Bank Collapses = Massive Crypto Bullrun | Todays Crypto News

In today's crypto news, more banks are at risk of collapse due to poor governance and illiquidity. Mastercard has launched a new web3 user verification solution to combat bad actors, while Visa's plan to introduce a new stablecoin has raised concerns about its impact on Bitcoin's price ceiling. The UK Treasury is seeking input on how to tax DeFi staking and lending, and European bankers are exploring the possibility of a digital euro. The Wow Summit Hong Kong 2023 showcased the city's commitment to leading in the Web3 space. Meanwhile, Tencent Cloud's launch of a deepfake creation tool highlights concerns around the misuse of this technology. Stay up-to-date with the latest crypto news and trends on our platform.


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Crypto News articles referenced:

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Articles referenced:
More banks to collapse

https://cointelegraph.com/news/first-republic-s-crisis-is-not-an-isolated-incident-suggests-jpmorgan-exec

Silver gate bank

https://cointelegraph.com/news/fdic-pins-signature-bank-s-failure-on-poor-governance-and-illiquidity

Visa article, Kraken article

https://cointelegraph.com/magazine/visa-stablecoin-plan-debts-ceiling-effect-on-bitcoin-price-hodlers-digest-april-23-29/

MasterCard

https://cointelegraph.com/news/mastercard-launches-web3-user-verification-solution-to-curb-bad-actors

Deepfakes

https://cointelegraph.com/news/tencent-cloud-to-reportedly-offer-deepfake-creation-tool-at-145

HongKong

https://cointelegraph.com/press-releases/wow-summit-hong-kong-2023-we-witnessed-hong-kongs-determination-to-reassert-its-leadership-in-the-web3-space

Uk defi tax

https://cointelegraph.com/news/uk-treasury-seeks-input-on-taxing-defi-staking-and-lending

European cbdc

https://cointelegraph.com/news/european-bankers-on-digital-euro-ecb-has-no-interest-in-users-personal-data/amp

Financial Disclaimer:
I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of recording.

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