Lulo Invest Newsletters April 05, 2024
Lulo Invest Newsletter #52
Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%
Upbit's 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko data show.
www.coindesk.com/markets/2024/04/01/trading-volume-on-south-korean-crypto-exchange-upbit-crashes-75/amp
Australia poised for ‘inflection point’ of crypto demand — Kraken Aus MD
The growing adoption of cryptocurrency from institutions, stablecoins and asset tokenization are all signs that the crypto industry has reached a positive inflection point of demand, said Jonathon Miller.
cointelegraph.com/news/australia-inflection-point-crypto-demand-kraken-australia-ceo
Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
Blockchain firm Ripple said it’s launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market.
www.cnbc.com/amp/2024/04/04/crypto-firm-ripple-to-launch-us-dollar-stablecoin.html
Crypto VC investments increased 38% in first quarter breaking 2 year trend
Crypto venture capital (VC) investments increased in the first quarter of 2024, according to a survey published by Crypto Koryo on April 4. The analyst measured growth across two distinct metrics. VCs invested nearly $2 billion in crypto projects, marking an increase of 38% from Q4 2023. VCs also invested in 250 crypto projects, representing […]
cryptoslate.com/crypto-vc-investments-increased-38-in-first-quarter-breaking-2-year-trend
Paraguay floats temp crypto mining ban as illegal ‘farms’ cripple grid
Paraguay has seen a “significant boom” in crypto mining which lawmakers say is straining the grid, causing outages.
cointelegraph.com/news/paraguay-draft-temporary-crypto-mining-ban-power-grid-failures
Coinbase Says Canadian License Makes It Country's Biggest Registered Crypto Exchange
The U.S. exchange announced it had achieved "restricted dealer" status, furthering its expansion into Canada that began last year.
www.coindesk.com/policy/2024/04/04/coinbase-says-canadian-license-makes-it-countrys-biggest-registered-crypto-exchange/amp
Singapore Enacts Licencing Requirements for Crypto Custody Services and Others
The change in scope also includes cross-border money transfers even when the money is not accepted or received in the city-state, and the facilitation of the transmission of crypto between accounts and exchanges,
www.coindesk.com/policy/2024/04/02/singapore-enacts-licencing-requirements-for-crypto-custody-services-and-others/amp
Crypto Exchange Deribit's Dubai-Based Unit Wins Conditional VASP License
Obtaining the full VARA spot and derivatives license is an important next step in our efforts to raise the overall quality & governance standards of our platform, exchange's new CEO Luuk Strijers told CoinDesk.
www.coindesk.com/business/2024/04/02/crypto-exchange-deribits-dubai-based-entity-wins-conditional-vasp-license/amp
Telegram's Pivot to TON Payments for Ads Boosts Toncoin
The messaging app's switch to TON from Euro creates a circular economy for the closely-linked crypto.
www.coindesk.com/business/2024/04/02/telegrams-pivot-to-ton-payments-for-ads-boosts-toncoin/amp
Bhutan to increase Bitcoin mining operations sixfold ahead of halving
Bhutan and Bitdeer are set to expand Bitcoin mining capacity amid halving concerns, aiming to expand the nation's mining capacity by 500 megawatts by 2025
crypto.news/bhutan-to-increase-bitcoin-mining-operations-sixfold-ahead-of-halving
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