crypto2024catch

Sources close to asset management companies seeking to launch a spot Bitcoin ETF speculate that the SEC could approve multiple applications by January 10. 
Read more on: https://thecryptobasic.com/2023/12/21/experts-say-sec-may-approve-multiple-spot-bitcoin-etf-applications-at-once-by-january/
#SECApprovalSigns #SECvsCrypto #BitcoinETFApproval #crypto2024catch #Cryptonews230

While news of the FIU's notice to crypto exchanges might ignite panic, remember to breathe before making any rash decisions. Here's a breakdown:Trading ❌ Development ✅ India is Something Different 🥲 Technical Welcome & Trading on Crypto Not WLCMShow-cause notice, not a ban: This is a call for compliance, not an immediate shutdown. Exchanges have time to address concerns and register under the PML Act.Compliance leads to safety: Registering allows exchanges to operate legally and offer users a secure environment.It's a positive step towards responsible crypto adoption in India.Alternatives exist: Even if some exchanges face temporary hurdles, others operating in compliance will remain accessible.Don't panic-sell: Knee-jerk reactions can lead to unnecessary losses. Stay informed, but stick to your investment strategy.This situation presents an opportunity for responsible growth in the Indian crypto market. Stay calm, follow official updates, and prioritize secure exchanges to navigate this development smoothly.Remember, informed decisions, not panicked reactions, are the key to success in any market, including crypto.🪷#India $BTC #BTC #HODL $MATIC #BullishAltcoins $WRX #crypto2024catch

فشلت شركة BarnBridge في تسجيل منتج العملات المشفرة المهيكل الخاص بها لدى هيئة الأوراق المالية والبورصات، حسبما زعم المنظمون.وافقت جهة إصدار استثمارات العملات المشفرة BarnBridge DAO ومؤسسيها على دفع 1.7 مليون دولار لتسوية ادعاءات لجنة الأوراق المالية والبورصة (SEC) بأنها قدمت أوراقًا مالية مشفرة غير قانونية للمستثمرين الأمريكيين.سيقوم مشروع العملات المشفرة القائم على إيثريوم بإغلاق منتجه الاستثماري المهيكل للعملات المشفرة، والذي يسمى SMART Yield، والذي قارنته BarnBridge بـ "أدوات الدين ذات التصنيف العالي". قال المنظمون الماليون إن شركة SMART Yield فشلت في التسجيل كشركة استثمارية حتى بعد أن جمعت 509 مليون دولار من مستثمري العملات المشفرة، بما في ذلك البعض من الولايات المتحدة.

This week, the U.S. Securities and Exchange Commission (SEC) launched two major legal actions against Binance and Coinbase, accusing the exchanges of flouting U.S. securities laws.

At the heart of this offensive is one man: Gary Gensler, who was appointed chair of the SEC in February 2021.
Gensler today looks like the crypto industry’s worst enemy, issuing what sounds like a blanket disavowal of crypto’s whole point of being. “We don’t need more digital currency…we already have a digital currency, it’s called the U.S. dollar,” Gensler said Tuesday, June 6.
“We have not seen, over the centuries, that economies and the public need more than one way to move value.”
But Gensler wasn’t always so trenchant a critic.
Before he started in the SEC hot seat, he was fresh from teaching courses on digital currency at the Massachusetts Institute of Technology and consulting with that school’s Digital Currency Initiative.
Here was the tone that Gensler struck in an op-ed for CoinDesk in December 2019: “Though literally thousands of projects have yet to land on broadly adopted use cases, I remain intrigued by Satoshi’s innovation’s potential to spur change – either directly or indirectly as a catalyst. The potential to lower verification and networking costs is worth pursuing, particularly to lower economic rents and data privacy costs, and promote economic inclusion."
“Further, shared blockchain applications might help jumpstart multiparty network solutions in fields that historically have been fragmented or resilient to change. Even in this slightly less ambitious form – acting as an innovative irritant to incumbents and traditional technologies – cryptocurrencies and blockchain technology have already prompted real change and can continue to do so," he added.
#SECLawyers #crypto2024catch #CryptoPilot

INDODAX, Indonesia’s most prominent crypto exchange, has listed a Shiba Inu ecosystem token, Bone ShibaSwap (BONE). 
Read more on: https://thecryptobasic.com/2023/12/19/top-indonesian-exchange-lists-shiba-inu-bone-token/
#Shiba.Inu-SHIB #ShibaInuEcosystem #BONE #crypto2024catch #CryptoNews🔒📰🚫

يتوقع محللو Bitfinex أن ترتفع قاعدة مستخدمي العملات المشفرة العالمية إلى ما بين 850 و950 مليونًا في عام 2024، نظرًا لاتجاهات السوق الصعودية الحالية.
على الرغم من التحديات التي يواجهها عام 2023، يُظهر مجتمع العملات المشفرة نموًا قويًا، حيث ارتفع العدد العالمي للمستخدمين من 432 مليونًا إلى 575 مليونًا.
المد الصاعد لاعتماد التشفير
على الرغم من أن مشهد العملات المشفرة سيواجه عام 2023 المضطرب، إلا أنه من المتوقع أن يشهد انتعاشًا كبيرًا. سلط محللون من بورصة العملات المشفرة Bitfinex الضوء على تطور مثير: عدد مستخدمي العملات المشفرة على مستوى العالم، والذي يبلغ 575 مليونًا اعتبارًا من 1 ديسمبر 2023، يستعد لتحقيق قفزة مذهلة. ووفقًا لرؤاهم، يمكن أن يتصاعد هذا العدد إلى ما بين 850 و950 مليونًا بحلول عام 2024، اعتمادًا على استمرار ظروف السوق الصعودية.

Digital mining giant Hut 8 has entered into a preliminary agreement with #Celsius Network for the joint construction and operation of a new cryptocurrency mining facility. This step was announced in a report dated December 18 and is related to Celsius's reorganization during its bankruptcy proceedings.
Construction Plans in Texas
Hut 8 plans to build a new facility in Texas, known as Cedarvale. The project is expected to host over 66,000 mining units and consume more than 215 MW of energy, with ambitions to expand production capacity in response to rising digital asset prices.
 Collaboration and Development
Hut 8 has committed to providing a wide range of development services for the project, including financial modeling, construction management, logistics, and coordination. Work on the project is set to begin next week.
 Strategic Goals of Hut 8
Asher Genoot, President of Hut 8, emphasized that the agreement is intended to support the strategic goals of both companies. Hut 8 aims to expand its capital through partnership with Celsius during its bankruptcy and in seeking new investors, while also planning to increase its energy capacity to 895 MW.
 The Rise of Hut 8
Commentators highlight that this agreement could be beneficial for both companies: Celsius needs fresh capital for new ventures during its bankruptcy proceedings, while Hut 8 seeks growth and to strengthen its position in the mining sector. Currently, Hut 8 has a total capacity of 680 MW in North America, which is set to increase with this agreement.
 Key Success Factors
“Our ability to efficiently and quickly build mining infrastructure and optimize operations were key factors in the selection of partners for this project,” stated Hut 8. Digital asset miners are now focusing on the upcoming halving, which will occur next year, positioning themselves to be the most efficient and profitable as asset prices grow.
 

Overcoming Challenges
In recent months, miners faced challenges due to the drop in cryptocurrency prices, leading to loss-making operations. Some were forced to sell their Bitcoin reserves, phase out mining equipment, or pivot to artificial intelligence (AI) computing technologies. With the price of Bitcoin above $40,000, miners are looking to consolidate gains and expand their capacity and efficiency before the next halving.
#BinanceTournament #crypto2023 #crypto2024catch
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 Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

#Tether has responded to American lawmakers' requests for the Department of Justice (DOJ) to act regarding the illegal use of its stablecoin, stating that it aims to be a "world-class partner for the USA."
Communication with Senate and House Committees
Tether has released letters addressed to members of the US Senate Committee on Banking, Housing, and Urban Affairs, and the House Financial Services Committee. Sent on November 16 and December 15, these letters emphasize "Tether's commitment to combating the unlawful use of stablecoins."
 Response to Senator Lummis and Representative Hill's Calls
These letters were in response to an October request by Senator Cynthia Lummis and Representative French Hill for the DOJ to thoroughly investigate how Binance and Tether "provide material support and resources for terrorism."
 Background of Lawmakers' Request
This request from lawmakers followed a coordinated attack by Hamas against Israel on October 7, which was believed to be partially funded by illegal crypto transactions "providing significant financing for terrorism."
 Tether's Measures Against Illegal Use
In its response, Tether stated that it has a Know Your Customer (KYC) system, a transaction monitoring system, and a "proactive approach" to identifying suspicious accounts and activities. "We have always assisted law enforcement agencies when called upon to act and are fully committed to continuing proactive cooperation with agencies worldwide. Tether has and will assist in identifying and freezing addresses subject to sanctions involved in illegal activities or any form of terrorism financing."
 Tether's Client Activity Monitoring
Tether also emphasized that client reviews do not end with their onboarding, stating that they use tools like Chainalysis Reactor for ongoing monitoring of client activities. "These monitoring tools are considered primary options for blockchain monitoring and are used by many US government agencies."
 Tether's Voluntary Wallet Freezing Policy
On December 9, Tether announced the implementation of a voluntary wallet freezing policy, enabling secondary market checks to freeze activities associated with sanctioned individuals on the US Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list.
 Tether's Strategy Shift in Response to Regulatory Pressure
In 2022, Tether initially refused to proactively freeze wallets associated with irregular activities. However, intense regulation of crypto firms in the USA and globally led the company to reconsider its strategy. "Tether strives to be a world-class partner for the USA as we continue to assist in law enforcement and expand dollar hegemony globally," stated Tether CEO Paolo Ardoino.
 Impact on Tether's Market Share in the USA
The scrutiny of crypto firms in the USA in 2023 has bolstered the market share of USDT, which stands at 90 billion USD according to CoinMarketCap.
#crypto2023 #crypto2024catch #BinanceTournament #Bitcoin
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

حث مجلس مراقبة الاستقرار المالي (FSOC) في تقريره السنوي الأخير الصادر يوم الخميس، المشرعين مرة أخرى على سن التشريعات المتعلقة بالعملات المشفرة.
تم اكتشاف ثغرات أمنية في قطاع #Cryptocurrency
ويؤكد تقرير مجلس مراقبة الاستقرار المالي (FSOC)، متابعة لاستئنافه من العام السابق، على ضرورة فرض تنظيم أكثر صرامة للعملات المشفرة، خاصة في الأسواق الفورية التي لا تعتبر أوراقًا مالية، والعملات المستقرة.
ويلخص التقرير أربعة عشر عامل خطر اقتصادي ويقدم توصيات لتعزيز الموثوقية والكفاءة والتشغيل المستقر للمؤسسات والأسواق المالية الأمريكية.