FameEX Morning Crypto News Recap | April 16, 2024

Worldcoin Subject to Over $1 Million in Fines in Buenos Aires for Legal Infractions

The Buenos Aires government has accused Worldcoin, a biometric iris scanning digital ID company, of various violations, including mishandling users' digital data. The city claims that Worldcoin imposes unfair terms on users, such as clauses allowing for possible service disruptions.

Analyst Predicts Bitcoin Price Could Hit $650K as ETF Investors Adopt Asset Management Tactics

Onchain analyst Willy Woo predicts Bitcoin could peak at $650,000 during the bull market, contingent on spot Bitcoin ETF investors fully deploying their assets under asset managers' guidance. Woo considers these projections modest, anticipating Bitcoin will exceed gold's market cap once ETFs are fully leveraged.

Tether Unveils Plans for Launching a Multi-Chain Tokenization Platform

CEO Paolo Ardoino announced that Tether is launching an in-house developed, white-label multichain tokenization platform. Accessible to all, this platform will facilitate the tokenization of assets including bonds, stocks, funds, and reward points, expanding the scope of digital asset management.

LBBW, Germany's Largest Federal Bank, Plans to Launch Crypto Custody Services by Mid-2024

Landesbank Baden-Württemberg (LBBW), Germany's largest federal bank, is set to introduce crypto custody services later this year. In partnership with Austria's Bitpanda, LBBW will initially provide custody solutions for Bitcoin and Ethereum, the most significant cryptocurrencies by market capitalization.

ETF Analyst Expresses Skepticism About Newly Approved Hong Kong Bitcoin ETFs; Doubts $25B Inflow Estimate

On Monday, the Hong Kong Securities and Futures Commission greenlit a series of spot ETFs linked to bitcoin and ethereum, the top cryptocurrencies by market cap. This decision has significantly excited the cryptocurrency community. Previously, the Singapore-based cryptocurrency firm Matrixport had predicted that these ETFs might draw around $25 billion in bitcoin demand.

Norway Introduces Data Center Regulations, Pointing Towards Increased Oversight of Bitcoin Mining

Norway's latest legislation aims to offer politicians deeper understanding of data centers within their municipalities, aiding informed decision-making. Minister of Energy Terje Aasland stresses its significance for assessing center operations. The law mandates nationwide registration of all data centers, specifying ownership, leadership, and digital services, streamlining regulatory oversight.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​