Terraform Labs Scandal: What Happened and What's Next for Cryptocurrency?

Visa Ramps Up Crypto Development: Join the Growing Crypto Community and Stay Ahead of the Game ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.20T (+4.39%) 24 Hour Volume $42.11B (+17.04%) Notable Movers[(CRO) $0.07272]( (+10.42%) Notable Movers (DeFi)[(SXP) $0.6288]( (+18.53%) Bitcoin Dominance 46.56%[(+0.54%)]( Bitcoin Price[(BTC) $28,843.65 (+5.57%)]( Ethereum Price[(ETH) $1,897.59 (+4.46%)]( Cardano Price[(ADA) $0.4037 (+6.54%)]( Today’s Top Stories [Coinbase Sues SEC]( Coinbase has filed a lawsuit against the SEC, demanding a clear response to its petition for crypto regulation, which has not been answered in a reasonable or timely manner, according to the company. The lawsuit comes amid a dispute between Coinbase and the SEC over its plan to launch a lending product that the SEC considers to be a security. [Terraform Labs Co-Founder Indicted in South Korea]( Daniel Shin, the co-founder of Terraform Labs, has been indicted by South Korean prosecutors along with nine others, accused of crimes related to the collapse of Terra and Luna, two cryptocurrencies developed by the company that wiped out $60 billion in market capitalization last year. Shin's co-founder, Do Kwon, is also facing legal troubles in multiple countries and is expected to stand trial in Montenegro on May 11th. [Standard Chartered Says Bitcoin Could Rise to $100,000 Next Year]( Standard Chartered predicts that Bitcoin could reach $100,000 by the end of 2024, citing several factors such as its status as a safe haven and means of remittance, fallout from the collapse of Silicon Valley Bank, improved profitability of miners, and the upcoming halving in 2024. [Visa Hiring More Developers to Take Crypto Mainstream]( Visa is expanding its crypto division with new software engineer hires for its "ambitious crypto product roadmap," which aims to drive mainstream adoption of crypto technology. 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, with the positions requiring proficiency in programming, building scalable backend systems, and working with web3 technologies. [Binance.US Pulls Out of Voyager Deal]( Binance.US has canceled its $1.3 billion deal to acquire the assets of Voyager Digital, citing regulatory hurdles and the current market environment. The two companies have mutually agreed to terminate the agreement and explore other ways to collaborate in the future. [Read The Full Newsletter]( [The New York Times Vs Bitcoin Mining: An Article Review]( Coin vs Token: What Is the Difference? Coins versus tokens — just two sides of the same crypto coins? Not quite — learn the difference between these two terms. [Read More]( [Satoshi Files: Zooko Wilcox-O’Hearn]( What Is De-Dollarization And What Does It Mean For Crypto? With the recent talk about de-dollarization, let's explore its potential implications on the global economy, and how it may affect Bitcoin and other cryptocurrencies. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States