DeFi Shouldn't Have to Worry About the SEC's Expanded Broker Rule
The SEC has adopted a rule that expands the definition of a broker-dealer and requires more firms to register as dealers and submit to stricter oversight.
The new rule includes institutions that capture bid-ask spreads, such as quant funds and high-frequency traders. [ more ]
SEC Says Its X Account Was Compromised to Falsely Say Bitcoin ETFs Approved
The US Securities and Exchange Commission has not yet approved spot-Bitcoin exchange traded funds (ETFs), despite a fake post on Twitter briefly raising hopes of approval.
About a dozen companies have applied to list ETFs backed by Bitcoin in the US, and the SEC has until January 10 to take action on at least one of those applications. [ more ]
First Mover Americas: Traders Are Turning to Ether
Derivatives market metrics suggest that traders are shifting their focus from bitcoin to ether, potentially indicating a future outperformance of Ethereum's native token.
IBM has released the IBM Hyper Protect Offline Signing Orchestrator (OSO), a cryptographic signing technology that enhances security for digital assets in cold storage. [ more ]
First Mover Americas: Standard Chartered Bank Thinks BTC Will Reach $100K by End of 2024
Standard Chartered Bank predicts bitcoin will reach $100,000 by end of 2024, citing approval of spot bitcoin ETFs and the upcoming Bitcoin halving as catalysts.
Digital Currency Group and Genesis Global have reached a repayment plan to settle their lawsuit, with DCG agreeing to pay another $275 million to Genesis in installments.
The Philippines SEC warns that it may block access to Binance in the country for operating without a license and promoting crypto trading to Filipinos. [ more ]
Argentina's Milei Proposes Incentives for Declaring Domestic, Foreign Crypto Holdings in Draft Bill
Argentines who declare their crypto holdings can receive a favorable tax rate and legalize the use of those assets in the country, according to a controversial draft bill by President Javier Milei.
The proposed bill includes reduced penalties for early declaration, with a tax rate of only 5% for crypto holdings declared before March 31.
The bill aims to target cash and assets held abroad by citizens through an asset regularization program. [ more ]
My 2024 tech resolutions: picking a Twitter replacement, holding out on EVs, and more
After all of the chaos that befell the tech sector in 2023from Elon Musk's militantly ignorant stewardship of the site formerly known as Twitter to the ongoing debate over whether AI poses a grave threat to humanity or just to humans' jobs2024 seems set to pick up right where we left off.