@cemontgomery64 Trong buổi điều trần với Mitt Romney tại Hạ Viện, Giám đốc Cục điều tra Liên bang FBI, Christopher Wray, cho biết tiền điện tử đang trở thành một vấn đề lớn và ngày càng lớn đối với cơ quan này.
FBI Director: Cryptocurrency Is 'Significant Issue' for Law Enforcement
Christoper Wray said crypto is becoming a "bigger and bigger" issue for the agency in a Senate hearing with Mitt Romney.
Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a “significant issue” that is likely to become a “bigger and bigger" problem for the law enforcement agency.
Silvergate Bank, a crypto-friendly institution, is taking a significant step towards furthering the adoption and integration of digital currencies in mainstream finance. With its IPO debut on the New York Stock Exchange, the bank aims to raise a substantial amount, up to $65 million, which will bolster its ability to provide innovative banking solutions tailored to the needs of the growing cryptocurrency industry. This move not only showcases the recognition and acceptance of cryptocurrencies within traditional financial markets but also highlights Silvergate Bank's commitment to facilitating a seamless bridge between the world of digital assets and traditional banking services.
Crypto-Friendly Silvergate Bank Goes Public on New York Stock Exchange
Silvergate is seeking as much as $65 million with its IPO debut on the New York Stock Exchange Thursday.
@mattiiiii_24 The Chinese central bank official emphasized the importance of achieving a delicate equilibrium between safeguarding individuals' privacy and ensuring effective regulatory measures when it comes to the development of the digital yuan.
China Central Bank Official: Digital Yuan Should Have 'Controllable Anonymity'
China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
Nigeria's Yellow Card exchange believes that the recent lifting of the crypto transaction ban by the Central Bank of Nigeria presents an exciting opportunity for increased legitimacy and integration with the traditional financial system. With the support of banking services, the peer-to-peer market, which once dominated during the ban, will undergo significant changes, fostering competition and innovation in the Nigerian crypto industry. Yellow Card foresees a spike in cryptocurrency usage in Nigeria by 2024, thanks to the CBN's new guidelines and the lifting of the ban, which will establish a more structured and regulated environment for crypto transactions. This move will also lead to increased competition among banks and improved transaction efficiency. Furthermore, Yellow Card believes that the CBN guidelines will promote collaboration between traditional financial institutions and the crypto sector, allowing for greater integration and cooperation between traditional finance and digital assets.
Nigeria’s Yellow Card anticipates crypto boom as central bank lifts ban
Nigerian crypto exchange Yellow Card believes the Central Bank of Nigeria’s (CBN) recent guidelines lifting the crypto transaction ban present an opportunity for more legitimacy and integration with the traditional financial system and its dealings with crypto transactions, potentially expanding its user base.
In an interview with Cointelegraph, the chief data protection officer and vice president of legal, commercial and product at Yellow Card, Lasbery Oludimu, said the peer-to-peer market — once dominant during the ban — will change with increased banking support. This shift may foster competition and innovation in the Nigerian crypto space.
Oludimu confirmed that the exchange believes cryptocurrency usage will spike in Nigeria in 2024 due to the CBN’s new guidelines and the lifting of the ban on crypto transactions. She said this directive would ensure and facilitate a more structured and regulated environment for crypto transactions.
The Yellow Card executive said the reentry of banks would introduce increased competition and enhanced transaction efficiency, which isn’t bad for the ecosystem. Oludimu emphasized that the CBN guidelines could encourage collaboration with traditional financial institutions to explore opportunities within the crypto space, paving the way for greater integration and cooperation between traditional finance and digital assets.
#CryptoNews
NULS is an adaptable blockchain platform that offers customizable networks for enterprises seeking to integrate blockchain and smart contract solutions. With its microkernel and modular nodes, NULS enables efficient network operation, offering consensus mechanisms and asset management capabilities. Additionally, NULS' ChainBox platform incorporates smart contracts and cross-chain technology, allowing developers and businesses to create decentralized applications and ecosystems. Its standout feature is the ability to facilitate cross-chain interaction, enabling data exchange and asset transfers between different blockchains without intermediaries. By leveraging the NULS token for governance, staking, and rewarding contributors, the network ensures seamless operations and continuous development. Enjoy the AMA on X on January 4th!
With the year-end deadline approaching, NFT traders are turning to tax loss harvesting to offset their capital gains on taxes by selling worthless tokens. This strategy is gaining traction, especially with the IRS's increased interest in crypto cases. However, the challenge lies in finding buyers for these worthless NFTs. To address this, projects like Harvest.Art, Unsellable NFTs, and Sol Incinerator have emerged, offering to purchase these tokens to assist traders in tax loss harvesting. These projects have different business models and fees, attracting users looking for a straightforward tax strategy. Harvest, for example, pays one gwei per NFT sold and provides bid tickets, leveraging the cyclical nature of the NFT market. While offloading NFTs incurs costs, there is a significant unrealized loss that traders can potentially reclaim. As the IRS tightens its scrutiny on crypto tax evasion, it becomes increasingly important for crypto traders to consider their tax obligations.
In a rush to be considered for a Bitcoin exchange-traded fund, Invesco Galaxy, Bitwise, WisdomTree, and Fidelity submitted their Form S-1 applications to the SEC on Dec. 29. Following the footsteps of earlier participants, Fidelity, WisdomTree, and Invesco Galaxy announced their authorized participants, with Invesco Galaxy choosing Virtu and JPMorgan, and WisdomTree and Fidelity opting for Jane Street Capital. Interestingly, WisdomTree decided to stick with in-kind share creation and redemption, defying the SEC's suggestion to switch to cash. Notably, Invesco Galaxy waived its fee for the first six months, accompanied by a waiver for the first $5 billion in assets, resulting in a price war among the competitors. On the other hand, Fidelity set its fee at 0.39%. #CryptoNews
With the U.S. Securities and Exchange Commission's deadline approaching, expectations are rising for the approval of a spot Bitcoin ETF. According to a crypto analyst, Alex Kruger, there is a Bitcoin ETF base case scenario which predicts an immediate upside move in the Bitcoin price if approved. However, Kruger also speculates that the price may drop below pre-approval levels into the launch of the ETF. In the event of approval, strong inflows are expected to continue the upward trend, while a rejection could lead to a rapid collapse in prices. Despite this uncertainty, Bitcoin has had an outstanding year, outperforming traditional assets and achieving one of the strongest Sharpe Ratios. Stay tuned for developments in January. #CryptoNews
Bitcoin ETF Base Case Scenario Presented by Analyst as Big Date Nears
Expectations are rising ahead of the Jan. 10 deadline for the U.S. Securities and Exchange Commission to decide whether to give its first blessing for a spot Bitcoin ETF.
According to a Reuters report, the SEC "may" notify issuers as soon as Tuesday or Wednesday that they have been cleared to launch spot bitcoin ETFs the following week.
Along these lines, Alex Kruger, a crypto analyst, presents what he calls a "Bitcoin ETF base case scenario," which he anticipates will happen around Jan. 8-10.
In a positive scenario wherein a Bitcoin spot ETF gains approval, Kruger predicts the Bitcoin price's immediate reaction to be an upside move, citing the rationale that this is currently 90% priced in.
Bitcoin ETF base case scenario:
#1 When: Jan/8-Jan/10
#2 Immediate reaction: up on approval (rationale: currently 90% priced-in)
#3 Follow-up: drop below pre-approval point into launch ~2 weeks later, cleaning up all late levered monkeys (rationale: market very hot now, with… pic.x.com/2e1xyr5oda— Alex Krüger (@krugermacro) December 31, 2023
As a follow-up to this, Kruger predicts that the Bitcoin price might drop below the ETH pre-approval levels (if approved) into launch nearly two weeks later. He adds that this remains speculation given that there is no official date for the launch; it might be days after approval or much later, considering how many ETFs are in the race. However, Kruger believes that sooner rather than later makes more sense.
In what might follow after the launch of a Bitcoin spot ETF, Kroger predicts strong inflows or volume to reestablish the upward trend. On the other hand, if inflows are weak, prices may fall as front-runners dump into a few bids.
In a bearish scenario where the Bitcoin spot ETF gets rejected by the SEC, Kruger predicts that prices might rapidly collapse. Either way, he urges traders to be on alert in January.
Bitcoin set to close 2023 as one of best-performing assets
Bitcoin is set to close the year as one of the top-performing assets, up more than 160% and beating all major traditional assets even in risk-adjusted terms, thanks to ETF hype.
Optimism about a spot BTC ETF began to grow after BlackRock filed, and since then, BTC has rallied from $28K to nearly $45K.
According to Kaiko, despite a fairly dull middle of the year, Bitcoin has one of the strongest Sharpe Ratios of any major asset this year, second only to semiconductor behemoth Nvidia, whose shares more than doubled from January to May on AI hype.
At the time of writing, BTC was up 1.2% in the last 24 hours to $42,620.
#CryptoNews