Lulo Invest Newsletter #56

Simplifying investing in the era of digital assets

Welcome to the 56th edition of our weekly newsletter as we cover some of the most interesting and topical news from around the world.

BTC-e founder pleads guilty in $9B money laundering conspiracy

The cryptocurrency exchange is said to have profited from various illicit activities that used the platform to launder some $4 billion worth of Bitcoin.

cointelegraph.com/news/btc-e-founder-pleads-guilty-in-9-billion-laundering-conspiracy

Vodafone looks to integrate crypto wallets with sim cards

Vodafone is working to rollout a cryptocurrency wallet integrated in a smartphone SIM card.

cointelegraph.com/news/vodafone-blockchain-integrate-crypto-wallets-sim-cards

USDC overtakes USDT: Compliance is key to stablecoin dominance

The battle for stablecoin leadership is clearly between USDT and USDC.

cointelegraph.com/news/usdc-usdt-stablecoin-dominance

Former Binance CEO Changpeng Zhao sentenced to four months in prison

Former Binance CEO Changpeng Zhao was sentenced to four months in prison on Tuesday after pleading guilty to money laundering charges.

www.theblock.co/post/291561/former-binance-ceo-changpeng-zhao-sentenced-to-four-months-in-prison

MoonPay integrates PayPal to allow US users easier access to crypto

MoonPay and PayPal announced today that users in the U.S. can now buy and sell more than 110 cryptocurrencies with PayPal.

www.theblock.co/post/292099/moonpay-integrates-paypal-to-allow-us-users-easier-access-to-crypto-purchases-and-sales

BlackRock’s BUIDL becomes the world’s largest tokenized treasury fund

The $375 million BlackRock USD Institutional Digital Liquidity Fund has surpassed the Franklin OnChain U.S. Government Money Fund as the largest tokenized treasury fund.

cointelegraph.com/news/blackrocks-buidl-becomes-worlds-largest-tokenized-treasury-fund

Australia’s top exchange may approve spot Bitcoin ETFs this year: Report

The Australian Securities Exchange is expected to approve several applications for spot Bitcoin ETFs in the country before the end of the year.

cointelegraph.com/news/australian-stock-exchange-asx-approve-spot-bitcoin-etf

Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam

An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address poisoning scam.

cryptonews.com/news/trader-loses-68m-of-wrapped-bitcoin-in-address-poisoning-scam.htm

Iran and Russia Working on Bilateral CBDC-powered Trade Solutions

Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed. Read more!

cryptonews.com/news/iran-and-russia-working-on-bilateral-cbdc-powered-trade-solutions.htm

Bitcoin Halving And Market Optimism Drive Millions To Crypto Startups

Crypto startups see surge in VC funding, raising $2.52B in Q1 2024, driven by favorable regulations, DeFi demand, and crypto-AI intersection.

www.forbes.com/sites/digital-assets/2024/04/29/bitcoin-halving-and-market-optimism-drive-millions-to-crypto-startups/?ss=FDA

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