🚨 CZ in turmoil: Prison on the horizon for ex-CEO of Binance?
🚨 CZ in turmoil: Prison on the horizon for ex-CEO of Binance?
Hello Cointribe! 🚀
Today is Thursday, April 25, 2024, and like every day from Tuesday to Saturday, we summarize the news of the past 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partly sunny 🌤️
24-hour crypto summary ! ⏱️
🚀 ETF Bitcoin and Ethereum trading in Hong Kong about to take off
In a major move for their financial market, Hong Kong is about to launch the first Bitcoin and Ethereum ETFs. The Hong Kong Securities and Futures Commission (SFC) has recently given the green light to these cash-based funds, marking a turning point in the regulation of cryptocurrencies in the region. The first ETFs are expected to be launched at the end of April, allowing investors to buy units representing digital assets directly. This initiative is expected to attract up to 25 billion dollars from mainland China, according to some experts. 🔗 Read the full article here.
⚖️ Former Binance CEO faces 3 years in prison
Former Binance CEO Changpeng Zhao is now in a precarious position as the US Department of Justice (DOJ) is seeking a three-year prison sentence against him. The charges relate to alleged facilitation of money laundering and other illicit activities via the Binance platform. These recent developments increase the uncertainty surrounding his case, although the legal implications and impact on the cryptocurrency industry are still unclear. 🔗 Read the full article here.
🔍 Waiting continues: SEC further postpones decision on Ethereum ETFs
The United States Securities and Exchange Commission (SEC) has postponed its decision on Grayscale Investments and Franklin Templeton's proposals for Ethereum spot ETFs. While the industry had anticipated possible approval following the success of Bitcoin ETFs, the SEC has chosen to take more time to review these requests. This delay raises questions about the future evolution of regulation for cryptocurrency-based financial products. 🔗 Read the full article here.
🔑 Bitcoin: Imminent introduction of smart contracts
Bitcoin could undergo significant structural changes with the proposal of BIP-420, which envisions the introduction of smart contracts and other advanced features on its blockchain. This initiative, although still in the project stage, could revolutionize the way transactions and contracts are executed on Bitcoin, allowing it to compete more with Ethereum. The details of this proposal include the reintroduction of the OP_CAT opcode, disabled since 2010, which would open the door to a multitude of decentralized applications and more complex multi-sig configurations. 🔗 Read the full article here.
Coin of the day: Gnosis (GNO)
Gnosis is an Ethereum-based blockchain platform known for its robustness and advanced capabilities in smart contracts. Gnosis's main innovation lies in its ability to provide decentralized prediction markets. These markets allow users to bet on the future outcomes of various events, ranging from political elections to cryptocurrency price trends. This offers a dynamic way to leverage collective knowledge and market forecasts, creating a new form of actionable predictive data across many industries.
The native token GNO is used to facilitate operations within the prediction markets and to participate in platform governance through GnosisDAO. The latter is a decentralized autonomous organization where GNO holders vote on changes and proposals affecting the future development of the network. Launched in an initial coin offering (ICO) in April 2017, GNO has funded the platform's development while distributing tokens to an initial user base. GNO holders enjoy voting rights and can earn rewards by actively participating in the ecosystem, including creating and resolving prediction markets.
Tokens can also be used for staking and obtaining increased rights on the platform, adding an additional layer of engagement and potential gains for active participants. This not only strengthens community involvement but also the utility of the token, making it essential to the operation and growth of Gnosis.
Recent performances of Gnosis (GNO)
Current price: €329.20
Percentage increase/decrease: -11.79% (decrease in 1 day)
Market capitalization: €910,636,663
Rank on CoinMarketCap: #96
Technical analysis of the day: Hedera (HBAR)
Cryptocurrency Hedera (HBAR) has experienced a dramatic increase in its price, doubling from $0.09 to $0.18 in a single day, following positive news including partnerships with major entities like Ownera, Archax, and BlackRock. However, this peak quickly declined, with the price falling back to $0.11. Despite this volatility, Hedera shows signs of sustained upward trend, supported by positive technical indicators and increased investor interest, signaling potential for continuous growth.
