2024-04-18

Author

Fernando Fierro
April 18, 2024

Howdy folks,

Did the Commodity Futures Trading Commission (CFTC) know about the FTX collapse before everything fell apart?

Senators Warren and Grassley are on a mission to find out, demanding details on the CFTC's interactions with Sam Bankman-Fried (SBF).

They're digging deep into the pre-collapse period, wanting to know just how much the regulators knew before FTX's downfall.

🕵️‍♂️📉 This investigation could reveal significant insights into the oversight and potential lapses in the regulation of the crypto market.

In other news:

🎵🛰 Justin Sun just dropped the “Tron Anthem” composed by Hans Zimmer. Yes, that Hans Zimmer!

The track, which took two years to make, merges epic music with blockchain vibes, aiming to inspire the Tron community.

Zimmer’s involvement raises questions about whether this was a passion project or another of Sun’s high-profile collaborations.

🌍🇬🇧 The UK is racing to pass crypto regulations before the next elections to secure its spot as a global crypto hub.

This includes rules on everything from stablecoins to asset custody.

However, critics argue that the tight regulatory leash might harm innovation and limit investment opportunities, potentially causing the UK to fall behind other countries with more flexible approaches.

💸📉 And finally, as Bitcoin’s price crashed this weekend, Anthony Pompliano remains unshaken, calling this crash a “dream” for long-term investors.

He argues that such fluctuations are typical in bull cycles, emphasizing Bitcoin's potential resilience and recovery capabilities compared to traditional safe havens like gold.

What do you think?

DailyCoin Daily Meme

“Privacy Is Normal”: Vitalik Buterin Defends Railgun Usage Despite by North Korean Hacker Links

The revelation of Ethereum co-founder Vitalik Buterin's use of Railgun has recently rehashed the blockchain privacy debate. Read more on DailyCoin.

Ripple CLO: “No Pre-Trial Conference” – Is the Case Affected?

Ripple lawsuit nears verdict! Win could trigger XRP surge, loss could trigger stricter regulation. DailyCoin analyzes the case's impact.

How Secure Can Your Private Chats Be? Telegram’s Founder Bets on Crypto-Like Tech to Combat Government Surveillance

Telegram CEO Pavel Durov proposes new technology inspired by cryptocurrency to protect private communications against government surveillance.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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