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Crypto Evening Briefing: Crypto Regulation by Enforcement Is ‘Really, Really Bad,’ Says Binance CEO

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G-7 Will Focus on Helping Developing Nations Introduce CBDCs

The Group of Seven (G-7) nations have announced their intention to prioritize assistance to developing countries in introducing their own central bank digital currencies (CBDCs).

CFTC Defines Bitcoin, Ethereum, and USDC as Commodities in Latest Crypto Fraud Case Against Deutsche Bank Investment Banker

The CFTC has filed a civil enforcement action against former Deutsche Bank investment banker Rashawn Russell for digital asset trading fund fraud and misappropriation of investor assets.

Twitter Will Be Added to Dogecoin Ponzi Scheme Litigation If Elon Musk Cannot Get Case Dismissed

Twitter may be added as a defendant in a class action lawsuit alleging that dogecoin is a Ponzi scheme being manipulated by Elon Musk, according to a lawyer in the case. 

Spanish Tax Agency to Send Over 328K Notices to Crypto Holders

The State Tax Administration Agency of the Government of Spain (AEAT) is increasing efforts to charge local holders of crypto assets, intending to dispatch 328,000 warning notices to those who should pay their taxes on crypto for the 2022 fiscal year.

Crypto Regulation by Enforcement Is ‘Really, Really Bad,’ Says Binance CEO

Binance CEO Changpeng Zhao has said that regulation, rather than lack of clarity, is a better option for the crypto industry. However, he added that regulation by enforcement is bad. Speaking at the Hong Kong Web3 Festival, Zhao said it was important to actively engage with regulators and find ways to limit nefarious players in the industry. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $30,159.25 USD, jumped by 0.08% in the last 24 hours;

ETH’s live price is $1,888.78 USD, dropped by 1.32% in the last 24 hours;

BNB’s live price is $320.59 USD, dropped by 2.80% in the last 24 hours;

XRP's live price is $0.5060 USD, dropped by 3.17% in the last 24 hours.

Fundraising News

OKX Ventures Announces Strategic Investment in Sei Network

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced a strategic investment in Cosmos-based DeFi Layer 1 blockchain Sei Network.

Ripple Now Funds 45+ Universities and 1K+ Research Projects

Ripple Labs has funded over 45 university partnerships and more than 1,000 research projects through its University Blockchain Research Initiative (UBRI) since 2018.

Crypto Miner Bitdeer to Go Public on Nasdaq via SPAC Deal

Bitdeer Technologies, a Singapore-based cryptocurrency mining firm founded by Chinese crypto tycoon Jihan Wu, is set to go public on Nasdaq on April 14 via a SPAC merger with Blue Safari Group Acquisition.

Getaverse Has Successfully Closed a Funding Round With ChainUp

Getaverse, a metaverse ecological service platform based on the web3 digital authentication engine, announced that they have successfully closed a funding round with ChainUp.

Social Marketplace HUG Raises $5M Seed Round Led by DIGITAL, OKX Ventures, to Build Creator-First Commerce for Artists

HUG, a social marketplace that connects digital art and NFT creators with current and prospective collectors, announced today the closing of a $5M round of seed funding led by DIGITAL, a Web3 investment fund founded by Mark Daniel and Benjamin Milstein (aka OhhShiny), whose portfolio includes leading Web3 startups Yuga Labs, Dapper Labs, Recur, MoonPay, and more. OKX Ventures, the investment arm of OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, also participated in the round.

Layer-1 Blockchain Sei Labs Announces $50 Million Investment From Bitget and Foresight Ventures

Sei Labs, a blockchain start-up, is building a new layer-1 blockchain for trading, which is set to launch later this year. The company has raised $50m for its ecosystem fund, bringing its valuation to $800m. 

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