SEC Chair Gary Gensler reiterates criticism of cryptocurrency in new educational videoOn April 27, SEC Chair Gary Gensler used Twitter to share a 4-minute educational video where he labeled cryptocurrency assets as "investment contracts" and called on platforms that provide such products to register

The MPs identify a ‘coordinated strategy’ to block banking for the digital asset sector that is unrelated to a desire to defend banks.Source: finance.yahoo.comThe chiefs of the American financial regulatory agencies have received letters from three Republican members of the House of Representatives

1. Market TrendBetween April 24 and 9:00 am on April 27, the BTC price fluctuated between $26,943 and $30,036, with a volatility of 11.48%. According to the 1-hour candle chart, the price slightly oscillated before surging to $30,000 on April 26, followed by high-level oscillation. In the early morn

Meta, the social media giant headed by Mark Zuckerberg, has reported a $5.7 billion profit in its first quarter, however, it has also suffered a loss of almost $4 billion from its metaverse unit, Reality Labs. The loss comes after a $14 billion loss that the same unit suffered in 2022. Despite the l

Web3 Social Media Protocol Unveils 'Layer 3' Launch Allowing Instantaneous PostingLens, a Web3 social media protocol, has launched Bonzai, a new "layer 3" network to boost the scalability of blockchain social media apps. Bonzai is designed to store and process posts, comments, and shares, which decr

Bitcoin has seen a surge of more than 3% over the last 24 hours following concerns of a possible bank failure after the shares of First Republic Bank (FRC) dropped by over 50% on April 25. It has been reported that bankers working with First Republic Bank expect the institution to go into government

Developers are permitted to divert app users to their own systems for purchases unless Apple files an appeal and has the decision reversed.Source: investmentu.comApple was found to have broken California state competition rules when it forbade app developers from utilizing any other in-app payment o

Protesters at Texas State Capitol Stand Up for Bitcoin, Oppose Bill That Would Slash Mining IncentivesApproximately 100 people answered the joint request of crypto advocacy organizations, namely Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council, to protest against propos

France's financial regulator, the French Financial Markets Authority (AMF), is exploring a "fast track" option for licensed crypto companies to adhere to the Markets in Crypto-Assets (MiCA) laws set to be introduced across the European Union (EU). The AMF has released a statement that welcomes the a

Stablecoins have a significant advantage over central bank digital currencies because decentralization makes programmability possible.Source: www.dailyreckoning.com.auCentral bank digital currencies (CBDCs) and stablecoins seem to be two sides of the same proverbial coin when it comes to offering st