This week in web3 #25
Every Friday afternoon, we share with you the most important news of the week in the world of web3.
1️⃣ Bitcoin drops below $30K
Bitcoin slid more than 3% in just 15 minutes during European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization to below $30K. https://www.coindesk.com/markets/2023/04/19/bitcoin-drops-1000-in-15-minutes-longs-make-98-of-liquidations/
2️⃣ Coinbase could leave the US
Coinbase, the largest U.S.-domiciled crypto exchange by trading volume, could leave the U.S. if regulators don't clarify their approach to cryptocurrencies, CEO Brian Armstrong said. https://www.investopedia.com/coinbase-could-leave-us-7482077
3️⃣ EU adopts MiCA
Lawmakers in the European Union on Thursday voted in favor of a new crypto licensing regime, Markets in Crypto-Assets (MiCA), making it the first major jurisdiction in the world to introduce a comprehensive crypto law. https://www.coindesk.com/policy/2023/04/20/eu-parliament-approves-crypto-licensing-funds-transfer-rules/
4️⃣ Société Générale lauches stablecoin
Société Générale's crypto arm, Forge, announced plans to launch a euro stablecoin, "CoinVertible," on the Ethereum blockchain. Unfortunately, the smart contract shows issues that make the coin very centralized. https://beincrypto.com/gaping-flaws-societe-generales-euro-stablecoin-code/
5️⃣ Rainbow + Ledger
Rainbow, the crypto wallet company, just announced that you can pair your Ledger Nano X hardware wallets with your Rainbow wallet on iOS and Android. https://twitter.com/rainbowdotme/status/1648748053405347840
6️⃣ Trump releases 2nd NFT collection
Former POTUS Donald Trump took to Instagram after over two years to advertise his second series of NFTs. https://beincrypto.com/second-donald-trump-nft-collection-market-first-gen-collection-price-suffers/