Bitcoin (BTC) spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595 million, according to Farside Investors data. Notably, even after most US import tariffs were temporarily lifted on April 9, the funds still recorded an …
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Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10. Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations, …
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Atomic, Exodus wallets targeted in new cybersecurity exploit
Users of the Atomic and Exodus wallets are being targeted by threat actors uploading malicious software packages to online coding repositories to steal crypto private keys in the latest cybersecurity threat identified by security professionals. According to cybersecurity researchers at ReversingLabs, the exploit works by hiding malicious code in seemingly legitimate npm software packages, which …
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Ether ETF staking could come as soon as May — Bloomberg analyst
Ether exchange-traded funds (ETFs) in the United States may be able to start staking a portion of their tokens as soon as May, according to Bloomberg Intelligence analyst James Seyffart. On April 9, the US Securities and Exchange Commission (SEC) authorized exchanges to begin listing options contracts tied to spot Ether (ETH) ETFs after greenlighting …
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Meanwhile raises $40M to bring BTC life insurance to inflation-prone economies
Crypto startup Meanwhile has raised $40 million to scale its Bitcoin-denominated life insurance business, targeting so-called “inflation-prone economies” where policyholders may seek alternatives to traditional fiat-based payouts. The Series A investment round was led by Framework Ventures and Fulgur Ventures, with additional participation from Xapo founder Wences Casares, the company disclosed on April 10. Meanwhile …
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Bitcoin, stocks shun CPI print win and give up tariff relief gains — Will BTC whales save the day?
Bitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility ticking higher around the release of the March Consumer Price Index (CPI) numbers. These numbers came in broadly below …
AI-generated content needs blockchain before trust in digital media collapses
Opinion by: Roman Cyganov, founder and CEO of Antix In the fall of 2023, Hollywood writers took a stand against AI’s encroachment on their craft. The fear: AI would churn out scripts and erode authentic storytelling. Fast forward a year later, and a public service ad featuring deepfake versions of celebrities like Taylor Swift and …
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Atkins becomes next SEC chair: What’s next for the crypto industry
The crypto industry has welcomed the confirmation of American businessman and former US Securities and Exchange Commissioner Paul Atkins as chair of the agency. Atkins’ approval has taken months. He appeared before the Senate on March 27 to explain his intended approach to securities regulation in the United States, as well as his views on …
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Standard Chartered and OKX pilot crypto, tokenized fund collaterals
Standard Chartered and cryptocurrency exchange OKX are piloting a new program allowing institutions to use crypto assets and tokenized money market funds (MMFs) as collateral. Announced on April 10, the collateral mirroring program enables off-exchange collateral usage while enhancing security by placing custody with a globally systemically important bank, according to a joint statement from …
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Trump’s tariff escalation exposes ‘deeper fractures’ in global financial system
Escalating trade tensions and renewed uncertainty in global markets are driving investors toward alternative assets, including Bitcoin and tokenized real-world assets (RWAs), as concerns mount over the long-term stability of the financial system. Global trade tensions continue pressuring investor sentiment despite US President Donald Trump announcing a 90-day pause on higher reciprocal tariffs on April …
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