DAOs Beware: Neo-Imperialism Is on the Rise in Crypto-Land

Wyoming’s new legal entities for decentralized unincorporated nonprofit associations sets up legal entities that cheapens the idea of creating protocols that work independent of nation states, Martin Schmidt writes.Source

Binance Stops Support for Bitcoin NFTs Citing ‘Streamlining’ of Offered Products

Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to “streamline” its product offerings.Source

Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC

The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company.Source

Credbull’s First Crypto Fund Chases High Fixed Yields

Crypto’s high yield structured product sector is getting a bit more mature.Source

Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps

The defendants are said to have committed hundreds of acts of wire fraud, “causing harm to Google and at least approximately 100,000 Google users.”Source

First Mover Americas: Galaxy Digital to Raise $100M for New Fund

The latest price moves in bitcoin (BTC) and crypto markets in context for April 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.Source

Nigeria Court Adjourns Hearings for Binance, Execs’ Tax Evasion Cases: Reports

The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.Source

Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says

The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.Source