the mainstream platform to exclusively post on upstart blockchain-based platform DLive.
The International Monetary Fund and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times reported on April 12.
According to the report, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no monetary value and is being used for internal learning purposes.
According to the announcement, a16z crypto has purchased $15 million worth of Celo Gold and Polychain Capital has purchased $10 million, on top of a number of unnamed institutions across the Americas, EMEA and Europe that bring the total amount raised to $30 million.
According to a recent report by the South China Morning Post, The National Development and Reform Commission unveiled amendments earlier this week to the guidance for the country’s industrial structure, with crypto mining categorized as a sector that should be eliminated immediately — although the list is open for public consultation until May 7.
The New York Times’ Nathaniel Popper followed up on a previous story via a tweet thread, indicating that Facebook is currently courting venture capital firms to begin dumping large sums of capital into the new cryptocurrency. Popper notes that the current ask ranges as high as $1 billion.
On April 11, the National Assembly of France adopted a bill that is designed to stimulate local business development, including redirecting savings from individuals to businesses, according to local news agency Les Echos. According to Reuters, the Assemblee Nationale voted 147 in favor and 50 against.
Exchange-traded funds looking to tap some of the hottest investment trends are going undercover.
A growing number of thematic ETFs are changing their identities before they even start trading to conform to a decades-old rule that dictates what issuers can and can’t call their strategies. More than a third of such funds started last year tweaked their names during the regulator’s approval process, filings show; one fund that initially included blockchain in its name is now described as a “transformational data sharing” ETF.
Coinbase revealed Wednesday that it has launched the Coinbase Card, a Visa debit card that lets customers in the UK pay in-store and online using the digital currencies available on the exchange, including Bitcoin, Ethereum (ETH) and Litecoin (LTC). When users pay with the Coinbase Card, the crypto is instantly converted to fiat currency for the transaction.
Seattle-based cryptocurrency exchange Bittrex dropped its trading fee to 0% on Thursday for New York residents to help them move their funds from their platform following the rejection of the exchange’s BitLicense application by the NYDFS.
Video of the Week ?
7-Day Market Performance ?
- Top-100 Index (ALT100): -4.13%
- Exchange Tokens (ALTEXC): -1.01%
- Privacy Coins (ALTPRV): -0.92%
- Masternodes (ALTMSN): -7.92%
Market Movers ?
More Headlines ?
Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.