CryptoZim

Breaking: SEC officially approves all Spot Bitcoin ETFs

https://www.cryptopolitan.com/sec-officially-approves-spot-bitcoin-etfs/?utm_source=feed&utm_medium=publer&utm_campaign=facebook

January 10, 2024, marks a historic moment in the financial world as the U.S. Securities and Exchange Commission approves the first Spot Bitcoin Exchange-Traded Products. This landmark decision paves the way for millions of investors to access Bitcoin investment through a familiar ETF structure, igniting a fierce competition among major ETF issuers for the most attractive fee structures. As the investment landscape evolves with this groundbreaking development, we stand at the cusp of a new era where digital assets and traditional finance converge. Stay tuned as we track the ripples of this monumental event through the markets and what it means for investors and the future of cryptocurrency. ”

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Ethereum testnet successfully forks in Shanghai upgrade rehearsal Ethereum’s Sepolia test network has undergone the “Shapella” upgrade, simulating the Shanghai and Capella hard forks slated for the mainnet next month.

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Emojis count as financial advice and have legal consequences, judge rules Though the word “profit” was not included in NBA Top Shot’s tweets, the emojis used were described as an indication of financial returns.

How to evaluate any crypto project using fundamental analysis Different from traditional markets, the crypto market has its own set of key questions to consider when analyzing a project and its assets.

UK think tank launches a crusade against 'surveillance' CBDCs Bank of England's plans for a CBDC raise concern among UK Tax Reform Council and broader Bitcoin community.

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You don’t see that every day: Bitcoin empty block found Embrace the quirkiness: Empty blocks are a normal part of the Bitcoin blockchain and happen more regularly than expected.

Google invests $300M in AI firm previously funded by Sam Bankman-Fried The news has Crypto Twitter wondering whether these funds will be used to pay back FTX creditors.

Cryptocurrency has come a long way in the past decade, with more and more people turning to digital assets as an alternative to traditional investments. Keep up with all the latest news and trends on our page!

UK consultation on cryptoassets.

Future financial services regulatory regime for cryptoassets This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach

EU Regulated crypto stablecoin.

Euro stablecoin launched in Finland, claims to be first approved in the EU The company suggests that the new coin will help Europeans to be more comfortable using DeFi applications.

In order to ensure fair and rigorous standards and client asset protection, the UK Treasury has suggested to regulate cryptocurrencies. Before currencies may be traded, conditions must be established by crypto platforms, and exchanges will be responsible for safely processing transactions and safeguarding user assets. The rule is anticipated to be a "global first" and will be unveiled prior to the anticipated crypto law in the EU in 2024. The plans will initially be made available for comment. In order to safeguard consumers as they adopt this new technology, the UK government has set out to do so.

Treasury reveals proposals to regulate cryptocurrency The consultation comes amid a turbulent period for cryptocurrency markets, with confidence among investors at a low ebb following the sudden collapse of major exchange FTX and the falling value of Bitcoin, among other challenges.

Breaking: Coinbase fined $3.6M in the Netherlands Coinbase reportedly failed to obtain necessary registration in the Netherlands, leading the DNB to fine the crypto exchange $3.6 million.

Genesis, owned by DCG filed for bankruptcy protection.

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.

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Genesis is planning to file for bankruptcy: Report If it happens, the filing would follow a major liquidity crunch at parent company Digital Currency Group.

Remembering Hal Finney on the 14th Anniversary of the First Bitcoin Transaction The legendary cypherpunk was the first to download and receive bitcoin – helping to prove the system worked.

https://www.independent.co.uk/tech/crypto-doj-bitcoin-latest-news-bitzlato-b2264668.html

Huge crypto crime network shut down in ‘significant blow’ to hackers, DOJ announces Cryptocurrency exchange Bitzlato allegedly processed more than $700 million dollars’ worth of illicit funds

Crypto exchange Huobi to reportedly lay off 20% of staff as industry reels from FTX collapse Huobi on Friday reportedly said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the cryptocurrency industry.

Huobi Exchange net outflows of 60million over the past 24hrs, red flag?

Huobi net outflows crossed over 60M within the past 24 hours: Report Crypto analytics firm Nansen shared that Huobi has seen millions of dollars in outflows this past week.

Do you read and fully understand the T&Cs before you place your money on any platform?

Bankruptcy Judge Says Celsius Crypto Investors Don't Own Their Accounts A sneaky clause in Celsius' terms and conditions made all investments property of the now-defunct crypto trading platform.

According to FintechFutures ~ The authorities have listed some "important risks" that banking organisations should take into account in a year that has seen "substantial volatility" in the cryptosphere.

These dangers include frauds and swindles, ambiguities in the law about ownership and custody rights, high volatility in the markets for cryptoassets, and dangers related to a broad range of activities.

US agencies outline risks of crypto to banking system - FinTech Futures US agencies including the Federal Reserve and Office of the Comptroller of the Currency have outlined the risks from cryptoassets to banking organisations.

Can the government track Bitcoin? The law enforcers like the IRS and FBI track Bitcoin with blockchain data and collaborate with private companies in an attempt to trace criminals and taxes.

The FTX Meltdown Calls for Higher Standards in Crypto Journalism Revelations that Bankman-Fried secretly funded crypto news publisher The Block deepened mistrust of the crypto industry.

Binance auditor withdraws the audit service.

Binance auditor withdraws from working with crypto company World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

CZ ~ Binance financial position is Ok vs the speculative $2.1 billion clawback.

Binance CEO Zhao brushes off $2.1 billion FTX clawback concerns Binance CEO Changpeng "CZ" Zhao brushed off questions about whether the exchange would be able to handle a potential $2.1 billion clawback of FTX funds.

Bitcoin dips and, FTX exec flagged potential fraud to regulators before collapse: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profi...

According to a statement made by Crypto.com on Friday, proof-of-reserves information from auditing company Mazars Group demonstrated that its clients' assets are fully backed one to one.

Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed The examination was done by auditing firm Mazars.

Kraken CEO claims that Binance's proof of reserves is pointless without of liabilities - TodayinCrypto.com The failure of the cryptocurrency exchange FTX made it clear how crucial proof of reserves is for preventing scenarios when users’ money is misappropriated. The CEO of Kraken Exchange Jesse...

https://cointelegraph.com/news/ftx-fall-was-incredibly-damaging-crypto-must-foster-real-utility-ripple-policy-lead

FTX fall was ‘incredibly damaging,’ crypto must foster real utility — Ripple policy lead FTX’s collapse has been “incredibly damaging” for the cryptocurrency industry according to the APAC policy director for Ripple, Rahul Advani.

BlockFi lawyer tells bankruptcy court that the priority is to 'maximize client recoveries' BlockFi's bankruptcy proceedings kicked off on Tuesday, with lawyers from the crypto lender telling the court they would fight to get clients their money back.