{"id":4608,"date":"2023-05-05T11:21:47","date_gmt":"2023-05-05T15:21:47","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/voyager-might-start-fund-distribution-in-few-weeks-jack-dorseys-cash-app-posts-2-16b-in-btc-revenue-for-q1-uk-continues-crypto-atm-crackdown\/"},"modified":"2023-05-05T11:21:48","modified_gmt":"2023-05-05T15:21:48","slug":"voyager-might-start-fund-distribution-in-few-weeks-jack-dorseys-cash-app-posts-2-16b-in-btc-revenue-for-q1-uk-continues-crypto-atm-crackdown","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4608","title":{"rendered":"Voyager Might Start Fund Distribution in \u2018Few Weeks\u2019, Jack Dorsey\u2019s Cash App Posts $2.16B in BTC Revenue for Q1, UK Continues Crypto ATM Crackdown"},"content":{"rendered":"<div>\n<p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.<\/i><br \/>__________<\/p>\n<h2 style=\"text-align:justify;\">Legal news<\/h2>\n<ul>\n<li style=\"text-align:justify;\">Bankrupt lender <strong>Voyager Digital<\/strong> could start distributing funds to creditors in the following week, <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/VoyagerUCC\/status\/1654203061277949952\" target=\"_blank\">according<\/a> to the Official Committee of Unsecured Creditors in the lender\u2019s bankruptcy case. In their words, \u201cVoyager is also finalizing everything internally that is necessary to make distributions to creditors.\u00a0 We are hopeful that initial distributions will begin within the next few weeks.\u201d<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\">Investment news<\/h2>\n<ul>\n<li style=\"text-align:justify;\"><strong>Block<\/strong> (formerly <strong>Square<\/strong>) reported surging sales of Bitcoin (BTC) on its <strong>Cash App<\/strong> platform in the first quarter of the year. It sold $2.16 billion worth of BTC in the quarter, a 25% year-over-year increase, and an increase from $1.8 billion sold in the Q4 of last year. Gross profits from BTC sales were $50 million, according to the Q1 shareholder letter.<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\">Regulation news<\/h2>\n<ul>\n<li style=\"text-align:justify;\">UK&#8217;s financial regulator, the <strong>Financial Conduct Authority<\/strong> (FCA), announced that it inspected sites in Exeter, Nottingham, and Sheffield suspected of hosting illegally operated crypto ATMs, as part of a continued crackdown on the sector. Ramona Senior, Head of Economic Crime at the Yorkshire and Humber Regional Organised Crime Unit, claimed that \u201cmachines such as these are a key component in the facilitation of money laundering and the movement of funds acquired through criminal activity.\u201d<\/li>\n<li style=\"text-align:justify;\">The US <strong>White House<\/strong> released the \u201cnational standards strategy for critical and emerging technologies\u201d, identifying eight technology sectors that it found would have a significant economic impact in the near future \u2013 including \u201cDigital Identity Infrastructure and Distributed Ledger Technologies, which increasingly affect a range of key economic sectors,\u201d it said. Others are artificial intelligence (AI), communication and network technologies, semiconductors and microelectronics, biotechnologies, quantum information technologies, clean energy generation and storage, and positioning, navigation, and timing services.<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\">Tax news<\/h2>\n<ul>\n<li style=\"text-align:justify;\">Kenya may impose a 3% tax on the transfer of digital assets, according to proposals for the 2023 finance bill. The proposal covers cryptoassets and non-fungible token (NFT) transfers by exchanges and individuals.<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\">Banking news<\/h2>\n<ul>\n<li style=\"text-align:justify;\">The <strong>Reserve Bank of <\/strong><strong>Zimbabwe<\/strong> (RBZ) invited individuals, financial institutions, corporates, and other entities in the country to subscribe to its upcoming gold-backed digital token. According to a notice, applications for the RBZ gold-backed digital tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions and other entities. \u201cHolders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system, the physical gold coins into gold-backed digital tokens,\u201d the bank said.<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\">DeFi news<\/h2>\n<ul>\n<li style=\"text-align:justify;\">Crypto startup <strong>Alchemy<\/strong> announced that it was opening up to the public its support for <strong>Starknet<\/strong>, a permissionless decentralized ZK-Rollup operating as a Layer 2 (L2) network on Ethereum. Web3 developers building on Alchemy now have general access to the L2, bridging the network&#8217;s zero-knowledge (ZK) rollup tech with native account abstraction, thanks to which UI\/UX will improve at the wallet level, it said.<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\">Adoption news<\/h2>\n<ul>\n<li style=\"text-align:justify;\">Digital asset use and adoption are gradually increasing throughout Europe, found <strong>ResearchAndMarkets.com<\/strong> in its &#8220;Europe Blockchain and Cryptocurrency Market 2023&#8221; report. In H1 2022, it said, more than half of surveyed crypto owners indicated plans to increase their current crypto holdings over the next 12 months, with the population within the age range 18-39 years estimated to be more interested in doing so as compared to older generations. Bitcoin and Ethereum were among the most favored cryptocurrencies.<\/li>\n<\/ul><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/today-crypto-voyager-might-start-fund-distribution-few-weeks-jack-dorseys-cash-app-posts-216b-btc-revenue-for-q1-uk-continues-crypto-atm-crackdown.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.__________ Legal news Bankrupt lender Voyager Digital could start distributing funds to creditors in the following week, according to the Official Committee of Unsecured Creditors in the lender\u2019s bankruptcy case. In their words, \u201cVoyager [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-4608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Voyager Might Start Fund Distribution in \u2018Few Weeks\u2019, Jack Dorsey\u2019s Cash App Posts $2.16B in BTC Revenue for Q1, UK Continues Crypto ATM Crackdown | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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