This Is What Happened In The Cryptocurrency World Today: 13/04/2023

Stay up-to-date with the latest cryptocurrency news and events. Read about what happened in the cryptocurrency world today, including market trends, price fluctuations, and new developments.

This Is What Happened In The Cryptocurrency World Today: 13/04/2023

 

With eToro, Twitter will make trading in cryptocurrencies and stocks possible.

Twitter has announced its partnership with eToro, a leading social trading and investment platform, to introduce crypto and stock trading directly on the Twitter platform. With this move, Twitter aims to drive user engagement and revenue growth while offering a more comprehensive experience to its users.

eToro is a global leader in online trading, with a community of over 20 million registered users. The platform allows users to invest in various assets, including cryptocurrencies and stocks. This partnership will enable Twitter users to access eToro’s services and trade directly from the Twitter platform.

This move marks an exciting development in social media and online trading. By integrating with eToro, Twitter is expanding its offerings to meet the evolving needs of its users. This partnership will likely drive more user engagement on the platform and create new revenue streams for Twitter.

 


The SEC has filed charges against Justin Sun, the founder of Tron-Network, for engaging in fraudulent cryptocurrency trading. To react to the case, he has 21 days.


The Securities and Exchange Commission (SEC) has brought charges of cryptocurrency trading fraud against Justin Sun, the founder of Tron Network. Sun has been accused of engaging in fraudulent activities in the cryptocurrency trading market, which violated federal securities laws. In addition, the SEC alleges that Sun failed to disclose his actual ownership and control of two cryptocurrency companies, BitTorrent and Peiwo, during negotiations to acquire them.

The charges come as the SEC continues its crackdown on fraudulent practices within the cryptocurrency industry. Sun has been given 21 days to respond to the allegations, and if found guilty, he could face significant fines and even prison time. Sun has denied any wrongdoing in response to the charges and vowed to fight the accusations in court.

This latest development highlights the ongoing challenges facing the cryptocurrency industry, which has recently seen increased regulatory scrutiny. It also underscores the need for greater transparency and accountability within the sector as regulators seek to protect investors and maintain market integrity.

 

 

The “Saga” smartphone from Solana will be released on May 8th.

Solana, a leading tech company, has announced the release of their highly anticipated smartphone, the Saga This cutting-edge device will officially launch on May 8th, and consumers can expect a range of advanced features that are sure to impress.

The Saga smartphone boasts many impressive features, including a powerful processor, a high-quality camera, and a long-lasting battery. Additionally, Solana has designed the device to offer a seamless and intuitive user experience, with a customizable interface and intuitive settings.

One of the standout features of the Saga is its advanced security technology, which includes state-of-the-art encryption and biometric authentication. In addition, Solana’s operating system powers the device, providing users with lightning-fast performance and unmatched efficiency.

 

 

As the Shapella upgrade goes live, $165 million in Ethereum has been unstacked in under 24 hours.

The highly-anticipated Shapella upgrade has gone live, causing a significant shift in the cryptocurrency market. Within 24 hours of the promotion, a staggering $165 million in Ethereum has been unstaked. This sudden movement of funds reflects the cautious approach of investors to protect their holdings and avoid any potential losses.

The Shapella upgrade brings forth a range of enhancements and features to the Ethereum network, including faster transaction times, increased security, and reduced fees. These improvements are expected to boost the appeal of Ethereum further, making it a more attractive investment option for cryptocurrency enthusiasts.

It remains to be seen how the sudden influx of unstacked Ethereum will affect the market in the long term. While some analysts predict a temporary price drop, others believe the upgraded network’s efficiency and security will lead to sustained growth.

 

 

Arizona Governor Katie Hobbs blocks a law that would have eliminated taxes on Bitcoin mining.

Arizona Governor Katie Hobbs has blocked a law that would have eliminated taxes on Bitcoin mining—the proposed legislation aimed to create a tax break for cryptocurrency miners in Arizona. However, Hobbs vetoed the bill, arguing that the state should not encourage investment in speculative assets. This decision is a significant setback for Arizona’s cryptocurrency industry, which had hoped to attract more miners to the state by offering tax incentives. Despite the veto, Bitcoin mining remains legal in Arizona, and miners will continue to pay taxes on their earnings. This move by Hobbs aligns with other states’ approaches to cryptocurrency taxation. As the crypto market grows, policymakers struggle need help to keep up with the evolving landscape. Whether other states will follow Arizona’s lead in imposing taxes on Bitcoin mining remains to be seen.

 

 

According to the London Stock Exchange, the trading of bitcoin futures and options will begin.

The London Stock Exchange has announced it will launch trading for Bitcoin futures preserver- and options soon. This move will allow investors to invest in Bitcoin more traditionally through the regulated financial markets.

As an established financial institution, the London Stock Exchange’s move could encourage greater institutional adoption of cryptocurrencies, increasing investment in Bitcoin and other digital assets. The launch of crypto trading on the London Stock Exchange marks a significant step towards the mainstream adoption of cryptocurrencies. Moreover, it represents an exciting development in the investment world in Bitcoin and the broader financial markets

 

 

Crypto Influencer BitBoy Charged with Harassment by Florida Court.

BitBoy, a well-known cryptocurrency influencer, has been called before a Florida court on charges of harassment. The charges stem from alleged intimidation and harassment of attorneys working on a class-action lawsuit against BitBoy and other prominent figures in the cryptocurrency sector.

The allegations against BitBoy, whose real name is Ben Armstrong, include making threatening phone calls and sending aggressive messages to the attorneys involved in the case. Armstrong could face severe consequences if found guilty, including hefty fines and potential jail time.

This development is significant as it highlights the importance of accountability within the cryptocurrency industry. As the sector grows and attracts attention from investors and regulators, those operating within it must be held to the same legal standards as any other industry.

The case against BitBoy is ongoing, and it remains to be seen how it will ultimately be resolved. However, it is a reminder that even those with significant influence in the cryptocurrency world are not above the law.

 

 

The International Monetary Fund will issue the CBDC Handbook in response to the growing need for guidance.

The International Monetary Fund (IMF) has announced its plan to release a CBDC Handbook to meet the growing need for guidance on adopting and implementing digital currencies. As central banks and governments worldwide explore the possibility of introducing CBDCs, the handbook aims to provide a comprehensive resource to help them navigate the complex CBDC landscape.

The International Monetary Fund is uniquely positioned to take on this task, given its expertise in economic policy and its role in promoting international monetary cooperation. The handbook is expected to cover a wide range of topics related to CBDCs, including the technical aspects of CBDC design, the implications for monetary policy, and the potential benefits and risks of CBDC adoption. The handbook will be an invaluable resource for central banks and governments seeking to understand and leverage the opportunities presented by digital currencies in the years ahead.

 

 

A new mobile wallet application from Uniswap has been released to enable and encourage using DeFi wallets on a larger scale.

Uniswap launched a new mobile wallet application to further the adoption of decentralized finance (DeFi) on a larger scale. The app aims to make it easier for users to interact with DeFi wallets and tokens, enabling more people to participate in the DeFi ecosystem.

This latest move from Uniswap comes as the DeFi industry continues to grow and evolve, with more users seeking to leverage the benefits of decentralized finance. The new mobile wallet app is designed to provide users with greater accessibility and ease of use, allowing them to seamlessly buy, sell, and trade DeFi tokens from their mobile devices.

With the launch of this mobile wallet app, Uniswap is positioning itself as a leader in the DeFi space, providing users with a powerful tool to engage with the DeFi ecosystem. As the industry continues to mature and evolve, Uniswap’s latest offering will attract attention from new and existing users looking to explore the world of decentralized finance.

 

Due to tougher laws and regulations, the fintech startup Paxos has stated that it is quitting the Canadian markets.

Paxos, a leading fintech startup, has recently decided to exit the Canadian market due to increasing regulatory pressure. The company cited the stricter laws and regulations as the reason for its departure, stating that it is no longer feasible to continue operating in the Canadian market under the current circumstances.

Paxos initially entered the Canadian market in 2018, offering its blockchain-based solutions to facilitate faster and more efficient transactions. However, the regulatory landscape has become more stringent, making it challenging for the company to comply with the new requirements.

The move by Paxos highlights the challenges faced by fintech startups in navigating complex regulatory environments. While regulations are essential for maintaining a fair and stable financial system, they can also impede innovation and disrupt the growth of new businesses. How other fintech firms will respond to the changing regulatory landscape in Canada and worldwide remains to be seen.

 

 

Launching a simulation of unlicensed music, LimeWire will pay incentives in a new cryptocurrency.

LimeWire, the once-popular file-sharing platform, has launched a new simulation game that allows users to earn rewards in its upcoming cryptocurrency. The game, called LimeWire Pirate Edition, is a simulation of the original LimeWire platform, where users can search and download pirated music files.

Users can earn LimeCoins, the platform’s upcoming cryptocurrency, in the game, by downloading and sharing music files. The LimeCoins can then be used to purchase virtual goods or exchanged for other cryptocurrencies.

The move by LimeWire has raised concerns about promoting piracy and the ethical implications of using a cryptocurrency to reward users for engaging in illegal activities. However, LimeWire argues that the game is a fun and educational way to teach users about blockchain technology’s and cryptocurrency’s benefits.

 

 

Launch of the NFT-gated musician acceleration initiative by Mastercard.

Mastercard, the global payment technology company, has announced the launch of a new initiative aimed at accelerating the careers of emerging musicians using Non-Fungible Tokens (NFTs). The NFT-gated musician acceleration initiative will enable selected musicians to create and sell unique NFTs representing their music and merchandise.

Through the initiative, Mastercard aims to provide a platform for emerging artists to gain exposure, build their fan base, and generate revenue. The company will also offer guidance and support in navigating the complex NFTs and blockchain technology world.

The move by Mastercard highlights the growing interest in NFTs and their potential applications in the music industry. By leveraging blockchain technology, musicians can create and sell unique digital assets that allow them to retain ownership and control over their creative works.

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