Binance CEO CZ Discloses Executive Abduction, Hive Boosts Mining Capacity, Blackrock Considers Ethereum ETFs: Weekly Recap

Binance CEO CZ Discloses Executive Abduction, Hive Boosts Mining Capacity, Blackrock Considers Ethereum ETFs: Weekly Recap

Binance Client Executives Kidnapped, Forced to Empty Cryptocurrency Wallets — CZ Says Total Loss Was $12.5 Million

Binance CEO Changpeng Zhao (CZ) recently recounted a terrifying incident involving the abduction of executives of a Binance client. These executives were then forced to empty their cryptocurrency wallets. CZ mentioned that the digital currency exchange was able to track the transactions and freeze over 94% of the stolen funds.

Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum (ETH) ETFs

Blackrock, the world’s largest asset manager, has made a case for why the United States Securities and Exchange Commission (SEC) should approve spot Ethereum (ETH) exchange-traded funds (ETFs). This comes amidst a filing with the SEC by Nasdaq, seeking approval to list and trade shares of Blackrock’s spot ether ETF. Approval of a spot Ethereum (ETH) ETF would be critical in protecting United States investors in the cryptocurrency space, according to Nasdaq.

Top 8 Altcoins Recommended for Purchase on Binance by Cryptocurrency Expert

Kevin O’Leary Is warning Spot Bitcoin (BTC) ETF Approval Could Be 18 Months Away

Entrepreneur and Shark Tank investor Kevin O’Leary, likewise known as Mr. Wonderful, has suggested that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could take up to 18 months. He emphasized that the United States Securities and Exchange Commission (SEC) won’t be approve a spot Bitcoin (BTC) ETF until there is a cryptocurrency exchange compliant with the SEC.

Important Bitcoin ETF Trends to Monitor This Week

Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin (BTC) Miners Ahead of 2024 Halving

Hive Digital, a Vancouver-based Bitcoin (BTC) mining company, has recently acquired 4,800 Bitmain S19k Antminer mining rigs. This purchase is aimed at enhancing the company’s strength and strategically positioning it for the upcoming reward halving, according to Hive Digital.

Hot Take

Changpeng Zhao, the CEO of leading cryptocurrency exchange Binance, recently revealed that executives of a Binance client were kidnapped and shaken down for their cryptocurrency holdings. In other news, Vancouver-Based Hive Digital has increased its mining power and Blackrock has weighed in on the topic of ethereum exchange-traded funds (ETFs). This and more will be covered in the latest News Week in Review.

Patrick McHenry, Crypto Advocate, Concludes 20-Year Tenure in Congress
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