Crypto Week in Review: Will the Real Satoshi Please Stand Up?

via Universal Pictures

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 ?

Bitcoin Twitter Rises in Solidarity After Craig Wright Threatens Hodlonaut (Legally)

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.

CME Bitcoin futures had a record-setting week
CME / Twitter
PewDiePie Bails on YouTube for Blockchain Streaming Platform DLive

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.

IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

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.

a16z and Polychain Invest $25 Million in Celo Gold Tokens

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.

China Moves to Eliminate Its Crypto Mining Industry

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.

Facebook Reportedly Courting VCs to Invest up to $1 Billion in New Cryptocurrency

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.

France Passes Bill to Allow Insurance Providers to Invest in Crypto and Tokens

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.

Crypto Exchange Bitstamp Receives New York BitLicense

Luxembourg-based crypto exchange Bitstamp announced Tuesday that it has become the latest company to gain a coveted BitLicense from the New York State Department of Financial Services.

SEC Cracks Down on ETF Names That Could Be Misleading Investors

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 Launches Its Crypto Debit Card in the United Kingdom

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.

Bittrex Users in New York Forced to Transfer Funds After BitLicense Rejection

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 ?

TRON (TRX) Price Rallies Above $0.03
Index Technicals Shed a Light on the Recent Crypto Market Price Action

More Headlines ?

Chinese Investors Are Paying a Premium OTC for Bitcoin (BTC)
Opera Releases Browser Update With Ethereum Wallet and Web 3.0 Compatibility
Coinbase Pro Lists EOS (EOS), Augur (REP) and Maker (MKR)
Dharma Now Offers Interest on Ethereum (ETH) and Dai (DAI)
Bitfinex Opens Its Professional Crypto Trading Platform to Everyone
Beaxy’s Third Round of Listings Includes Dogecoin (DOGE) and Zcoin (XZC)
Blockchain RPG Coins & Steel Launches Demo With Exclusive Skins
Coinbase CEO Shares Vague but Encouraging Growth Metrics
Enjin (ENJ) Adds Blockchain Game Assets to EnjinX
Blockstack Files for $50 Million Token Offering With the SEC
Privacy Coin Zcash (ZEC) to Undergo ‘Friendly’ Fork
Hashed’s New Incubator Will Initially Focus on Blockchain Gaming
Bitcoin (BTC) Continues to Gain Interest From Investors, VCs and Tech Companies
Webcam Porn Site CamSoda Now Accepts Crypto

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.

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