Crypto News

The co-founder of COTI believes the controversy surrounding central bank digital currencies will subside as major financial players adopt the technology and optimal designs are established. The co-founder however downplayed the possibility that central bank digital currencies will be built to interface with decentralized finance protocols or Web3 ecosystems. Privacy Crucial for CBDC Implementation ShahafSource link

Babylon Labs also unveiled the Babylon Genesis mainnet, a layer one blockchain powered by its native token “baby.” Seventy Chains and Counting: Bitcoin Staking Expands With Mainnet Launch and New Integration Four-billion-dollar bitcoin staking protocol Babylon and blockchain interoperability platform Axelar announced on Thursday, an integration that will provide self-custodial bitcoin ( BTC) staking toSource link

Meanwhile, a crypto-focused life insurance startup that collects payments and pays life insurance policies in bitcoin has raised $40 million in its Series A funding round. Led by Framework Ventures and Fulgur Ventures, with the participation from Xapo founder Wences Casares, the round gives Meanwhile a valuation of $190 million. Zac Townsend, co-founder and CEOSource link

A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April 9 that a Nigerian man has been chargedSource link

The statement was published by the Commission’s Division of Corporate Finance which provides investors with “the information they need to make informed investment and voting decisions.” Crypto Industry Gets Clarity on Security Compliance The U.S. Securities and Exchange Commission (SEC) via its Division of Corporate Finance, published a statement on “Offerings and Registrations of SecuritiesSource link