MELEGA

<p>Welcome to another exciting edition of MelegaSwap’s weekly cryptocurrency news roundup, where we bring you up to speed on the latest happenings in the ever-evolving world of digital currencies. This week (April 9-15, 2023) has been nothing short of historic for cryptocurrencies, with some experts speculating that we are witnessing the dawn of a new bull run.</p><p>Bitcoin (BTC) broke past the $30,900 mark, while ether (ETH) soared above $2,000 just hours after the successful implementation of the Shapella update on the Ethereum network&#39;s Beacon chain. The majority of altcoins also experienced impressive gains, with Solana (SOL), Cardano (ADA), and <a href="https://coinmarketcap.com/currencies/melega/" rel="noopener noreferrer nofollow">Melega (MARCO)</a> surging by 20.46%, 17.84%, and 7%, respectively, on weekly charts.</p><p>Unlike <a href="https://www.binance.com/en-NG/feed/post/398549" rel="noopener noreferrer nofollow">the last two weeks</a>, which were a bit quiet, these past seven days have been packed with exciting events, from the Shanghai-Capella upgrade to rumors of FTX&#39;s reboot and Twitter&#39;s plans to allow crypto trading on its platform. These developments could mark a turning point in the history of cryptocurrencies, and we&#39;re thrilled to be at the forefront of it all, keeping you informed every step of the way. Let’s dive in!</p><h2 id="header-0">TOP STORIES THIS WEEK (APRIL 9-15 2023)</h2><p>● Ethereum Shapella Upgrade went live</p><p>● FTX might consider rebooting after recovering $7.3B in assets</p><p>● Twitter partners with eToro to launch crypto and stock trading</p><p>● Bitrue crypto exchange suffers a $23 million hack</p><p>● American court summons Tron founder Justin Sun</p><h3 id="1-ethereum-shapella-upgrade-went-live-on-beacon-chain">1. Ethereum Shapella Upgrade went live on Beacon Chain</h3><p>On April 12, Ethereum carried out a critical upgrade known as <a href="https://blog.ethereum.org/2023/03/28/shapella-mainnet-announcement" rel="noopener noreferrer nofollow">Shapella</a>. Shapella is derived from Shanghai, the city that will host the Devcon 2 conference, and Capella, the brightest star in the northern constellation of Auriga. Both the execution layer (Shanghai part) and consensus layer (Capella part) are expected to be impacted by this latest upgrade.</p><p>The primary feature of Shapella is the activation of the opportunity to “unstake” Ethers from deposit contracts, which allows stakers to withdraw their ETH that has been locked since 2020.</p><p>This upgrade will further drive the use of Ethereum as a decentralized ecosystem, serving as an exciting development for Ethereum and its ecosystem!</p><h3 id="2-ftx-might-consider-rebooting-after-recovering-7-3b-in-assets">2. FTX might consider rebooting after recovering $7.3B in assets</h3><p>FTX, the bankrupt cryptocurrency exchange, has recently recovered over $7.3 billion in cash and crypto assets. This is an increase of more than $800 million since January.</p><p>The crypto company’s attorney stated at a U.S. bankruptcy <a href="https://www.deb.uscourts.gov/FTXLiveStream" rel="noopener noreferrer nofollow">court hearing</a> that FTX is starting to think about its future after months of effort devoted to collecting resources and figuring out what went wrong under the leadership of indicted ex-founder Sam Bankman-Fried. FTX is reportedly considering relaunching its crypto exchange operations.</p><p>This news triggered a surge in the<a href="https://coinmarketcap.com/currencies/ftx-token/" rel="noopener noreferrer nofollow">FTT token</a>’s price, increasing by over 100%.</p><h3 id="3-twitter-partners-with-etoro-to-launch-crypto-and-stock-trading">3. Twitter partners with eToro to launch crypto and stock trading</h3><p>Social media giant Twitter <a href="https://twitter.com/eToro/status/1646430266401890304?s&#61;20" rel="noopener noreferrer nofollow">has partnered </a>with eToro, a social trading company, to allow users to access real-time prices for cryptocurrencies, stocks, and other assets through Twitter’s Cashtags feature.</p><p>Cashtags were launched in 2012 and allow users to interact with content around an asset by inserting a dollar sign in front of the ticker. Now, users can click through to eToro’s platform to see information about the asset, with the added option to invest.</p><p>Without a doubt, this is an exciting development for Twitter users interested in trading and investing easily and seamlessly.</p><h3 id="4-bitrue-crypto-exchange-suffers-a-23-million-hack">4. Bitrue crypto exchange suffers a $23 million hack</h3><p>This week was without a piece of bad news. Bitrue cryptocurrency exchange suffered a &#34;hot wallet&#34; exploit, resulting in attackers withdrawing various crypto assets worth nearly $23 million.</p><p>Bitrue <a href="https://support.bitrue.com/hc/en-001/articles/17538384324121" rel="noopener noreferrer nofollow">announced </a>on April 14 that it had to temporarily suspend all withdrawals due to the exploit. The firm expects to reopen withdrawals on April 18, 2023, after conducting additional security checks. Meanwhile, the company’s executives have promised to fully compensate all identified users affected by the incident.</p><h3 id="5-american-court-summons-tron-founder-justin-sun">5. American court summons Tron founder Justin Sun</h3><p>Justin Sun, the founder of Tron, has been served with a <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.596044/gov.uscourts.nysd.596044.13.0.pdf" rel="noopener noreferrer nofollow">summons </a>by a U.S. court at his Singapore address as part of a civil lawsuit brought against him by the Securities and Exchange Commission (SEC).</p><p>The case centers around allegations of the unregistered sale and offering of TRX and BTT tokens as crypto asset securities. The U.S. District Court for the Southern District of New York has ordered Sun to respond to the summons within 21 days by contacting the attorney for the SEC, Adam Gottlieb. Failure to respond could result in a judgment by default and penalties related to the alleged securities law violations.</p><h3 id="6-the-sec-plans-to-regulate-decentralized-exchanges-dexs">6. The SEC plans to regulate decentralized exchanges (DEXs)</h3><p>The Securities and Exchange Commission&#39;s (SEC) latest move to expand its regulatory control over the crypto world has sparked concerns among the industry&#39;s participants. The SEC recently <a href="https://www.sec.gov/news/press-release/2023-77" rel="noopener noreferrer nofollow">announced </a>that it plans to revisit an old proposal to ensure that consumer protection laws apply to digital asset trading, including <a href="https://coinmarketcap.com/community/articles/6436b33a3fbe03744a291851" rel="noopener noreferrer nofollow">DeFi exchanges</a>.</p><p>While SEC Chair Gary Gensler claims this supplemental release will address comments from market participants, it remains the fact that the SEC&#39;s intentions may be overly restrictive and could stifle innovation in the fast-evolving crypto space.</p><p>Arguably, regulatory overreach could drive innovators and investors offshore, depriving the US of a leading role in shaping the future of finance.</p><h2 id="header-1">THIS WEEK ON MELEGASWAP</h2><h3 id="1-fart-coin-frtc-listed-on-melegaswap">1. Fart Coin (FRTC) listed on MelegaSwap</h3><p><a href="https://fartcoin.gold/" rel="noopener noreferrer nofollow">Fart Coin (FRTC)</a> is a cryptocurrency designed to determine luck. By holding a coin in their wallet, one of the holders is randomly chosen every day to receive 50 coins from the development team. The selection process is made from a list of all the coin holders.</p><h3 id="2-melegaswap-partners-with-biokript">2. MelegaSwap partners with Biokript</h3><p>The top decentralized crypto trading platform, MelegaSwap has partnered with <a href="https://www.biokript.com/" rel="noopener noreferrer nofollow">Biokript</a>, which is the world&#39;s first hybrid Shariah-compliant crypto trading platform. This blockchain-powered, state-of-the-art hybrid exchange, combines the best features of centralization and decentralization, making it extremely safe and easy to buy and sell crypto assets.</p><p>Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.</p><h2 id="header-2">•••</h2><h2 id="header-3">Trade with the best decentralized AMM cryptocurrency exchange</h2><p><em>Do you want to buy, sell, and invest in cryptocurrencies and still have 100% control over your crypto assets? If yes, then Melega Finance is for you. <strong>MelegaSwap</strong> is a leading automated market maker (AMM) decentralized exchange that provides users with a variety of options to trade and earn free tokens at extraordinarily high-interest rates and low charges.</em></p><p><em>At Melega, nobody manages your funds for you because you manage them directly from your personal wallet, while smart contracts transparently take care of everything else.</em></p><p><strong>Learn More About the Melega Ecosystem</strong></p><p>Website: <a href="https://melegaswap.finance/" rel="noopener noreferrer nofollow">https://melegaswap.finance</a></p><p>Telegram: <a href="https://t.me/melegacommunity" rel="noopener noreferrer nofollow">https://t.me/melegacommunity</a></p><p>Twitter: <a href="https://twitter.com/meleganza" rel="noopener noreferrer nofollow">https://twitter.com/meleganza</a></p><p>Instagram: <a href="https://www.instagram.com/melega.finance/" rel="noopener noreferrer nofollow">https://www.instagram.com/melega.finance/</a></p><p>YouTube:<a href="https://www.youtube.com/channel/UC_kjHoXOkPSSB4HeHNZMq-Q" rel="noopener noreferrer nofollow"> Melega Finance Official</a></p><p>DAPP: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><p>Crypto Services Hub: <a href="https://melega.space/" rel="noopener noreferrer nofollow">https://melega.space/</a></p><p>Find the top latest crypto news, updates, and more related to Bitcoin, NFTs, blockchain, and Web3 with Melega&#39;s Crypto Weekly Roundup</p>

April 9-15, 2023 Top Crypto Headlines: Shapella Launch, FTX Plans to Relaunch, Crypto Trading on Twitter, Bitrue Hacked

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