Fr. Apr 12th, 2024

• CZ denies rumors of senior Binance executives resigning due to ongoing regulatory challenges.
• BlackRock CEO Larry Fink likens crypto to ‘digitizing gold’ and praises Bitcoin as an ‘international asset’.
• Bitwage halts USDC payments for US residents, citing ‘strict regulations’.

CZ Denies Rumors of Senior Binance Executives Resigning

Changpeng Zhao (CZ), the CEO of major cryptocurrency exchange Binance, has denied rumors that some senior executives are resigning from the company due to ongoing regulatory challenges. The news comes after a recent report suggested that two key members of the firm were considering leaving the company in light of increased regulatory scrutiny.

BlackRock CEO Larry Fink Praises Crypto

BlackRock CEO Larry Fink likened crypto to digitized gold and praised Bitcoin as an international asset during a recent interview with Bloomberg. He also stressed that he believes digital currencies will play an important role in global finance moving forward, despite the skepticism around them from regulators and traditional investors.

Bitwage Halts USDC Payments for US Residents

Crypto payroll service Bitwage has halted USDC payments for US residents citing “strict regulations” on digital assets within the country. The decision was made following recent guidance issued by FinCEN which outlined stricter rules for transactions involving self-hosted wallets and decentralized exchanges.

Valkyrie Refiles Spot-Bitcoin ETF Application with Coinbase Named as Partner

Valkyrie Digital Assets has refiled its spot-Bitcoin ETF application with Coinbase Custody Solutions named as its surveillance partner. The refiling comes after Valkyrie’s initial proposal was rejected by the SEC earlier this year over concerns about market manipulation and investor protection issues surrounding digital assets.

NEAR & Ethereum Contrasting Approaches to Blockchain Scalability

Shards and Layer-2s have become popular topics among blockchain developers looking to increase scalability solutions on their networks; NEAR Protocol and Ethereum both employ different approaches to tackle scalability issues but each offers unique benefits depending on use case requirements.

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