CoinDesk

According to Paul Brody, the head of blockchain at EY, offshore firms currently dominate the list of the biggest cryptocurrency exchanges. However, Brody predicts that the center of gravity for these exchanges will move onshore in the future.

On Wednesday, April 26th, the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. This move escalates the federal government's crackdown on cryptocurrency privacy tools and services.

According to the latest market data, all 20 cryptocurrencies tracked in the gauge experienced declines over the past week. Solana, Cardano, and Aptos were among the biggest losers, leading the overall downward trend in the cryptocurrency market.

Shrapnel, an upcoming first-person shooter game that incorporates blockchain technology, is scheduled for release in 2025. The game's creator provided a preview to Jeff Wilser in anticipation of their appearance at the Consensus 2024 event.

According to his LinkedIn profile, Rodrigo Seira has rejoined Cooley LLP, the law firm where he previously worked.

Saudi Arabia is positioning itself to become a hub for cryptocurrency in the Middle East region. The country boasts a young population, substantial government funding, and the prospect of favorable regulation for the crypto industry. However, it remains to be seen whether the high expectations surrounding Saudi Arabia's crypto ambitions will align with the actual outcomes.

Changpeng 'CZ' Zhao, the founder and former CEO of the cryptocurrency exchange Binance, will be sentenced on Tuesday. The sentencing comes after Zhao's legal battles, and the outcome will determine if he will face imprisonment or not.

Backed, a company specializing in tokenization and blockchain integration for asset managers, has announced a successful fundraising round. The proceeds from this round will be utilized to expedite the development of Backed's private tokenization offering and facilitate the onboarding of asset managers onto blockchain platforms, as stated by the company.

According to reports, a token experienced a substantial surge in trading volume, reaching $75 million within the first hour after claims related to it went live on April 30, 2024. The sudden increase in trading activity suggests a heightened interest from investors and traders following the release of these claims.

This is a daily newsletter from CoinDesk that provides analysis and context on the latest price movements and developments in the cryptocurrency markets, particularly focusing on Bitcoin (BTC) and other major digital assets.