here is a roundup of some of the major news and events in the world of cryptocurrency during April 2023:
- Bitcoin (BTC) and Ethereum (ETH) prices experienced a significant drop in mid-April, with BTC dropping below $50,000 and ETH dropping below $2,000. However, both cryptocurrencies have since rebounded somewhat.
- Tesla announced that it had sold a portion of its Bitcoin holdings, totaling $272 million, in the first quarter of 2023. The company also announced that it had earned $101 million in profit from selling its Bitcoin.
- The US Securities and Exchange Commission (SEC) delayed its decision on whether to approve a Bitcoin exchange-traded fund (ETF) proposed by VanEck. The decision was originally expected in late April but has now been postponed until June.
- PayPal announced that it would allow US customers to withdraw cryptocurrency to third-party wallets. Previously, customers could only buy, hold, and sell cryptocurrency within PayPal’s platform.
- The Chinese government continued its crackdown on cryptocurrency mining and trading. Several provinces announced plans to ban cryptocurrency mining, and major Chinese banks restricted cryptocurrency-related transactions.
- The Winklevoss twins’ Gemini exchange announced plans to launch a Bitcoin rewards credit card in the US. The card will allow users to earn Bitcoin rewards on their purchases, with rewards automatically deposited into their Gemini accounts.
- Ethereum’s London hard fork, which includes the highly anticipated EIP-1559 upgrade, is expected to go live in July. The upgrade is intended to improve transaction processing and reduce fees on the Ethereum network.
These are just a few of the major developments in the cryptocurrency world during April 2023. The industry is constantly evolving and it’s always important to stay up to date on the latest news and trends.
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