The top 5 crypto news for the day, are as follows:
The ex-boss of the CIA, Michael Morell has recently argued in a published report that the Blockchain technology behind Bitcoin is underused as a forensic tool and that the technology behind Bitcoin should not be avoided by governments but appreciated.
“Blockchain technology is a powerful but underutilized forensic tool for governments to identify illicit activity and bring criminals to justice.”
Crypto Council for Innovation’s published report said that the Blockchain technology behind Bitcoin can be utilized to catch them instead of giving rise to a narrative that it is used by criminals for illegal activities.
The report read:
“Put simply, blockchain analysis is a highly effective crime-fighting and intelligence gathering tool.”
Ahead of its listing on Nasdaq under the “COIN” ticker., United State’s biggest cryptocurrency exchange Coinbase’s share prices have set at $250 per share. This would value the company at around $65.3 billion on a fully diluted basis.
on April 14, DOGE experienced a really strong price rally with a hike of about 80% and a new all-time high of $0.133041. The meme-based cryptocurrency has been rallying up to 1,905% this year, bringing its total market capitalization above $14 billion.
The price growth for Dogecoin has become one of the biggest headliners for this year as high-profile influencers including Elon Musk, Snoop Dogg, and Mark Cuban are among the proud members of the Dogecoin Army.
Indian Minister of State for Finance and Corporate Affairs Anurag Thakur said that the forthcoming crypto bill in India will protect investor’s interests.
“Fiat currencies don’t see such fluctuation. We will ensure that the interest of crypto investors is protected in the Bill. But we want to make it clear that we are in favor of technology.”
ConsenSys the blockchain developing enterprise has managed to raise $65 million in funding from big banks like Mastercard, JPMorgan, and UBS.
ConsenSys made an announcement on Tuesday that it has secured backing from mainstream financial institutions. In addition to this, the details present in the announcement revealed that several funds were added to the stablecoins based on Ethereum, USDC, and DAI.
The Blockchain company that managed to thrive the long crypto winter, has been quite fluctuating in recent years from reengineering its business to layoffs.
Blockchain Firm ConsenSys Raises $65M in Funding from Banking Giants
Crypto Bill Will Protect Investors Interests, Government Official of India
Dogecoin Hits a New All-Time High Amid Crypto Market Frenzy
Coinbase Reference Price Set at $250/Share Ahead of its Direct Listing
Michael Morell Argues Blockchain Tech Behind Bitcoin is a Boon