US Representatives Introduce Act Looking To Mitigate El Salvador “Risks” – April 5

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $45,734

Bitcoin price has started Tuesday almost exactly at the same place it kicked off Monday, once again unable to break past the $47,000 level.

Top-20 altcoins have had mixed performance over the last 24 hours, as Ethereum gains 1%, Cardano falls 2% and Terra sees a 5% gain.

Top Stories for April 5, 2022 πŸ”₯

πŸ‘‰ US Representatives Introduce Act Looking To Mitigate El Salvador “Risks”

The US House of Representatives is considering legislation concerning El Salvador’s adoption of Bitcoin, looking to “mitigate risks” to the US financial system.

The Accountability for Cryptocurrency in El Salvador (ACES) Act was introduced by representatives Norma J. Torres and Rick Crawford yesterday. It calls for an analysis of El Salvador’s adoption of Bitcoin and a risk-mitigation plan.

El Salvador president Nayib Bukele commented that he was surprised that the US was “afraid” of his country’s Bitcoin adoption.

πŸ‘‰ Ledger Releases New NFT-Friendly Hardware Wallet

Hardware wallet manufacturer Ledger has launched the Ledger Nano S Plus, an NFT-friendly version of its previous Nano S model. It is the sixth hardware wallet made by the company since its inception in 2015.

Although users have always been able to store NFTs on the older Ledger Nano X, the new device is designed to improve the security and user-friendliness of transacting with NFT assets.

πŸ‘‰ Kraken To Launch New Staking-Related Products For Institutional Investors

US-based crypto exchange Kraken is looking to launch structured products that use staking and derivatives to achieve particular objectives.

The product utilizes a strategy known as “cash, carry and stake” – where an investor stakes an asset, sells a futures contract on the same asset and collects a return.