@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.
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.
@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.
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.
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 https://t.co/TQYAkXvh5D, 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