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BTC Dev Wants to 'Fix' Ordinal Inscription 'Exploit,' Blackrock Updates ETF Filing, and More

December 11, 2023

BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being legally classified as a security. This and more, just below, in the latest Bitcoin.com News Week in…

Ripples in the Bitcoin Sea: Ocean Pool's Transaction Blacklist Sparks Industry Uproar

December 11, 2023

In recent days, discussions have intensified around the emerging bitcoin mining pool Ocean and its decision to exclude certain transactions, specifically those linked to Ordinal inscriptions and coinjoin activities. Luke Dashjr, a key figure in Ocean’s operations and a…

Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge

December 11, 2023

Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the…

Vaneck Unveils 15 Crypto Predictions: Spot Bitcoin ETF Approvals, US Recession, BTC’s Historic Rally

December 10, 2023

Asset management firm Vaneck has unveiled its 15 crypto predictions for 2024. They include the U.S. recession’s arrival, the approvals of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and bitcoin’s historic rally, “potentially spurred by political events and regulatory shifts following a U.S. presidential election.” 15 Crypto Predictions for…

Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

December 10, 2023

Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letters to relevant website operators requesting them to cease offering crypto tokens for purchases, the regulator advises the…

Robinhood Launches Crypto Trading in EU, Aims for Global Accessibility

December 10, 2023

Financial services firm Robinhood has announced the launch of crypto trading in the European Union. “Like we did with the stock market, it’s our goal to make crypto more accessible and affordable to everyone, regardless of where they live,” the company…

December Sparks NFT Sales Surge — Bitcoin Dominates as Market Recovers, Iconic Collections Realign

December 10, 2023

In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week. Bitcoin Outshines as NFT Sales Skyrocket in Early December This past week’s NFT sales amounted to approximately $316 million. Despite this surge, the volume of buyers and sellers decreased considerably…

US Senator Calls for Light Crypto Regulation That Doesn't Kill Innovation and Drive Companies Offshore

December 9, 2023

A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to disrupt much of the traditional banking model,” he stressed that crypto regulation needs to be…

The Bulk of Crypto Trading Volumes in Africa Are Generated by Institutional Traders

December 9, 2023

Farzam Ehsani, the founder and CEO of the South African crypto exchange Valr, has stated that institutional traders account for the bulk of the African continent’s crypto trading volumes. To support this point, Ehsani referred to Valr’s largest volumes which he said…

Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains

December 9, 2023

Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for cryptocurrencies even if their market value changes during each fiscal year. Japan to Stop Taxing Corporations for Unrealized Cryptocurrency Gains The Japanese…