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This week's round-up of news from the cryptocurrency industry

Over the past week, certain events and news have managed to influence the cryptocurrency market. Read on for a roundup of the week's top stories!

Over the past week, a number of events have taken place that have directly and clearly affected the direction of the digital currency market. In this article, we review for you a summary of the most important news in the cryptocurrency market this week.

The most important news from the world of digital currencies not to be missed this week

The cryptocurrency market entered a positive phase last week as the price of Bitcoin rose to return above the $70,000 line. So let's take a look at some of the important news that the cryptocurrency market saw last week.

Here is some cryptocurrency industry news for this week:

- The United States accuses Cocoin and its founders of a multi-billion dollar criminal conspiracy

The United States has accused global cryptocurrency exchange Cocoin and its founders, Chun Jan (aka “Michael”) and Ke Tang (aka “Eric”) of masterminding a multibillion-dollar criminal conspiracy.

Additionally, this indictment, unsealed by U.S. Attorney Damian Williams and Darren McCormack of Homeland Security Investigations, accuses the parties of operating without a license and violating anti-money laundering laws.

The accusations against KuCoin and its founders are significant. This is a decisive step by the US authorities in the fight against illegal activities in the digital currency market. All defendants face lengthy prison sentences if convicted.

BlackRock CEO surprised by Bitcoin rise and Ethereum ETF optimism

Last week, inflows into Bitcoin ETFs turned positive again, helping Bitcoin rebound. The first three days of last week also saw inflows of $1.2 billion into US Bitcoin ETFs.

Thus, Larry Fink, co-founder and president of the asset management giant BlackRock, said he was positively surprised by the response from retail investors to his company's Bitcoin Spot Fund (ETF). Furthermore, Fink expressed his strong belief in the long-term future viability of Bitcoin.

Larry Fink also didn't rule out the possibility of BlackRock launching an ETF for Ethereum, even though the U.S. Securities and Exchange Commission classifies it as a "security." Which means it is subject to broader scrutiny.

On the other hand, He said Max Minton, head of digital assets at Goldman Sachs, said his hedge fund clients were gradually returning to the cryptocurrency market. Goldman Sachs' elite clients are also increasingly curious about options related to Bitcoin and other cryptocurrencies.

– Gold mining company plans to buy $1.7 billion worth of Bitcoin

Nilam Resources, a South American gold mining giant, has announced a strategic shift towards Bitcoin. It details an ambitious acquisition of MindWave, which owns, among other assets, 24,800 bitcoins.

Additionally, the transaction includes the issuance by Neelam Resources of newly authorized Class C preferred shares. It will also be exchanged for 24,800 Bitcoins at a discounted price compared to current market prices.

- The Terraform Labs trial in the United States... Finally, the whole truth is on the table

In an atmosphere of anticipation, the trial of Terraform Labs, the company responsible for the Terra Luna coin, began this Tuesday. This is a major legal event in the United States, which could reveal the complexities and challenges of the cryptocurrency industry.

At the heart of this legal battle, the American Securities and Exchange Commission (SEC) accuses Terraform Labs and its founder Do Kwon of massive fraud after the collapse of the platform. The conduct of this trial could be a crucial step in efforts to regulate the cryptocurrency sector.

- Court determines fate of former FTX CEO Sam Bankman-Fried

Sam Bankman Freed (SBF), founder of the FTX empire, was ultimately sentenced to 25 years in prison for what prosecutors consider "the biggest fraud of the decade," causing the company to lose more than $10 billion. millions of victims.

After several months of deliberations, Judge Lewis Kaplan made the final decision on the SBF based on numerous elements. Including testimonies from former FTX employees who claimed that Sam always did what he wanted without worrying about the law or the repercussions of his actions.

On the other hand, FTX announced deals worth $884 million to sell a significant portion of its shares in artificial intelligence startup Anthropic. The startup, backed by tech giants such as Amazon and Google, represents a large part of FTX's portfolio of assets intended to repay its creditors.

- Google now allows Bitcoin wallet balances to be displayed directly in search results

Users can now search BTC wallet addresses And view the details of their transactions directly on the search engine results page.

Showing Bitcoin data in search results now expands public access to trading activities on the blockchain. With Google processing over 3.5 billion searches every day, the underlying Bitcoin blockchain data is readily available alongside standard web results.

This decision comes after many years of tense relations between Google and the Bitcoin world. The company banned ads for cryptocurrencies in 2018, only to allow ads for Bitcoin ETFs in early 2024.

- $62 million in cryptocurrencies stolen in BLAST protocol game

Munchables, a non-fungible token (NFT) game, has been hacked. It is built on the second layer of Blast, in exchange for over $62 million in the form of Ethereum (ETH).

The scale of the hack was first revealed by investigator ZachXBT, who at the same time revealed the attacker's address. By doing this, the money could be traced quite easily by investigators and the Munchables team, which is a very new protocol. It also turns out that the hacker is a former Munchables developer.

- More news on digital currencies:

  • A declaration Bloomberg reports a US and British investigation into more than $20 billion in transactions in the cryptocurrency USDT, allegedly transferred via a Russian platform suspected of supporting the war in Ukraine.

  • She declared Athena Laboratories Ethena Laboratories It is a decentralized finance (DeFi) platform, which airdrops around 750 million ENA tokens. This is the platform's governance currency, available to its users on April 2. This quantity of coins represents 5% of the total ENA supply.

  • In order to apologize after users had withdrawal problems and the exchange faced serious accusations in the United States. I promised KuCoin is airdropping $10 million worth of Bitcoin (BTC) and the exchange's native token, KCS.

  • According to a Nigerian media outlet, leak Binance Africa regional director Nadeem Angarwala from his place of detention in Nigeria. After asking the guards to take him to a mosque to perform one of the prayers on the occasion of Ramadan.

  • Develop The US Treasury Department's Office of Foreign Assets Control (OFAC) has expanded the scope of its sanctions targeting individuals and entities in the Russian financial and technology sectors. While the dialogue in Russia on the use of digital currencies in transactions is gaining more and more momentum.

  • directed The impressive performance of Bitcoin, which has reached all-time highs and led to a 54% rise year-to-date, has led to a significant increase in job opportunities in the cryptocurrency market.

---More news on cryptocurrencies:

  • Worldcoin (WLD) has been ordered by a Portuguese regulator to stop collecting biometric data. It would seem that the currency project that uses the iris print suffers from the ethical dimension of the project itself!

  • Announce The Central Bank of the United Arab Emirates has announced the start of serious preparations to issue a Central Bank-issued digital currency (CDBC) for use in retail and wholesale operations.

  • Mounted Europe has just launched a direct attack on self-custodial cryptocurrency wallets. And in Text of 329 pagesThe European Parliament is seeking to take new measures against money laundering.

  • I threw a glance X Company's artificial intelligence platform, Grok (formerly Twitter), has discussed the potential to improve users' financial interactions, and Grok suggested that users could participate in Dogecoin (DOGE) transactions directly through the platform. -shape.

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