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🗞 CryptoNews of the Day 🗞

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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🗞 CryptoNews of the Day 🗞

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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🗞 CryptoNews of the Day 🗞

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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🗞 CryptoNews of the Day 🗞

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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🗞 CryptoNews of the Day 🗞

Bitcoin Surges Past $40,000, Reaching 19-Month High amid Bullish Predictions: Bitcoin (BTC) has surged above $40,000, reaching its highest level in 19 months. BTC experienced a 3.72% increase over the past day to trade at $40,766, according to CoinMarketCap data.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-surges-past-dollar40000-reaching-19-month-high-amid-bullish-predictions

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Binance Launches Triparty Pilot Program For Institutional Investors To Keep Collateral With Banking Partner: Binance, the leading cryptocurrency exchange, has recently launched a pilot initiative that allows banks to securely store institutional investors’ trading collateral outside.

👉Details: https://coinmarketcap.com/academy/article/binance-launches-triparty-pilot-program-for-institutional-investors-to-keep-collateral-with-banking-partner

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Leading ESports Team Liquid Partners With Web3 Game Illuvium: Team Liquid, a well-known esports organization, has formed a partnership with the developers of Illuvium, a blockchain game that recently became available in early access.

👉Details: https://coinmarketcap.com/academy/article/leading-esports-team-liquid-partners-with-web3-game-illuvium

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🗞 CryptoNews of the Day 🗞

MicroStrategy Bought Another $5.9M Worth of BTC, Bringing Total Holdings to $6.6B: Tech company MicroStrategy has expanded its Bitcoin (BTC) holdings to a total of 174,530 BTC, valued at about $6.65 billion.

👉Details: https://coinmarketcap.com/academy/article/microstrategy-bought-another-dollar59m-worth-of-btc-bringing-total-holdings-to-dollar66b

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🗞 CryptoNews of the Day 🗞

U.K. Government Warns of Penalties for Unpaid Taxes From Crypto, NFT and Utility Token Holdings: The UK government is urging crypto holders to voluntarily disclose their capital gains or income related to digital assets.

👉Details: https://coinmarketcap.com/academy/article/uk-government-warns-of-penalties-for-unpaid-taxes-from-crypto-nft-and-utility-token-holdings

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Iota Launches $100M Foundation in Abu Dhabi To Drive DLT Growth in the Middle East: Iota, the developer of an open-source blockchain, has unveiled its plans to establish the Iota Ecosystem DLT Foundation in Abu Dhabi.

👉Details: https://coinmarketcap.com/academy/article/iota-launches-dollar100m-foundation-in-abu-dhabi-to-drive-dlt-growth-in-the-middle-east

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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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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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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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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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🗞 CryptoNews of the Day 🗞

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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Brian Armstrong: Coinbase “Not Planning” To Launch Native Token for Base Network: According to Decrypt, Brian Armstrong, the CEO of Coinbase, has confirmed that the cryptocurrency exchange has no plans to introduce a token for its layer-2 network, Base.

👉Details: https://coinmarketcap.com/academy/article/brian-armstrong-coinbase-not-planning-to-launch-native-token-for-base-network

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Multi-Million Dollar Crypto Scammer Sentenced to 63 Months in Prison: The organizer of a cryptocurrency fraud operation involving fake IDs and bank transaction reversals was handed a 63-month jail term yesterday.

👉Details: https://coinmarketcap.com/academy/article/multi-million-dollar-crypto-scammer-sentenced-to-63-months-in-prison

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Swiss Crypto Bank SEBA Rebrands to Amina, as Bank Looks To Expand Globally: Seba Bank AG, a prominent Swiss bank offering cryptocurrency services, has undergone a name change as part of its plans to expand its trading offerings worldwide.

👉Details: https://coinmarketcap.com/academy/article/swiss-crypto-bank-seba-rebrands-to-amina-as-bank-looks-to-expand-globally

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Bitcoin Miner AntPool Will Refund Record $3M Bitcoin Transaction Fee Made by Mistake: AntPool, a Bitcoin mining pool, has agreed to refund the record high $3 million transaction fee it mined last week, but only after verifying the owner's identity.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-miner-antpool-will-refund-record-dollar3m-bitcoin-transaction-fee-made-by-mistake

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Pando Asset Joins the Bitcoin Spot ETF Race: With the decision deadline looming, a Swiss asset manager joins the Bitcoin ETF race in the US.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-etf-race-gets-surprise-last-minute-entry

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Brazil Approves New Income Tax Rules, Imposing 15% Tax on Crypto Held on Foreign Exchanges: The Brazilian Senate has approved new income tax regulations that may necessitate Brazilians to pay a maximum of 15% tax on earnings obtained from cryptocurrencies held on foreign exchanges.

👉Details: https://coinmarketcap.com/academy/article/brazil-approves-new-income-tax-rules-imposing-15percent-tax-on-crypto-held-on-foreign-exchanges

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Cross-chain Protocol Wormhole Raises $225M, Separates From Jump Crypto: Wormhole, a platform facilitating cross-chain bridges, has successfully secured $225 million in funding, valuing the company at $2.5 billion.

👉Details: https://coinmarketcap.com/academy/article/cross-chain-protocol-wormhole-raises-dollar225m-separates-from-jump-crypto

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