Lulo Invest Newsletter #51

Lulo Invest Newsletters
March 29, 2024

Binance executive detained in Nigeria in crypto case escapes custody

The Binance executive was detained when he arrived in Nigeria following the crackdown on the company.

www.aljazeera.com/amp/news/2024/3/25/binance-executive-detained-in-nigeria-in-crypto-case-escapes-custody

www.forbes.com/sites/digital-assets/2024/03/09/more-dangerous-than-nukes-china-and-russia-revealed-to-be-suddenly-abandoning-the-us-dollar-for-a-bitcoin-ethereum-and-xrp-inspired-rival-amid-crypto-price-pump/amp

10 things to know about Sam Bankman-Fried, the 'Crypto King' sentenced to 25 yrs

Crypto Wunderkind to 25-Year Sentence: Hailed as a crypto prodigy just a year ago, Sam Bankman-Fried (SBF) now faces 25 years in prison for an $8 billion FTX fraud. His meteoric rise from billionaire to convicted felon exposes the dark side of unchecked ambition in the crypto world

www.livemint.com/news/trends/crypto-wunderkind-to-25-year-sentence-10-things-to-know-about-sam-bankman-fried-crypto-king-sentenced-to-25-years/amp-11711684242191.html

SEC scores big win in lawsuit against crypto exchange Coinbase

The ruling in favor of the SEC comes as Coinbase has become a go-to partner for big Wall Street asset managers looking to offer cryptocurrency trading options.

www.cnbc.com/amp/2024/03/27/sec-scores-big-win-in-lawsuit-against-crypto-exchange-coinbase.html

US, UK initiate joint probe into $20 billion moved via crypto to evade Russian sanctions

The US and UK governments have launched a joint investigation into crypto transactions worth over $20 billion that evaded Russian sanctions.

cryptoslate.com/us-uk-initiate-joint-probe-into-20-billion-moved-via-crypto-to-evade-russian-sanctions

Bitcoin mining difficulty drops following historical maximum

As a result of the next recalculation, the difficulty of Bitcoin mining decreased by 0.97%, with an indicator of 83.13 T.

crypto.news/bitcoin-mining-difficulty-drops-halving-2024

Indonesia Will Require Crypto Products to Pass Through Regulatory Sandbox or Be Deemed Illegal

The initiative is aimed at combating fraud and will kick in at the start of next year.

www.coindesk.com/policy/2024/03/28/indonesia-will-require-crypto-products-to-pass-through-regulatory-sandbox-or-be-deemed-illegal/amp

Bybit crypto exchange launches trading platform in the Netherlands

Crypto exchange Bybit has launched a local trading platform in the Netherlands amid facing scrutiny from Hong Kong regulators.

cointelegraph.com/news/crypto-exchange-bybit-netherlands

Ondo Finance to Move $95M to BlackRock's Tokenized Fund for Instant Settlements for Its T-Bill Token

The allocation marks to first example of a crypto protocol leveraging BlackRock's tokenized fund for its own offering.

www.coindesk.com/markets/2024/03/27/ondo-finance-to-move-95m-to-blackrocks-tokenized-fund-for-instant-settlements-for-its-t-bill-token/amp

First Mover Americas: HSBC’s Gold Token Introduced in HK

The latest price moves in crypto markets in context for March 27, 2024.

www.coindesk.com/markets/2024/03/27/first-mover-americas-hsbcs-gold-token-introduced-in-hk/amp

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