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CoinMarketCap Announcements

[CMC Research] CoinMarketCap Market Overview: Dec 2023 🎓
#CMC dives into the latest news unfolding across the #crypto space 🚀
🔹 Market Insights
🔹 Crypto Trends
🔹 Token Developments
🔹 and more!

https://coinmarketcap.com/academy/article/coinmarketcap-december-2023-market-overview

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🗞 CryptoNews of the Day 🗞

United States, Japan and South Korea Discuss North Korea's Crypto Theft and Weapons Program: National security officials from the United States, South Korea, and Japan convened to address North Korea's cryptocurrency thefts and its nuclear and ballistic missile programs.

👉Details: https://coinmarketcap.com/academy/article/united-states-japan-and-south-korea-discuss-north-koreas-crypto-theft-and-weapons-program

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Tether Announces Collaboration With Regulators To Freeze Wallets of OFAC-Sanctioned Persons: Stablecoin issuer Tether, behind leading stablecoin by market capitalization USDT, has taken a new step towards cooperation with law enforcement and regulatory agencies.

👉Details: https://coinmarketcap.com/academy/article/tether-announces-collaboration-with-regulators-to-freeze-wallets-of-ofac-sanctioned-persons

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Cross-chain Protocol LayerZero Confirms Token Airdrop in First Half of 2024: LayerZero Labs, a blockchain infrastructure provider, has revealed its intention to launch a token in the first half of 2024, according to a post on X.

👉Details: https://coinmarketcap.com/academy/article/cross-chain-protocol-layerzero-confirms-token-airdrop-in-first-half-of-2024

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Montenegro Plans To Extradite Do Kwon to the United States: According to a Wall Street Journal report on December 7, Terraform Labs co-founder Do Kwon will be extradited to the United States.

👉Details: https://coinmarketcap.com/academy/article/montenegro-plans-to-extradite-do-kwon-to-the-united-states

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Robinhood Expands Crypto Trading Services to Europe, as Crypto Trading Volume Surges in US: Robinhood, the trading and brokerage firm, has announced the launch of its crypto services for eligible customers in the European Union (EU) on December 7.

👉Details: https://coinmarketcap.com/academy/article/robinhood-expands-crypto-trading-services-to-europe-as-crypto-trading-volume-surges-in-us

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Hong Kong Regulators Block Access to BitCuped and HongKongDAO, Warns of Fraud: The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding suspected fraudulent activities.

👉Details: https://coinmarketcap.com/academy/article/hong-kong-regulators-block-access-to-bitcuped-and-hongkongdao-warns-of-fraud

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JPMorgan CEO Jamie Dimon Criticizes Crypto, Saying He Would “Close It Down”: Jamie Dimon, CEO of JP Morgan Chase, has once again expressed his strong opposition to cryptocurrencies.

👉Details: https://coinmarketcap.com/academy/article/jpmorgan-ceo-jamie-dimon-criticizes-crypto-saying-he-would-close-it-down

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🗞 CryptoNews of the Day 🗞

Swiss City of Lugano Adopts Bitcoin and USDT as Payment for Taxes and Municipal Services: The city of Lugano in Switzerland has embraced digital currencies by enabling its citizens and businesses to utilize them for tax payments and municipal fees.

👉Details: https://coinmarketcap.com/academy/article/swiss-city-of-lugano-adopts-bitcoin-and-usdt-as-payment-for-taxes-and-municipal-services

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SEC Delays Grayscale Spot Ethereum ETF Decision, Extends Review to January 2024: The United States Securities and Exchange Commission (SEC) announced it will delay its decision on Grayscale's proposed Ethereum spot ETF.

👉Details: https://coinmarketcap.com/academy/article/sec-delays-grayscale-spot-ethereum-etf-decision-extends-review-to-january-2024

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CME’s Bitcoin Futures Open Interest Approaches All-time High as BTC Surges: Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) has approached $5.2 billion, nearing its previous all-time high recorded in late October 2021.

👉Details: https://coinmarketcap.com/academy/article/cmes-bitcoin-futures-open-interest-approaches-all-time-high-as-btc-surges

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🗞 CryptoNews of the Day 🗞

Spanish Man Arrested For Teaching North Korea How To Use Crypto To Evade Sanctions: A Spanish individual named Alejandro Cao de Benós has been arrested in Madrid under suspicion of providing instruction to North Koreans on the use of cryptocurrencies to evade US sanctions.

👉Details: https://coinmarketcap.com/academy/article/spanish-man-arrested-for-teaching-north-korea-how-to-use-crypto-to-evade-sanctions

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🗞 CryptoNews of the Day 🗞

Envision Introduces Open-Source Platform for Digitized Carbon Credit Markets at United Nations’ COP28: The 2023 United Nations Climate Change Conference, referred to as COP28, saw the introduction of innovative initiatives.

👉Details: https://coinmarketcap.com/academy/article/envision-introduces-open-source-platform-for-digitized-carbon-credit-markets-at-united-nations-cop28

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🗞 CryptoNews of the Day 🗞

US Presidential Candidates To Discuss Digital Assets in “Stand With Crypto” Forum: The "Stand With Crypto" campaign initiated by cryptocurrency exchange Coinbase aims to gather candidates for the 2024 United States presidential election.

👉Details: https://coinmarketcap.com/academy/article/us-presidential-candidates-to-discuss-digital-assets-in-stand-with-crypto-forum

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FTX and Alameda Transfers $22M in Crypto Tokens to Exchanges, Including IMX, GMT and SHIB: According to Lookonchain, a blockchain analysis firm, FTX and Alameda Research transferred digital assets amounting to $22 million.

👉Details: https://coinmarketcap.com/academy/article/ftx-and-alameda-transfers-dollar22m-in-crypto-tokens-to-exchanges-including-imx-gmt-and-shib

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NFT Project Pudgy Penguins Unveils Pudgy World NFT Game: Pudgy Penguins, the Ethereum-based NFT collection, has revealed a trailer for its upcoming 3D browser game experience, Pudgy World, during Art Basel in Miami.

👉Details: https://coinmarketcap.com/academy/article/nft-project-pudgy-penguins-unveils-pudgy-world-nft-game

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US National Vulnerability Database Labels Bitcoin Inscriptions as Cybersecurity Risk: The National Vulnerability Database (NVD) has identified Bitcoin's inscriptions as a cybersecurity risk, bringing attention to a security flaw.

👉Details: https://coinmarketcap.com/academy/article/us-national-vulnerability-database-labels-bitcoin-inscriptions-as-cybersecurity-risk

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VanEck Files Amendment to Spot Bitcoin ETF Application, Changing Ticker to $HODL: Asset manager VanEck has submitted a fifth amended application for a spot Bitcoin exchange-traded fund (ETF) on December 8.

👉Details: https://coinmarketcap.com/academy/article/vaneck-files-amendment-to-spot-bitcoin-etf-application-changing-ticker-to-dollarhodl

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UK Financial Conduct Authority Adds Justin Sun-Backed Poloniex to Warning List: The Financial Conduct Authority (FCA) of the United Kingdom has included cryptocurrency exchange Poloniex on its warning list of non-authorized companies.

👉Details: https://coinmarketcap.com/academy/article/uk-financial-conduct-authority-adds-justin-sun-backed-poloniex-to-warning-list

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Jack Dorsey’s Block Launches “Bitkey” Self Custody Bitcoin Wallet: Financial payment processor Block, co-founded by Jack Dorsey, has unveiled its self-custody Bitcoin wallet called "Bitkey."

👉Details: https://coinmarketcap.com/academy/article/jack-dorseys-block-launches-bitkey-self-custody-bitcoin-wallet

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Canada’s Crypto Exchanges Hits $1B CAD in Assets Under Management: Bitbuy and Coinsquare, two prominent Canadian cryptocurrency exchanges, have reached a significant milestone by surpassing 1 billion Canadian dollars ($736 million) in assets.

👉Details: https://coinmarketcap.com/academy/article/canadas-crypto-exchanges-hits-dollar1b-cad-in-assets-under-management

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U.S. House Committee Unanimously Approves Legislation Supporting Blockchain Technology: In a significant step forward for crypto-friendly legislation, a bill directing the U.S. Secretary of Commerce to support blockchain technology.

👉Details: https://coinmarketcap.com/academy/article/us-house-committee-unanimously-approves-legislation-supporting-blockchain-technology

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Bitcoin's Rally Crushes Crypto Stocks Short Traders, Resulting in $2.6B in Losses Over Last 3 Months: Bitcoin (BTC)'s recent aggressive rebound has dealt a devastating blow to short sellers of crypto stocks, resulting in losses exceeding $2.6 billion in less than three months.

👉Details: https://coinmarketcap.com/academy/article/bitcoins-rally-crushes-crypto-stocks-short-traders-resulting-in-dollar26b-in-losses-over-last-3-months

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Italy and South Korea’s Central Banks MoU on CBDCs Collaboration: Banca d'Italia, the central bank of Italy, has announced its partnership with the Bank of Korea, South Korea's central bank.

👉Details: https://coinmarketcap.com/academy/article/italy-and-south-koreas-central-banks-mou-on-cbdcs-collaboration

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Elon Musk's xAI Files With SEC To Raise $1B in Private Equity Sale: Elon Musk's company specializing in artificial intelligence, xAI, has reached an agreement for the private sale of equity securities valued at $865.3 million.

👉Details: https://coinmarketcap.com/academy/article/elon-musks-xai-files-with-sec-to-raise-dollar1b-in-private-equity-sale

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Crypto ETFs Poised for Launch in 2024, Says Hashdex: Hashdex predicts U.S. spot Bitcoin and Ether ETFs will launch by Q2 2024, sparking further crypto adoption and growth.

👉Details: https://coinmarketcap.com/academy/article/crypto-etfs-poised-for-launch-in-2024-says-hashdex

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Cosmos’ Osmosis Chain and UX Chain Proposes Merger: Osmosis, the leading decentralized exchange on Cosmos, and lending protocol UX Chain (formerly Umee) have put forward a merger proposal within the Cosmos ecosystem.

👉Details: https://coinmarketcap.com/academy/article/cosmos-osmosis-chain-and-ux-chain-proposes-merger

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Brazil’s Largest Bank Itaú Unibanco Launches Crypto Trading Services: Brazil's largest bank, Itaú Unibanco, has reportedly introduced a cryptocurrency trading service for its clients, according to Reuters.

👉Details: https://coinmarketcap.com/academy/article/brazils-largest-bank-itau-unibanco-launches-crypto-trading-services

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UK Treasury Members Urge Cautious Approach to Retail Digital Pound Implementation: UK legislators are urging caution in implementing a retail digital pound, emphasizing the need to find a balance between technological progress and potential drawbacks.

👉Details: https://coinmarketcap.com/academy/article/uk-treasury-members-urge-cautious-approach-to-retail-digital-pound-implementation

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Arbitrum DAO Increases Incentive Program Budget by $23.4M, Distributes Extra Tokens to Approved Projects: The Arbitrum DAO has made an announcement regarding the distribution of extra tokens to finance all projects approved in its recent Short-Term Incentive Program (STIP).

👉Details: https://coinmarketcap.com/academy/article/arbitrum-dao-increases-incentive-program-budget-by-dollar234m-distributes-extra-tokens-to-approved-projects

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