Archive for  April 2024

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The Vietnamese government has said there is no ban on cryptocurrencies in the country, but a legal framework for them needs to be developed.

Against this backdrop, government officials have instructed the State Bank of Vietnam to study cryptocurrencies and virtual assets to prevent them from being used for money laundering.

The Ministry of Finance has also been instructed to develop a relevant legal framework by May 2025.

The analytics platform Arkham has determined how much bitcoin is owned by different governments.

The U.S. government holds ~213K bitcoins and ~45K ETH worth $15.27 billion.

The UK government holds ~61K BTC worth $4.34 billion; the German government holds ~49K BTC worth $3.53 billion; the Salvadoran government holds ~5.8K BTC worth $405 million.

All countries except El Salvador obtained these assets through confiscation.

Coinbase has filed a motion to appeal a judge’s ruling that allowed the Securities and Exchange Commission (SEC) to continue its lawsuit against the exchange.

In its appeal, Coinbase argued that there were substantial grounds for disagreement.

The exchange argues that SEC members, lawmakers, and the courts themselves disagree on how the Howey test applies to digital assets.

Berachain has raised $100 million in a series B funding round.

The round was led by Brevan Howard Digital and Framework Ventures, with participation from Polychain Capital, Hack VC and Tribe Capital.

The company plans to use the funds for expansion in Hong Kong, Singapore, Southeast Asia, Latin America and Africa.

Berachain is an EVM-enabled blockchain based on Cosmos.

Circle has added a smart contract that will allow holders of a tokenized fund from BlackRock (BUIDL) to convert their shares into USDC.
Access to this service will be available 24/7.

Users of Pac Finance’s DeFi app have been liquidated $24 million because the developer decided to change protocol parameters.
The developer’s wallet triggered a feature in Pac Finance’s PoolConfigurator-Proxy contract and set the LTV for Renzo Restaked Ether (ezETH) to 60%.

Against this backdrop, numerous users were eliminated because they violated the protocol’s pledge rules.

No one warned users about the changes.

Chainlink has launched Transporter bridge based on its proprietary cross-chain communication protocol (CCIP).
Transporter will provide cross-chain interoperability between different networks.

To start, the bridge will support Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism and Polygon.

Omni Network has become the 52nd project on the Binance Launchpool. OMNI farming for BNB and FDUSD will start from April 13 at 00:00 (UTC).
The listing will take place on April 17 at 12:00 (UTC).

Omni Network is a Tier 1 blockchain designed to aggregate various L2 solutions.

FTX founder Sam Bankman-Fried has filed an appeal to appeal his conviction.

He was previously sentenced to 25 years in prison and $11 billion in fines/confiscation.

Sui Network has announced its own console called SuiPlay0X1.
The console will be powered by the Playtron gaming operating system and integrated with Sui’s blockchain. This will allow players to be able to buy and own games on the blockchain.

Playtron will be in charge of releasing the device.

The device will be available in stores worldwide in 2025.