Among the outstanding news this week is the information related to the regulations that the Financial Action Task Force plans to apply in the ecosystem. The regulation, in full discussion during this month, seeks to regulate bitcoin, the rest of the cryptocurrencies, DeFi platforms, P2P markets, stablecoins and digital asset service providers.

Meanwhile, the price of Bitcoin has continued to rise during the week, oscillating between 55,000 and more than $ 60,000. On average, the pioneer cryptocurrency appreciated by 2.7% in seven days . At the time of writing this article, BTC is trading at USD 59,849, as reflected in the market price of Latin America and Spain, according to the CriptoNoticias price calculator.

With CryptoNews, those interested can keep up to date on the changes in the market prices of bitcoin and ether in relation to their local currency. To do this, you can visit the BTC and ETH Prices section, which has a calculator to make conversions quickly and easily to your national currency.

These are the most outstanding news:

• The group Financial Action International (FATF) would formalize its new guidelines on digital assets and decentralized finance (DeFi) mid-year. The information was released by Dave Jevans, CEO of blockchain intelligence firm CipherTrace, who noted that the FATF will hold several meetings in April and then announce the guidelines on June 15 , approximately.

• The United States Securities and Exchange Commission (SEC) must disclose internal documents about of its position on bitcoin, Ethereum and other cryptocurrencies , in a legal setback in favor of Ripple Labs Inc. The information came from a hearing that took place on April 6. Apparently, Justice Netburn was not satisfied with the arguments of the attorneys representing the SEC. Given this, Ripple stated that they needed to know what the SEC thinks about bitcoin and ether, and why these cryptocurrencies would not be securities and XRP would be.

• After Favorable ruling for Ripple, trader Peter Brandt believes that there may be a “crowd madness” that leads the masses to acquire XRP. Think that the price could exceed the all-time high of USD 3.84 achieved in 2018. The CEO of the company, Brad Garlinghouse, declared last April 1 that the company maintains positive expectations regarding the course of the legal process.

• In the United States, Anders Brownworth, architect of payment systems at the Federal Reserve Bank of Boston revealed that the prototype of central bank digital currency (CBDC) or digital dollar in which the agency works, will have its similarities with bitcoin. Although it will also keep its distances , because it will seek to solve some problems such as financial exclusion and improve the scalability offered by the current system.

• A new bitcoin mutual fund (BTC) was launched in Canada with a special focus on investors retail or retailers. The CI Bitcoin Fund is already available in the market for traders, who can participate with contributions from 500 US or Canadian dollars. In its prospectus, the company explained that the fund indirectly invests in bitcoin through the CI Galaxy Bitcoin ETF listed on the Toronto Stock Exchange.

• A judicial appeal known as Habeas Data was presented on April 5 before a national court against the Central Bank of the Argentine Republic ( BCRA). The action tries to stop the collection of data from the entity on operations related to bitcoin and other cryptocurrencies . The lawsuit seeks to pressure the bank to eliminate the information collected or, failing that, that the data is not linked to specific users. Meanwhile, in Spain, the Tax Agency will notify 14,600 taxpayers for their operations with bitcoin and other cryptocurrencies. The notices are part of the 2020 Income Campaign that began on Wednesday, April 7 and will run until June 30 of this year.

• The developer and co-founder of the Ethereum network, Vitalik Buterin, proposed to limit the number of active validator nodes in version 2.0 of the network. The programmer indicated that currently more than 100,000 validators have been registered in the Beacon Chain, the first step for Ethereum 2.0, but that the figure could theoretically reach about four million nodes. A number that, in your opinion, could be harmful.

If you want to know the meaning of several words in the crypto world terminology, you can consult them in the extensive CryptoNews Glossary.

AMA (Ask Me Anything): stands for “Ask Me Anything”. AMAs are events held on social networks by a public figure of the ecosystem, who is available on that platform (usually Reddit) for a certain period of time to answer everything the community wants to ask him.

Cryptotutorial of the week:

There are tools that help calculate the profitability of bitcoin and ether mining, such as Whattomine. In this tutorial you will learn how to use this tool not only to know how much you will earn according to your mining team , but it will also allow you to know details such as which is the best algorithm for to mine cryptocurrencies according to your hashrate, how much is the cost of electricity consumption that your equipment has approximately and how this affects the final profitability, along with much more data.

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