{"id":630389,"date":"2023-04-17T19:49:19","date_gmt":"2023-04-18T00:49:19","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/17\/today-in-crypto-bhutan-cultivated-a-secret-crypto-portfolio-amber-group-may-sell-its-japan-unit-bank-of-israel-mulling-a-digital-shekel\/"},"modified":"2023-04-17T19:49:19","modified_gmt":"2023-04-18T00:49:19","slug":"today-in-crypto-bhutan-cultivated-a-secret-crypto-portfolio-amber-group-may-sell-its-japan-unit-bank-of-israel-mulling-a-digital-shekel","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/17\/today-in-crypto-bhutan-cultivated-a-secret-crypto-portfolio-amber-group-may-sell-its-japan-unit-bank-of-israel-mulling-a-digital-shekel\/","title":{"rendered":"Today in Crypto: Bhutan &#8216;Cultivated a Secret Crypto Portfolio&#8217;, Amber Group May Sell Its Japan Unit, Bank of Israel Mulling a Digital Shekel"},"content":{"rendered":"<div>\n            <main><\/p>\n<div>\n<div>\n<p><a href=\"http:\/\/cryptonews.com\/editors\/sead-fadilpasic\/\"><\/p>\n<p>             <img decoding=\"async\" alt=\"Sead Fadilpa\u0161i\u0107\" loading=\"auto\"  src=\"https:\/\/v2.cimg.co\/authors\/12\/5a65ab71dd90c.jpg\" width=\"900\"><br \/>\n    <\/a><\/p>\n<\/div>\n<div>\n<div>\n<p><time datetime=\"2023-04-17T15:00:00+00:00\"><br \/>\n                                            Apr 17, 2023 8:00 AM EDT<br \/>\n                                        <\/time><br \/>\n                                                                        \u00b7 2 min read<\/p>\n<\/p><\/div>\n<div>\n<figure><img decoding=\"async\" src=\"https:\/\/v2.cimg.co\/news\/110527\/267639\/adobestock-pavlovski-1.jpeg\"  width=\"1693\" alt><figcaption>Source: AdobeStock \/ pavlovski<\/figcaption><\/figure>\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>Investment news<\/h2>\n<ul>\n<li>The Kingdom of Bhutan placed millions of dollars in crypto, Forbes <a href=\"https:\/\/www.forbes.com\/sites\/iainmartin\/2023\/04\/15\/the-tiny-kingdom-of-bhutan-secretly-held-millions-of-dollars-in-cryptocurrency\/?sh=699e42227f1d\" target=\"_blank\" rel=\"noopener\">reported<\/a>, saying that its investment arm, <strong>Druk Holding &#038; Investments<\/strong>, has &#8220;cultivated a secret crypto portfolio&#8221; since at least 2022. According to court documents, it added, &#8220;Bhutan\u2019s $2.9 billion sovereign investment arm was a customer of bankrupt crypto lenders <a href=\"https:\/\/cryptonews.com\/tags\/blockfi\/\"><strong>BlockFi<\/strong><\/a> and <a href=\"https:\/\/cryptonews.com\/tags\/celsius-network\/\"><strong>Celsius<\/strong><\/a>, which it has never publicly disclosed.&#8221;<\/li>\n<li>Crypto lender <strong>Amber Group<\/strong> is thinking about options for its <a href=\"https:\/\/cryptonews.com\/tags\/japan\/\">Japan<\/a> unit, including a potential sale, as part of a plan to focus more on institutional than retail clients, Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-14\/crypto-s-amber-mulls-japan-unit-sale-will-seek-hong-kong-permit\" target=\"_blank\" rel=\"noopener\">reported<\/a>, citing managing partner Annabelle Huang. Japan is a \u201chigh quality market,\u201d Huang said, but \u201cregulations are strict.\u201d The company plans to apply for a <a href=\"https:\/\/cryptonews.com\/tags\/hong-kong\/\">Hong Kong<\/a> license following the city\u2019s pivot toward creating a digital-asset hub.<\/li>\n<\/ul>\n<h2>CBDC news<\/h2>\n<ul>\n<li><strong>The Bank of Israel<\/strong> is preparing an action plan for the potential issuance of its central bank digital currency (<a href=\"https:\/\/cryptonews.com\/tags\/cbdc\/\">CBDC<\/a>), a digital shekel, The Jerusalem Post <a href=\"https:\/\/www.jpost.com\/business-and-innovation\/banking-and-finance\/article-739443\" target=\"_blank\" rel=\"noopener\">reported<\/a>, citing &#8220;a recent document&#8221;. The bank discussed the conditions that would enable or support a decision to issue a BOI CBDC at some point, indicating a number of variables that may have an effect on the committee\u2019s recommendation, the report said.\u00a0<\/li>\n<\/ul>\n<h2>Regulation news<\/h2>\n<ul>\n<li>Members of the <strong>US House of Representatives<\/strong> are circulating a new draft bill meant to provide a regulatory framework for <a href=\"https:\/\/cryptonews.com\/tags\/stablecoin\/\">stablecoins<\/a> in the country. The <strong>House Financial Services Committee<\/strong> <a href=\"https:\/\/docs.house.gov\/meetings\/BA\/BA21\/20230419\/115753\/BILLS-118pih-Toproviderequirementsforpaymentstablecoinissuersresearchonadigitaldollarandforotherpurposes.pdf\" target=\"_blank\" rel=\"noopener\">released<\/a> a new discussion draft bill on Saturday, likely ahead of a <a href=\"https:\/\/financialservices.house.gov\/calendar\/eventsingle.aspx?EventID=408691\" target=\"_blank\" rel=\"noopener\">hearing<\/a> on the matter, scheduled for Wednesday, by the committee&#8217;s new panel focused on digital assets and financial technology.<\/li>\n<\/ul>\n<h2>Legal news<\/h2>\n<ul>\n<li>The <a href=\"https:\/\/cryptonews.com\/tags\/usa\/\">US<\/a>-based cryptocurrency exchange <a href=\"https:\/\/cryptonews.com\/tags\/bittrex\/\"><strong>Bittrex<\/strong><\/a> is reportedly facing potential action from the <strong>US Securities and Exchange Commission<\/strong> (<a href=\"https:\/\/cryptonews.com\/tags\/sec\/\">SEC<\/a>) despite preparing to shut down local operations. The SEC\u2019s enforcement staff told Bittrex in March it would recommend that the agency sue the company over alleged violations of investor-protection laws, The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/amp\/articles\/sec-targets-bittrex-fallen-giant-of-u-s-crypto-exchanges-4bd615b6\" target=\"_blank\" rel=\"noopener\">reported<\/a>, citing David Maria, the company\u2019s general counsel.<\/li>\n<\/ul>\n<h2>Security news<\/h2>\n<ul>\n<li><a href=\"https:\/\/cryptonews.com\/tags\/bnb-chain\/\"><strong>BNB Chain<\/strong><\/a>, the blockchain developed by crypto exchange <a href=\"https:\/\/cryptonews.com\/tags\/binance\/\"><strong>Binance<\/strong><\/a>, <a href=\"https:\/\/dappbay.bnbchain.org\/risk-scanner\" target=\"_blank\" rel=\"noopener\">updated<\/a> its red alarm <a href=\"https:\/\/dappbay.bnbchain.org\/\" target=\"_blank\" rel=\"noopener\">list<\/a> to include 191 high-risk projects and decentralized applications (<a href=\"https:\/\/cryptonews.com\/tags\/dapp\/\">dapps<\/a>) currently hosted on the blockchain. These are included for various reasons: they are suspected of issuing fake tokens, having high or opaque tax fees, their websites or Twitter handles do not work, etc. BNB Chain\u2019s red alarm list is updated every Friday.<\/li>\n<\/ul>\n<h2>DeFi news<\/h2>\n<ul>\n<li>A &#8220;temperature check&#8221; proposal to deploy the popular decentralized exchange (<a href=\"https:\/\/cryptonews.com\/tags\/dex\/\">DEX<\/a>) <a href=\"https:\/\/cryptonews.com\/tags\/aave\/\"><strong>Aave<\/strong><\/a> on the <strong>zkSync Era Mainnet<\/strong> has passed. 99.78% of Aave token holders <a href=\"https:\/\/snapshot.org\/#\/aave.eth\/proposal\/0x46cf72da892eb216edc1b7fe2f24f7491d8c37344b2b1f67632fa6950be034f7\" target=\"_blank\" rel=\"noopener\">voted<\/a> in favor of launching the third version of the lending and borrowing protocol on the zero-knowledge <strong>Ethereum Virtual Machine<\/strong> (zkEVM) as the voting closed on Sunday. The next steps will be further discussion, risk parameter evaluation, and proposal finalization.<\/li>\n<\/ul>\n<h2>Fashion news<\/h2>\n<ul>\n<li>Luxury watchmakers are using <a href=\"https:\/\/cryptonews.com\/coins\/bitcoin\/\">Bitcoin (BTC)<\/a> to attract Generation Z, The South China Morning Post <a href=\"https:\/\/www.scmp.com\/magazines\/style\/luxury\/article\/3217078\/luxury-watchmakers-are-adapting-attract-tech-savvy-gen-zs-and-millennials-virtual-try-cartier\" target=\"_blank\" rel=\"noopener\">reported<\/a>. Millennials and Generation Z are taking an early interest in luxury goods, according to a study by management consultants <strong>Bain &#038; Company<\/strong> and the Italian luxury brands association <strong>Altagamma Foundation<\/strong>. Famous watch manufacturer <strong>H. Moser<\/strong> chief executive Edouard Meylan said that a \u201cyounger, more digitalised\u201d clientele was emerging in Asia. The brand carried out sales in Bitcoin, including a $380,000 watch that, at the time, sold for BTC 10.<\/li>\n<\/ul><\/div>\n<hr><\/div>\n<\/p><\/div>\n<p>            <\/main><\/p>\n<div>\n<h3>Recommended<\/h3>\n<div>\n<h3>Latest news<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com\/news\/today-in-crypto-bhutan-cultivated-a-secret-crypto-portfolio-amber-group-may-sell-its-japan-unit-bank-of-israel-mulling-a-digital-shekel.htm\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Margarete Klemp<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apr 17, 2023 8:00 AM EDT \u00b7 2 min read Source: AdobeStock \/ pavlovskiGet your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.__________Investment newsThe Kingdom of Bhutan placed millions of dollars in crypto, Forbes reported, saying that its investment arm, Druk Holding &amp;<\/p>\n","protected":false},"author":1,"featured_media":630390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,695],"tags":[],"class_list":{"0":"post-630389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-today"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/630389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=630389"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/630389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/630390"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=630389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=630389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=630389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}