Societe Generale’s Crypto Arm Unveils Euro Stablecoin on Ethereum

 SocGen Forge also revealed plans to have the stablecoin listed on digital asset exchanges in the coming months. 

Societe Generale’s crypto arm – SG Forge – has announced the launch of a stablecoin pegged to the euro on Ethereum, dubbed EUR CoinVertible.

The latest offering will be accessible to only those institutional investors qualified on the basis of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

That’s a First After Shanghai: Ether Staked Volume Exceeds Withdrawals

 The upgrade pushed ETH’s price to the highest level since May 2022.

Ethereum successfully implemented a long-awaited tech upgrade on April 12.

Also known as Shapella – this upgrade enabled withdrawals for the first time from the proof-of-stake blockchain.

A week later, the amount of staked Ether has now exceeded the number of ETH being withdrawn for the very first time.

Ripple lawsuit could send cryptos screaming higher says top analyst

 In a recent tweet, a prominent trader who goes by “Tree of Alpha” indicated that a favorable ruling about the status of XRP in the SEC lawsuit against Ripple would be the most important news for cryptocurrency traders. 

Terraport Finance Exploited for $2M Barely 10 Days After Launch

 The $2 million hack comes 10 days after the launch of Terraport Finance 

Terraport Finance, a decentralized finance (DeFi) platform on the Terra Classic network, has lost over $2 million worth of digital assets through an exploit on its liquidity wallet.

According to an announcement from the project’s official Twitter handle on April 10, the Terraport team is still investigating the hack and trying to secure the protocol.

Radisson Hotel to accept Shiba Inu payments in Georgia

 In a bold stride toward the fusion of hospitality and digital currency, Radisson Hotel, an esteemed global hotel group, is now accepting shiba inu (SHIB), bitcoin (BTC), and ethereum (ETH) for reservations in its Georgian branch. 

This announcement comes shortly afterward Elon Musk changed Twitter’s logo to DOGE’s one, quickly reigniting the curiosity surrounding meme tokens. 

CZ Says Interpol Red Notice Rumors Are FUD

 The world’s largest crypto exchange Binance has seen its market dominance dwindle following the CFTC lawsuit last month.

America’s war on crypto has targeted Binance, the world’s largest crypto exchange. In late March, the Commodity Futures Trading Commission unleashed a barrage of accusations against Binance and CEO Changpeng Zhao.

Analysts bet on BTC and ETH to rally amid banking nightmare

 The a banking debacle exacerbated investors’ anxiety over a potential worldwide economic slowdown, and a repeat of the 2008 financial crisis.

According to three industry analysts,  the current banking crisis is the catalyst that will cause bitcoin and ethereum to experience massive price explosions.

Chris Burniske, a former crypto analyst at Ark Invest, Mike McGlone, a senior macro strategist at Bloomberg Intelligence, and Robert Kiyosaki, a well-known author, and businessman, are the three financial experts featured in a recent video from altcoin daily.