Crypto Weekly Roundup: Binance Settlement, BlackRock Revisions, & More

reportcryptos.com
4 Min Read

The penultimate week of the year saw more experts confirm the possibility of a BTC ETF approval in the new year. Let’s find out more. 

Bitcoin

Michael Saylor said that if the U.S. Securities and Exchange Commission (SEC) finally approved spot Bitcoin ETFs in January 2024, it could lead to a major demand shock for the crypto. 

Argentina’s Minister of Foreign Relations and International Commerce posted on social media about a decree legalizing specific currencies in contract settling that would apply to Bitcoin. 

Traditional institutions that added Coinbase and Microstrategy to their portfolios have generally been able to take advantage of any of the incredible gains in crypto over 2023.

The US Court of Appeals for the Ninth Circuit finalized the forfeiture of 69,370 BTC, Bitcoin gold, Bitcoin SV, and Bitcoin Cash, tied to the notorious Silk Road marketplace. 

Representatives from the SEC, Nasdaq, and BlackRock held a meeting to discuss rule changes required to list the Spot Bitcoin ETF. 

Galaxy Digital CEO Mike Novogratz has predicted that US regulators will approve a spot Bitcoin ETF in January 2024 in a recent interview. 

The world’s largest asset manager, BlackRock, has filed an updated spot ETF proposal to feature cash creation and redemption mechanisms that the SEC favors. 

Ethereum

Ethereum developers have revealed that they may begin testing the Dencun upgrade on the Georli testnet as early as the 17th of January, 2024.

Business

Hardware wallet maker Ledger has announced that it plans to reimburse the victims of last week’s Connect Kit exploit, which saw the attacker siphon off $600,000 worth of crypto assets. 

NFT

A Web3 security firm, Boring Security, has announced that it has successfully recovered several stolen BAYC and MAYC NFTs from a hacker who received a payment of 120 ETH from Yuga Labs co-founder Greg Solano. 

Web3

In a complete 360-degree turn of events, Chinese authorities have decided to go all in into Web3 and blockchain despite the ongoing crypto ban in the country. 

Security

With the discovery of a code vulnerability in the OKX Wallet, blockchain security firm Certik is urging iOS users to update their wallet app. 

Solana-based Aurory, the Pokemon-like battler game, fell victim to a devastating hack in which the attacker stole around 600,000 AURY tokens worth around $830,000 at the time of the exploit. 

Regulation

Former Terra founder Do Kwon has successfully appealed his extradition to the U.S. with a high court in Montenegro and won, preventing his extradition. 

As per the terms of a settlement, former Binance CEO Changpeng “CZ” Zhao will be shelling out $150 million, while Binance will pay $2.7 billion to end the CFTC enforcement action.

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, called for crypto regulations as they pose risks to financial stability. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

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