Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • All spot Bitcoin ETFs, including those from well-known firms like VanEck, Bitwise, and Fidelity, have received approval from the SEC. SEC’s position on Bitcoin as a respectable investment choice has significantly changed.
  • Apple has removed offshore cryptocurrency exchanges including Binance, Kucoin, and OKX from its App Store following the finance ministry’s show-cause letter to nine of these virtual digital asset (VDA) service providers.
  • The $285M stake that Ripple Labs intends to repurchase from its early investors is announced. For the buyback, Ripple will incorporate the Tender Offer program and set aside $500 million to pay taxes and the costs of converting restricted stock units into shares.
  • Phoenix Group PLC, a blockchain mining company, has effectively purchased mining equipment from Bitmain Development PTI Limited, worth at $187M.
  • A German court has sentenced the founders of the well-known OneCoin cryptocurrency scam to several years in prison. A German court sentenced important conspirators associated with the OneCoin cryptocurrency scam.
  • For its cryptocurrency card, AlchemyPay, a Singapore-based crypto payment gateway, has added new Bank Identification Numbers (BINs). Users in Hong Kong will be able to use the feature.
  • On January 10, there was a temporary hack of the X (formerly Twitter) account and terminal of cryptocurrency data aggregator CoinGecko. “We’re taking immediate steps to investigate the situation and secure our accounts,” as stated by CoinGecko.
  • LDA Capital has invested $20M in Web3 music platform Tune.FM to assist musicians in obtaining a larger portion of the royalties from their work. Tune.FM gives musicians a platform to accept micropayments for streaming in its native JAM token.
  • BlockGuard and Pixelette join forces to form a DeFi alliance. CEO of Pixelette, Asif Ashiq Rana, has joined BlockGuard as an advisor, contributing his blockchain and AI experience. 
  • Ahead of the sentencing hearing, there is interest in Sam Bankman Fried’s decision to change legal representation. Mukasey Young LLP assumes control, casting doubt on SBF’s approach to the trial.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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