Weekly cryptocurrency news | This week, the market will attract attention, the possibility of an unknown asset outflow from the wallet, etc.

news of the week

We will deliver the news of the week (April 15th to April 21st) together.

This week, the most read report on the 21st was that the crypto asset (virtual currency) market was weakened by the US stock index, and the Bitcoin (BTC) price fell below $28,000 at one point.

In addition to the market, the report on the 18th, which I wrote about Bitcoin indicators on on-chain data, has also attracted interest.

In addition, an article reporting that assets may have been illegally leaked from virtual currency wallets also attracted a lot of attention.

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Virtual currency weakened by US stock index, Bitcoin temporarily fell below $28,000 (4/21)

The virtual currency market on this day has been weak due to the US stock index. Bitcoin fell 2.02% from the previous day to $28,300. (the article ishere)

2nd place: Unexplained asset outflow from cryptocurrency wallet, total damage estimated at 1.3 billion yen (5,000 ETH) (4/20)

It seems that the wallets of users who have many years of cryptocurrency investment experience and hold a large amount of Ethereum (ETH) have been targeted for unauthorized outflow damage due to hacking. No cause has been identified. (the article ishere)

3rd place: U.S. lawmakers call for dismissal of Gensler and reorganization of SEC (4/19)

U.S. Representative Warren Davidson said at a hearing on the oversight of the Securities and Exchange Commission (SEC) on Wednesday that he would introduce a bill to remove Chairman Gary Gensler and reorganize the SEC. (the article ishere)

Market news ranking

1st place: Bitcoin drops to $ 29,500, on-chain data resembles past “market turning point” (4/18)

Bitcoin price fell 1.74% from the previous day to $29,487. According to a new report from Glassnode, several on-chain Bitcoin indicators show similarities to early 2016 and early 2019, the year before the “cryptocurrency bubble.” (the article ishere)

2nd place: Bitcoin again in the $ 30,000 range, after Ethereum Shapella staking deposits and withdrawals reversed for the first time (4/19)

Bitcoin price rose 2.66% from the previous day to $30,265. The Ethereum network has reversed staking deposits and withdrawals in the last 24 hours for the first time since the major upgrade “Shapella”. (the article ishere)

3rd place: Bitcoin and other virtual currencies fell sharply, loss cuts reached the largest scale this year (4/20)

The price of cryptocurrencies such as bitcoin has plummeted. In the cryptocurrency derivatives market, the largest loss cut (forced liquidation) occurred this year. (the article ishere)

Virtual Currency/Blockchain Industry News

U.S. SEC sues cryptocurrency exchange Bittrex, claiming securitization of 6 stocks (4/18)

The US SEC announced on the 17th that it has filed a lawsuit against cryptocurrency exchange Bittrex and its former CEO William Shihara. Bittrex has issued a statement following the lawsuit. (the article ishere)

Virtual currency BNB completes 89 billion yen token burn (4/15)

Cryptocurrency Build and Build (BNB) reported on the 14th that it had completed its 23rd token burn. In this burn, 2,020,132.25 BNB worth a total of 89.1 billion yen was incinerated. (the article ishere)

Hong Kong court precedent recognizing virtual currency as “property” (4/20)

A Hong Kong court has ruled that virtual currencies are “property” that can be trusted. With this ruling, Hong Kong has reached similar conclusions to courts in the United Kingdom, the United States, Australia, New Zealand, Singapore and Canada on the perception of ownership of cryptocurrencies. (the article ishere)

Ripple officially launches virtual currency liquidity service (4/15)

Ripple announced on the 14th that it has officially launched the “Ripple Liquidity Hub,” a service for companies to secure the liquidity of cryptocurrencies. Until now, it has been operated on a trial basis in partnership with Coinme, a company that provides a service that allows you to buy and sell virtual currencies with fiat currency, but this time it will be an official launch for companies in general. (the article ishere)

European Parliament Approves MiCA Regulation, Toward Unification of EU-Wide Regulations on Virtual Currencies (4/21)

The European Parliament passed the Crypto Asset Market (MiCA) Bill on the 20th. This will unify legislation on cryptocurrencies across the EU. (the article ishere)

“Cryptocurrency companies do not offer securities” US lawmaker sends letter to SEC chairman (4/19)

US House Financial Services Committee Chairman Patrick McHenry (Republican) announced on the 18th that he sent a letter to SEC Chairman Gary Gensler. He criticized the SEC’s regulatory actions on digital assets. (the article ishere)

Explaining the main advantages and disadvantages of a real estate investment trust “REIT” (4/16)

A REIT is a financial product in which real estate investment professionals invest funds collected from investors in excellent properties and distribute rental income and sales profits. In this article, I explained the overview and benefits of REITs, and whether REITs can be a diversified investment. (the article ishere)

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