Daily Digest – April 25th

• Bitcoin hits 8 week low in bearish market, while Polkadot emerges as the biggest loser.

• Kraken obtains license in Abu Dhabi to operate a crypto exchange.

• The Central African Republic to adopt Bitcoin as a legal tender.

• Elon Musk and Twitter execs in advanced talks over Twitter purchase.

• Grayscale could take legal action if the SEC rejects Bitcoin spot ETF.

SHIB Launches Burn Portal, Offering Rewards 

The team behind the iconic meme coin Shiba Inu launched its new token burn mechanism on Sunday.

The mechanism, called the ‘SHIB Burn Portal’, provides rewards to SHIB token holders that contribute to reducing SHIB’s circulating supply by burning their coins...

New York to Vote on Bill to Ban Bitcoin Mining

Bitcoin (BTC) and Ethereum (ETH) mining could be banned on Monday, April 25th if the New York State Assembly passes Bill A7389C. If so, New York would become the first state to ban crypto mining activities in the United States.

The proposed bill is widely opposed by miners and crypto enthusiasts in the state. One of the BTC support associations to have reacted the strongest has been the ‘Bitcoin Advocacy Group’, which has asked the New York crypto community to oppose the legal proposal...

Michael Saylor Dispels Rumors that MicroStrategy Is Selling Bitcoin, Promising Further Acquisitions

The founder and CEO of the Bitcoin-accumulating, business-intelligence software company MicroStrategy, has dispelled rumors that his company has been quietly selling bitcoin.

...

Coinbase Set to Buy Turkey’s Largest Crypto Exchange ‘BtcTurk’ for $3.2 Billion

Coinbase is set to take over Turkish crypto exchange ‘BtcTurk’ in a whopping $3.2 billion deal. Starting from May, the world’s second-largest crypto exchange will be in charge of BtcTurk...

SkyBridge Capital Goes All-in, and Remains “Extremely Bullish” on Crypto

Although Bitcoin and the broader crypto market have largely been on the decline since the start of 2022, the founder of SkyBridge Capital, Anthony Scaramucci, remains extremely bullish on the future of crypto...

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