This is a weekly roundup of the most important cryptocurrency news from Cryptonews.com, followed by a collection of 20 hand-picked cryptocurrency jokes.
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This Week in Crypto: The Countdown to Bitcoin ETFs Has Already Begun, Representatives of At Least Seven Companies Looking to Launch ETFs Meet with SEC Officials Market Haven Says Demand for Spot Bitcoin ETFs Has Been Huge, Hitting $3 Billion . the first few days, and VanEck called Bitcoin one of the company's "blockbuster buys" for 2024.
As it happens, Solana and Avalanche ascend to the throne in 2023, prices rise 620% and 290%, Taproot Wizards shareholder Ordinals triggers a rejection scenario, and Robinhood's crypto revenues hit a three-year low despite they expanded. their crypto activity. Operations.
Vitalik Buterin blamed Web3's move away from decentralization for high transaction fees and proposed three alternative ways to simplify the design of proof-of-stake on Ethereum.
China then launched the first automated machine to open digital yuan wallets for foreign passport holders, and Hong Kong prepared to allow funds to have direct access to digital assets, including cryptocurrency ETFs.
On the tax front, while the Japanese government scrapped a cryptocurrency tax on unrealized corporate profits, Argentina's newly elected government introduced a new bill to regulate taxpayers' cryptocurrency holdings.
Meanwhile, Surfshark found that nine of the 15 most popular cryptocurrency apps were collecting data to track their users, and privacy advocate Ledger Live said it was tracking users of its wallet app. Speaking of privacy, OKX will be removing eight privacy-focused coins in January.
Crime has continued and will continue. South Korean police have uncovered a $32 million cryptocurrency fraud ring, and Immunefi has revealed that Web3 could see its biggest losses ever as cryptocurrency prices soar in 2024.
Moving into the legal realm of the cryptocurrency world, Mt.Gox's creditors said they began receiving compensation in Japanese yen through PayPal, but quickly doubled payments as the custodian demanded a second payment.
Changpeng Zhao's fortune increased by $25 billion in 2023 despite numerous legal troubles, and the 23-year-old student emerged as the majority owner of a Bitcoin mining farm embroiled in legal battles. China's Supreme People's Procuratorate has released details of the 7-year prison sentence given to RenrenBit founder Zhao Dong.
That's not all. The US Bankruptcy Court approved Celsius Network's proposed "MiningCo transaction", FTX's debtors published the estimated value of their cryptocurrency claims, and FTX and its debtors entered into a settlement agreement with SBF to resolve claims related to the Embeda acquisition.
Meanwhile, Rejuve uses artificial intelligence and coding to improve people's health and longevity, and Sotheby's has made "approximately $35 million" in digital art sales in 2023, calling it "one of the most exciting years for digital art."
Now laugh at the jokes and happy new year!
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Um, all of them. GM.
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main. To some extent, to some extent.
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Bear connoisseurs.
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He was not affected at all and was pre-attacked.
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Take it! He has BTC I want to buy in 2010!
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"I'm so rich now!"
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It will be at least somewhat useful.
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I need 10,000 from you every month.
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...
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Oops and ughs.
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Interior view.
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Great strategy.
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This grandma is not kidding.
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And discuss.
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Yes, I don't know about these plants.
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Is this control consistent and why not?
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right
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This year is under review.
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Kill him! Kill him while he's young!
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Yes. Happy New Year everyone!