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Author：Lily Editor：Colin Wu 1. Hong Kong’s weekly summary 1.1 Hong Kong SFC to issue crypto exchange license guidelines in May link Hong Kong’s Securities and Futures Commission will release guidelines on the licensing regime for virtual-asset exchanges in May, its Chief Executive Officer Julia Leung said at an event. 1.2 HK Monetary Authority issues guidelines on cryptocurrency customer due diligence link On April 27, the Hong Kong Monetary Authority issued a circular to banks to clarify the industry’s doubts about cryptocurrency customer due diligence, share cases and good practices for the reference; will hold a meeting with banks and crypto institutions on the “difficulty of opening an bank account”; it is expected that regulated virtual asset service providers will successfully open bank accounts through reasonable procedures. 1.3 Hong Kong has ‘around 10’ fund managers gone crypto, but more are expected link Only 10 fund managers across Hong Kong have upgraded their licenses to m...

Join Our Telegram channel to stay up to date on breaking news coverage After a difficult week, the crypto world woke to another day, with Bitcoin maintaining a grip above $29,400 early in the morning. The bullish nature commenced on Wednesday after the market regained from the fake panic alert. Fake news on the trading of Mt. Gox and US Gov addresses caused panic among investors who decided to sell. Later, Arkham and other distinguished crypto enthusiasts confirmed the news to be false. Before the false alarm, the market had already dropped to $1.25 trillion from $1.34 trillion. However, the market has now recovered fully. Ethereum also continues trading above the $1900 mark. Crypto space provides investors with various coins and projects for investment, but the decision remains on the investor to choose the best venture to put money in and wait for it to sprout. Your eagerness to diversify your portfolio by investing in crypto cannot go unnoticed, as InsideBitcoins.com is in...

Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals ‘Used an API Access’ Cybercriminals have reportedly gained access to AT&T email accounts and are using this to hack into targeted victims’ crypto exchange accounts. According to a Techcrunch report, the criminals using this modus operandi may have stolen crypto assets worth between $15 million and $20 million. Although two victims are said to have confirmed the theft, a spokesperson for AT&T has in the meantime rejected suggestions that criminals have gained access to the company’s internal systems. “There was no intrusion into any system for this exploit. The bad actors used an API access,” said Jim...

The price of Cosmos (ATOM) has experienced a short-term increase in volume in the past 24 hours. According to data from the popular market tracking website, CoinMarketCap, the 24-hour trading volume of ATOM has surged by over 147%, putting its price above $11, one of its highest points recently. ATOM saw a 2.18% increase, while many other cryptocurrencies traded in the red zones in the last 24 hours. Its market share stands at $3.23 billion, securing its position among the 21st most prominent cryptos, while its 24-hour trading volume nearly crossed  $200 million. This increase in price and volume follows the announcement of several partnerships and developments in recent weeks. The Cosmos community is buzzing with excitement as they begin voting for the proposal to launch Neutron on Replicated Security, the first Consumer Chain onboarding proposal. According to a recent update from Cosmos’ official Twitter, Neutron will be secured by the Cosmos Hub validator set, if...

Standard Chartered’s crypto asset custodian, Zodia Custody recently raised $36 million via funding. Japan’s SBI Holdings led the latest round. SBI Holdings is now the firm’s second-largest shareholder, with Standard Chartered owning the majority of the ownership. Zodia was previously backed by only Standard Chartered and Northern Trust. The former held a 90% stake in the company. The completion of the latest funding round clearly marks a dilution of StanChart’s ownership. However, the exact figure remains unclear at the moment. Julian Sawyer, the Custody Chief Executive at Zodia did not provide details on the structure of its ownership post the funding round. Sawyer emphasized that it’s natural for Standard Chartered ’s venture strategy to raise outside funding, especially after units reach a particular size. Elaborating on the same, he added, “It is part of our strategy to be bank-backed, and all the good things that brings. That doesn’t mean there has to be a single bank.” ...

Shapella Upgrade Coming In April The upgrade which is a clever combination of Shanghai (execution layer) and Capella (consensus layer), is one of the most crucial upgrades that Ethereum has received since “The Merge” in September of 2022. In fact, The Merge replaced the proof-of-work consensus mechanism used by ETH’s blockchain with the proof-of-stake model, changing the role of miners to that of stakers and paving the way for a more energy-efficient future for the second-largest blockchain in the cryptocurrency space. advertisement Read More: CFTC Chair Declares War On Binance, Calls It “Ongoing Fraud” Since 2019 The successful launch of the upgrade will unlock more than 17 million ETH, which is equivalent to approximately 15% of the total supply. In addition to the withdrawals, the developers of the Shapella upgrade have planned a total of three further modifications that are intended to optimize the gas fees associated with partic...

BTC price targets are reaching past the recent ten-month highs with Bitcoin bulls emboldened by First Republic losses. Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: "Uncertainty" driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% gains versus its local lows from April 24. The pair continued to respond positively to the rapidly-evolving next chapter of the U.S. banking crisis. This centered around First Republic Bank, which revealed a $100 billion reduction in deposits this week. The U.S. government was reportedly uninterested in intervening on the day, according to a source cited by CNBC, as the bank’s stock, FRC, opened down another 22% before being halted for volatility. Weekly stock price losses thus totaled over 50%. Re...

Subquery Now Supports BNB Chain, developers will benefit from the superior SubQuery indexing experience, including the open-source SDK, tools, documentation, and developer support. BNB Chain is also supported in SubQuery’s enterprise level managed service, which provides enterprise level infrastructure hosting and handles hundreds of millions of requests each day. As Sub query Now Supports BNB Chain. SubQuery’s flexible, fast, open, and decentralised data indexing solution provides blockchain developers with the tools needed to easily organise and query on-chain data for their protocol and applications. Abstracting the backend, SubQuery provides a custom API and lets developers focus on product development and user experience rather than building their own indexing solutions. “Our team at SubQuery has joined forces with the vibrant Web3 community of BNB Chain. As developers ourselves, we’re thrilled to collaborate with a team that shares our passion for creating solutions that e...

Venom, a Layer-1 blockchain based in the Abu Dhabi Global Market (ADGM), has announced today that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Peter Knez, Chair of the Venom Foundation Council, expressed his excitement at the launch and called it a crucial step toward their upcoming mainnet launch. He was quoted saying: With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand. Interested users can test the testnet by downloading the Venom Wallet and claiming a free testnet allocation. Mobile users can download the wallet via the Apple App Store or Google Play Store, while desktop users can download the Venom Wallet Google Chrome extension. The testnet launch enables developers to test and debug dApps and blockchain protocols while a...

Join Our Telegram channel to stay up to date on breaking news coverage As cited by Russia’s largest bitcoin mining provider, Bitriver, Russia is now the world’s second-largest cryptocurrency mining country. Russia’s generating capacity reached 1 gigawatt between January and March 2023, second to the United States, with a mining capacity of 3-4 gigawatts. First time in history, Russia surpassed Kazakhstan in second place. According to Bitriver, Kazakhstan now ranks ninth after imposing restrictions on crypto mines in 2022. In Bitriver’s top 10, China was not represented because the government banned crypto mining in 2021. 🇷🇺 Russia surpassed Kazakhstan to become the second-largest bitcoin mining power by generating 1 gigawatt of mining power in the first quarter of 2023.#bitcoinnews #russiahttps://t.co/mfxTu8SdzH — Bitcoin News 🌴 Rooftop Meetup May 19th (@BitcoinNewsCom) April 24, 2023 Cryptocurrency laws in Russia restr...

Ripple lawyer Bill Morgan recently tweeted a scenario where the situation could end up being good for Ripple. Morgan stated that if the court only finds Ripple liable for the XRP sales up to 2015 and does not make an order to stop future sales to ODL customers, it would be a good result for Ripple. The thread and comments relate to a type of remedy (disgorgement) if Ripple loses on liability. The gist of exchange with the former SEC attorney is that the SEC may obtain no disgorgement if the Judge only finds Ripple XRP sales up to 2015 were investment contracts /1 https://t.co/PIAhdcbLpr — bill morgan (@Belisarius2020) April 24, 2023 Morgan also covered the possibility that the SEC may not obtain a permanent injunction on future Ripple XRP sales. This is due to the fact that the current XRP sales are to ODL customers who are not investors and also don’t expect profits from XRP sales. The gist of exchange with the former SEC attorney is that the SEC may obta...

Popular NFT marketplace Blur has addressed the recent bug that affected some bids on its platform. Users who incurred losses as a result of the bug’s impact on the platform bidding process have been accordingly compensated by the marketplace as assured. Blur’s founder, who goes by Pacman on Twitter, informed the NFT marketplace’s community recently about the bug that was detected in the platform’s message processing system. The bug reportedly affected some bids placed by users over the past 85 hours, prompting some to get canceled. Following the bug’s discovery, Blu disabled the platform’s bid accept functionality. Thirty-six affected bids were subsequently accepted over 30 minutes. The bug was fixed soon after that and the bidding functionality has since been re-enabled. However, the bids above the floor at the time were automatically canceled. Speaking on additional measures undertaken by the NFT marketplace to prevent such issues in the future, Pacman stated, “In add...

In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency Status, Says Bernstein White House economist Jared Bernstein answered some congressional questions about the U.S. dollar’s status as the world’s reserve currency before the Senate Banking Committee on Tuesday during a hearing on his nomination to be chairman of the Council of Economic Advisers. Bernstein, a current member of the White House Council of Economic Advisers, previously served as chief economist to then-Vice President Joe Biden in the Obama-Biden Administration before joining the Center on Budget and Policy Priorities, where he served as a senior fellow from 2011 to 2021. During the hearing, Senator Bill Hagerty (R-TN) noted e...

Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the United States where he faces several charges. Local prosecutors have reportedly asked a court to extend Kwon and his associate’s detention. Kwon’s Hideout Seized by Local Law Enforcement Prosecutors in Montenegro have reportedly hit Terraform Labs co-founder and CEO Do Kwon with charges of using a fake passport and other identification documents when he attempted to flee the Balkan state on March 23, 2023. According to a DL News report, Kwon’s indictment is likely to complicate efforts to extradite him to the U.S. and South Korea where he faces multiple charges. As previously reported by Bitcoin.com News, Kwon and his associate Han Chang-Joon were arrested while attempting to leave for Dubai via a private jet. At the time of hi...

Changpeng Zhao, the man at the helm of the world’s largest crypto exchange, has welcomed the European Union’s decision to implement the Markets in Crypto Assets Regulation (MiCA). The European Parliament voted 517-38 in favor of MiCA earlier today, approving the new crypto regulatory regime with an overwhelming majority.  Zhao took to Twitter to laud the move by lawmakers in the European Union to introduce tailored regulations for its crypto industry in the interest of consumer protection and innovation. The implementation of MiCA will bring much needed regulatory clarity and help businesses in this industry to operate in compliance with the law.  Changpeng Zhao believes that the adoption of MiCA is a pragmatic solution to the challenges that the crypto industry collectively faces. He added that his firm will be making adjustments to its business over the next 18 months to be “in a position of full compliance” with the new EU regulatory regime.  With the implem...

The new service will make it easier for mid-tier or small-tier subgraphs to be indexed and discovered. Blockchain Data provider Chainstack has launch ed a hosted service for collections of Web3 Data known as “sub graph s,” according to an April 19 announcement from the company. The service , called “Chainstack Sub graph s,” allows developers to create sub graph s and post them for a fee. We're thrilled to announce the launch of Chainstack Subgraphs, an enterprise-level data indexing solution built for ultra-fast access to #blockchain data in high-performance environments! Read our full announcement on #subgraphs ️ 1/11 https://t.co/mM3IMaM7K7 pic.twitter.com/y0Y3oA7ZhF — Chainstack ️ (@ChainstackHQ) April 19, 2023 This announcement comes after subgraph protocol developer The Graph stated in June that it would be shutting down its hosted service in favor of a decentralized network. Subgraphs are application programming interfaces (APIs) that query blockchains for data and sor...