The Securities and Exchange Commission (SEC) is taking action on the numerous applications for Bitcoin exchange-traded funds (ETFs) that have been submitted. Crypto firms have been given a deadline to make any necessary changes to their applications, indicating that the SEC is preparing to make a decision.
In the world of Bitcoin, Indonesian police have shut down ten mining operations and confiscated over a thousand Bitcoin machines. Meanwhile, MicroStrategy, a business intelligence firm led by Michael Saylor, has acquired an additional 14,620 BTC. On the other hand, Bitzlato, a cryptocurrency exchange, has temporarily halted Bitcoin withdrawals.
In Ethereum news, a crypto portfolio believed to belong to former President Donald Trump has sold over 1,000 ETH in the past three weeks. This amounts to an estimated value of $2.4 million.
On the technology front, LayerZero, an interoperability protocol, is integrating with the Shimmer Network to improve cross-chain communications and enhance decentralized finance (DeFi) on IOTA’s ShimmerEVM.
In the business sector, Grayscale, the cryptocurrency investment firm behind the Grayscale Bitcoin Trust, has experienced a major leadership reshuffle with prominent board members resigning. This change comes as Grayscale engages in discussions with the SEC regarding the conversion of the Grayscale Bitcoin Trust into a spot Bitcoin ETF. Additionally, Tether has minted 1 billion USDT to enhance liquidity and facilitate future issuance and chain swaps.
Regarding security, the Thunder Terminal platform claims that funds worth $240,000 are safe after an attack. However, the assailant disputes this claim and asserts that they possess user data. Additionally, the defunct crypto exchange Mt. Gox is finally repaying its creditors after ten years of non-operation.
In terms of regulation, the SEC has set a deadline for crypto firms that have applied for spot Bitcoin ETFs to make any necessary changes to their proposals by December 29, 2023.
Lastly, JPMorgan Chase has agreed to play a role in BlackRock’s spot Bitcoin ETF, despite CEO Jamie Dimon’s anti-crypto stance. This decision has been criticized by industry experts who view it as hypocritical. The anticipation of a spot Bitcoin ETF announcement has generated significant interest in the market, but there are concerns about a potential sell-off when the news is released. Additionally, there is speculation about whether Chairman Gensler’s regulatory approach will change in 2024.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇮🇩 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Donald Trump, Chairman Gensler, Michael Saylor, Jamie Dimon |
| Companies | Bitzlato, Tether, Grayscale, JPMorgan Chase, MicroStrategy |
| Currencies | Ethereum, Tether, Bitcoin |
| Securities | None |
