Blockchain & cryptocurrency market summary news – April 16
Trust Wallet warns Apple iOS users about new vulnerability
Vulnerabilities in the iOS version of this app could threaten users' personal information and assets. Therefore, iOS users are recommended to stop using Trust Wallet on their devices until the error is resolved.
To ensure safety, iOS users should update the app to the latest version as soon as it is available. Besides, provide instructions and links to help users update and protect personal information. Monitoring the situation and providing updates on this incident will help users make informed decisions and protect their assets.
Analysts "quenched" the wave of excitement surrounding ETF spot in Hong Kong
Hong Kong has approved a series of applications to open Bitcoin and Ethereum spot ETFs from issuers China Asset Management, Harvest Global, Bosera and HashKey. However, experts say that the ETF market in Hong Kong is still small and does not attract many Chinese people due to policy limitations.
Eric Balchunas, an expert from Bloomberg news agency, predicts that these ETFs may only attract about $500 million in assets. Compared to the ETF market in the US, Hong Kong is still young and transaction fees are not as cheap as in the US. However, the approval of these ETFs still brings positive signals for Bitcoin and opens up more investment opportunities.
Norway enacted new laws to tighten Mining activities
The Norwegian government has issued a new law to tighten Mining operations in the country. Under this new law, all Mining data centers within Norway will have to register with local regulators. Registration information includes the type of digital service and information about the owners and managers of these centers.
The Norwegian Energy Minister and the Digital Minister Chia the view that they do not want to have cryptocurrency mining activities in the country due to the negative impact on the environment and not in accordance with the country's wishes. Norway became the first European country to establish a legal framework for the Mining sector.
