Daily News Headlines | Latest Crypto News (1st April)

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Let’s dive into these news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.

FCA Compels Crypto Exchanges to Share Financial Crime Information:

UK’s watchdog FCA has now mandated that crypto business should share their annual financial crime information with them. This mandate covers crypto exchanges and crypto wallet service providers. Apart from these, the electronic money institutions and multilateral trading facilities are among the categories of firms that also became subject to the new rules.

According to the FCA, irrespective of the total annual revenue, the addressed firms are those that “hold client money or assets.” Following this announcement, many crypto-based businesses have shut down their operations or services in the UK.

‘Godzilla vs. Kong’ Launch Alongside Three Related NFT Drops:

Legendary’s big showbiz in collaboration with pop culture artist Kode “BossLogic” Abdo, have released NFT cards of the long-awaited Hollywood thriller Godzilla vs Kong. These NFTs along with three other digital collectibles.
BossLogic has previously worked with giants like Disney and Marvel for their movie ventures. The drop begins today on MakersPlace and includes seven pieces, including an animated single-edition piece called “Legends Will Collide.”
“Godzilla vs. Kong” is the first major studio film to launch with NFTs.

Goldman Sachs Offers Bitcoin Investment to its Affluent Clients:

Digging deep into the cryptocurrency business, Goldman Sachs has decided to offer Bitcoin Investment to its Affluent Clients. Mary Rich, Goldman’s Global Head of Digital Assets, said that “Offering involves bitcoin and other digital assets, Expected to go live in the second quarter, the rich clients would have access to physical bitcoin, derivatives or traditional investment products.”
While the cryptocurrency regulations in the U.S.A are undeniably vague, the banking giant has still decided to reopen its trading desk for crypto asset management. Let’s see what the future holds for them.

Ripple’s XRP Case Settlement with SEC for $100 Million:

An inside source, on the condition of remaining anonymous, has revealed that the tech giant Ripple Labs is in talks about settling the XRP lawsuit filed by US SEC. The fine or penalty levied on the crypto asset company is said to go up to a whopping $100 million.

Although there’s no official announcement of such development right now, it sure looks like the end of Ripple’s dreams to go mainstream with XRP tokens which were recently labeled by the SEC as ‘not comparable’ to Bitcoin or Ethereum. For now, Ripple has consented to deny the findings of the authorities in the investigation. But the road ahead looks very difficult for the tech giant as they’re ordered to notify the commission prior to issue any ‘cryptocurrencies,’ ‘digital coins,’ or ‘digital tokens’ in the future.

‘Crypto Mom’ says U.S Bitcoin ETF long Overdue for Approval:

SEC’s Crypto Mom aka Commissioner Hester Pierce has reiterated her support for cryptocurrencies. In a candid interview with Forbes, she took a volley of crypto-related questions and answered very tactfully.
The commissioner acknowledged that approving a BTC ETF in the United States should have been done a long time ago. But the State hasn’t been able to do so because the standards set for Bitcoin ETF proposals may have been too high.

“My view has been that we’re overdue on approving one of these things. I also think we’ve dug ourselves into a bit of a difficult hole by setting standards for approval that are difficult to figure out how to satisfy. So I really don’t know where we’re going to go.”

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