🗞 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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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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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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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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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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US Treasury Imposes Sanctions on Crypto Mixer Sinbad for Alleged Money Laundering For North Korean Lazarus Group: The United States Treasury Department's Office of Foreign Assets Control (OFAC) has enforced penalties on Sinbad, a cryptocurrency mixer.
👉Details: https://coinmarketcap.com/academy/article/us-treasury-imposes-sanctions-on-crypto-mixer-sinbad-for-alleged-money-laundering-for-north-korean-lazarus-group
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Owner of South Korean Leading Exchange Upbit Sees 81% Fall in Q3 Net Profit: Dunamu, the parent company of Upbit, one of South Korea's prominent cryptocurrency exchanges, witnessed a substantial decrease in net profit.
👉Details: https://coinmarketcap.com/academy/article/owner-of-south-korean-leading-exchange-upbit-sees-81percent-fall-in-q3-net-profit
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Ark Invest Sells $5.2M of Coinbase Shares as COIN Hits 18-Month Highs, Increases Robinhood Holdings: Ark Invest, led by Cathie Wood, has sold a significant number of Coinbase shares, amounting to 43,956 COIN (equivalent to $5.3 million).
👉Details: https://coinmarketcap.com/academy/article/ark-invest-sells-dollar52m-of-coinbase-shares-as-coin-hits-18-month-highs-increases-robinhood-holdings
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Coinbase Users’ Data Might be Shared With CFTC After Coinbase Served With a Subpoena: Coinbase, the US-based cryptocurrency exchange, has recently informed an undisclosed number of its users about a received subpoena.
👉Details: https://coinmarketcap.com/academy/article/coinbase-users-data-might-be-shared-with-cftc-after-coinbase-served-with-a-subpoena
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Week in DeFi: Total Value Locked Surges Higher: Total value locked gains 29% over the past week as the DeFi space heats up — find out more in our weekly DeFi roundup.
👉Details: https://coinmarketcap.com/academy/article/week-in-defi-total-value-locked-surges-higher
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Grace Period for Crypto Exchanges in Hong Kong Unchanged Despite Recent JPEX Scandal Resulting in $180M in Losses: Recent scandals have not led to the removal of Hong Kong's one-year grace period for cryptocurrency exchanges, according to local news reports.
👉Details: https://coinmarketcap.com/academy/article/grace-period-for-crypto-exchanges-in-hong-kong-unchanged-despite-recent-jpex-scandal-resulting-in-dollar180m-in-losses
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Bitcoin Investment Products Receive $1.5B in Inflows So Far This Year: Bitcoin exchange-traded products (ETPs) have witnessed a notable increase of $312 million in the week ending November 24.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-investment-products-receive-dollar15b-in-inflows-so-far-this-year
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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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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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Paxos Gets In-Principle Approval To Issue Stablecoins in Abu Dhabi: Paxos, a stablecoin issuer, has secured preliminary approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi to issue stablecoins and offer digital asset services.
👉Details: https://coinmarketcap.com/academy/article/paxos-gets-in-principle-approval-to-issue-stablecoins-in-abu-dhabi
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Interactive Brokers Launches Crypto Trading for Retail Clients in Hong Kong With Crypto Exchange OSL: Interactive Brokers, a prominent global brokerage firm, has launched cryptocurrency trading services for its retail clientele in Hong Kong.
👉Details: https://coinmarketcap.com/academy/article/interactive-brokers-launches-crypto-trading-for-retail-clients-in-hong-kong-with-crypto-exchange-osl
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Standard Chartered: Bitcoin On Track To Hit $100K By End of Next Year: Standard Chartered Bank has restated its previous projection that Bitcoin (BTC) will achieve a value of $100,000 by the end of 2024.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-bitcoin-on-track-to-hit-dollar100k-by-end-of-next-year
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New Spanish Tax Guidelines Target Foreign Crypto Accounts: Spain introduces Form 721, requiring residents to declare virtual assets held on overseas crypto platforms.
👉Details: https://coinmarketcap.com/academy/article/new-spanish-tax-guidelines-target-foreign-crypto-accounts
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Web3 Gaming Tokens Surge in Value As Sector Gains Interest, Led by Axie Infinity, ApeCoin and Illuvium: In the past week, cryptocurrency tokens linked to web3 gaming projects have seen substantial increases in value.
👉Details: https://coinmarketcap.com/academy/article/web3-gaming-tokens-surge-in-value-as-sector-gains-interest-led-by-axie-infinity-apecoin-and-illuvium
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Standard Chartered Will Provide e-CNY Services After Joining China’s CBDC Pilot Program: Standard Chartered, a prominent multinational bank based in the UK, has announced its participation in trials of China's digital currency, the e-CNY.
👉Details: https://coinmarketcap.com/academy/article/standard-chartered-will-provide-e-cny-services-after-joining-chinas-cbdc-pilot-program
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CNBC Host Jim Cramer Is Now Bullish on Bitcoin: “If you like Bitcoin, buy Bitcoin”: Jim Cramer, the host of CNBC's Mad Money, has reversed his opinion on Bitcoin and is now urging investors to reconsider their positions.
👉Details: https://coinmarketcap.com/academy/article/cnbc-host-jim-cramer-is-now-bullish-on-bitcoin-if-you-like-bitcoin-buy-bitcoin
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