MELEGA

<p>The U.S. budget might be getting a makeover with blockchain. Robert F. Kennedy Jr., the candidate running for president, wants to put the entire U.S. budget on the blockchain.</p><p>This wild idea would make the budget more transparent, and every American would check any budget item anytime they wanted.</p><p>On a different note, the 4th Bitcoin halving happened last week, but the price of BTC hasn&#39;t made any crazy moves. Still, some experts believe it&#39;ll eventually hit $100k or even $1 million.</p><p>And, as usual, there&#39;s been a lot of legal and regulatory action in the crypto world this week. Follow along as we delve into the top six news stories we found most interesting over the last seven days</p><p>For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to <a href="https://melega.finance/" rel="noopener noreferrer nofollow">visit our website</a> and follow Melega Finance (<a href="https://twitter.com/MelegaExchange" rel="noopener noreferrer nofollow">&#64;melega</a><a href="https://twitter.com/MelegaExchange" rel="noopener noreferrer nofollow">exchange</a>) on Twitter for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (April 21–April 27, 2024)</h2><p>●  Do Kwon Challenges Court Decision on Extradition in Montenegro</p><p>●  SEC Delays Decision on Franklin Templeton’s Ether ETF</p><p>●  Mt. Gox Updates Repayment Schedule for Creditors</p><p>●  Samourai Wallet Co-Founders Arrested on Money Laundering and Licensing Charges</p><p>●  U.S. Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao</p><p>●  Crypto Groups Sue SEC Over Expanded &#34;Dealer Rule&#34;</p><h3 id="do-kwon-challenges-court-decision-on-extradition-in-montenegro">Do Kwon Challenges Court Decision on Extradition in Montenegro</h3><p>Do Kwon, co-founder of Terraform Labs, has <a href="https://en.vijesti.me/news/black-chronicle/704034/lawyers-up-until-the-end-filed-an-appeal-with-bare-strength-for-the-interests-of-the-lucrative-minister-of-justice" rel="noopener noreferrer nofollow">appealed </a>a Montenegrin high court&#39;s decision that could allow the Justice Minister to decide his extradition to the U.S. or South Korea. Kwon&#39;s legal team contends the ruling is &#34;unfounded and illegal.&#34; The extradition issue has been entangled in the Montenegrin judicial system, shifting between various courts as Kwon faces charges related to Terraform&#39;s collapse.</p><h3 id="sec-delays-decision-on-franklin-templeton-s-ether-etf">SEC Delays Decision on Franklin Templeton’s Ether ETF</h3><p>The SEC has<a href="https://www.sec.gov/files/rules/sro/cboebzx/2024/34-100015.pdf" rel="noopener noreferrer nofollow"> extended its deadline</a> to June 11 to decide on Franklin Templeton&#39;s application for a spot in Ether ETF on the Cboe BZX Exchange. This additional 45-day period allows the commission more time to review the proposal to list and trade shares of the Franklin Ethereum Trust, following their previous landmark approval of spot Bitcoin ETFs.</p><h3 id="mt-gox-updates-repayment-schedule-for-creditors">Mt. Gox Updates Repayment Schedule for Creditors</h3><p>Mt. Gox creditors now have <a href="https://www.reddit.com/r/mtgoxinsolvency/comments/1caa0tn/1804_repayment_table_populated_x7/" rel="noopener noreferrer nofollow">updated information </a>on their claims accounts, detailing the expected Bitcoin, Bitcoin Cash, and fiat repayments. This update, reflecting entries of both completed and pending repayments, marks significant progress in the long-awaited compensation process. The updates signal upcoming disbursements, continuing the rehabilitation efforts following the platform&#39;s collapse because of a massive security breach in 2014.</p><h3 id="samourai-wallet-co-founders-arrested-on-money-laundering-and-licensing-charges">Samourai Wallet Co-Founders Arrested on Money Laundering and Licensing Charges</h3><p>The co-founders of Samourai Wallet, a cryptocurrency mixer,<a href="https://www.wsj.com/articles/crypto-mixer-samourai-wallets-co-founders-arrested-for-money-laundering-df237a4e" rel="noopener noreferrer nofollow"> were arrested </a>by the U.S. Department of Justice for allegedly facilitating over $100 million in money laundering through illegal transactions totaling $2 billion. CEO Keonne Rodriguez and CTO William Hill face charges of money laundering and operating an unlicensed money-transmitting business. Their arrests on April 24 led to a sharp downturn in cryptocurrency markets, highlighting increased regulatory scrutiny on crypto mixers.</p><h3 id="u-s-prosecutors-seek-36-month-sentence-for-binance-founder-changpeng-zhao">U.S. Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao</h3><p>U.S. prosecutors have <a href="https://www.reuters.com/legal/us-seeks-36-months-jail-binance-founder-zhao-2024-04-24/" rel="noopener noreferrer nofollow">recommended </a>a 36-month prison sentence for Binance founder Changpeng Zhao following his guilty plea for money laundering charges. This sentence, which exceeds federal guidelines, along with a $50 million fine, is deemed necessary to address the severity of Zhao’s actions. Zhao’s sentencing is scheduled for April 30.</p><h3 id="crypto-groups-sue-sec-over-expanded-34-dealer-rule-34">Crypto Groups Sue SEC Over Expanded &#34;Dealer Rule&#34;</h3><p>The Blockchain Association and the Crypto Freedom Alliance <a href="https://www.reuters.com/legal/transactional/crypto-industry-groups-sue-texas-challenge-secs-dealer-rule-2024-04-23/" rel="noopener noreferrer nofollow">are suing</a> the SEC to challenge the expanded &#34;Dealer Rule,&#34; which they claim stifles U.S. digital asset market innovation. They argue the SEC exceeded its authority with the rule&#39;s broad definition, creating an onerous regulatory framework that could drive digital asset companies overseas and deter American innovation. They seek to overturn this expansion under the Administrative Procedure Act.</p><h3 id="">•••</h3><p><em><strong>Risk warning</strong>: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.</em></p><h3 id="trade-with-the-best-decentralized-amm-cryptocurrency-exchange">Trade with the best decentralized AMM cryptocurrency exchange</h3><p>Do you want to buy, sell, and invest in cryptocurrencies while still having 100% control of your crypto assets? If yes, then Melega Finance is for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that offers users various options to trade and earn free tokens at high-interest rates and low charges.</p><p>At Melega, nobody manages your funds for you because you manage them directly from your wallet, while smart contracts transparently take care of everything else.</p><p><strong>Learn More About the Melega Ecosystem</strong></p><p>DAPP: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><p>Website:<a href="https://melegaswap.finance/" rel="noopener noreferrer nofollow"> https://melegaswap.finance</a></p><p>Crypto Services Hub: <a href="https://melega.space/" rel="noopener noreferrer nofollow">https://melega.space/</a></p><p>Telegram: <a href="https://t.me/melegacommunity" rel="noopener noreferrer nofollow">https://t.me/melegacommunity</a></p><p>Twitter:<a href="https://twitter.com/melegaexchange" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/melegaexchange" rel="noopener noreferrer nofollow">https://twitter.com/meleg</a><a href="https://twitter.com/melegaexchange" rel="noopener noreferrer nofollow">aexchange</a></p><p>Binance Square Page: <a href="https://www.binance.com/en/feed/profile/212703589" rel="noopener noreferrer nofollow">https://www.binance.com/en/feed/profile/212703589</a></p><p>Instagram: <a href="https://www.instagram.com/melega.finance/" rel="noopener noreferrer nofollow">https://www.instagram.com/melega.finance/</a></p><p>YouTube:<a href="https://www.youtube.com/channel/UC_kjHoXOkPSSB4HeHNZMq-Q" rel="noopener noreferrer nofollow"> Melega Finance Official</a></p>

Crypto Weekly Recap: Mt. Gox Updates Repayment; Samourai Wallet Founders Arrested; CZ Faces 36-Month Sentence; and More (April 21-27, 2024)

Table of Contents

MelegaSwap

Other articles published on Apr 28, 2024

Ethereum Faces a Critical May

Top Gainers in the Crypto Market Last Week

Pepe Coin Escape From Channel Pattern Hints A Price Rally to $0.00001

Key Insights on Upcoming Optimism Token Unlock Event

Five Best Coins To Invest In During The Year Of The Dragon For 100x In Price Gains

Crypto Expert Projects a 1000% Increase for BlastUP: How Credible Is This Forecast?

Join our free newsletter for daily crypto updates!