This week’s Crypto Developments
Bitfinex Successfully Prevents Attack on $15 Billion XRP Tokens
Bitfinex successfully foiled attackers trying to compromise $15 billion worth of XRP tokens using a “Partial Payments Exploit.” The exchange’s adept management of transaction data thwarted the bold exploit.
Bitcoin Plunge Despite Spot Bitcoin ETF Approval
Since spot Bitcoin ETF’s approval by the SEC, the major effect has been on Bitcoin’s price, which has fallen by over 10%. Investors chasing temporary profits from the initial ETF hype have led to the decrease in value.
Vivek Ramaswamy Drops Out of Presidential Campaign
Vivek Ramaswamy ended his 11-month presidential race after the Iowa caucus outcome. He pledged his support to Donald Trump.
Binance Opens Doors to Thailand’s Crypto Market
Binance, in partnership with Thailand’s Gulf Innova, Gulf Binance, has launched its cryptocurrency exchange services in Thailand.
Brad Garlinghouse Shared the Stage With CFTC Commissioner
Ripple CEO Brad Garlinghouse was a pivotal figure this week at the WEF’s annual meeting in Davos.
EU Tightened Anti-Money Laundering Rules For Crypto Firms
New guidelines by the European Banking Authority strengthened anti-money laundering and terrorist financing risk factors for crypto-asset service providers.
Grayscale, BlackRock, and Fidelity-Ruled Bitcoin ETFs with $1.6B Trading Volume
Following the SEC’s significant victory, Grayscale, BlackRock, and Fidelity collectively accounted for 90% of the total trading volume.
Sam Bankman’s Parents Denied Allegations
Sam Bankman-Fried’s parents recently denied allegations made by FTX employees regarding their wealth.
Socket Protocol Hacked! Massive $3.3M Drained
A major security breach led to losses exceeding $3.3 million for Socket, a key player in decentralized finance (DeFi).
Binance lost 5% of Market Shares While OKX and Bybit Witnessed a Boost
Binance experienced a 5% drop in its market shares; OKX and Bybit saw an upward trajectory.
Donald Trump Vows to Block CBDC if He Got Elected as President
Donald Trump promised to block CBDC if he gets elected, deeming it a threat to the development of the United States.
Thailand SEC Eases Restrictions on Digital Token Investments
Thailand Securities and Exchange Commission lifted individual digital token investment restrictions in a move to enhance national growth and technology innovation.
Cristiano Ronaldo Faces $1 Billion Lawsuit Over Binance NFT Promotion
Cristiano Ronaldo is under fire facing a class-action lawsuit resulting from user losses on Binance.
European Union Cracks Down Against Money Laundering and Terror Financing
The European Union reached a provisional deal on parts of a comprehensive regulatory package to combat money laundering, impacting crypto firms to run due diligence on their customers.
SEC v. Binance: Federal Judge Orders Digital Asset Securities Review
A federal judge ordered a review of the lawsuit to determine whether digital assets qualify as securities in the SEC v. Binance case.
Hong Kong’s VSFG Plans to Launch First Ever Spot Bitcoin ETF Fund
Venture Smart Financial Holdings Limited seeks to launch its spot Bitcoin ETF fund in Q1, targeting 500 million assets.
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