Bitcoin has reached a new high for the year, surpassing $39,500, which has brought joy to crypto enthusiasts and investors worldwide. In November, MicroStrategy, the largest corporate holder of Bitcoin, purchased around 16,139 BTC worth approximately $608 million at current prices. The US Securities and Exchange Commission (SEC) has opened the floor for public comments on Fidelity’s application for a spot Ethereum exchange-traded fund (ETF). Binance, the world’s largest cryptocurrency exchange, has announced plans to phase out support for the Binance USD (BUSD) stablecoin by the end of December. Jito Foundation is launching a governance token aimed at managing and promoting the development of the Solana-based liquid staking protocol. However, TRON has faced criticism as it has become the preferred platform for crypto transfers associated with groups labeled as terrorist organizations by Israel, the US, and others. In the business sector, Paxos has received in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to introduce stablecoins to the United Arab Emirates. IOTA continues its expansion by registering the IOTA Ecosystem DLT Foundation worth $100 million in the UAE. Poloniex is set to resume withdrawal services after a hack that resulted in the theft of $100 million. Genesis has reached a deal with its parent company, Digital Currency Group (DCG), potentially resolving their longstanding legal feud. Paradigm, a crypto venture capital firm, has criticized Blast’s protocol marketing strategy. Circle, the issuer of the USDC stablecoin, has partnered with Japanese securities and banking giant SBI Holdings to boost USDC circulation in Japan. In the Web3 space, CoinGecko’s recent report reveals that over three-quarters of blockchain games launched in the past five years are struggling. Team Liquid, a leading esports company, is partnering with the developers of the NFT game Illuvium to test new features. Despite challenges in many countries, OKX, a leading crypto exchange, has announced the launch of a new crypto exchange and Web3 wallet in Brazil. Regarding security, the hacker behind the KyberSwap hack has promised to release a statement on a potential deal. In terms of regulation, a federal judge has reprimanded the SEC and threatened to sanction its lawyers after false arguments led to a temporary restraining order on crypto firm Debt Box. Tom Emmer, the majority whip of the U.S. House of Representatives, has criticized the Treasury Department’s recommendations for more control over crypto. Circle has denied allegations of ties with Hamas and Justin Sun. Class action lawsuits have been filed against high-profile organizations and individuals, including Cristiano Ronaldo, for promoting the Binance crypto exchange. Changpeng Zhao, the founder and former CEO of Binance, has been ordered to remain in the US until his sentencing in February.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇦🇪 🇯🇵 🇧🇷 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Changpeng Zhao, None, Cristiano Ronaldo, Justin Sun, Tom Emmer |
| Companies | OKX, Paradigm, Genesis, Team Liquid, Digital Currency Group (DCG), Cosmos, Debt Box, Hamas, Paxos, Treasury Department, SBI Holdings, MicroStrategy, KyberSwap, Changpeng Zhao, Poloniex, Jito Foundation, IOTA, Circle, CoinGecko, Binance, Justin Sun |
| Currencies | US Dollar, Cosmos Hub, Bitcoin, TRON, Ethereum |
| Securities | None |
