BlackRock updates its Bitcoin ETF application to enable banks, demand for El Salvador’s crypto-linked citizenship, and Sam Bankman-Fried’s attorney interview. Source: https://cointelegraph.com/news/https://cointelegraph.com/magazine/blackrock-revises-btc-etf-filing-el-salvadors-crypto-citizenship-trending-hodlers-digest-dec-10-16/
Top Stories This Week BlackRock revises spot Bitcoin ETF to enable easier access for banks BlackRock has revised its spot Bitcoin exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash rather than just crypto. The new in-kind redemption “prepay” model will allow banking giants such as…
Peer-to-peer trading platform NFT Trader suffered a security breach on Dec. 16, allowing hackers to steal millions of dollars worth of nonfungible tokens (NFTs). NFT Trader confirmed the incident on X (formerly Twitter), saying the attack targeted old smart contracts, urging users to revoke delegations to two addresses: 0xc310e760778ecbca4c65b6c559874757a4c4ece0 and 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af. Among the NFTs stolen are at least 13 Mutant…
Tether, the company behind the stablecoin Tether (USDT), disclosed letters directed to U.S. legislators, addressing requests for intervention by the Department of Justice in relation to the illicit use of its stablecoin. The communications were sent to members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee on Nov. 16 and…
Argentina welcomed a new president on Dec. 10, who promised profound economic reforms in the country, such as dissolving the nation’s central bank, along with a number of other measures aimed at reducing the size and spending of the government. His name is Javier Gerardo Milei, also known as “El Loco” (the crazy one), a nickname he earned at school due…
Look, 2023 was a pretty great year for games, delivering gems like The Legend of Zelda: Tears of the Kingdom, Baldur’s Gate III, and Alan Wake II. But we’re an optimistic bunch, and we think 2024 could be even better. That’s the vibe we’re getting from the early batch of games expected to launch next year, spanning sequels and original…
What is crypto vesting? The process of locking down cryptocurrency tokens or coins for a predetermined amount of time before allowing the tokenholder to fully access or transfer them is known as crypto vesting. It is commonly used in initial coin offerings (ICOs), token sales and other cryptocurrency-related fundraising activities. Crypto vesting aims to incentivize long-term dedication and deter early…
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies. The development in Coinbase’s rulemaking request occurred when the SEC rejected the trading platform’s petition based on three…
Illustration by Mitchell Preffer for Decrypt. It’s been another great week for meme coin Bonk (BONK) and the network it runs on. BONK seemed unstoppable this week—just as it did last week. The dog-themed meme coin is trading for $0.00002364 as of writing, according to CoinGecko. That’s a solid rise of 67% over the past seven days, and an utterly…
Ripple’s Chief Legal Officer, Stuart Alderoty, has shared insights on the future of the cryptocurrency landscape, specifically in 2024. He discussed predictions about Ripple’s legal dispute with the Securities and Exchange Commission (SEC), the judiciary’s influence on crypto regulations, and potential legislative challenges in Congress. In his prediction, Alderoty foresees the possible resolution of Ripple’s SEC lawsuit in 2024. He…
