Coinatory

Investor sentiment in digital asset investment products remained tepid last week, as evidenced by the continued outflows from spot Bitcoin ETFs on April 29. According to data from SoSoValue, 11 U.S. spot Bitcoin ETFs collectively registered $51.53 million in outflows on that single day. In a notable shift within the sector, Grayscale’s GBTC, which typically leads this market, saw significant withdrawals. Investors pulled $24.66 million from GBTC, while ARK 21Shares’ BTC ETF experienced even larger outflows, totaling $31.34 million. Additionally, Fidelity’s spot Bitcoin ETF reported outflows of $6.85 million. Among the ETF issuers, five, including BlackRock’s IBIT fund, did not record any new inflows. Despite this, BlackRock has recently overtaken Grayscale as the foremost spot BTC ETF provider, trailing GBTC's market presence by a Read more about BlackRock's Bitcoin ETF Sees No New Investments for Fourth Day in a Row #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cry...

Hong Kong is poised to redefine the landscape of cryptocurrency investments with the launch of innovative Bitcoin and Ethereum exchange-traded funds (ETFs). These ETFs are scheduled to commence trading tomorrow at 9:30 a.m. EDT, and are expected to attract a first-day trading volume that surpasses that witnessed in the United States. Zhu Haokang, the head of digital asset management and family wealth at Huaxia, expressed his confidence in the potential of these ETFs. "We anticipate that the trading volume of Hong Kong's virtual asset spot ETFs on their inaugural day will exceed that of their US counterparts," Zhu noted. Earlier this year, the United States recorded a first-day trading volume of $125 million across various Bitcoin spot ETF issuers—a benchmark that Hong Kong aims to surpass. The new ETFs in Hong Kong distinguish t Read more about Hong Kong Set to Outpace US in First-Day Trading Volume with New Bitcoin, Ethereum ETFs #BTCETF, #Cryptocurrency, #Cryptomarket, ...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsRetail Sales (MoM) (Mar)  0.2%0.3%01:302 pointsChinese Composite PMI (Apr)---------52.701:303 pointsManufacturing PMI (Apr)50.350.801:302 pointsNon-Manufacturing PMI (Apr)52.253.001:452 pointsCaixin Manufacturing PMI (Apr)51.051.109:002 pointsCore CPI (YoY) (Apr)  2.6%2.9%09:002 pointsCPI (MoM) (Apr)  ---------0.8%09:003 pointsCPI (YoY) (Apr)  2.4%2.4%09:002 pointsGDP (YoY) (Q1)  0.2%0.1%09:002 pointsGDP (QoQ) (Q1)  0.1%0.0%12:302 pointsEmployment Cost Index (QoQ) (Q1)1.0%0.9%13:002 pointsS&P/CS HPI Composite - 20 n.s.a. (YoY) (Feb)6.7%6.6%13:002 pointsS&P/CS HPI Composite - 20 n.s.a. (MoM) (Feb)----------0.1%13:453 pointsChicago PMI (Apr)44.941.414:003 pointsCB Consumer Confidence (Apr)104.0104.720:302 pointsAPI Weekly Crude Oil Stock----------3.230M21:002 points Read more about Upcoming economic events 30 April 2024 #ECONOMICEVENTS, #Forecast, #UPC...

The cryptocurrency storage service endorsed by Binance, Trust Wallet, was reinstated on the Google Play Store after a brief removal on April 29. The removal led to a 5% drop in the value of Trust Wallet's token, TWT, as users grappled with the unexpected suspension by Google, with no prior public notification. Market watchers speculated that the action might be linked to a recent FBI advisory cautioning against platforms lacking stringent KYC procedures. In the midst of rampant speculation on social platforms, a representative from Trust Wallet addressed the situation via an email response to inquiries from crypto.news. The spokesperson stated that the issue pertained to adherence to Google's policies, and confirmed that the FBI's advisory had not directly influenced Google's initial decision to remove the app. Despite efforts to Read more about Trust Wallet Reinstated on Google Play Store Amid Security Speculations #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #New...

OpenAI, the trailblazer in artificial intelligence spearheaded by co-founder Sam Altman, is reportedly negotiating a strategic partnership with Worldcoin, a firm known for its innovative approach to universal basic income and identity verification through cryptocurrency, also initiated by Altman. According to Bloomberg, the proposed collaboration would involve OpenAI providing advanced AI technologies and services to Worldcoin, with potential for further integration and cooperative ventures in the future. This development arrives at a time when both OpenAI and Worldcoin are under increased regulatory scrutiny, a situation compounded by Altman's dual leadership roles. Alex Blania, CEO of Tools for Humanity, the parent company of Worldcoin, suggested to Bloomberg that the heightened scrutiny is directly linked to Altman’s high-profile Read more about OpenAI and Worldcoin Explore Strategic Partnership Amid Regulatory Glare #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious10:002 pointsEurogroup Meetings------------------19:202 pointsECB's De Guindos Speaks------------------23:502 pointsIndustrial Production (MoM) (Mar)3.4%-0.6% Read more about Upcoming economic events 29 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Franklin Templeton, a prominent asset management firm, has introduced its Ethereum exchange-traded fund (ETF) called the "Franklin Ethereum TR Ethereum ETF," bearing the ticker code EZET. This significant move involves the ETF's listing on the website of the Depository Trust and Clearing Corporation (DTCC), a pivotal entity for securities transactions in the United States. The appearance of the ETF under the DTCC's "Create/Redeem" section is a crucial step in its operational deployment, indicating that it is now set up for creation and redemption. It is important to note that this listing does not equate to an endorsement from the U.S. Securities and Exchange Commission (SEC), as approval from the agency is still pending. The presence on the DTCC platform implies that the ETF has met certain registration and compliance Read more about Franklin Templeton Advances with Ethereum ETF Listing Awaiting SEC Nod #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptone...

In a significant policy shift, the Depository Trust & Clearing Corporation (DTCC), a key player in financial services providing essential clearing and settlement services, has declared that it will not assign any collateral value to exchange-traded funds (ETFs) with exposure to Bitcoin or other cryptocurrencies. This decision, effective April 30, 2024, will also prevent the extension of loans against such financial instruments. The announcement comes as part of the DTCC's annual review of its line-of-credit facilities, where it has decided to recalibrate the collateral values assigned to certain securities. This recalibration will see cryptocurrencies entirely excluded from collateral consideration, marking a 100% reduction in their collateral value. This move could reshape the valuation dynamics within the collateral monitoring Read more about DTCC Declines Collateral for Crypto-Linked ETFs, Amid Broader Market Shifts #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #R...

Prominent cryptocurrency advocate and legal expert John Deaton is slated to file an amicus brief today, April 26, in support of Coinbase's petition for an interlocutory appeal. This move underscores a significant development in the ongoing debate over cryptocurrency regulation. According to Eleanor Terrett of Fox News, Deaton’s brief aims to address the critical demand for clearer regulatory guidelines within the digital asset space. His submission draws attention to what he perceives as the U.S. Securities and Exchange Commission's (SEC) erratic regulatory framework, which he argues has adversely affected industry stakeholders. Deaton's critique extends to the SEC's fluctuating stance on the classification of crypto tokens as securities. He is poised to leverage previous court rulings involving major cases like Ripple, LBRY, and Read more about Crypto Advocate John Deaton to Bolster Coinbase’s Legal Challenge Against SEC #Cryptocurrency, #Cryptomarket, #Cryptonewstoday...

Ripple, the prominent blockchain payments company, has transitioned its On-Demand Liquidity (ODL) services for U.S. clients from its native XRP token to Tether’s USDT stablecoin. This strategic pivot follows a pivotal court decision that declared the institutional sales of XRP tokens a violation of U.S. securities laws. In response to the legal constraints, Ripple has recalibrated its business operations by partnering with entities outside the U.S. to manage XRP sales to its ODL clientele. This realignment facilitates U.S. clients to employ USDT as a bridge currency in their transactions, thus ensuring compliance and continuity in services. Monica Long, President of Ripple, has been proactive in adhering to these regulatory demands, as noted by Moon Lambo, a prominent XRP-focused YouTuber. According to Moon Lambo, Ripple's s Read more about Ripple Adopts USDT for ODL Services in the U.S. Amid Regulatory Compliance #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulatio...

At the recent Global Internet Economy conference, Stripe disclosed its plans to reintroduce cryptocurrency payments. The announcement came during the event's climax, in a keynote titled "The Future of Payments," delivered by Stripe's President, John Collison. Collison revisited Stripe's historical engagement with cryptocurrencies, noting that their journey with digital currencies began years ago. He recalled the company's initial foray into supporting Bitcoin in 2018, which was eventually phased out due to its limited adoption. With renewed vigor, Collison shared the company's enthusiasm for reintegrating cryptocurrency payments, specifying that this time, the focus would solely be on the Circle’s USDC stablecoin to ensure an enhanced payment experience. The revival of crypto payments at Stripe is driven by the tangible i Read more about Stripe Revives Cryptocurrency Payments, Focuses on USDC Integration #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #N...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsPPI (YoY) (Q1)---------4.1%01:302 pointsPPI (QoQ) (Q1)---------0.9%02:302 pointsBoJ Monetary Policy Statement------------------02:302 pointsBoJ Outlook Report (YoY)  ------------------03:003 pointsBoJ Interest Rate Decision0.10%0.10%06:302 pointsBoJ Press Conference  ------------------08:002 pointsECB's De Guindos Speaks------------------12:303 pointsCore PCE Price Index (YoY) (Mar)2.6%2.8%12:303 pointsCore PCE Price Index (MoM) (Mar)0.3%0.3%12:302 pointsPCE Price index (YoY) (Mar)2.6%2.5%12:302 pointsPCE price index (MoM) (Mar)0.3%0.3%12:302 pointsPersonal Spending (MoM) (Mar)0.6%0.8%14:002 pointsMichigan 1-Year Inflation Expectations (Apr)3.1%3.1%14:002 pointsMichigan 5-Year Inflation Expectations (Apr)3.0%3.0%14:002 pointsMichigan Consumer Expectations (Ap Read more about Upcoming economic events 26 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

The BlackRock iShares Bitcoin Trust (IBIT), a pioneering figure in the U.S. Bitcoin ETF landscape, has recorded its inaugural day without new inflows since the advent of these funds in the United States this past January. Despite a robust beginning with continuous daily inflows amassing approximately $15.5 billion within the first 71 days, April 24 marked a notable shift as IBIT logged zero new investments. This stagnation in inflows was not isolated to BlackRock. The U.S. Bitcoin ETF market, comprising 11 registered funds, saw minimal activity with only the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) registering inflows of $5.6 million and $4.2 million, respectively. Conversely, the Grayscale Bitcoin Trust ETF (GBTC) reported significant outflows, losing $130.4 million on the same day, netting a Read more about BlackRock's IBIT ETF Observes No New Inflows for the First Time Since Launch #Bitcoin, #BitcoinETF, #BTC, #BTCETF, #Cryptocurrency, #Crypto...

The development team behind the TON blockchain has officially declared a notable reduction in transaction fees by 2.5 times across its network. This strategic move aims to enhance the blockchain's efficiency and user affordability. Detailed in the announcement, transaction fees within the TON network will now be dynamically adjusted based on the dollar value of its native token, Toncoin. Initially, the cost for the first transaction using Jettons is set at approximately $0.06, with subsequent transactions costing around $0.04. Furthermore, a specific reduction has been applied to transactions involving the USDT stablecoin, commencing April 16. The revised fee structure offers a reduced rate of 0.02 TON for the first transaction, down from 0.032 TON, and 0.0145 TON for subsequent transactions, promoting more frequent use of this Read more about TON Blockchain Announces Substantial Cuts to Transaction Fees #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #TON, #...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious07:002 pointsECB's Schnabel Speaks------------------08:002 pointsECB Economic Bulletin  ------------------12:302 pointsContinuing Jobless Claims1,810K1,812K12:302 pointsGDP (QoQ) (Q1)  2.5%3.4%12:302 pointsGDP Price Index (QoQ) (Q1)3.0%1.7%12:302 pointsGoods Trade Balance (Mar)  -91.10B-91.84B12:302 pointsInitial Jobless Claims214K212K12:302 pointsRetail Inventories Ex Auto (Mar)  ---------0.4%14:002 pointsPending Home Sales (MoM) (Mar)0.3%1.6%17:002 points7-Year Note Auction---------4.185%20:302 pointsFed's Balance Sheet---------7,406B23:302 pointsTokyo Core CPI (YoY) (Apr)2.2%2.4% Read more about Upcoming economic events 25 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding Grayscale's application to transform its Ethereum Trust into a spot Ethereum ETF. The regulatory authority has set a new decision deadline for June 23, as it requires additional time to review the proposal and address concerns highlighted in the amended application. In a detailed statement, the SEC expressed the necessity for an extended period to adequately assess the rule change proposal and its implications, as outlined in Amendment No. 1. This amendment is critical as it pertains to allowing U.S. national securities exchanges to list and trade this new type of ETF. Grayscale initially filed a Form 19b-4 with NYSE Arca in October, seeking to convert its existing Ethereum Trust (ETHE) into a spot ETF. This filing follows the successful Read more about SEC Postpones Decision on Grayscale's Ethereum ETF Application #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETH, #EthEtf, #Ethereum, #E...

Cybersecurity leader Kaspersky has documented a marked increase in fraudulent activities aimed at holders of Toncoin, the native cryptocurrency of The Open Network (TON). This upsurge in scams coincides with heightened interest in the TON blockchain, notably since Telegram, the popular messaging service, enhanced its support for TON. From November 2023, a notable rise in deceptive schemes ensnaring Toncoin investors has been observed. These fraudsters typically entice victims via a Telegram bot purporting to be a secure cryptocurrency storage solution. Users are misled into linking their Web3 wallets to the bot, which subsequently coerces them into purchasing so-called "boosters" under the guise of facilitating earnings. Unfortunately, such purchases result in the irreversible loss of control over their digital assets. The Read more about Surge in Scams Targeting Toncoin Investors Amidst Growing Blockchain Interest #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Reg...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsCPI (YoY) (Q1)3.4%4.1%01:302 pointsCPI (QoQ) (Q1)0.8%0.6%01:302 pointsTrimmed Mean CPI (QoQ) (Q1)0.8%0.8%08:152 pointsECB Supervisory Board Member Tuominen Speaks  ------------------10:002 pointsEurogroup Meetings------------------12:302 pointsCore Durable Goods Orders (MoM) (Mar)0.3%0.3%12:303 pointsDurable Goods Orders (MoM) (Mar)2.5%1.3%13:152 pointsECB McCaul Speaks  ------------------14:002 pointsECB's Schnabel Speaks  ------------------14:303 pointsCrude Oil Inventories1.700M2.735M14:302 pointsCushing Crude Oil Inventories---------0.033M16:302 pointsAtlanta Fed GDPNow (Q1)2.9%2.9%17:002 points5-Year Note Auction---------4.235% Read more about Upcoming economic events 24 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

The Shiba Inu project team has successfully secured a $12 million investment to propel the development of a pioneering Layer 3 network. This new initiative leverages the homomorphic encryption technology provided by Zama, previously attracting a substantial $73 million in funding. The anticipated test version of this Layer 3 network is slated for release in the third quarter of 2024, aiming to meet stringent regulatory standards while prioritizing the security and privacy of its users. This financial boost was achieved through the sale of the TREAT token to a select group of venture investors. The forthcoming blockchain network emphasizes privacy and will be constructed atop Shibarium, Shiba Inu’s Layer 2 solution designed to enhance Ethereum scalability. Despite the significant interest from the investment community, Shytoshi K Read more about Shiba Inu Secures $12 Million Investment for Advanced Layer 3 Network Development #Altcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstod...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Japan Services PMI---------54.108:002 pointsHCOB Eurozone Manufacturing PMI (Apr)  46.546.108:002 pointsHCOB Eurozone Composite PMI (Apr)  50.850.308:002 pointsHCOB Eurozone Services PMI (Apr)  51.851.508:152 pointsECB Supervisory Board Member Fernandez-Bollo Speaks  ------------------10:002 pointsEurogroup Meetings------------------12:002 pointsBuilding Permits1.458M1.524M13:452 pointsS&P Global US Manufacturing PMI (Apr)  52.051.913:452 pointsS&P Global Composite PMI (Apr)  ---------52.113:452 pointsS&P Global Services PMI (Apr)52.051.714:002 pointsNew Home Sales (MoM) (Mar)----------0.3%14:002 pointsNew Home Sales (Mar)668K662K17:002 points2-Year Note Auction---------4.595%20:302 pointsAPI Weekly Crude Oil Stock---------4.090M Read more about Upcoming economic events 23 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a strategic revival of efforts to bolster Switzerland's financial independence, a cohort of Swiss Bitcoin advocates, led by Yves Bennaïm of the non-profit think tank 2B4CH, has initiated a renewed campaign. This movement aims to persuade the Swiss National Bank to adopt Bitcoin (BTC) into its reserves via a constitutional referendum, citing the enhancement of Switzerland's sovereignty and neutrality amid rising global instability. Yves Bennaïm, while addressing Neue Zürcher Zeitung on April 20, disclosed the final stages of preparations, which include the organizational setup and drafting of the necessary documents. These documents are slated for submission to the State Chancellery, marking the commencement of the referendum process. The campaign must gather 100,000 signatures from Swiss citizens within an 18-month window to meet Read more about Swiss Bitcoin Advocates Revive Campaign for BTC Inclusion in National Bank Reserves #Bitcoin, #Blockchain, #Cryptocurrency, #...

In an era punctuated by financial innovations, Bitcoin, represented by its ticker BTC and priced at $64,748, has become synonymous with both volatility and viral culture. This week, the cryptocurrency sector not only celebrated the iconic April 20th halving event but also witnessed the continuation of a notable inflow streak into the United States' largest spot Bitcoin exchange-traded fund (ETF). On the digital stage of X (previously known as Twitter), Bloomberg Intelligence's ETF analyst Eric Balchunas highlighted the serendipitous confluence of these events. Remarkably, the halving day coincided with the 69th consecutive day of inflows into BlackRock’s iShares Bitcoin Trust (IBIT), the foremost ETF in terms of assets under management within the domain. Balchunas commented on the alignment as "a little too perfect," reflecting the u Read more about BlackRock's Bitcoin ETF Experiences Continued Strong Inflows, Coinciding with the April 20th Halving Event #Bitcoin,...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:152 pointsChina Loan Prime Rate 5Y (Apr)3.95%3.95%01:152 pointsPBoC Loan Prime Rate3.45%3.45%10:002 pointsEurogroup Meetings------------------15:302 pointsECB President Lagarde Speaks------------------ Read more about Upcoming economic events 22 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a strategic policy shift, HashKey Group, headquartered in Hong Kong, declared its imminent cessation of all financial transactions linked to Binance, including deposits and withdrawals. The directive, effective from next month, will see the suspension of deposits by May 10 and withdrawals by May 17, as stated in HashKey's announcement on April 19. The reasons behind this decision were not elaborated upon, with HashKey merely citing a "policy change." Nevertheless, the exchange will maintain its services for transactions involving cryptocurrency assets to and from verified and authenticated non-custodial, or 'whitelisted,' wallet addresses. This development marks another significant setback for Binance amidst increasing regulatory scrutiny worldwide. Earlier in February, the Nigerian government imposed a ban on Binance over Read more about HashKey Suspends Transactions with Binance Amid Increasing Global Regulatory Pressures #Cryptocurrency, #Cryptomarket, #Cryp...

The TON Foundation has unveiled a new incentive scheme in collaboration with Tether, aiming to boost the integration and usage of the USDT stablecoin within its network. A recently issued statement by the foundation detailed an allocation of 11 million Toncoin (TON) specifically set aside to reward early adopters of USDT on the TON blockchain. This initiative seeks to foster broader adoption of the stablecoin by offering significant incentives for participation. As part of the integration, the TON network will feature comprehensive on-ramps fully compatible with numerous global fiat currencies at its inception. Additionally, forthcoming features will include integrated off-ramps, allowing for straightforward withdrawals of supported fiat currencies directly into users’ bank accounts or cards. In a breakdown of the allocation, t Read more about TON Foundation Designates 11 Million Toncoin to Incentivize USDT Adoption on Its Network #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, ...

The TON network has witnessed a significant surge in its total value locked (TVL), crossing the impressive $148 million threshold, establishing a new peak in its financial trajectory. According to data from DefiLlama, this marks a near triple increment in just a month and an exponential increase of over ten times within the past year. As of the latest figures, TON’s TVL stands at $146.4 million. Prominent among the TON-based initiatives are Tonstakers, a liquid staking protocol, and STON.fi, a decentralized exchange. These platforms have been pivotal in this growth, with current locked values amounting to $200 million and $83.4 million respectively. Parallel to the network’s thriving TVL, the valuation of its native cryptocurrency, Toncoin (TON), has also seen a substantial rise. Over the past month, Toncoin's price escalated by m Read more about TON Network's TVL Soars to $148 Million, Achieving Triple Growth in Just One Month #Cryptocurrency, #Cryptomarket, #Cryptonewstoda...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious10:002 pointsEurogroup Meetings------------------17:002 pointsU.S. Baker Hughes Oil Rig Count---------50617:002 pointsU.S. Baker Hughes Total Rig Count---------61719:302 pointsCFTC Crude Oil speculative net positions---------297.1K19:302 pointsCFTC Gold speculative net positions---------202.4K19:302 pointsCFTC Nasdaq 100 speculative net positions---------7.5K19:302 pointsCFTC S&P 500 speculative net positions----------62.9K19:302 pointsCFTC AUD speculative net positions----------92.3K19:302 pointsCFTC JPY speculative net positions----------162.2K19:302 pointsCFTC EUR speculative net positions---------32.7K Read more about Upcoming economic events 19 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a pivotal move, Tether, the pioneering stablecoin issuer, has announced a strategic reorganization aimed at broadening its business horizons beyond the stablecoin market. This restructuring introduces four distinct divisions, each designed to enhance the company's influence in the burgeoning web3 industry. The newly formed divisions are as follows: Tether Data: This division will focus on strategic technology investments, aiming to bolster Tether's footprint in the tech landscape. Tether Finance: Dedicated to digital asset services, this department will provide robust financial solutions in the digital space. Tether Power: Responsible for overseeing the company's engagements in the mining sector and managing its energy resources. Tether Edu: This educational division will concentrate on developing and disseminating Read more about Tether Embarks on Strategic Diversification, Venturing Beyond Its Stablecoin Foundations #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ne...

Canada has escalated its regulatory oversight of cryptocurrency operations as per its 2024 federal budget announced on April 16. The forthcoming legislation will implement the Crypto-Asset Reporting Framework (CARF), sanctioned by the Organisation for Economic Co-operation and Development (OECD) in August 2022. This initiative responds to the G20's 2021 directive for the OECD to craft a framework to facilitate the automatic exchange of tax information related to crypto assets. Under the new regulations, all entities engaged in crypto asset services, including exchanges, brokers, dealers, and ATM operators, must annually submit detailed transaction records to the government. The required disclosures encompass transactions across various cryptocurrencies, transactions between cryptocurrencies and fiat currencies, and transfers of Read more about Canada Bolsters Crypto Regulatory Framework with Enhanced Reporting Measures in 2024 Budget #Bitcoin, #Canada, #Cryptocurrency, #Cryptomarke...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsEmployment Change (Mar)7.2K116.5K01:302 pointsFull Employment Change (Mar)---------78.2K01:302 pointsUnemployment Rate (Mar)3.9%3.7%01:302 pointsBoJ Board Member Noguchi Speaks  ------------------07:152 pointsECB's De Guindos Speaks  ------------------10:002 pointsEU Leaders Summit  ------------------10:002 pointsEurogroup Meetings------------------12:302 pointsContinuing Jobless Claims---------1,817K12:303 pointsInitial Jobless Claims215K211K12:303 pointsPhiladelphia Fed Manufacturing Index (Apr)1.53.212:302 pointsPhilly Fed Employment (Apr)----------9.613:052 pointsFOMC Member Bowman Speaks  ------------------13:152 pointsFOMC Member Bowman Speaks  ------------------13:152 pointsFOMC Member Williams Speaks  ------------------14:002 pointsExisting Home Sales (MoM) (Mar)- Read more about Upcoming economic events 18 April 2024 #ECONOMICEVENTS, #Forecast, #UPC...

Norwegian regulators are poised to implement a new legislative framework specifically targeting data centers, including those engaged in cryptocurrency mining operations. This initiative, reported by the Norwegian news outlet VG, will require data centers to formally register and disclose detailed information about their ownership, leadership, and the nature of the services provided. This pioneering legislation will establish Norway as the inaugural European country to impose regulatory measures on the data center sector. Digitalization Minister Karianne Tung emphasized the strategic intent behind the legislation, stating, "The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want." The law aims to empower local government officials with enhanced oversight capabilities, thereby Read more about Norway Introduces Pioneering Legislation to Regulate Crypto Mining Operations #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonews...

In a notable shift within the cryptocurrency investment landscape, Grayscale Bitcoin Trust (GBTC) has seen its Bitcoin holdings halve since transforming into a spot Exchange-Traded Fund (ETF). Originally holding approximately 619,220 BTC at its inception on the New York Stock Exchange, GBTC's assets have dwindled to 311,621 BTC as of April 16, according to data from Coinglass. This stark reduction in cryptocurrency volume stands in contrast to other market players such as BlackRock and Fidelity, who have also ventured into similar investment vehicles but have not experienced as significant an asset depletion. Despite the loss in volume, the value of assets under management (AUM) for GBTC has decreased by a relatively smaller margin—31%—from $28.7 billion to $19.6 billion. This discrepancy is largely due to a substantial 38% rise in B Read more about Grayscale Bitcoin Trust Faces Substantial Asset Decline Post ETF Transition #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomark...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious09:002 pointsCore CPI (YoY) (Mar)2.9%3.1%09:002 pointsCPI (MoM) (Mar)0.8%0.6%09:003 pointsCPI (YoY) (Mar)2.4%2.6%10:002 pointsEU Leaders Summit------------------10:002 pointsEurogroup Meetings------------------14:303 pointsCrude Oil Inventories---------5.841M14:302 pointsCushing Crude Oil Inventories----------0.170M15:452 pointsECB's Schnabel Speaks------------------16:002 pointsECB President Lagarde Speaks------------------17:002 points20-Year Bond Auction---------4.542%18:002 pointsBeige Book------------------20:002 pointsTIC Net Long-Term Transactions (Feb)40.2B36.1B21:302 pointsFOMC Member Mester Speaks------------------22:302 pointsFOMC Member Bowman Speaks------------------ Read more about Upcoming economic events 17 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a remarkable display of resilience, Uniswap's average daily trading volume has surged to $3 billion over the past week, according to data from DefiLlama. From April 10 to April 15, the decentralized exchange (DEX) achieved an impressive daily trading volume of approximately $3.08 billion, marking a significant milestone in its operational history. This increase in trading activity comes despite potential regulatory hurdles posed by the U.S. Securities and Exchange Commission (SEC). Notably, the DEX's trading volumes have remained robust, fluctuating between $2.6 billion and $3.9 billion in the last five days, indicating a steady user engagement despite the increased risk of legal challenges. As of April 16, Uniswap reported a total value locked (TVL) of $6.62 billion and a market capitalization of $5.65 billion. However, the Read more about Uniswap's Trading Volume Surges to $3 Billion Amidst SEC Scrutiny #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ne...

Polygon Labs has successfully obtained the ISO 27001 certification, a prestigious global standard for information security management systems (ISMS), according to a recent announcement on their official blog. The certification process was rigorously conducted by Schellman Compliance, which confirmed Polygon Labs' compliance with the stringent requirements of the ISO standards. ISO 27001 is internationally recognized and outlines comprehensive requirements for establishing, implementing, maintaining, and continually improving an ISMS. This framework assists organizations in managing and protecting their information assets so that they remain safe and secure, ensuring the confidentiality, integrity, and availability of critical data. By acquiring the ISO 27001 certification, Polygon Labs demonstrates a steadfast dedication to the Read more about Polygon Labs Secures ISO 27001 Certification, Enhancing Blockchain Security Standards #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptone...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:002 pointsFOMC Member Daly Speaks------------------02:002 pointsFixed Asset Investment (YoY) (Mar)4.0%4.2%02:002 pointsGDP (QoQ) (Q1)---------1.0%02:003 pointsGDP (YoY) (Q1)4.8%5.2%02:002 pointsChinese GDP YTD (YoY) (Q1)5.0%5.2%02:002 pointsIndustrial Production (YoY) (Mar)5.4%7.0%02:002 pointsChinese Industrial Production YTD (YoY) (Mar)6.0%7.0%02:002 pointsChinese Unemployment Rate (Mar)5.2%5.3%02:002 pointsNBS Press Conference------------------09:002 pointsTrade Balance (Feb)---------11.4B09:002 pointsZEW Economic Sentiment (Apr)37.233.510:002 pointsEurogroup Meetings------------------12:302 pointsBuilding Permits (Mar)  1.514M1.524M12:302 pointsHousing Starts (MoM) (Mar)---------10.7%12:302 pointsHousing Starts (Mar)1.480M1.521M13:152 pointsIndustrial Production (YoY) ( Read more about Upcoming economic events 16 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a significant development in the realm of digital currencies, the UK government is gearing up to introduce an extensive regulatory framework for stablecoins along with other cryptocurrency services including staking, exchange, and custody by the third quarter of this year. The announcement was made by Economic Secretary Bim Afolami during the Innovate Finance Global Summit. Afolami highlighted the swift progress in establishing this regulatory framework, noting that legislation is swiftly advancing to solidify the new regulatory proposals. This forthcoming legislation is set to usher various cryptocurrency operations such as exchanges and custodial services into the realm of regulatory oversight for the first time. The groundwork for these regulations was laid last year through a substantial financial markets bill that classified Read more about UK Set to Enforce New Regulatory Framework for Cryptocurrencies and Stablecoins by Third Quarter #UK, #UKGovernment

In recent developments, the Nigerian Web3 industry faces heightened uncertainty following severe regulatory actions against key Binance executives. This crackdown is causing a significant retreat among investors from the nation’s blockchain initiatives, revealing deep concerns over the operational safety and regulatory environment within the country. Lucky Uwakwe, Chairman of Nigeria's Blockchain Industry Coordinating Committee (BICCoN), shared insights in a detailed interview with Cointelegraph about the prevailing investor sentiment. The narrative that has been unfolding is worrisome for stakeholders within the digital asset space. Notably, the backlash from the government's stringent stance on Binance, a leading global cryptocurrency exchange, has not only stifled current investment flows but is also subtly coercing existing i Read more about Regulatory Challenges for Web3 in Nigeria Amidst Binance Crackdown #Binance, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #C...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious09:002 pointsIndustrial Production (MoM) (Feb)0.8%-3.2%12:002 pointsECB's Lane Speaks  ------------------12:303 pointsCore Retail Sales (MoM) (Mar)0.5%0.3%12:302 pointsFOMC Member Williams Speaks------------------12:302 pointsNY Empire State Manufacturing Index (Apr)-5.20-20.9012:302 pointsRetail Control (MoM) (Mar)---------0.0%12:303 pointsRetail Sales (MoM) (Mar)0.4%0.6%14:002 pointsBusiness Inventories (MoM) (Feb)0.3%0.0%14:002 pointsRetail Inventories Ex Auto (Feb)0.4%0.3%18:002 pointsAtlanta Fed GDPNow (Q1)  2.4%2.4% Read more about Upcoming economic events 15 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

A well-documented group with a history of blockchain fraud has initiated a new scheme on the Blast network. On-chain detective ZachXBT has revealed that this group transferred roughly $1 million in laundered money to Base, setting the stage for their latest deceptive enterprise. Originally, the funds were moved from an Ethereum (ETH) address associated with prior fraudulent activities. These funds were routed through the Polygon network, eventually reaching another address. This operation involved converting the assets to wrapped Ether (wETH) and circulating them across various blockchain networks via bridging services, including Orbiter and Bungee. This intricate movement of funds culminated in their transfer to the Blast network, where they purportedly financed an address linked to Leaper Finance. Leaper Finance is recognized as a Read more about Emerging Blockchain Fraud: New Scheme Detected on Blast Network #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Sca...

The recent upheaval in the cryptocurrency market, resulting in a substantial $860 million sell-off, was primarily fueled by escalating geopolitical tensions between Iran and Israel, as reported by QCP Capital. Historical data suggests that geopolitical instabilities often prompt investors to retreat from high-risk assets, such as cryptocurrencies, in favor of more secure alternatives. This investor behavior typically triggers widespread sell-offs across various risk asset categories, as evidenced by the nearly 5% drop in the overall cryptocurrency market capitalization within a 24-hour period. During this timeframe, approximately 261,054 traders experienced the repercussions, with significant liquidations taking place. Further insights from QCP Capital highlighted the influence of the Ethereum (ETH) risk reversal indicator on the Read more about Geopolitical Tensions and Negative Funding Rates Catalyze $860 Million Crypto Market Sell-Off #Cryptocurrency, #Cryptomarket, #Cryptonewstoday...

The United States government currently holds the title as the preeminent Bitcoin custodian globally, amassing approximately $14.7 billion in Bitcoin (BTC) assets. According to recent data from Arkham, the U.S. treasury's wallets contain 212,847 BTC, positioning it just slightly behind MicroStrategy's holdings of 214,246 BTC, which are presently valued at $14.8 billion. In addition to its Bitcoin portfolio, the U.S. has accrued substantial amounts of other cryptocurrencies, including Ethereum (ETH) and stablecoins such as USDC and Tether (USDT), with a combined market value nearing $200 million. The United Kingdom ranks as the second-largest national holder of Bitcoin, with holdings valued at nearly $4.2 billion, followed by Germany with Bitcoin assets worth around $3.4 billion. Notably, the data indicates that these nations do not Read more about U.S. Government Dominates Global Bitcoin Reserves with $15 Billion Asset Valuation #Bitcoin, #Cryptocurrency, #Cryptomarket, #Crypton...

Hong Kong's financial regulators are on the cusp of approving the first exchange-traded funds (ETFs) for Bitcoin and Ethereum, marking a significant milestone in the cryptocurrency sector of Asia. Bloomberg reports that the announcement could come by April 15, establishing Hong Kong as the pioneer in Asia's cryptocurrency ETF market. The first approvals are likely to be granted to an international division of China's Harvest Fund Management Co. and a collaborative effort between Bosera Asset Management (International) Co. and HashKey Capital. These approvals are pending final verifications. Pending final endorsement from the Securities and Futures Commission (SFC) and completion of listing agreements with Hong Kong Exchanges & Clearing Ltd, both asset management firms aim to launch their ETFs by the end of April. This follows Read more about Hong Kong Set to Greenlight Pioneering Bitcoin and Ethereum ETFs #Bitcoin, #BitcoinETF, #Blockchain, #BTCETF, #Cryptocurrency, #Cr...

In a strategic move that promises to redefine the utility of Bitcoin, Binance Labs, the venture capital and innovation arm of the global cryptocurrency titan Binance, has made a significant investment in BounceBit. This pioneering initiative is set to transform the landscape of Bitcoin by integrating restaking capabilities and merging the realms of centralized and decentralized finance (cedefi). Yi He, a founding figure at Binance and the visionary leader of Binance Labs, highlighted the transformative potential of BounceBit. He stated, "BounceBit is at the forefront of merging traditional centralized finance (cefi) with the innovative world of decentralized finance (defi), unlocking unprecedented opportunities for Bitcoin’s application." He further underscored Binance Labs' dedication to fostering the growth of trailblazers who are Read more about Binance Labs' Strategic Investment in BounceBit Elevates Bitcoin Utility #Binance, #BinanceLabs, #Bitcoin, #Blockchain, #...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious03:002 pointsExports (YoY) (Mar)-3.0%7.1%03:002 pointsImports (YoY) (Mar)1.2%3.5%03:002 pointsTrade Balance (USD) (Mar)70.20B125.16B04:302 pointsIndustrial Production (MoM) (Feb)-0.1%-6.7%08:002 pointsIEA Monthly Report  ------------------08:002 pointsECB Forecast  ------------------09:002 pointsNew Loans3,700.0B1,450.0B10:002 pointsEurogroup Meetings------------------11:002 pointsECB's Elderson Speaks------------------12:302 pointsExport Price Index (MoM) (Mar)0.3%0.8%12:302 pointsImport Price Index (MoM) (Mar)0.3%0.3%14:002 pointsMichigan 1-Year Inflation Expectations (Apr)---------2.9%14:002 pointsMichigan 5-Year Inflation Expectations (Apr)  ---------2.8%14:002 pointsMichigan Consumer Expectations (Apr)  77.677.414:002 pointsMichigan Consumer Sentiment (Apr)  79.079.417:002 points Read more about Upcoming economic events 12 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENT...

In a landmark move emblematic of resilience and strategic navigation through financial adversities, Voyager Digital has announced the successful recuperation of $484.35 million. This financial recovery, emanating from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance, marks a pivotal chapter in the firm's bankruptcy saga. The revelation, made to the United States Bankruptcy Court for the Southern District of New York on April 10, delineates a comprehensive status update concerning the restitution and distribution of assets to the creditors post the firm's fiscal downturn. A considerable fraction of the recouped funds, aggregating to approximately $450 million, originates from the settlement with FTX. This sum, inclusive of accrued interest, constitutes about 25% of the original claims Read more about Voyager Digital Secures $484 Million from Settlements with FTX and 3AC #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regu...

Uniswap, the premier decentralized finance (Defi) exchange, has been formally notified of potential regulatory enforcement by the United States Securities and Exchange Commission (SEC). This development, disclosed on April 10, underscores the intensifying oversight of the cryptocurrency sector by U.S. regulatory authorities. The Wells notice, originating from the SEC’s Enforcement Division, represents a critical juncture in the ongoing debate over the applicability of traditional financial regulations to the burgeoning digital asset industry. Gary Gensler, the SEC Chair, has been vocal in his assertion that the majority of blockchain-issued digital assets are subject to existing financial legislation. Labeling the cryptocurrency domain as the "Wild West," Gensler's push for increased regulatory intervention has been clear. In r Read more about Uniswap Faces SEC Scrutiny: A Detailed Overview #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #SEC, #Unis...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsBuilding Approvals (MoM)-1.9%-1.0%01:302 pointsCPI (MoM) (Mar)-0.5%1.0%01:302 pointsCPI (YoY) (Mar)0.4%0.7%01:302 pointsPPI (YoY) (Mar)-2.8%-2.7%08:002 pointsNew Loans3,700.0B1,450.0B10:002 pointsEurogroup Meetings------------------11:002 pointsOPEC Monthly Report  ------------------12:153 pointsDeposit Facility Rate (Apr)4.00%4.00%12:152 pointsECB Marginal Lending Facility---------4.75%12:152 pointsECB Monetary Policy Statement------------------12:153 pointsECB Interest Rate Decision (Apr)4.50%4.50%12:302 pointsContinuing Jobless Claims---------1,791K12:302 pointsCore PPI (MoM) (Mar)0.2%0.3%12:303 pointsInitial Jobless Claims216K221K12:303 pointsPPI (MoM) (Mar)0.3%0.6%12:452 pointsFOMC Member Williams Speaks------------------12:453 pointsECB Press C Read more about Upcoming economic events 11 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a decisive move to fortify financial security, the U.S. Treasury is spearheading an initiative to augment its regulatory dominion, with a particular focus on cryptocurrency service providers that operate beyond American borders. This initiative, underscored by Deputy Secretary of the Treasury Adewale O. Adeyemo, seeks to address the burgeoning challenge posed by nefarious entities exploiting digital currencies to conceal their identities and illicitly transfer assets across the globe. During his address prior to a Senate hearing, Adeyemo highlighted the alarming trend of cryptocurrencies being utilized for the financing of terrorist organizations as well as by nations currently under U.S. sanctions, notably Russia and the Democratic People's Republic of Korea (DPRK). The Deputy Secretary expressed, "The effectiveness of our Read more about U.S. Treasury Proposes Stricter Control Over Global Crypto Exchanges #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Exchang, #Global...

In a landmark move for the cryptocurrency sector, Dubai's esteemed Virtual Assets Regulatory Authority (VARA) has awarded a Virtual Asset Service Provider (VASP) license to Crypto.com, a leading global trading platform. This authorization, announced on April 9, empowers Crypto.com to extend its sophisticated institutional services to the burgeoning market within the Emirate, signifying a major milestone in its expansion efforts. Eric Anziani, the Chief Operating Officer and President of Crypto.com, articulated the strategic importance of this development, stating, "Initiating our world-renowned institutional services through the Crypto.com Exchange in Dubai is crucial for our continued growth and success in this vital market for our company." This sentiment underscores the strategic vision of Crypto.com as it solidifies its presence Read more about Crypto.com Secures Pivotal License from Dubai’s Virtual Assets Regulator #CryptoCom, #Cryptocurrency, #Cryptomarket, #Crypton...