BTC To $100k? & Terraform Labs Co-Founder Indicted! [ Crypto Espresso 4.26.23 ]

It's Wednesday and you know what that Means take a guess it's news you really Should write this down I'm your nagging Host Andrew and this is crypto espresso Your teeny tiny daily shot of Caffeinated crypto headlines come with Me on this news Journey first up Coinbase the largest U.S crypto trading Platform has filed a lawsuit against the SEC in a federal court demanding a clear Answer to its petition for crypto Regulation the petition which was Submitted back in July of 2022 asked the SEC to propose and adopt rules to govern The Securities that are offered and Traded via digital methods however Coinbase claims that the SEC has not Responded to its petition in a Reasonable or timely manner the lawsuit Comes as coinbase plans to launch a Lending product with the SEC warning Coinbase that they'll sue the company if It proceeds with the launch coinbase's Chief legal officer Paul Grewal says That the company is just seeking a yes Or no response from the SEC to its Petition and that it is not asking the Court to decide on the mayor of its Product or any other crypto issue a Major scandal in the crypto world has Led to the indictment of Daniel Shin the Co-founder of terraform Labs by South Korean prosecutors shin and nine others Are accused of various crimes related to

The collapse of Terra and Luna two Cryptocurrencies developed by terraform Labs do Quan the other co-founder is Also facing legal troubles in multiple Countries Shin's lawyer claims that his Client had nothing to do with the Terra And Luna debacle as he had left the Company two years before it happened he Also says that Shin voluntarily returned To South Korea and cooperated with the Investigation for over 10 months Prosecutors have seized 184.7 million dollars in assets from Shin and other defendants bust out that Crystal ball ladies and gentlemen Because according to a recent note from Standard Chartered Bitcoin could reach One hundred thousand dollars by the end Of 2024 as several factors boost its Appeal as a digital asset the note Predicted that the crypto winter is over Good I'll put on my swimsuit and Bitcoin Will benefit from its status as a Branded Safe Haven a perceived relative Store of value and a means of remittance One of the factors that could Propel Bitcoin higher is the Fallout from the Collapse of Silicon Valley Bank last Month and the improved profitability of Crypto miners who are likely to hold on To their coins instead of selling them If prices remain well above mining costs The note also cited the upcoming halving In 2024 and the note finally suggested

That Bitcoin could trade better as the Federal Reserve approaches the end of Its tightening cycle which could improve Risk sentiment and favor risk on assets Visa the global payment giant is Expanding its crypto division with new Software engineer hires the company has Posted several job openings for senior Software Engineers who can help it Develop and launch new products based on Public blockchain networks and Stablecoin payments according to Kai Sheffield the head of crypto and Visa The company has an ambitious crypto Product roadmap and it aims to drive Mainstream adoption of crypto technology Visa has been actively involved in the Crypto space partnering with various Platforms and providers to enable crypto Payments and services and finally Binance us the American arm of the Cryptocurrency exchange binance has Decided to cancel its 1.3 billion dollar Deal to acquire the assets of Voyager Digital a Canadian crypto broker the Deal which was announced back in September of 2021 was supposed to close By the end of March 2023 but faced Regulatory hurdles and delays according To a joint statement from both companies They mutually agree to terminate the Agreement due to the current market Environment and other factors they also Said they will continue to explore other

Ways to collaborate in the future the Deal faced scrutiny from Regulators in Both countries who have been tightening Their oversight of the crypto industry Amid concerns about money laundering Consumer protection and Market Manipulation binance us also faced the Leadership changes and legal challenges In recent months which may have affected Its ability to complete the deal and as Always I have to remind you binance is The parent company of coin market cap And I'm the parent of you dear viewer Please make sure to like this video Subscribe to our YouTube channel and Click click on that little bell icon to Get buzzed whenever a new crypto Espresso video goes live also eat your Veggies don't sit close to the TV and Cover your mouth when you sneeze for Goodness sake thoughts on today's Episode drop me a line in that comment Section below because I read them and I Take feedback far Far too seriously oh what's this Mario Gonzalez on yesterday's video posted Thank you Andrew have a wonderful day Smiley face oh thanks Mario you too Questions about our headlines or crypto In general why not take the plunge and Ask Alex in that description below Alex Is always a great resource for all Things web 3 and the metaverse and that About does it for today again as always

I've been your host Andrew these have Been your headlines and we'll see all of Your beautiful shining faces tomorrow