“This is indicative of BTC’s strong rally attracting new buyers while also motivating profit-taking by sellers, leading prices to consolidate on elevated trading volume.”
"Spot Bitcoin ETF ‘nailed on’ for 2024: K33 report
The approval of a spot Bitcoin exchange-traded fund (ETF) by Jan. 10, 2024, appears to be set in stone, with a new spate of ETF updates only adding further to the likelihood of an approval, say K33 research analysts.
In a Dec. 19 report, K33 head of research Anders Helseth and senior analyst Vetle Lunde said the recent round of ETF updates — with filers including BlackRock and ARK Invest now agreeing to a cash-creation setup for their funds — means that an approval is “nailed on” for January."
Additionally, the report highlighted the strength of Bitcoin
price action over the past week, with analysts noting that spot trading volumes of BTC had been substantially higher than in previous months.
According to reports, FTX and FTX Digital Markets have agreed to work together by pooling their assets and using a unified approach to value customer claims. This will ensure that customers from the United States and the Bahamas receive equal treatment. The agreement would also allow FTX customers to choose whether to seek repayment from the U.S. bankruptcy or the Bahamian liquidators.
"FTX and Bahamas Liquidators Agree on New Bankruptcy Terms
FTX has resolved the lingering issue with liquidators on how to treat their Bahamas unit.
Both entities will pool their assets and use a unified approach to value customer claims.
Customers of FTX can now choose whether to seek repayment from the U.S. bankruptcy or the Bahamian liquidation."
Bankrupt cryptocurrency exchange FTX has resolved the lingering issue with liquidators on how to treat their Bahamas unit. The bankrupt company recently settled on how to repay customers from their Bahamas unit.
In a recent development, Senator Elizabeth Warren has expressed strong opposition to lobbying groups’ efforts to influence the U.S. Congress on cryptocurrency regulations. The lobbying groups in question—Blockchain Association, Coin Center, and Coinbase—have been advocating for considerations in Congress
"Senator Elizabeth Warren Clashes With Crypto Advocacy Groups
Senator Elizabeth Warren opposes lobbying by Blockchain Association, Coin Center, and Coinbase on cryptocurrency regulations
Pierre Rochard from Riot Platforms defends Bitcoin proponents, framing Warren’s stance as an attack on the First Amendment.
Jerry Brito responds to Warren’s letter, calling it an “impertinent letter” and a “bullying publicity stunt.”"
“Earlier this month, we identified and reported a critical Remote Code Execution (RCE) vulnerability in the OKX iOS App, leading to potential compromise of sensitive data and crypto assets,” the post stated.
"CertiK Issue Warning to Crypto Investors with an iPhone
Web3 security firm CertiK has issued a warning to investors with iPhones on the crypto exchange OKX after identifying a malicious vulnerability.
“We urge users of OKX wallets to update their iOS app to the latest version immediately,” the statement noted."
TOTALCAP Hovers Above Support
The cryptocurrency market cap has increased alongside an ascending support trend line since October. The upward movement led to a high of $1.63 trillion on December 9.
However, the price fell sharply afterward, accelerating its decrease on December 11.
"Why Is the Crypto Market Up Today?
FTX Trading Ltd announced a settlement with its Bahamas subsidiary FTX Digital Markets.
Marathon Digital is expanding, acquiring two new Bitcoin mining sites for $178 million."
One of the primary priorities Google named was to help users identify AI-generated content. Earlier this year, it was among the first Big Tech companies developing AI to mandate AI disclosures in political campaign ads.
"Google to limit answers to election queries on Bard AI tool and generative search
Google released a blog post on Dec 19. which explained its plans to implement restrictions on certain election-related queries its artificial intelligence (AI) bot Bard and its Search Generative Experience (SGE) can answer.
It said this restriction will be enforced by early 2024, in the run up to the upcoming Presidential election in the United States.
The post pointed out that 2024 will see many other important elections around the globe alongside the U.S. Presidential election."