Daily Digest – April 20th

• Bitcoin transaction fees at 2-year low, and institutional outflows hit $73 million as Australia plans to launch Bitcoin ETF next week.

• ApeCoin (APE) surges 40% in anticipation of a big announcement. 

• Robinhood expands to Europe, Binance.US gets money transmitter license in Puerto Rico.

• Russia could use crypto mining to evade sanctions, the IMF warns.

 Commonwealth Bank of Australia Suffers Crypto Scam 

Fake articles about Australia’s largest bank – the Commonwealth Bank – were recently spread on social media, including Facebook. The scam lured users to a fake website where their personal data and funds were then stolen.

The initial fraudulent articles were presented as a breaking story by the Australian Broadcasting Corporation, which stated that the bank had signed a partnership with a crypto exchange platform, encouraging people to invest in cryptocurrencies through the same exchange...

The Sandbox Eyes $4 Billion Valuation in Upcoming $400 Million Funding Round

Popular metaverse project, ‘The Sandbox’ (SAND), is reportedly looking to raise $400 million in its next funding round, which would take the valuation of the crypto startup to $4 billion.

The Sandbox was one of the earliest metaverse platforms built on the Ethereum blockchain. The Animoca Brands owned startup allows users to buy, sell, trade, and own digital assets in a virtual world...

Hyundai Brings Auto Fans Into the ‘Metamobility Universe’ With a Community-Based NFT Project

South Korean automobile brand Hyundai Motors has partnered with the ‘Meta Kongz’ NFT project to enter the Web 3.0 space. The innovative world of the ‘Hyundai Metamobility Universe’ will start releasing mobility vehicles as NFTs in May.

Meta Kongz has been in the NFT world since December 2021. The collection of 10,000 PFP gorilla NFTs is among the top 100 global NFT projects...

ApeCoin (APE) Surges 40%, Closes in on Previous Highs in Anticipation of a Big Announcement

ApeCoin (APE) launched in March, garnering the undivided attention of the crypto community. Within hours of its launch, APE rallied from $1 to an all-time high (ATH) of $39.40, and remained Ethereum whales’ most traded crypto for a week...

The 3 Best Cloud Mining Sites in 2022

As the crypto industry booms, the demand for mining has skyrocketed. With mining crypto in a basement becoming a thing of the past, cloud mining is on the rise. Picking a provider for your cloud mining needs can be tricky, so here are 3 cloud mining platforms to try out in 2022 for maximum profit...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas