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CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
SEC Meets With Blackrock, Fidelity, Franklin Templeton, and Grayscale to Discuss Their Spot Bitcoin ETF Applications
14.12.2023
The U.S. Securities and Exchange Commission (SEC) has held multiple meetings with spot bitcoin exchange-traded fund (ETF) issuers regarding their applications. “The SEC is busier than Santa’s elves,” said a Bloomberg ETF analyst, noting that Blackrock, the world’s...
Zimbabwean University Partners With Web3 Hub to Host Its First-Ever Blockchain Hackathon
13.12.2023
On Dec. 8 and 9, the University of Zimbabwe in partnership with the South Africa-based Mzansi Web3 Hub, held the learning institution’s inaugural blockchain hackathon. Taurayi Rupere, the chairman of the institution’s computer science department, said the hackathon’s goal is to produce...
Insomniac Games Held for Ransom: Hackers Demand Over $2M in Bitcoin
13.12.2023
Source: Insomniac Games / Twitter The infamous Rhysida hacker group has attacked Insomniac Games, allegedly asking for 50 BTC in ransom. Insomniac Games is an American, California-based video game developer and part of PlayStation Studios. The latter is a division of Sony Interactive Entertainment....
National Security Officials Discuss to Combat DPRK’s Crypto Illicit Use in WMD Programs
11.12.2023
Source: Adobe National Security Advisors of the United States, South Korea and Japan convened to discuss a collective response to North Korea’s illicit crypto financing for weapons of mass destruction programs (WMD). The discussions were held during a trilateral meeting at the White House...
Snowden Blasts Elizabeth Warren as ‘Pro-Banker,’ Claims She ‘Rolls Over’ for JPMorgan Boss in Crypto Clash
10.12.2023
This week, the crypto community actively discussed Massachusetts Senator Elizabeth Warren’s remarks labeling crypto as a potential threat. Additionally, JPMorgan boss Jamie Dimon voiced a similar sentiment, asserting he would close crypto down if he held governmental power. In response...
Bitcoin Price Prediction as Minor Correction Occurs – Is a Rebound Imminent?
8.12.2023
Bitcoin (BTC), the dominant force in the cryptocurrency market, has impressively held its ground, with its price oscillating around the $43,500 level. This resilience is primarily fueled by a buoyant sentiment pervading the crypto market, drawing on a mix of anticipation and optimism. #Bitcoin ...
Institutional Traders’ BTC Holding Percentage Increased ‘Almost Twofold’ Between January and September — Study
8.12.2023
The bitcoin held by institutional traders (INS) in their respective crypto portfolios saw an “almost twofold” increase in the initial three quarters of 2023. Institutional traders’ BTC allocation shifted from under 40% in January to nearly 50% by the end of September. The Spot...
Florida Governor Ron DeSantis Says CBDC is a Direct Threat to Personal Freedom
7.12.2023
Image Source: AP Photo At a recent debate held at the University of Alabama, Republican candidates gathered to discuss various topics, including cryptocurrency regulation and Central Bank Digital Currency (CBDC). During the event, Florida Governor Ron DeSantis criticized the idea of a central bank...
Parliament of India Holds Discussion on Future of Web3
7.12.2023
Source: Pixabay The lower house of the Indian Parliament, Lok Sabha, held a discussion on the importance of web3 and blockchain sector in India on December 6. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, emphasized the importance of Web3 and Blockchain...
Blackrock and Bitwise Update Their Spot Bitcoin ETF Filings Amid SEC Approval Hype
6.12.2023
Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications....
Trump, Kennedy Jr, and Ramaswamy Invited to First Crypto Presidential Forum
5.12.2023
Donald Trump, Robert F. Kennedy Jr., and Vivek Ramaswamy have been invited to be part of the First Crypto Presidential Forum, an initiative designed to clarify the cryptocurrency policies of each U.S. presidential candidate. The event, organized by Stand with Crypto, will be held in New Hampshire...
China, Japan, and South Korea Explore Collaboration in Big Data, Blockchain, and AI
4.12.2023
Source: iStock/PeopleImages China, Japan, and South Korea are forging ahead with plans to enhance collaboration in advanced technology sectors such as big data, blockchain, and artificial intelligence (AI). During the 10th China-Japan-ROK Foreign Ministers’ Meeting held in Busan, South...
SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs
1.12.2023
Source: SEC The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-traded funds (ETFs). SEC Meets with Grayscale to Discuss its Bitcoin ETF Filing A memorandum published by the...
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
30.11.2023
The bill is awaiting presidential approval
Brazilians may soon need to stump up taxes on crypto held abroad
30.11.2023
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income
BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns
29.11.2023
BlackRock Office BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States. Based on publicly released notes from the meeting, the asset manager has modified...
Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines
28.11.2023
Source: alexlmx/Adobe Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets. The tax agency released form 721, a tax reporting form for users that hold...
Dogecoin Now Held at 5M Crypto Addresses, Though Concentration Remains a Concern
28.11.2023
DOGE's market value has risen 14% to almost $11 billion this month