Big week for crypto investors as Fidelity’s spot Bitcoin exchange-traded fund marked a significant achievement. On the other hand, the CEO of JPMorgan stirred up a controversy when he pointed fingers at Bitcoin and its “criminal” associations. Let’s find out more.
Bitcoin
Spot Bitcoin ETF by Fidelity was listed on the Depository Trust & Clearing Corporation (DTCC) website under the FBTC ticker.
Asset management behemoth BlackRock updated its S-1 filings for its spot Bitcoin ETF application with the SEC on Monday.
El Salvador president Nayib Bukele has revealed that his country’s Bitcoin investments have turned profitable as the cryptocurrency pushed above the $40,000 mark for the first time in over a year.
Ethereum
The United States Securities and Exchange Commission (SEC) has delayed its decision on approving or rejecting Grayscale’s spot Ether ETF application, pushing its decision to 2024.
In an official announcement released Monday, November 30, Societe Generale has said that it has issued its first digital green bonds on Ethereum, through its digital-asset arm SG-FORGE.
DeFi
Solana-based DeFi platform Jito has kicked off its highly anticipated airdrop, putting around $225 million worth of free tokens into the hands of Solana users across the globe.
The proposed merger between the Osmosis and Umee DEXes on the Cosmos chain has the potential to benefit the latter’s native token, ATOM.
Technology
Helium Mobile, the world’s first crypto carrier, has announced the launch of a nationwide plan in the United States, offering unlimited data, text, and calls at just $20 a month.
The Fantom Foundation, responsible for the development of the Fantom blockchain and $FTM, its native token, has announced the launch of the Sonic Labs startup accelerator program.
Business
Investment management firm VanEck has predicted crypto trends for 2024 and offered insight into potential economic and technological developments that could shape the industry in the new year.
Societe Generale’s euro stablecoin, the EUR CoinVertible, has started trading on the European cryptocurrency exchange Bitstamp.
Global financial technology firm Circle has collaborated with Nubank, a prominent digital financial platform, to expand the adoption of the US Dollar Coin (USDC) in the Brazilian market.
In a press release, Binance announced it successfully piloted the world’s first cryptocurrency triparty agreement with a third banking partner.
Opinion
Jamie Dimon's recent comments against cryptocurrencies have reignited tensions between traditional banking and the crypto industry. However, the cryptocurrency community's response, pointing to JPMorgan's history of fines and criminal settlements under Dimon's leadership, adds a layer of scrutiny to his criticisms.
Web3
Tier-1 centralized digital asset exchange Bitrue was one of the leading sponsors and participants in the 2023 Cardano Summit, which took place between Nov 2nd and 4th at Dubai's Grand Hyatt Hotel.
Security
A French court has acquitted the individuals responsible for the Platypus Finance hack, which led to a loss of $8.5 million to the Avalanche stablecoin project in February 2023.
Regulation
Montenegro’s premier justice official has privately stated that the country is planning to send fallen crypto tycoon Do Kwon to the USA instead of South Korea to face criminal charges.
Crypto exchange Binance withdrew its application for an Abu Dhabi license as the exchange reassessed its global structure amid global regulatory pressure.
At the recent Republican presidential debate in Alabama, Vivek Ramaswamy addressed concerns about his cryptocurrency policy, claiming to ‘fix’ the U.S.'s regulatory framework and bring Americans “economic freedom.”
A US district judge greenlit the plea deals agreed upon by Binance, former CEO Changpeng ‘CZ’ Zhao, and the Department of Justice.
In a recent development, 28 entities providing services related to virtual digital assets (VDAs) in India have registered with the Financial Intelligence Unit-India (FIU-IND).
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
