Bonjour! Welcome to Coinsauce’s Daily Roundup, your spam-free source for all-updates-crypto 📖 From the latest technology to the hottest trends, we've got the insights and knowledge to help you navigate the ever-evolving world of blockchain. So sit back, relax and get up to speed on what's transpired in the past 24 hours 🕛️ 

The latest buzz from today 👇️ 

1. No Bitcoin action for Tesla in Q1 2023: Will the HODLing continue ⁉️ 

2. Bon Voyage! - Voyager’s $1B deal with Binance.US set to sail after deal with the Federal Government 😅

3. The future of crypto in Europe: MiCA brings much-needed clarity and legal certainty 😅 

Tesla is keeping it chill with its Bitcoin holdings 🧊 

Tesla's Bitcoin game is as consistent as a flat battery 🔋 According to the companies filing, Tesla did not buy or sell any of its 9,700 $BTC in Q1 2023. As of mid-April, the company had an unrealized loss of around $56.6 million on its $BTC holdings. (Can't win 'em all, right?) This marks three consecutive quarters since Tesla’s Bitcoin stash is lying untouched ❗️

Initially, Tesla purchased $1.5 billion worth of Bitcoin in February 2021 at an average price of $36,000. Then, in Q2 2022, the company infamously dumped nearly $936 million of its total $BTC in Q2 2022 (75% of its holdings) to secure $64 million in gains.

Despite securing $165 million in profits from 2 different bitcoin sales, the company lost out on potentially $500 million in gains, 🤦‍♂️ if they had sold them near current prices.

Lesson learned, Elon. HODL on for dear life! 💎

Voyager clears regulatory hurdle for $1B deal with Binance.US 🙏 

Billion-dollar deals don't come without some drama 🤑

A court filing has revealed that the bulk of Binance.US's $1 billion purchase of bankrupt crypto lender Voyager could go ahead, even before a legal appeal is resolved. Phew, what a relief for investors 🙏 

The proposal to buy Voyager's assets was approved in March, but there have been concerns about the fine print of the deal potentially violating tax or securities law 👀 

The U.S. government has now given the green light 🟢 for the non-contentious parts of the sale to proceed. At the same time, contentious "exculpation provisions" will remain on hold until the appeal is settled. This means that most of the deal can proceed despite concerns that the contract's fine print would pardon breaches of tax or securities law!

With the green light from the U.S. government, it's full steam ahead for the billion-dollar deal - let's just hope they don't hit an iceberg! 🌊

MiCA brings clarity to crypto 💥 

No more jumping through regulatory hoops! The European Parliament 🇪🇺 has voted to pass the Markets in Crypto-Assets (MiCA) regulation to oversee the crypto industry in its member countries 🙏 

Prior to MiCA, crypto companies had to comply with 27 different regulatory frameworks across the EU member states. However, now, a MiCA license will allow companies to operate across the entire EU market under a standard set of regulations. (It seems like a relief!)

Some of the forward-looking regulations proposed include 👇️ 

1. Transparent classification of digital assets.

2. Disclosure of relevant information in the whitepaper (Including environmental impact).

3. Mandatory review and approval of business models for stability.

4. Mandatory registration of Service Providers as legal entities in the EU.

5. KYC disclosure requirements (Transfer Rule: A separate law is passed for this), etc

   This Twitter thread provides a concise yet informational read on the objectives, proposed regulations and potential implications of MiCA, so don’t forget to have a look!

   1st major jurisdiction in the world to introduce a comprehensive crypto law.

   European Union🇪🇺 on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA.

   It is a very big development!

   What it means for crypto?

   Thread🧵

   — Kashif Raza (@simplykashif)
   12:38 PM • Apr 20, 2023

   Unlike regulation by enforcement as commonly seen in the USA 🇺🇸, MiCA intends to introduce proactive regulations to make the EU a safe space for the industry as a whole and foster innovation!

   Gary 👴 , we hope you’re taking notes 📝 

Meme of the day

When you HODL Bitcoin for years only to see a newbie make millions from frog coins 8000% pump in 2 days 😭

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Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisions./