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CZ Reveals Client Execs Kidnapped, Hive Increases Mining Power, Blackrock on ETH ETFs — Week in Review – The Weekly Bitcoin News

November 20, 2023

Changpeng Zhao, the CEO of leading crypto exchange Binance, recently revealed that executives of a Binance client were kidnapped and shaken down for their crypto holdings. In other news, Vancouver-Based Hive Digital has increased its mining power and Blackrock has weighed in on the topic of ethereum exchange-traded funds (ETFs). This and more just below, in the latest Bitcoin.com News Week in…

Down From the Peaks: A Look at Bitcoin, Ethereum, and Others Two Years After the 2021 Surge – Market Updates Bitcoin News

November 20, 2023

It’s been slightly more than two years since the 2021 cryptocurrency boom, a time when the crypto economy reached its zenith with a valuation of $2.90 trillion on November 10, 2021. Although it has been an extended and harsh crypto winter marked by numerous upheavals, a…

Fading Interest for Privacy Cryptos Leads to $440M Market Dip in 2023 – Bitcoin News

November 19, 2023

Throughout 2023, numerous sectors within the cryptocurrency market have experienced gains. However, leading privacy-centric crypto tokens have lagged behind in performance compared to their counterparts. Since January, the market value of the privacy cryptocurrency sector…

South Korea's Crypto Premiums Roar Back, Bitcoin Trades Nearly $1,300 Above Global Average – Bitcoin News

November 19, 2023

Recent data reveals the crypto economy has experienced notable growth over the past month, with a substantial portion of its trading activity originating from South Korea. As an illustration, on Saturday, November 18, 2023, the Korean won accounted for 3.53% of all bitcoin (BTC) trades in the previous 24 hours. Bitcoin Price Soars $1,300 Above Global Norm in South Korea Cryptocompare.com’s data…

Report of SEC's Spot Bitcoin ETF Advice Fuels Hope for Approval — Crypto Industry Views It as 'Real Progress' – Regulation Bitcoin News

November 19, 2023

The Securities and Exchange Commission (SEC) has reportedly provided specific guidance to exchanges seeking to list and trade spot bitcoin exchange-traded funds (ETFs) on what they should do next. “This is real progress,” said one crypto exchange insider. “The cash vs…

South Africa Becomes the Sole African Nation to Adopt Crypto-Asset Reporting Framework – Bitcoin News

November 19, 2023

South Africa is the only African country to join the group of countries that have agreed to implement the Crypto-Asset Reporting Framework. According to the South African Revenue Collector, the reporting framework is expected to improve its “ability to ensure tax…

AI-Driven Crypto Market Rebounds Back to $3 Billion Amid Surge in Leading Tokens – Market Updates Bitcoin News

November 19, 2023

In the early months of 2023, the AI-driven crypto market soared, reaching a peak of over $4 billion. Yet, by the end of July, this sector experienced a notable decline, dropping to $2.6 billion. Despite this downturn, the last three months have witnessed a recovery in the AI-focused crypto landscape, with its value increasing to $3.32 billion, bolstered by an infusion of roughly $720 million. AI…

Fidelity Files 19b-4 for Spot Ethereum ETF, Aiming to Boost Investor Protection in Crypto Space – Bitcoin News

November 19, 2023

The asset manager Fidelity has filed a 19b-4 with the Securities and Exchange Commission (SEC) to list a spot ethereum exchange-traded fund (ETF) on the Cboe BZX Exchange. The proposed ETF would hold physical ethereum (ETH) tokens and seek to track the Fidelity Ethereum…

Jupiter to Roll Out First Phase of Major Airdrop: 1 Billion JUP Tokens to Reward 955,000 Solana Wallets – Altcoins Bitcoin News

November 18, 2023

The decentralized exchange (dex) Jupiter has unveiled specifics regarding the distribution of the first 10% tranche of its community airdrop, encompassing 1 billion jupiter (JUP) tokens from a total pool of 10 billion. This initiative is designed to honor 955,000 distinct…

Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users' Data – Bitcoin News

November 18, 2023

The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers. Localizing Databases of Russian Users A court in Russia recently imposed a fine of just over $11,000 on the U.S.