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 Crypto 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 crypto wallets. CZ mentioned that the cryptocurrency exchange was able to track the transactions and freeze over 94% of the stolen funds.

Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum ETFs

Blackrock, the world’s largest asset manager, has made a case for why the U.S. Securities and Exchange Commission (SEC) should approve spot Ethereum 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 ETH ETF would be crucial in protecting U.S. investors in the crypto space, according to Nasdaq.

Kevin O’Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away

Entrepreneur and Shark Tank investor Kevin O’Leary, also known as Mr. Wonderful, has suggested that the approval of a spot bitcoin exchange-traded fund (ETF) could take up to 18 months. He emphasized that the U.S. Securities and Exchange Commission (SEC) will not approve a spot bitcoin ETF until there is a crypto exchange compliant with the SEC.

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

Hive Digital, a Vancouver-based bitcoin 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.

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Changpeng Zhao, the CEO of leading crypto exchange Binance, recently revealed that executives of a Binance client were kidnapped and shaken down for their crypto 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 Bitcoin.com News Week in Review.

Binance CEO CZ Discloses Executive Abduction, Hive Boosts Mining Capacity, Blackrock Considers Ethereum ETFs: Weekly Recap
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Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.