🗞 CryptoNews of the Day 🗞
Crypto Exchange Kraken To Start Sharing Data of Some Users With IRS: Kraken, a cryptocurrency exchange, has announced that it has complied with a court order requiring it to submit data on tens of thousands of its users with the Internal Revenue Service (IRS).
👉Details: https://coinmarketcap.com/academy/article/crypto-exchange-kraken-to-start-sharing-data-of-some-users-with-irs
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Sam Bankman-Fried Intended To Sell FTX to Binance From Early Days: FTX founder Sam Bankman-Fried claimed during the testimony that he planned to sell the exchange to Binance when it was still in its early phases.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-fried-intended-to-sell-ftx-to-binance-from-early-days
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Turkish Government Unveils Plan To Tax and Regulate Digital Assets Next Year: In the 2024 President's Annual Plan, the Turkish government has revealed its plans to tax cryptocurrencies and establish a regulatory framework for digital assets next year.
👉Details: https://coinmarketcap.com/academy/article/turkish-government-unveils-plan-to-tax-and-regulate-digital-assets-next-year
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Former FTX CEO Sam Bankman-Fried Testifies in New York Courtroom: On October 26, former FTX CEO Sam Bankman-Fried, also known as SBF, testified in a New York courtroom.
👉Details: https://coinmarketcap.com/academy/article/former-ftx-ceo-sam-bankman-fried-testifies-in-new-york-courtroom
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Solana Labs Launches Solana Incubator Program: Solana Labs has launched the "Solana Incubator," a new incubator programme aimed at supporting the development of companies on the Solana (SOL) blockchain.
👉Details: https://coinmarketcap.com/academy/article/solana-labs-launches-solana-incubator-program
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Bitcoin Dominance Surges to 54% as Halving Approaches: Bitcoin's dominance hits 30-month high.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-dominance-surges-to-54percent-as-halving-approaches
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Sam Bankman-Fried Will Testify for his Defense, According to his Lawyers: According to attorney Mark Cohen, former FTX CEO Sam "SBF" Bankman-Fried is scheduled to testify as part of his defense case.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-fried-will-testify-for-his-defense-according-to-his-lawyers
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Galaxy Digital: Bitcoin ETFs Could See $14.4B Inflows in First Year: The launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) could generate at least $14.4 billion in inflows in the first year.
👉Details: https://coinmarketcap.com/academy/article/galaxy-digital-bitcoin-etfs-could-see-dollar144b-inflows-in-first-year
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UK Regulator Warns of "Common Issues" in Crypto Marketing: FCA red-flags crypto promotion practices since new rules.
👉Details: https://coinmarketcap.com/academy/article/uk-regulator-warns-of-common-issues-in-crypto-marketing
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Memecoin PEPE Burns 6.9T Tokens, Announces New Team of Advisors: Pepe (PEPE) has rallied over 53% in the past 7 days following a 6.9 trillion ($5.5 million) token burn.
👉Details: https://coinmarketcap.com/academy/article/memecoin-pepe-burns-69t-tokens-announces-new-team-of-advisors
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Bitcoin Funds Saw $57M in Inflows as ETF Excitement Grows: Global publicly traded crypto funds saw a significant increase in fresh capital of more than $61 million on Monday, comparable to more than 10% of this year's net deposits into such funds.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-funds-saw-dollar57m-in-inflows-as-etf-excitement-grows
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BlackRock Settles SEC Charges as Crypto Community Awaits Bitcoin ETF Decision: The Securities and Exchange Commission (SEC) of the United States has reached an agreement with BlackRock.
👉Details: https://coinmarketcap.com/academy/article/blackrock-settles-sec-charges-as-crypto-community-awaits-bitcoin-etf-decision
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Digital Yuan Used for First Cross-border Oil Deal, as China’s CBDC Adoption Advances: The Shanghai Petroleum and Natural Gas Exchange (SHPGX) stated that the digital yuan was utilized to settle an oil transaction for the first time.
👉Details: https://coinmarketcap.com/academy/article/digital-yuan-used-for-first-cross-border-oil-deal-as-chinas-cbdc-adoption-advances
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Bitcoin Mining Stocks Have Outperformed BTC Year-to-Date: The year-to-date returns of most mining stocks, with the exception of Argo Blockchain and TeraWulf, have surpassed Bitcoin (BTC)'s gain of 101% so far this year.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-mining-stocks-have-outperformed-btc-year-to-date
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Bitcoin Surges Past $35,000 Amidst ETF Excitement: Bitcoin (BTC) has broken through the $35,000 mark for the first time since May last year, experiencing a remarkable 12.22% gain in the past 24 hours.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-surges-past-dollar35000-amidst-etf-excitement
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Gemini Sues Genesis Over Ownership of $1.6B in Grayscale Bitcoin Trust Shares: Gemini, a cryptocurrency exchange based in New York, has filed a lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.
👉Details: https://coinmarketcap.com/academy/article/gemini-sues-genesis-over-ownership-of-dollar16b-in-grayscale-bitcoin-trust-shares
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Upbit Dominates Korean Crypto Exchange Market, New Study Finds: Upbit leads the pack of Korean exchanges with 80% market share.
👉Details: https://coinmarketcap.com/academy/article/upbit-dominates-korean-crypto-exchange-market-new-study-finds
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🗞 CryptoNews of the Day 🗞
USDC Issuer Circle Partners with FamilyMart and BitoGroup to Introduce Points-to-Crypto Service in Taiwan: Circle, the stablecoin issuer behind USDC, has announced a partnership with FamilyMart, Taiwan's second-largest convenience store chain, and local crypto exchange BitoGroup.
👉Details: https://coinmarketcap.com/academy/article/usdc-issuer-circle-partners-with-familymart-and-bitogroup-to-introduce-points-to-crypto-service-in-taiwan
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GBTC Outperforms Nvidia Since Start of 2023, Gaining 220%: Grayscale Bitcoin Trust (GBTC) investors who purchased shares in early January have enjoyed significant returns, with GBTC shares increasing 220% to $26.79 this year.
👉Details: https://coinmarketcap.com/academy/article/gbtc-outperforms-nvidia-since-start-of-2023-gaining-220percent
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Yuga Labs Wins $1.5M in Landmark Legal Victory Against Copycat Bored Ape NFTs: In a trademark infringement case against Ryder Ripps and Jeremy Cahen, a U.S. District Judge in California decided in favor of Yuga Labs.
👉Details: https://coinmarketcap.com/academy/article/yuga-labs-wins-dollar15m-in-landmark-legal-victory-against-copycat-bored-ape-nfts
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Bitfinex Announces Launch of First Tokenized Bond Denominated in Tether: Bitfinex Securities, a platform specializing in the listing of real-world tokenized securities, has announced intentions to list its first tokenized bond in November.
👉Details: https://coinmarketcap.com/academy/article/bitfinex-announces-launch-of-first-tokenized-bond-denominated-in-tether
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Matrixport Sticks to $45K Bitcoin Price Prediction by End of 2023: Bitmain co-founder Wu Jihan's cryptocurrency trading firm Matrixport has repeated its prediction that Bitcoin (BTC) will reach $45,000 by the end of 2023.
👉Details: https://coinmarketcap.com/academy/article/matrixport-sticks-to-dollar45k-bitcoin-price-prediction-by-end-of-2023
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FTX Estate Sends Funds to Binance, Potentially Preparing for Creditors Repayment: Collapsed crypto exchange FTX has initiated the transfer of $8.6 million worth of Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and Maker (MKR) tokens to Binance.
👉Details: https://coinmarketcap.com/academy/article/ftx-estate-sends-funds-to-binance-potentially-preparing-for-creditors-repayment
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FTX in Talks With Three Bidders To Relaunch the Exchange: Cofsky revealed that FTX is currently negotiating binding offers with the three bidders.
👉Details: https://coinmarketcap.com/academy/article/ftx-in-talks-with-three-bidders-to-relauch-the-exchange
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Euroclear Launches Digital Securities Issuance and Settles €100 Million World Bank Bond: Euroclear, an established securities settlement house, has launched its Digital Securities Issuance (D-SI) service.
👉Details: https://coinmarketcap.com/academy/article/euroclear-launches-digital-securities-issuance-and-settles-euro100-million-world-bank-bond
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BlockFi Emerges From Bankruptcy, Announces Bankruptcy Recovery Plan: BlockFi, a cryptocurrency lending service, stated on Tuesday that it had successfully emerged from bankruptcy, indicating that its bankruptcy recovery plan was effective as of October 24.
👉Details: https://coinmarketcap.com/academy/article/blockfi-emerges-from-bankruptcy-announces-bankruptcy-recovery-plan
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Nearly $400M in Crypto Liquidated as Bitcoin Surges: Crypto traders suffer nearly $400m in liquidations as Bitcoin surges past $34.9k.
👉Details: https://coinmarketcap.com/academy/article/nearly-dollar400m-in-crypto-liquidated-as-bitcoin-surges-past-dollar33k
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BlackRock’s Spot Bitcoin ETF Ticker ‘IBTC’ Now Listed on NASDAQ Clearing Firm: The proposed iShares spot Bitcoin exchange-traded fund (ETF) by BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC).
👉Details: https://coinmarketcap.com/academy/article/blackrocks-spot-bitcoin-etf-ticker-ibtc-now-listed-on-nasdaq-clearing-firm
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Worldcoin Foundation Will Start Paying Orb Operators in WLD Instead of USDC: The Worldcoin Foundation has disclosed plans to compensate orb operators with WLD tokens rather than USDC stablecoins for scanning individuals into the Worldcoin network.
👉Details: https://coinmarketcap.com/academy/article/worldcoin-foundation-will-start-paying-orb-operators-in-wld-instead-of-usdc
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Thai Government Postpones 10,000 Baht Digital Money Handout Due to System Development: Prime Minister Srettha Thavisin's plan to distribute 10,000 baht ($276) in digital money to the public on February 1 has been delayed, but will still take place in Q1 next year.
👉Details: https://coinmarketcap.com/academy/article/thai-government-postpones-10000-baht-digital-money-handout-due-to-system-development
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