Coinspeaker Spot Ethereum ETF Applications in US Will Be Likely Rejected by SEC, Experts Say As the deadline for the United States Securities and Exchange Commission (SEC) to issue a final ruling on the several applications for the spot Ethereum exchange-traded funds (ETFs) closes in, market experts believe the agency will reject their listing and trading. After approving the spot Bitcoin ETFs earlier this year, market pundits have critically analyzed the events that led to the imminent approval and issued this opinion. Notably, the regulatory agency is expected to issue its final ruling mid-n ..read more

Coinspeaker CryptoQuant CEO Disagrees with DOJ’s Intent on Samourai Wallet Charge Ki Young Ju, CEO of CryptoQuant, has opposed the US Department of Justice’s (DOJ) charge on two co-founders of crypto mixing service Samourai Wallet. The CEO’s stance aligns with most opinions from experts and investors in the broader crypto market. CryptoQuant CEO Stands by Samourai Wallet Co-founders A quick back story. Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill were both arrested on Monday after being charged with money laundering offenses by the DOJ. The minimum penalty for the charge ..read more

Coinspeaker Worldcoin Explores Collaboration with OpenAI and Other Tech Companies  Worldcoin is actively pursuing collaborations to expand its business footprint across the tech industry, targeting artificial intelligence (AI) and financial sectors. According to a Bloomberg report on Thursday, the iris scanning project, co-founded by Sam Altman, is in discussions with OpenAI, a leading US-based research organization specializing in responsible AI development. Exploring Partnerships beyond AI Worldcoin, through Tools for Humanity, the brains behind the development of the project, is also l ..read more

Coinspeaker Instagram Scammer Jay Mazini Receives 7-Year Sentence for Crypto Fraud Jebara Igbara, the Instagram influencer, known as Jay Mazini, receive­d a seven-year imprisonme­nt for masterminding a multimillion-dollar crypto fraud. Igbara, age­d 28, residing in New Jerse­y, confessed to several fraud alle­gations, acknowledging that he defraude­d nearly $8 million from online followers and a ne­twork of Muslim investors. “Igbara was a crypto con man.  He not only created a fake online presence to purport that he was a wealthy crypto investor, he used his Instagram persona as proof of ..read more

Coinspeaker CoinGecko 2024 Q1 Crypto Industry Report, Polkadot Spotlighted Coingecko recently hosted the comprehensive virtual meeting in which key speakers shared their insights on the trends in the digital currency ecosystem in the first quarter. The meeting also beamed its spotlight on the Polkadot ecosystem as it pursues its major evolutionary trend. Crypto Market Q1 Spotlight Recanting the biggest events in the market in Q1, Coingecko’s Head of Research Zhong Yang Chan highlighted the emergence of spot Bitcoin Exchange Traded Funds (ETF) as the major boost for the industry in January. Wit ..read more

Coinspeaker Baby Doge Coin (BABYDOGE) Price Surges 15% after New DAO Proposal to Eliminate Transaction Tax Baby Doge Coin (BABYDOGE), a fast-growing meme coin based on the BNB Chain and Ethereum network, has made several headlines amid a bearish crypto outlook. The small-cap meme coin, which thrived from a tweet by tech billionaire Elon Musk, rallied as much as 16 percent in the past 24 hours to trade around $0.000000002 on Thursday during the mid-London session. The notable spike of BABYDOGE price against the US dollar is directly attributed to the new DAO proposal to eliminate transaction ta ..read more

Coinspeaker Changpeng Zhao’s Defense Team Pushes for Probation in Sentencing Hearing The defense team representing Binance co-founder and former CEO Changpeng Zhao (CZ) has formally addressed the recent request from the US Department of Justice (DOJ) for a three-year jail sentence before the April 30 hearing. According to a recent court filing at the US District Court for the Western District of Washington, the lawyers are advocating for probation instead of the 36-month prison sentence sought by the prosecutors. The defense cited Zhao’s status as a first-time and non-violent offender as a pri ..read more

Coinspeaker EU’s Crackdown on Crypto Anonymity: Delicate Balance between Security and Privacy The crypto industry has long prided itself on the privacy and anonymity afforded to its users, but a recent vote by the European Union parliament has set the stage for a shift in this space. In a move aimed at curbing illicit activities such as money laundering, the EU has decided to ban anonymity for digital assets and increase monitoring of users. This decision is based on the growing concern over the potential misuse of cryptocurrencies for nefarious purposes. While the crypto community has celebra ..read more

Coinspeaker Top Democrat Maxine Waters Hints at Almost Ready Stablecoin Bill US House Representative Maxine Waters (D-California) has claimed that the finalized version of the long-awaited stablecoin bill is just around the corner. The top Democrat on the House Financial Services Committee shared the update in a recent interview with Bloomberg. Waters said in a part statement: “We are on our way to getting a stablecoin bill in the short run.” The latest development comes after Waters earlier called a previous version of the bill “deeply problematic and bad for America”. However, from the loo ..read more

Coinspeaker BlackRock Records Zero Inflow for First Time Amid $121M Outflows The Bitcoin spot exchange-traded fund (ETF) marke­t witnessed significant outflow on We­dnesday, April 24. According to the SoSoValue­, the total net outflow reache­d $121 million, while Grayscale Bitcoin Trust ETF (GBTC) e­xperienced a substantial ne­t outflow of $130 million as usual. This added to GBTC’s historical net outflow, which now totals $16.963 billion. Photo: SoSoValue Howe­ver, Fidelity’s Bitcoin ETF (FBTC) denied this tre­nd and saw an increase of $5.61 million, contributing to its impressive historica ..read more