Weekly Report (24 – 30 April 23) | What Happened This Week In Crypto

This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.

1) Bhutan Has Been Processing Bitcoin In Secret For Years Since Its Price Was $5,000

Druk Holding and Investments (DHI), the biggest and only state-owned holding company in Bhutan has revealed that it has been mining Bitcoin (BTC) for many years as part of its diverse portfolio…[continue reading]

2) US Banking Crisis Is Not Over Said J.P. Morgan Asset Management CIO

According to the chief investment officer at J.P. Morgan Asset Management, the banking industry crisis will continue to claim victims. In a new interview with Bloomberg Television, Bob Michele argues that the banking crisis will not end with the First Republic…[continue reading]

3) Binance Returns To Japan After June 2023

Binance is expected to resume operations in the Japanese cryptocurrency market in November 2022, following the acquisition of licensed trading venue Sakura. Binance will soon recommence operations in Japan after acquiring a locally regulated Bitcoin exchange in November 2022 and leaving the country five years ago due to regulatory pressure…[continue reading]

4) According To Cynthia Lummis And Patrick McHenry, The President Will Sign Crypto Legislation Within The Next Year

At Consensus 2023, Republican policymakers Patrick McHenry and Cynthia Lummis, both of whom are enthusiastic supporters of cryptocurrencies, updated attendees on the latest developments in digital asset legislation…[continue reading]

5) Hong Kong Regulators Mandate That Banks Establish Accounts For Cryptocurrency Firms

Prior to receiving a license, Hong Kong’s central bank urged banks to provide services to crypto firms. The Hong Kong Monetary Authority (HKMA), the city’s central bank and regulator, has requested that banks offer their services to cryptocurrency companies…[continue reading]