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Revealed: Key Recommendations from US GAO to SEC on Spot Bitcoin ETF
17.1.2024
Source: AdobeStock The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape. While the market sentiment has been predominantly positive, a recent revelation shows that the US Government Accountability Office (GAO) had a...
“My Personal Advice is Don’t Get Involved” in Bitcoin, JPMorgan CEO Says
17.1.2024
JPMorgan CEO Jamie Dimon had some choice words about investing in Bitcoin during his latest media appearance this morning. Dimon’s take on Bitcoin During a Wednesday morning segment on CNBC, Dimon told the hosts of “Squawk Box” that his “personal advice is don’t...
Coinbase Holds First Court Faceoff With SEC: Here’s What You Need To Know
17.1.2024
The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid their industry-defining lawsuit. Back in June, the market regulator sued Coinbase for listing a handful of “crypto-asset securities”...
VanEck Plans To Close and Liquidate its Bitcoin Futures ETF “XBTF”
17.1.2024
Asset management firm VanEck will close and liquidate its Bitcoin futures ETF “XBTF,” less than two years after its initial launch. In an announcement posted on January 17th, VanEck announced that its board of trustees had approved the liquidation. The company will now liquidate...
Crypto Exchange Gemini Receives Approval for Launch in France
17.1.2024
Crypto exchange Gemini has received approval to operate as a virtual asset services provider in France. CNBC reported on Wednesday that the exchange, founded and owned by twins Tyler and Cameron Winklevoss, had been awarded crypto registration by the French watchdog Autorite des marches financiers....
12% of El Salvador’s Population Used Bitcoin for Goods and Services in 2023: Survey
17.1.2024
According to the annual survey conducted by José Simeón Cañas Central American University in El Salvador, 12% of the local population used Bitcoin (BTC) at least once to pay for goods and services in 2023. The survey, conducted in December 2023 with 1,280 respondents interviewed...
Value of Crypto Projects in Switzerland and Liechtenstein Surges 107% YoY to $382.93 Billion: Report
17.1.2024
Switzerland and Liechtenstein’s crypto projects value surged by 107% year-over-year to $382.93 billion, led by Ethereum, amidst broader market recovery and innovation. According to a report by Swiss venture capital firm Crypto Valley (CV VC), the value of cryptocurrency projects based...
IRS Halts Enforcement of $10K Crypto Tax Reporting Rule Pending Further Regulation
17.1.2024
Source: Adobe / dennizn The US Treasury Department and Internal Revenue Service (IRS) have announced that businesses are not required to report the receipt of digital assets in the same manner as cash until specific regulations are issued. The decision by the two federal agencies comes in response...
Unstoppable and Push Protocol Launch Token-gated Group Chat + More Crypto News
17.1.2024
Source: unstoppabledomains.com Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Unstoppable and Push Protocol Launch Token-gated Group Chat for Unstoppable Messaging Circle and Tether...
BitTorrent Chain considers its accomplishments from 2023
17.1.2024
BitTorrent Chain, a collaborative project between BitTorrent and TRON, has reflected on its achievements in 2023. For starters, BitTorrent has highlighted that they have been able to keep the market cap steady while keeping the total volume locked to a new peak with a growth of 33.61%. The value...
United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money
17.1.2024
United States lawmakers have proposed bills in four states to block possible definitions of a Central Bank Digital Currency (CBDC) as money. The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those...
Russian Central Bank ‘Turning a Blind Eye’ to Crypto-powered Trade – Senator
17.1.2024
Source: ulchik74/Adobe A Russian senator has claimed the nation’s Central Bank is “turning a blind eye” to firms that use crypto as a payment tool in international trade. Russia’s CoinSpot quoted Ivan Abramov, the First Deputy Chairman of the Federation Council Committee...
Tether Holdings “Have The Money They Say They Have” Confirms Cantor CEO
17.1.2024
Howard Lutnick’ – CEO of investment banking giant Cantor Fitzgerald – has a message for Tether Truthers: the stablecoin giant’s assets are 100% backed. During an interview with Bloomberg on Tuesday, the executive reaffirmed his claims that month that Cantor is a custodian...
WalletConnect Launches Subscription-Based Web3Inbox Service Covering 10 dApps
17.1.2024
Source: AdobeStock Web3 blockchain wallet developer WalletConnect has announced the launch of its subscription-based notification service called Web3Inbox. According to a January 16 blog post, the service is designed to offer customers custom notification services without relying on Web2 messaging...
South Korean Bankruptcy Court Judge Calls for More Crypto Regulation
17.1.2024
Source: Valerii Evlakhov/Adobe A South Korean bankruptcy court judge has called on the government to bolster regulation in the crypto industry, claiming investors need more protection. Per Newsis, the claims were made by Judge Lee Seok-jun, of the Seoul Bankruptcy Court. Lee wrote a paper...
ESMA Unveils Plan to Address Crypto Risks Ahead of MiCA Regulation Implementation
16.1.2024
The European Securities and Markets Authority (ESMA) is actively preparing for the implementation of the Markets in Crypto-Assets (MiCA) regulation, marking a significant milestone in bringing comprehensive oversight to the digital asset space. As the ESMA prepares for the enforcement of the MiCA...
EU Banking Watchdog Seeks to ‘Harmonize’ AML Measures With Extension to Crypto Firms
16.1.2024
Source: AdobeStock/Grecaud Paul Europe’s leading banking entity, the European Banking Authority (EBA), has extended its regulatory reach to cover the cryptocurrency space. In a blog post dated January 16, the EU banking watchdog announced the release of new guidelines focusing on money...
Coinbase Faces a Crucial Week: Potential 30% Revenue Drop Looms – Here’s Why
16.1.2024
Crypto exchange Coinbase risks losing one-third of its total revenue due to ongoing legal pressure from federal regulators, according to several analysts familiar with the matter. In comments shared with Finance Feeds, Mizuho Securities analyst Dan Dolev explained that a poor court ruling shortly...
Argentine President Javier Milei Signals Support for Provinces Launching Their Currencies
16.1.2024
Upon assuming office as the president of Argentina in December 2023, libertarian Javier Milei pledged not to oppose the implementation of national currencies by individual provinces. This statement follows a public exchange between Milei and Ricardo Quintela, the governor of La Rioja province....
Manta Pacific Flips Base as Fourth Largest Layer 2 Solution as TVL Surges to $845 Million
16.1.2024
Manta Pacific has moved past Base to become the fourth largest layer 2 scaling solution in the market. The total value locked (TVL) of the network soared past $840 million. Recent data from L2Beat show that Base, an Ethereum layer 2 solution backed by Coinbase, has lost its spot as the fourth...