Author: Savannah Fortis, CoinTelegraph; Compiler: Songxue, Golden Finance
The ten news items cover a wide range: from the US presidential candidate vowing to ban central bank digital currency (CBDC) to the court ruling that XRP is not securities, to bankruptcy and ETF filings.
These articles reflect the pulse of the cryptocurrency space over the past year, providing the topics that resonate most with readers.
#1 Ron DeSantis vows to ban CBDC in the United States if elected president
U.S. presidential candidate Ron DeSantis reiterated his opposition to central bank digital currencies (CBDC) and pledged to ban them in the United States if elected.
On July 14, DeSantis announced during a speech at the Family Leadership Summit that “from day one, we will abolish central bank digital currencies.” He had previously signed a bill in Florida. bill, bans federal CBDCs and foreign CBDCs, citing concerns about power transfer.
While opponents worry about privacy threats, others see CBDC as a blockchain adoption tool. The Fed has no immediate plans to launch a digital dollar, but that could change after the 2024 election.
According to the CBDC Database, CBDC projects have proliferated globally, with more than 100 countries conducting research and more than 39 countries implementing pilots, proof-of-concepts or related initiatives.
#2 Breaking: In SEC case against Ripple, judge rules XRP is not a security
On July 13, the U.S. District Court for the Southern District of New York ruled in partial favor of Ripple Labs in the 2020 U.S. Securities and Exchange Commission (SEC) case.
#3 SVB analysis shows that more than 186 US banks are at risk of failure
Silicon Valley, March 10 Bank's (SVB) collapse prompted an analysis by economists that highlighted the vulnerability of nearly 190 U.S. banks to potential runs. Factors such as rising interest rates, large amounts of uninsured deposits, and losses in long-term assets were revealed as threats to bank stability.
About 190 banks could potentially be at risk, putting up to $300 billion of insured deposits at risk if just half of uninsured depositors decide to withdraw their money, research shows.
#4 SEC Lawsuit: 68 Cryptocurrencies Now Suited by SEC Considered securities
As a result of numerous lawsuits, the SEC expanded the classification of cryptocurrencies as securities to include at least 68 digital assets.
The lawsuits filed against Binance and Coinbase combined put 23 cryptocurrencies on the SEC’s list with a combined market capitalization of more than $100 billion. Noteworthy new additions include: BNB, SOL, ADA, MATIC, MANA.
U.S. Securities and Exchange Commission Chairman Gary Gensler commented that “everything but Bitcoin” falls under the agency’s purview. The legal review, which covers about 10% of the total market capitalization of cryptocurrencies, demonstrates the SEC’s increasing involvement in regulating the cryptocurrency space.
#5 Former Coinbase CTO makes $2 million bet on Bitcoin's performance
The bet Initiated on March 17, Srinivasan accepted a bet against anonymous Twitter user James Medlock. The odds are 40:1 on these terms.
#6 BlackRock’s Spot Bitcoin ETF Now Listed on Nasdaq Exchange Clearing Corporation – Bloomberg Analysis Division
BlackRock’s proposed iShares spot Bitcoin exchange-traded fund (ETF) has listed on the Depository Trust and Clearing Corporation (DTCC), indicating the possibility of obtaining approval from the U.S. Securities and Exchange Commission (SEC) of approval.
Bloomberg ETF analyst Eric Balchunas commented that such a listing could be part of the process before launching a crypto ETF and viewed SEC approval positively. The SEC has until January 10, 2024 to make a decision on BlackRock’s application. If approved, the door could open for other spot crypto ETFs.
#7 ChatGPT-4 How to Spend $100 in Cryptocurrency Trading
Cointelegraph Using OpenAI’s GPT -4 version of artificial intelligence (AI) ChatGPT conducted a cryptocurrency trading experiment in which $100 was allocated to various cryptocurrencies based on the insights it learned.
#8 Genesis ProjectApplying for approvalProduction
On January 18, it was reported that Genesis Global Capital, a cryptocurrency lending company under the Digital Currency Group, was preparing to File for bankruptcy.
The bankruptcy filing comes after the U.S. Securities and Exchange Commission filed charges against Genesis and cryptocurrency exchange Gemini for offering unregistered securities through the Gemini “Earn” program. Gemini co-founder Cameron Winklevoss claims Genesis owes the exchange $900 million.
Genesis faces liquidity challenges related to the collapse of Three Arrows Capital and the bankruptcy of FTX, in which Genesis held approximately $175 million.
#9 Mark Cuban lost $870,000 in hot wallet hack
In September, billionaire investor Mark Cuban reportedly lost nearly $900,000 in cryptocurrency from one of his hot wallets.
This is not the first time Cuban has suffered losses in the cryptocurrency market, having previously suffered a "Rug Pull" in June 2021.
#10 Missing “Bitcoin millionaire” and ONFO Coin co-founder found dead
ONFO cryptocurrency project co-founder Dr. John Forsyth was found dead with apparent gunshot wounds about a week after he was reported missing.
Forsyth, an emergency room doctor and cryptocurrency advocate, disappeared on May 21, causing concern among his family. His body was found on May 30, less than a mile from the hospital where he worked. Forsyth co-founded ONFO coin, a recommendation-based crypto project, in 2020 with his brother Richard.
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