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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
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📣 OneCoin Lawyer Sentenced to 10 Years in $400 Million Cryptocurrency Fraud Scheme
According to Manhattan federal prosecutors, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in a $400 million fraudulent cryptocurrency scheme. The sentencing took place on Thursday, and Scott was found guilty of conspiracy to commit money laundering and conspiracy to commit bank fraud in November 2019, linked to his role in the OneCoin cryptocurrency fraud.
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💰 Bitcoin spot ETFs recorded the largest single-day total net outflow
On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow. According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch.
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@CryptoWorldNews
WATCH: 📊 Race visualization shows how the 💰 Bitcoin ETFs have accumulated 100k+ $BTC in just over a week 📈
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💰 Bitcoin ETFs expected to launch in Hong Kong by mid-2024
Hong Kong is gearing up to launch its first spot crypto exchange-traded funds (ETFs) by mid-2024, a move that could redefine the landscape of digital asset investment in the region, according to Jan. 22 news reports. Multiple firms are looking to launch spot Bitcoin ETFs within the coming months now that Hong Kong has softened its stance toward the industry and begun to establish regulatory frameworks.
Source
@CryptoWorldNews
📊 Global crypto user base surpassed half a billion in 2023 — Crypto.com report
More than half a billion people had become cryptocurrency users or owners by the end of 2023, according to a market sizing report from cryptocurrency exchange Crypto.com. The company estimates that the global number of cryptocurrency users increased by 34% in 2023, growing from 432 million to 580 million people.
Source
@CryptoWorldNews
🇭🇰 OSL executive says Hong Kong could debut spot crypto ETF by mid-year
Gary Tiu, executive director and head of regulatory affairs of OSL, a Hong Kong-licensed crypto exchange, said that the special administrative region could potentially see the issuance of its first spot crypto exchange-traded funds by the middle of this year, according to local media.
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@CryptoWorldNews
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💰 FTX must be investigated by independent examiner, court rules
The Third Circuit Court of Appeals in Philadelphia ruled on Friday that FTX must be investigated by an independent examiner. An investigation was earlier requested by the U.S. Trustee overseeing the FTX bankruptcy but was opposed by FTX's current CEO and denied by the Delaware bankruptcy judge overseeing the process.
Source
@CryptoWorldNews
💰 Bitwise is the first Bitcoin ETF issuer to disclose the specific amount of Bitcoin per share
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💰 Bitcoin ETF ads may appear on Google starting Monday, community speculates
On Monday, Google is set to update its policies allowing certain cryptocurrency products to be advertised on the major search engine. Bitcoin exchange-traded funds (ETFs) appear likely to meet the criteria, sparking speculation within the crypto industry. In December 2023, Cointelegraph reported that Google’s crypto and related ads policy will be revised on Jan. 29, to allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.”.
Source
@CryptoWorldNews
💰 Bitcoin is up 8% since Cramer said that the new theme of Bitcoin was "Number Go Down" 🤣
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💰 Bitwise says bitcoin received to ETF wallet will benefit the fund’s shareholders
Earlier this week, Bitwise became the first spot bitcoin exchange-traded fund issuer to publish the wallet for its fund — and it didn’t take long before the wallet started receiving unexpected gifts. Some users sent the wallet small amounts of bitcoin, such as 0.00042069 BTC. Others sent BRC-20 tokens, Bitcoin domain names and a variety of Bitcoin NFTs to the wallet. In total, the wallet has received more than $5,000.
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@CryptoWorldNews
🇺🇸 U.S. files notice to sell $130 million worth of Bitcoin seized from Silk Road agent❗️
@CryptoWorldNews
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🇮🇩 Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge
Indonesia’s Ministry of Finance said the total tax revenue from crypto in 2023 was $31.7 million (Indonesian Rupiah 467.27 billion). The country’s tax revenue last year fell 62% compared to the partial collection period in 2022, when the tax regime was introduced in May 2022. Crypto transactions in Indonesia are subject to dual taxation: a 0.1% income tax and a 0.11% value-added tax (VAT). Additionally, local crypto exchanges must contribute around 0.04% tax to the national crypto bourse.
Source
@CryptoWorldNews
💰 Bearish Bitcoin leads to tumble in crypto stocks, with Coinbase taking a hit
The shares of several U.S.-listed crypto companies experienced substantial declines in their values due to the significant market downturn today, Jan. 23. Bitcoin’s price retraced more of the gains it made in anticipation of the U.S.-based spot exchange-traded fund (ETF) launches in the U.S. The flagship digital asset dropped below $39,000, marking its lowest value since early December, according to CryptoSlate’s data.
Source
@CryptoWorldNews
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🚨 BREAKING: Reuter Reports Terraform Labs, Creator of TerraUSD Stablecoin, Files Chapter 11 Bankruptcy in the United States.
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💰 Bitcoin Investor Demand Weakens in the US Post-ETF Approval: CryptoQuant
Short-term investors and large BTC holders have turned into a “risk-off” attitude and are on a selling spree, according to CryptoQuant. According to a weekly report from market intelligence platform CryptoQuant, the weak BTC demand from U.S. investors is evident in crypto exchange Coinbase’s premium turning negative for the first time in 2024 amid high selling activity from short-term holders.
Source
@CryptoWorldNews
💰 Franklin Templeton CEO says ETF has shown 'demand' for Bitcoin is 'everywhere'
Jenny Johnson said the launch of Franklin Templeton's Bitcoin ETF is a strategic response to the increased use of Bitcoin in transactions and its integration into the broader financial system.
@CryptoWorldNews
💰 Cathie Wood lays out the case for why to invest in ARK’s spot Bitcoin ETF
@CryptoWorldNews
🇮🇳 Indian Crypto Community Awaits Budget 2024 with Hopes for Tax Reforms
India prepares to unveil its Union Budget for 2024 on February 1. Meanwhile, the domestic cryptocurrency sector is holding its breath for a significant tax cut.Rajagopal Menon of WazirX has expressed the community’s hopes to CoinGape, advocating for a substantial decrease in the Tax Deducted at Source (TDS).
Source
@CryptoWorldNews
🥇 Bitcoin Miner Core Scientific Set to Emerge From Bankruptcy
Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy. In a press release on their website, Core Scientific announced that the Southern District of Texas bankruptcy court has green-lighted its reorganization plans, setting the stage for the company to relist its shares on Nasdaq by the month’s end.
Source
@CryptoWorldNews