Crypto Prices Today 22 April: BTC $66K, Altcoins Wild Ride

TOP 5 Gainers Coins

Crypto News Key Highlights:

• Binance executive Nadeem Anjarwalla, who fled Nigeria, has been apprehended by Kenyan authorities and faces extradition for alleged financial crimes totaling $35.4 million, including tax evasion and money laundering. His arrest, along with his associate Tigran Gambaryan, highlights international collaboration in combating financial fraud.
• Bitcoin and Ethereum experienced significant outflows totaling $226 million last week, with Bitcoin accounting for $192 million and Ethereum $34 million. This marks Ethereum's sixth consecutive week of outflows. However, altcoins such as Litecoin and Chainlink attracted inflows, contrasting with the persistent negative sentiment in blockchain equities and the US ETF market.
• Thailand's SEC has announced measures to combat online crime and money laundering through unauthorized digital asset service providers. They aim to block unauthorized access to these platforms in collaboration with relevant agencies, following precedents set by India and the Philippines. The crackdown emphasizes compliance and user protection while promoting a safe digital asset environment.
• Presidential hopeful Robert F. Kennedy Jr. has pledged to place the entire US budget on blockchain for transparency. His initiative has garnered support from the crypto community, including Cardano's Charles Hoskinson, who sees Kennedy as a refreshing alternative to traditional politics.
• The Thai SEC plans to block unlicensed crypto exchanges to combat money laundering, following the lead of India and the Philippines. Investors are urged to withdraw funds before the ban. Binance and other popular exchanges currently operate illegally in Thailand.
• The EU's MiCA may impose regulations on DeFi, potentially impacting accessibility, according to MakerDAO's Christensen.
• Bitcoin's fourth halving has sparked diverse opinions within the crypto community. Avalanche's Gün Sirer criticizes its abrupt reward reduction, while acknowledging its speculative impact. Tether's Ardoino doubts immediate price effects but anticipates potential in ETFs. Hyun of TON Foundation sees the halving as an opportunity to showcase crypto's self-regulating code to a broader audience.
• Economist Peter Schiff has criticized Bitcoin's transaction fees and processing times post-halving, sparking debate. BitMEX Research countered, suggesting high fees indicate success but could hinder adoption. Schiff proposed gold tokenization on blockchain as a solution, asserting its superiority over Bitcoin.

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