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On Monday, the Hong Kong Securities and Futures Commission (SFC) announced that it had approved a number of Spot Bitcoin and Ethereum ETFs for trading. This decision has been a long time in the making and has been expected by all in the crypto community. As expected, the announcement turned out to be bullish for the market, driving a notable recovery in the prices of cryptocurrencies all across the space. Bitcoin Bounces Toward $67,000 Over the weekend, the crypto market saw a market crash that sent the Bitcoin price back below $60,000. This development was brought about partly by the…

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Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto custody services for its institutional and corporate clients in the second half of 2024 in a move aimed at boosting the local market of virtual assets. New partnership alert: Bitpanda x LBBW 🤝Landesbank Baden-Württemberg, Germany’s largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!Bitpanda Technology Solutions provides LBBW with an “Investment-as-a-Service” infrastructure in… pic.twitter.com/hIwNXp9Wp4— Bitpanda…

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Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. However, Hong Kong’s foremost financial regulator, the Securities and Futures Commission (SFC), has yet to release an official statement on this development. SFC has not responded to CryptoSlate’s request for comment at press time. Spot Bitcoin ETFs China Asset Management, one of the issuers, disclosed that its Hong Kong entity received regulatory approval to offer virtual asset management services, paving the way for Spot Bitcoin and Ethereum products. Its statement reads: “China Asset…

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Aligned Layer, a startup touted as a “universal verification layer for Ethereum,” confirmed Sunday, April 14, that it raised $2.6 million in seed funding. Lemniscap, a seven-year-old firm that has backed multiple companies in the crypto blockchain space, led the effort. The firm previously led the $2.4-million funding round for web3 startup Safary in January. Bankless Ventures and Paper Ventures are also backing Aligned Layer, along with StarkWare, O(1)Labs and Ingonyama CEO Omer Shlomovits. Aligned Layer announced the capital raise via social media. See below. 1. We’re excited to announce that we’ve raised $2.6M in our Seed Round, led by…

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Ethereum, one of the leading cryptocurrencies, finds itself amidst a price decline alongside the broader crypto industry. This downturn has been exacerbated by escalating tensions in the Middle East, casting a shadow of uncertainty over the market. As the majority of cryptocurrencies experience a bleed in value, Ethereum is not immune to the trend. However, while retail investors panic-sell their holdings, on-chain data presents a different picture. Big player whales in the market are seizing the opportunity to accumulate assets, displaying a bullish sentiment amid the turmoil. Particularly, on-chain data from Lookonchain has shown an Ethereum whale accumulating during the…

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The Ethereum (ETH) community has continued to eagerly await news on approving a spot Ethereum Exchange-Traded Fund (ETF) slated to occur by May. However, as the US Securities and Exchange Commission (SEC) maintains a conspicuous silence on the matter, speculation has risen on the likelihood of the approval. This speculation is further fuelled by the scarcity of concrete details regarding the approval process, leaving investors and enthusiasts worried and anticipating. Bitcoin Maxi Weighs In Ethereum Spot ETF Approval In the spot Ethereum ETF debate, notable voices from the cryptocurrency space have offered their perspectives. Renowned Bitcoin maximalist and advisor to…

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Bitcoin’s (BTC) value plummeted below $66,000 on April 12, a stark drop from its $71,000 peak earlier in the day, as a wave of selling hit the crypto and equities markets, causing some altcoins to fall more than 15% in a matter of minutes. The decline mirrored a broader selloff across asset classes amid heightened global economic uncertainties and geopolitical risks. Bitcoin has slightly recovered since the violent drawdown, trading at around $67,300 as of press time, based on CryptoSlate data. Ethereum, the second-largest crypto by market capitalization, fell 12% to $3,100 before paring some losses to close 8% lower…

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Ethereum developers are currently deliberating the Pectra upgrade, which is poised to enhance various facets of the blockchain’s functionality.Tim Beiko, the Ethereum Foundation‘s protocol support lead, confirmed the development, revealing that the developers have agreed to include Ethereum Improvement Proposals (EIP) 3074 in the network’s slated overhaul.EIP 3074EIP 3074 is a pivotal advancement within Ethereum’s ecosystem and was introduced by Lightclients in 2020. The proposal has garnered widespread support from the crypto community as it aims to enhance the user experience (UX) of Ethereum wallets.Fundamentally, EIP 3074 enables conventional crypto wallets like MetaMask to function akin to smart contracts.This upgrade…

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As Solana faces another outage, crypto.news talks with experts about its impact and what it could mean for the system’s future. Since its inception, the Solana network has emerged as a leading player in the blockchain scene, promising lightning-fast transactions and low fees. However, behind its meteoric rise lies a series of outages that have raised questions about its dominance in the proof-of-stake (PoS) scene. A historical battle with hours-long outages On Sept. 14, 2021, Solana encountered one of its first significant disruptions during the token offering of Grape Protocol, resulting in a staggering 17-hour outage. This incident foreshadowed future challenges…

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What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connected to AlphaWelcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.Important: You must lock a minimum of 20,000 ACSIf you don’t have enough, buy ACS on the following exchanges:Connect via Access ProtocolAccess Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms…

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