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With Ukraine adopting the EU’s MiCA regulations, the country is taking a major step towards EU membership. The move will streamline regulations and create a more competitive environment for crypto startups.
A suit brought by the SEC alleging market manipulation and unregistered securities sales has ended with Hydrogen Technology and its former CEO Michael Ross Kane agreeing to pay $2.8 million. [SEC wins $2.8M in suit over alleged crypto token price manipulation](https://cointelegraph.com/news/sec-wins-2-8m-in-suit-over-alleged-crypto-token-price-manipulation) The SEC has won a $2.8 million payment in a case against Hydrogen Technology Corp. and its former CEO Michael Ross Kane, alleging they manipulated the price of crypto tokens.
The Bank of Korea and the Financial Services Commission have been grappling for control of crypto regulations in the country. [Bank of Korea given right to investigate local crypto firms: Report](https://cointelegraph.com/news/bank-of-korea-given-right-to-investigate-local-crypto-firms-report) The Bank of Korea has been granted the right to inspect transaction data from local crypto exchanges.
In the wake of the recent US banking crisis, Treasury Secretary Janet Yellen proposed new rules making it easier to regulate nonbank institutions and subject them to the supervision of the Fed. [US Treasury seeks to tighten nonbank rules following banking crisis](https://cointelegraph.com/news/us-treasury-seeks-to-tighten-nonbank-rules-following-banking-crisis) Treasury Secretary Janet Yellen put forward new guidelines that would further regulate the classification and supervision of nonbank institutions in the United States.
What does ChatGPT think about crypto? The AI bot should give some sense of the consensus view on digital assets, a collective zeitgeist constructed from an advanced statistical exercise.
Use this for 3X gains [DELETE Your RSI Indicator Now! Use THIS For 3X Gains](https://www.youtube.com/watch?v=Awbe8VY7Ulg) 🚀 Ready to transform your trading game and triple your gains? Welcome to the future of trading indicators! In today's video, we'll be diving deep into the r...
After Dogeday’s crash, DOGE projects further losses based on on-chain data, whale wallet holdings and technical charts. [Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event](https://cointelegraph.com/news/dogecoin-price-limps-below-a-key-support-after-dogeday-turns-into-a-sell-the-news-event) Dogecoin price could correct further in the short term, according to on-chain data.
In the crypto era, the concept of tokens remains the same: the representation of something tangible (physical) or intangible (non-physical, i.e., a service) within its ecosystem.
VC funding into Web3 startups plummeted from $9.1 billion in Q1 2022, to null.7 billion in Q1 2023, with the number of nine figure deals declining from 29 to 2 in that time frame.
How is crypto taxed across the globe? The European Securities and Markets Authority (ESMA) has issued guidance on regulating initial coin offerings. The European Parliament has called for a comprehensive approach to regulating cryptocurrencies. [Cointelegraph on Twitter](https://twitter.com/Cointelegraph/status/1649467287370444801) “@CointelegraphCS 🌍 How is crypto taxed across the globe? The European Securities and Markets Authority (ESMA) has issued guidance on regulating initial coin offerings. The European Parliament has called for a comprehensive approach to regulating cryptocurrencies. 👇🏼”
Some TikTokers are sharing misinformation about #bitcoin and #crypto investments, recent research shows. [Over 30% TikTok videos on crypto investments are misleading: Research](https://cointelegraph.com/news/over-30-tiktok-videos-on-crypto-investments-are-misleading-research) Viewers often oversee the ill-intent of their favorite influencers and end up trusting their content purely based on the high number of views or likes.
Do Kwon's lawyers allegedly claim that the SEC's acquisitions were unfounded. [Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation](https://cointelegraph.com/news/do-kwon-lawyers-reportedly-dismiss-sec-s-securities-fraud-allegation) The legal proceedings began when Do Kwon was arrested in Montenegro on March 23 while attempting to fly to Dubai using fake documents.
In a pre-trial summary judgment, a judg has determined that Ryder Ripps’ RR/BAYC NFT project has infringed on trademarks belonging to Yuga Labs. [Nifty News: Yuga Labs scores court battle win, Mandala Metaverse to drop on Polkadot and more…](https://cointelegraph.com/news/nifty-news-yuga-labs-scores-court-battle-win-mandala-metaverse-to-drop-on-polkadot-and-more) The court in California also ruled that Yuga Labs is entitled to an injunction and damages over the trademark dispute, the latter of which will be determined at trial.
To trade on margin, you'll need to deposit cash, securities or crypto as collateral for the loan, and interest is charged on the borrowed funds. [Margin trading vs. Futures: What are the differences?](https://cointelegraph.com/explained/margin-trading-vs-futures-what-are-the-differences) Margin trading and futures are used in cryptocurrency to multiply gains. Here’s what you need to know about these tools, how they work, and their differences.
The pattern typically appears during persistent uptrends or downtrends. Most technical analysts see it as a “continuation pattern,” meaning the general market trend is likely to resume.
Coinbase cited clear regulations as the reason why Bermuda “was chosen as one of our financial hubs” and explained its regulatory environment “is long known for a high level of rigor, transparency, compliance, and cooperation.”
The companies filed their motions in a San Francisco federal court seeking the dismissal of the proposed class-action lawsuit the AI-generated images were dissimilar to the artists’ work and that the lawsuit lacked specific information about the allegedly misused photos.
Midjourney, Stability AI and DeviantArt respond to artists' copyright infringement lawsuits over generative AI systems' use [Midjourney, other AI devs strike back in court, claiming their material is not similar to artists](https://cointelegraph.com/news/midjourney-other-ai-devs-strike-back-in-court-claiming-their-material-is-not-similar-to-artists) Midjourney, Stability AI and DeviantArt respond to artists' copyright infringement accusations over generative AI systems and argue for dismissal of the class action lawsuit, citing dissimilarities and lack of specific information about allegedly misused photos.
The SEC’s disclosure policy was developed in the 1930s, long before the internet so it should not apply to new technologies such as crypto, Paradigm has claimed. [SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm](https://cointelegraph.com/news/sec-s-brute-force-crypto-regulation-attempt-is-bad-policy-paradigm) Venture firm Paradigm claimed the SEC’s disclosure framework is ill-fitting, bad policy and should not apply to crypto.
Bitcoin miners still outperform the Nasdaq between April 2020 and April 2023., winning 90% to 63% [CoinDesk on Twitter](https://twitter.com/CoinDesk/status/1648751588473724929) “Bitcoin miners still outperform the Nasdaq between April 2020 and April 2023., winning 90% to 63%, @DrakeStar_ explains in this week's Crypto Long & Short. https://t.co/XDH6vzQxNQ”
Tesla's bitcoin holdings are unchanged for a third straight quarter. Accounting rules kept the valuation of bitcoin held on its balance sheet at $184M even as the price of bitcoin rose sharply during those three months. [Tesla Made No Changes to Bitcoin Holdings in First Quarter](https://www.coindesk.com/business/2023/04/19/tesla-made-no-changes-to-bitcoin-holdings-in-first-quarter/) The valuation of bitcoin held on its balance sheet remained flat from the previous quarter at $184 million.
#Ethereum layer 2 StarkNet is one of the first projects to go full steam ahead with the promising new scaling and privacy mechanism account abstraction, and the first blockchain to natively integrate it
Bitcoin swooned on Wednesday to dip below $29K for the first time in more than a week.
#Bitcoin held by miner wallets decreased by 800 $BTC last week, suggesting a negligible bearish impact on bitcoin's price.
2 CloneX swept for a total of 7.15 ETH(14,994.84 USD) on Opensea [CloneX Sales Bot 🤖️ on Twitter](https://twitter.com/ClonexSalesBots/status/1648529373795082240) “2 CloneX swept for a total of 7.15 ETH(14,994.84 USD) on Opensea #CloneX #RTFKT https://t.co/LZuNr20fak”
OpenSea has created a blacklist that includes top collections like Azuki, BAYC, CloneX, Moonbirds, and MAYC, worth around $27M.
By offering larger bug bounties and encouraging hackers to report vulnerabilities, rather than exploiting them, DeFi protocols could improve their security and reduce the risk of hacks, benefiting both the protocols and their users.
Donald Trump launched a series 2 of his #NFT trading card collection ahead of a slated presidential run causing the first collection to plummet in value. [Nifty News: Trump drops more NFTs ahead of presidential run, Meta opens to teens and more](https://cointelegraph.com/news/nifty-news-trump-drops-more-nfts-ahead-of-presidential-run-meta-opens-to-teens-and-more) Former U.S. President Donald Trump has another NFT trading card collection, Nike's first NFT sneakers drop through its marketplace, Meta allows teens into Horizon Worlds and The Smurfs come to Web3.
Bank of New York Mellon $BK said it doesn’t consider itself a crypto bank and will continue to move slowly investing in the space during its first quarter earnings call on Tuesday.
Trump’s Digital Trading Cards release the Series 2 collection, which the former president announced on Truth Social, touting the “great success” of the original NFTs. [Trump Drops Second Series of Digital Trading Card Collection](https://www.coindesk.com/web3/2023/04/18/trump-drops-second-series-of-digital-trading-card-collection/) Earlier this month, the floor price on the original Trump NFT collection jumped after the news of his indictment, but the new Series 2 release has sent the first collection’s price downward.
Ethereum validators that have put in withdrawal requests following the #Shapella upgrade will have to wait upwards of 17 days to get their staked #ETH back, cryptauxmargaux reports. [Ethereum Unstaking Requests Now Face About a 17-Day Wait](https://www.coindesk.com/tech/2023/04/18/ethereum-unstaking-requests-now-face-about-a-17-day-wait/) The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.
Bitcoin's reserve-risk multiple has crossed above zero, turning positive for the first time since October 2021, according to glassnode.
The House Financial Services Committee published a draft stablecoin bill ahead of a hearing on stablecoins. nikhileshde breaks it down for this week's State of Crypto newsletter. [What’s in the House Financial Services Committee’s Stablecoin Bill?](https://www.coindesk.com/policy/2023/04/18/whats-in-the-house-financial-services-committees-stablecoin-bill/) It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.
Bitcoin climbed above $30K again early Tuesday but the rally stalled.
CloneX #3878 bought for 9.99 ETH (20,791.19 USD) on Opensea via Opensea Pro
Bitcoin's rally above $30,000 has stalled – at least temporarily. The largest cryptocurrency by market capitalization recently traded at around $29,500, off 2.6% over the past 24 hours. [Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings](https://www.coindesk.com/markets/2023/04/17/bitcoin-sinks-below-30k-amid-dollar-jump-mixed-q1-earnings/) BTC dropped as low as $29,292 on Monday before slightly rebounding. The surge from $28,000 last week was “largely untested,” one analyst says.
Bitcoin mining has a dirty reputation for extracting energy. But African crypto miners have found a way to use their consumption for the betterment of rural Africa. [Gridless Bringing Bitcoin Mining to Rural Africa](https://www.coindesk.com/video/gridless-bringing-bitcoin-mining-to-rural-africa/) As part of CoinDesk's Projects to Watch 2023, "The Hash" panel highlights the significance of bitcoin mining firm Gridless extending power to rural Africa.
Exchanges saw a net inflow of 179k ETH in four days after the Shanghai upgrade, according to CryptoQuant. Investors transferring tokens to exchanges usually indicates they are preparing to sell, which may lead to a price decline.
Denis Dubnikov, an operator of two OTC trading desks, was sentenced to a $2,000 forfeiture and time served last week tied to a previous guilty plea for his role in laundering ransomware proceeds.
Nike is set to release its first digital sneaker collection on its .Swoosh platform, modeled after the iconic Air Force 1 design. [Nike is Releasing Its First Digital Sneaker Collection on .Swoosh](https://www.coindesk.com/web3/2023/04/17/nike-is-releasing-its-first-digital-sneaker-collection-on-swoosh/) The virtual sneaker, called Our Force 1, is a play on the brand's iconic Air Force 1 design.
Bitcoin fell below $29.5K early Monday and largely remained there; ether also dipped
CloneX Top5 Sales within 24H [CloneX Sales Bot 🤖️ on Twitter](https://twitter.com/ClonexSalesBots/status/1647782419481894913) “CloneX Top5 Sales within 24H [ 19:01, Apr 16, 2023 (GMT-7) ] #CloneX #RTFKT”
Alec Baldwin is asking a judge to dismiss a lawsuit filed by the parents and sister of "Rust" cinematographer Halyna Hutchins, saying that they were distant from Hutchins before her death and have "no viable cause of action." [Alec Baldwin wants 'misguided' lawsuit filed by Halyna Hutchins' parents and sister dismissed](https://www.nbcnews.com/pop-culture/pop-culture-news/alec-baldwin-wants-misguided-lawsuit-filed-halyna-hutchins-parents-sis-rcna79880) The actor said Hutchins' parents and sister were distanced from her "physically, financially, and emotionally for years before her death."
Bitcoin and Ether are being considered "like gold" amid economic uncertainty ARK's Cathie Wood says, but Ray Dalio thinks it's a "poor alternative." [Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical](https://cointelegraph.com/news/bitcoin-ether-are-like-gold-says-cathie-wood-but-ray-dalio-is-skeptical) The recent banking crisis has shown the value of Bitcoin and Ether says Cathie Wood from ARK Invest, but Ray Dalio says banks and countries "don’t want" Bitcoin.
Crypto addresses play an important role in storing and transferring cryptocurrencies.
SEC chair Gary Gensler could soon be out of a job after drawing the ire of a US Rep. over his "long series of abuses" against the crypto space. [Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach](https://cointelegraph.com/news/rep-davidson-to-introduce-legislation-to-fire-sec-boss-gensler-for-crypto-overreach) A series of actions against crypto firms by the U.S. securities regulator could prove to be SEC chair Gary Gensler’s swan song after a United States Representative took issue with his handling of the industry.
South Korean prosecutors confirmed Do Kwon sent 9 billion won ($7 billion) a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem. [Do Kwon lawyers received $7 million before Terra collapse: Report](https://cointelegraph.com/news/do-kwon-lawyers-received-7-million-before-terra-luna-collapse-report) While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe the information will help in the ongoing fraud case.
The proposed legislation requires stablecoin issuers to maintain reserves with US dollars, Federal Reserve notes, or Treasury bills. They must also demonstrate technical expertise and established governance, as well as financial inclusion and innovation benefits.
Margin trading allows investors to buy assets by borrowing from a broker without using their own funds. However, it amplifies both gains and losses, and a margin call may occur with heavy losses.
In ETH we believe