The Future of BTC ETF Approval
In January 2024, there is a possibility that spot Bitcoin ETFs may be approved by the U.S. Securities and Exchange Commission (SEC), which could have a significant impact on the demand for Bitcoin, according to Michael Saylor.
Argentina’s Legalization of Bitcoin
Argentina’s Minister of Foreign Relations and International Commerce announced on social media that a decree has been passed to legalize specific currencies for contract settling, including Bitcoin.
Mainstream Institutions Embrace Crypto Gains
Mainstream institutions, such as Coinbase and Microstrategy, have benefited from the remarkable gains in the crypto market throughout 2023, as they have added these assets to their portfolios.
Forfeiture of Bitcoin Tied to Silk Road
The US Court of Appeals for the Ninth Circuit has finalized the forfeiture of various cryptocurrencies, including 69,370 BTC, Bitcoin gold, Bitcoin SV, and Bitcoin Cash, which were linked to the Silk Road marketplace.
Efforts to List Spot Bitcoin ETF
Representatives from the SEC, Nasdaq, and BlackRock have held a meeting to discuss rule changes necessary for listing a Spot Bitcoin ETF.
Predictions for Spot Bitcoin ETF Approval
Galaxy Digital CEO Mike Novogratz and BlackRock have both expressed their expectations that a spot Bitcoin ETF will be approved in January 2024.
Ethereum’s Dencun Upgrade
Developers of Ethereum are planning to test the Dencun upgrade on the Georli testnet starting from January 17, 2024.
Compensation for Ledger Exploit Victims
Hardware wallet maker Ledger has announced plans to reimburse the victims of the recent Connect Kit exploit, which resulted in the loss of $600,000 worth of crypto assets.
Recovery of Stolen NFTs
Boring Security, a Web3 security firm, has successfully recovered stolen BAYC and MAYC NFTs from a hacker who was paid 120 ETH by Greg Solano, co-founder of Yuga Labs.
Chinese Authorities Embrace Web3
In a surprising move, Chinese authorities have decided to wholeheartedly invest in Web3 and blockchain technology, despite the ongoing crypto ban in the country.
Code Vulnerability in OKX Wallet
A code vulnerability has been discovered in the OKX Wallet, prompting blockchain security firm Certik to urge iOS users to update their wallet app.
Hack of Solana-based Aurory
Aurory, a Pokemon-like battler game built on the Solana blockchain, fell victim to a hack that resulted in the theft of approximately 600,000 AURY tokens, valued at around $830,000 at the time of the attack.
Successful Extradition Appeal
Do Kwon, former founder of Terra, has successfully appealed his extradition to the U.S. and won the case with the high court in Montenegro.
Settlement with Binance and Former CEO
As part of a settlement agreement, former Binance CEO Changpeng “CZ” Zhao will pay $150 million, while Binance will pay $2.7 billion to resolve the CFTC enforcement action.
Calls for Crypto Regulations from the IMF
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has highlighted the need for regulations in the crypto industry, as it poses risks to financial stability.
Hot Take: Outlook for BTC ETF Approval
The potential approval of BTC ETFs in January 2024 by the SEC has garnered significant attention. This development could lead to a surge in demand for Bitcoin, with experts like Michael Saylor and BlackRock predicting the approval. Meanwhile, Argentina has taken a step towards the acceptance of Bitcoin by legalizing specific currencies for contract settling. The mainstream adoption of cryptocurrencies by institutions like Coinbase and Microstrategy has allowed them to reap substantial gains. Ethereum’s upcoming Dencun upgrade is set to be tested in January 2024, while Ledger plans to reimburse victims of the Connect Kit exploit. These developments highlight the evolving landscape of cryptocurrencies and the need for regulatory measures proposed by authorities like the IMF.
By
By
By
By
By