Musk urges regulators to “do nothing” about crypto
Elon Musk has a clear message for US regulators. He has recently stated that they should “do nothing” with regards to the cryptocurrency world. More specifically, he stated that regulators can only slow down the progress of the cryptocurrency world, which would not benefit anyone according to him.
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Justin Sun to buy 41.5k BTC from gov
The US government is about to sell 41,500 bitcoins connected to Silk Road this year. Tron’s CEO, Justin Sun, offered to buy it all in an OTC deal to minimize the impact on the crypto market, asking for a 10% discount.
Boerse Stuttgart gains crypto license
Boerse Stuttgart, one of the largest German stock exchanges, entered the crypto world. It has received a license as a crypto custodian from Germany’s financial regulator (BaFin). This license allows the exchange of custody and trading of digital assets for its clients.
Ledger raises $109 million from VCs
Crypto company Ledger has raised $109 million in the Series C round. This funding round put the company’s valuation at $1.4 billion. Some of the investors in the round included Cathay Innovation, True Global Ventures, Digital Finance Group and VaynerFund.
Ripple jumps 12% amid market rally 🚀
Ripple (XRP) jumped an additional 12% to $0.58, as investors hope the lawsuit between the SEC and Ripple is coming to an end. The cryptocurrency is already up 65% in the last 2 weeks.
Hong Kong as a digital asset hub
Hong Kong still wants to become an international center for digital assets. The special administrative region’s regulators plan on getting crypto companies and bankers together. A recent Bloomberg report says that the meeting will take place at the Hong Kong Monetary Authority on April 28th.
G7 will discuss crypto regulations
The G7 will detail a coordinated plan to improve crypto transparency and strengthen consumer safeguards. They hope to confront threats to the global financial system during a conference in Hiroshima this May.
More market movers
Justin Sun to buy 41.5k BTC from gov
The US government is about to sell 41,500 bitcoins connected to Silk Road this year. Tron’s CEO, Justin Sun, offered to buy it all in an OTC deal to minimize the impact on the crypto market, asking for a 10% discount.
Virgin Orbit ceases operations
Virgin Orbit Holdings closed indefinitely due to cash-crunch concerns that have crippled many other tech businesses. Due to its inability to get funding, the company announced it was reducing 85% of its personnel as well. The stock (VORB) fell 42% as a result, down 98% from its peak of $10.
Boerse Stuttgart gains crypto license
Boerse Stuttgart, one of the largest German stock exchanges, entered the crypto world. It has received a license as a crypto custodian from Germany’s financial regulator (BaFin). This license allows the exchange of custody and trading of digital assets for its clients.
The annual inflation rate in Euro Area fell from 8.5% in February to 6.9% in March. Netherlands’s inflation tumbled from 8% to 4.4%. French inflation eased from 6.3% to 5.6%. Poland’s inflation dropped from 18.4% to 16.2%. Austria’s inflation fell from 10.9% to 9.1%.
Ledger raises $109 million from VCs
Crypto company Ledger has raised $109 million in the Series C round. This funding round put the company’s valuation at $1.4 billion. Some of the investors in the round included Cathay Innovation, True Global Ventures, Digital Finance Group and VaynerFund.
UBS CEO, Ralph Hamers. is stepping down on April 5th after the company acquired financially troubled Credit Suisse. Sergio Ermotti is about to succeed Hamers, who was UBS’ CEO from 2011 to 2020.