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Spot BTC ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says + More News

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Demand for Spot Bitcoin ETF May Reach $3 Billion in Initial Post-Launch Days, Trading Broker Says XRP Healthcare...

, by Sead Fadilpašić

Bitcoin ETF Countdown: SEC’s Decisive December Deadline – Here’s the Latest

The crypto community is on edge as the US Securities and Exchange Commission (SEC) approaches a crucial deadline for potential approval of a spot Bitcoin Exchange-Traded Fund (ETF). The decision, scheduled for January 10, 2024, could mark a substantial entry for Bitcoin into traditional...

, by Fredrik Vold

Kyrgyzstan Raises $1m from Crypto Mining Taxes in 2023

Kyrgyzstan is quietly becoming a force in crypto mining, with its government set to raise over $1 million this year from taxing the industry. According to the media outlet 24KG, the nation’s finance ministry reported that it had raised $900,000 worth of tax revenue from crypto miners...

, by Tim Alper

Indonesia to Require Cryptocurrency Exchanges to Register with Country’s National Digital Asset Bourse

The Indonesian government has announced that all cryptocurrency exchanges operating within the country will be required to register with the newly established Commodity Future Exchange (CFX). Launched earlier this year, the CFX is the world's first national bourse dedicated to digital...

, by Ruholamin Haqshanas

BNB Surges 11% to Overtake Solana as Community Welcomes Sleepless AI

BNB surges 11.16% to move past Solana (SOL) in market capitalization, sparking several sentiments from traders and igniting a new altcoin push. The last days of the year have seen multiple assets making uphill movements as bulls set sights on good positions before the new year with more...

, by David Pokima

2024: The Year AI and Crypto Converge – Major Boom Incoming?

As we approach 2024, analysts foresee a convergence of artificial intelligence (AI) and web3 technologies leading to a flourishing subsector within the crypto space. The maturation of both AI and crypto has paved the way for innovative developments that could redefine the landscape of...

, by Fredrik Vold

Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire

Jerry Yu is a 23-year-old student at New York University. He's also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations. Yu, a Chinese national and US resident, is what the Chinese call second-generation rich, The New York Times...

, by Sead Fadilpašić

Hong Kong to Become the Next Crypto ETF Hub as BTC ETF Anticipation Continues in US

Hong Kong is poised to become a leading hub for cryptocurrency exchange-traded funds (ETFs), particularly spot Bitcoin (BTC) ETFs, as anticipation grows for the approval of such ETFs in the United States. Industry leaders believe that Hong Kong's Securities and Futures Commission...

, by Ruholamin Haqshanas

MEXC Exchange Quells Concerns: Clarifies Deleted ‘CEO’ Account Amid Withdrawal Rumors

MEXC has clarified the deletion of a Twitter account named "MEXC_CEO," explaining that the owner of the account no longer had any connection with the exchange. Last week, the MEXC_CEO Twitter account, which some users assumed belonged to the exchange's CEO, John Chen Ju, suddenly...

, by Ruholamin Haqshanas

South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’

South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus...

, by Tim Alper

PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens

Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE. The developers seek to reduce the token supply from 750 million to 450 million, aiming to better align it with the current circulating...

, by Ruholamin Haqshanas

Vitalik Buterin Proposes Simplified Ethereum Proof of Stake Design

Ethereum co-founder Vitalik Buterin has proposed three alternative methods aimed at simplifying the Ethereum blockchain's proof of stake design. This initiative, according to Buterin’s latest blog post, is intended to address a potential systemic complexity within Ethereum's consensus...

, by Hongji Feng

Korean Traders Drive Bitcoin SV (BSV) Surge, Price Soars by 65% in 24 Hrs

Bitcoin SV (BSV), a cryptocurrency fork of Bitcoin, has experienced a notable surge of 65% within the past 24 hours, with Upbit, South Korea's largest exchange, emerging as the focal point for trading activity. A significant 65% of the trading volume is concentrated on Upbit, underscoring...

, by Jai Pratap

Donald Trump Sells $2.4 Million Ethereum: Arkham Intelligence

Former U.S. President Donald Trump has sold a substantial amount of Ethereum, amounting to $2.4 million, according to Arkham Intelligence. In a recent post, the blockchain intelligence firm Arkham Intelligence shared a screenshot of a crypto wallet’s transaction history over the past three...

, by Hongji Feng

Cathie Wood’s Ark Invest Sells off Entire GBTC Holdings, Allocates $100 Million to Bitcoin Futures ETF BITO

Cathie Wood's Ark Invest has reportedly offloaded its entire Grayscale Bitcoin Trust (GBTC) holdings, following a recent trend of divestment. Earlier this month, the asset management firm liquidated nearly $45 million in GBTC shares and over $150 million in Coinbase shares. Bloomberg analyst...

, by Jai Pratap

Digital Asset Products Record $103 Million Inflows as Assets Under Management Maintains $52 Billion Position

Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). Recent data provided by CoinShares shows massive inflows into...

, by David Pokima

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