MiCA problem over DeFi
MakerDAO co-founder Rune Christensen has warned DeFi developers about a provision in the EU's MiCA rules that compels all DeFi frontends to register and operate under a licence. Christensen was critical, stating that it would
OTHER NEWS
Hack / Scam / Fraud
Time Waste in US court by SEC against Do Kwon
The Jury of Manhattan Court in New York has found Do Kwon and his firm Terr Labs likeable for civil fraud. That was the SEC, which put its weight against So Kwon. However, Do Kwon is not even in the US, so this is not going to add any weight.
Nayib Bukele offers seamless El Salvador citizenship to Global talents
El Salvador President Nayib Bukele has issued 5,000 passports worth $5 billion, encouraging talented people from all over the world to seek citizenship in his country. Bukele has also announced a 0% tax and tariff facility to help families and assets move seamlessly.
Altcoins & Blockchains
Andre Cronje defends Solana
The increasing demand in Solana's block space is giving evidence of overcrowding in Solana, some analysts are calling it a failure of Solana, but Andre Cronje (founder of Yearn, Keep3r, and co-founder of Fantom) has supported Solana considering it a bottleneck engineering issues and describing it as victim of success.
Dormant Bitcoin Whale Awakens
A dormant wallet containing 1701 BTC that awakened after over a decade. According to tracker Lookonchain, that whale received 4,272 $BTC at the average price of $29.39 each in 2013. Tracker Whale Alert noted the wallet transferred 245.99 BTC to two wallets (50 and 195 BTC), incurring blockchain fees of 0.00001374 BTC. The transfer was completed on Saturday, April 6, 2024, at 10:18:56 UTC.
Binance's 17th Proof of Reserves
The world's largest crypto exchange platform, Binance, has announced the 17th POR (proof-of-reserves). The data for the POR is based on April 1st. All assets are backed by reserves in a 1:1 ratio. Data proves that user reserves for BTC, ETH, and USDT increased compared to March. BINANCE has recorded 2.1 billion USDT inflows, which is the highest increase.
ANTI CRYPTO
Neel Kashkari attacks Crypto
Minneapolis Fed CEO Neel Kashkari has described cryptocurrencies as unworthy of developed democracies, linking them to business activities that break bank rules. In a way, this politician has accepted that people are getting economic freedom through crypto. However it took only a while for crypto community to hitback.
