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Grayscale Clarifies Investor Tax Implications of a Cash-Created Spot Bitcoin ETF
18.12.2023
Grayscale, one of the biggest cryptocurrency asset management firms, has addressed the issue of taxation regarding the adoption of a cash creation model in an upcoming spot bitcoin exchange-traded fund (ETF). The firm clarified that “no spot Bitcoin ETF that qualifies as a grantor trust would...
Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules
18.12.2023
Revolut has responded to the UK’s FCA crypto regulation changes by halting crypto purchases for Revolut Business users. Image by Armands photography, Adobe Stock. London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users...
Pro-Crypto Super PAC Fairshake Raises $78 Million Ahead of 2024 US Elections
18.12.2023
Source: Pixabay Fairshake has raised $78 million to support “pro-crypto” candidates in the forthcoming 2024 US elections. The political action committee announced in a press release published Monday that it had received donations from prominent crypto companies and individuals, including Coinbase...
Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
18.12.2023
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse ways.” Instead, Back proposed adding a new blob...
Biggest Crypto Gainers Today on Uniswap – METIS, INJ, OX
18.12.2023
Uniswap logo Blue-chip cryptocurrencies continue to pull lower from multi-month/year highs hit earlier in the month amid profit-taking ahead of what is expected to be a somewhat calmer and lower volume run in to the end of the year, as major market participants take time off for the Christmas...
Crypto Experts Identify Potential in an Under-the-Radar AI Coin – How to Buy Early?
18.12.2023
Crypto presale utilizing AI analytics is seeing early traction from investors seeking access to automated trading algorithms. Image by Kerem Goktug Kaya, DALL-E 3. Among seasoned crypto investors, few phenomena inspire a rush of activity like FOMO — the fear of missing out. When new cryptocurrency...
Bitcoin Price Prediction as VanEck’s CEO Says BTC Will Hit All-Time High Within 12 Months – Time to Buy?
18.12.2023
Bitcoin (BTC), the world’s most valuable cryptocurrency, experienced a downturn over the weekend, falling to the $41,000 range. This decline is part of a broader trend that saw the global crypto market cap drop by over 8% in 24 hours, standing at $1.46 trillion. The market’s...
Digital Asset Executives Raise $78 Million to Support Pro-Crypto and Responsible Regulations in 2024
18.12.2023
Source: AdobeStock Fairshakes has raised $78 million to fund pro-crypto legislators and support leaders who support blockchain innovation in the United States. A Dec 18 press release states the firm’s commitment to drive developments and positive policies around the industry after...
UK Publishes Regulations for a Digital Securities Sandbox
18.12.2023
The sandbox will let regulators and companies test solutions, including distributed ledger technology, to tokenize securities
100x Meme Coin Sponge Launches V2 – Is $SPONGEV2 The Best Crypto to Buy Now?
18.12.2023
Investors are scrambling to take a position in the freshest meme coin on the market – Sponge V2 ($SPONGEV2), the next incarnation of the legendary Sponge ($SPONGE) meme coin. Let’s take a trip down memory lane – Sponge V1 made its debut during the bear market of May 2023, launching as...
Arbitrum Transactions Reach New All-Time High During Inscriptions Frenzy
18.12.2023
Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions. According to data from crypto market analysis platform IntoTheBlock, the network tapped 5.4 million...
Cracking the Code: LMEOW Token’s SEO Dominance with AI-Infused Marketing
18.12.2023
In the vast and competitive landscape of cryptocurrency, the visibility and reach of a token are pivotal. Welcome to the forefront of innovation – LMEOW Token, not just a meme coin sensation but a trailblazer in the realm of SEO dominance through AI-infused marketing strategies. LMEOW...
Galaxy Digital Looking to Buy More Crypto Bankruptcy Assets After Deal to Sell FTX's Coins: FT
18.12.2023
Mike Novogratz's firm is also interested in companies FTX invested in as a venture capital provider
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...
Market Week in Review: Crypto’s Highs and Lows With ICP and SNX Leading the Charge and Retreat
18.12.2023
Over the past week, bitcoin and ethereum experienced modest declines, ranging from 1.8% to 3.6%, when compared to the U.S. dollar. Concurrently, several crypto assets showcased impressive double-digit growth, with ICP, HNT, BONK, and WOO leading the surge throughout these seven days. 16 Crypto...
2024: The Year of Regulatory Compromises
18.12.2023
After a year of conflict between crypto companies and agencies like the SEC and CFTC, we can expect to see greater dialogue and progress on regulation in 2024, says Michael Selig, of Willkie Farr & Gallagher
Revolut to Suspend UK Crypto Services Citing FCA's New Ad Rules: CityAM
18.12.2023
Many crypto firms have had to withdraw their services to adjust to the FCA's promotions rules, which came into effect in October
Bitcoin Miner Hut 8 to Build Out Mining Facility in Partnership with Celsius
18.12.2023
Source: Pixabay Digital asset mining firm Hut 8 signed an interim agreement to build out and install crypto-mining facilities in collaboration with Celsius Network. In a Dec 18 press release, the Bitcoin miner signed the agreement linked to Celsius bankruptcy proceedings which will see the firm...
Under the Hood, 2023 Was a Highly Constructive Year for Crypto
18.12.2023
From bringing bad actors to book to scaling Ethereum, this year prepared the ground for bigger things to come, says E&Y’s Paul Brody
The Year of Institutional Investment in Real World Assets
18.12.2023