Argentina Settles Contracts with Cryptocurrency, SEC Demands Cash to Create BTC ETF

Headlines

▌Argentina’s Foreign Minister Says Allowing Contracts to Be Settled in Bitcoin or Cryptocurrencies

Argentine Foreign Minister Diana Mondino posted on the Measured milk”.

▌Source: SEC requires issuers to create spot Bitcoin ETFs with cash and remove all physical redemptions from documents Hint

Fox Business reporter Eleanor Terrett stated on the The products are all created with cash, and the SEC also requires applicants to remove any hint of physical redemption from their filings.  

Note: Cash creation means issuers must convert their Bitcoin into cash before trading ETF shares, and they cannot use Bitcoin to purchase or redeem shares.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 43,861.4 US dollars, with fluctuations during the day. Frame+0.08%;

ETH Recent The transaction price was US$2240.7, and the intraday increase or decrease+0.37%;

BNB The recent transaction price was US$271.9, with intraday changes +0.07%;

XRP’s recent transaction price was US$0.6247, with intraday gains and losses +1.49% ;

The recent transaction price of DOGE was US$0.0951, with an intraday increase or decrease of +4.20% ;

ADA’s recent transaction price was US$0.6374, with an intraday increase or decrease of +6.73 %;

SOL’s recent transaction price was US$94.4, with intraday gains and losses+7.89%.

Policy

▌Circle notifies customers of IRS investigation into annual $20,000 transaction< /strong>

Many digital currency advocates have reported that Circle Internet Financial has contacted its clients regarding receipt of subpoenas from the Internal Revenue Service (IRS). Circle said it is obligated to submit records of U.S. taxpayers who engaged in transactions of at least $20,000 each year between 2016 and 2020. Circle has been informing its U.S. customers via email that it intends to comply with the IRS subpoena. The subpoena was issued on April 9, 2021, against Circle and its affiliated subsidiaries. According to the Circle email, the IRS is seeking data from customers who made transactions of $20,000 or more in any year between 2016 and 2020.

▌Terraform Labs and SEC agree to submit confidential documents ahead of civil trial

Responsible for overseeing the U.S. Securities and Exchange Commission (SEC) The federal judge in the civil case against Terraform Labs signed a protective order keeping the material confidential until trial. In documents filed with the U.S. District Court for the Southern District of New York, Judge Jed Rakoff said the SEC and Terraform Labs have agreed to court-approved terms that require the parties to refrain from disclosing material marked confidential in most circumstances.  

In February, the SEC accused Terraform Labs and its co-founder Do Kwon of “planning a multi-billion dollar crypto asset securities fraud.” Kwon is currently detained in Montenegro, awaiting extradition to the United States or South Korea.

▌U.S. SEC Chairman: There are many violations in the encryption field

U.S. SEC Chairman Gary Gensler said on his X account that there are many violations in the encryption field. When so many users are harmed and all they can do is line up in bankruptcy court, this will weaken market confidence. Furthermore, this may make it difficult for honest players to compete.

Blockchain Application

▌Zeal releases smart wallet public beta

Zeal announced the launch of the public beta version of Zeal smart wallet. Users can quickly create wallets, recharge for free, and do not need to worry about transaction fees. Built using Gnosis Safe, the wallet utilizes biometrics and on-chain verification keys to protect user assets.

▌Astria announces Astria Rollup as a Service (RaaS)

Shared Sequencer Astria Networks has announced the launch of Astria Rollup as a Service (RaaS), allowing developers to deploy codeless rollup to a shared sequencer network. It is reported that Rollup deployed using Astria RaaS uses a shared sequencer network for block production, so they are decentralized by default, inheriting Astria’s censorship-resistant fast confirmation, and the high-throughput data availability provided by Celestia.

▌Jack Dorsey-backed Bitcoin mining pool OCEAN releases the latest version

OCEAN, a new Bitcoin mining pool backed by Jack Dorsey and spearheaded by long-time Bitcoin Core developer Luke Dashjr, has released the latest version of its innovative mining pool. The launch of OCEAN is called the "road to decentralization" and provides miners with a choice of block template strategies. Features offered by OCEAN include: a permissionless onramp where miners can mine simply using their Bitcoin address; a non-custodial system without a middleman; and complete transparency of block templates so miners can see their hashes before mining. rate, which contrasts with the opaque block designs of existing mining pools, where miners cannot see transactions until their work is completed.

Cryptocurrency

▌Grayscale CEO: If awarded The batch is listed as a spot ETF, and the GBTC stock symbol will remain unchanged

Grayscale CEO Michael Sonnenshein said in an interview with Fox Business that if the Grayscale Bitcoin Trust (GBTC) is approved as a spot The ETF is listed and GBTC’s stock code will remain unchanged.

▌Algorand Foundation CEO: Asset tokenization can become a key driver of crypto growth< /strong>

Algorand Foundation CEO Staci Warden said that asset tokenization can become a key driver of cryptocurrency growth. "Some protocols have exited the market, but I think the ones that are still running, they have a good sense of product-market fit and are working hard to pursue real use cases," he said.  

Many protocols and companies are taking the time to be regulated and working to connect the real world and the cryptocurrency world. “I don’t like the expression ‘real world’ because I think cryptocurrencies are part of the real world, but I think we’re seeing more and more participation there,” Warden said, citing one of the biggest avenues for real-world use cases. One is to tokenize assets and areas that are not yet tradable.

▌Bloomberg Analyst: SEC Tells Spot Bitcoin ETF Issuers “either cash to create or wait”

Bloomberg analyst Eric Balchunas corrected FOX Buesiness’ report on Platform Not one big conference call, but multiple meetings with exchanges/issuers telling them “either cash creation or wait,” but all signs point to January approval still being a possibility.

▌ATM company RockItCoin Charity RMHC-CNI donates Bitcoin

Bitcoin ATM company RockItCoin announced that it has donated Bitcoin to Ronald McDonald House Charities of Chicago and Northwest Indiana (RMHC-CNI), further Deliver on its commitment to supporting local communities. This donation marks an important milestone, and RockItCoin also becomes the first company to donate cryptocurrency to RMHC-CNI.

▌Survey Report: New hires at crypto companies are three times more likely to receive equity than tokens

The cryptocurrency space is growing, according to a new survey from venture capital firms Variant and Union Square Ventures of new employees are more likely to receive equity incentives rather than tokens. According to opinions gathered from talking to employees at 32 web3 startups, new employees are three times more likely to receive equity than tokens. Respondents said the bear market has not affected hiring plans, that engineers dominate the workforce and are better compensated than their peers, and that the company's workforce is increasingly geographically diverse.

Important economic news

▌Bank of Communications announced a reduction in RMB deposit interest rates, ICBC and Agricultural Bank of China have taken action

On December 22, the official website of the Bank of Communications showed that the bank lowered the interest rates on RMB deposits on December 22, among which the three-month, half-year and one-year interest rates for fixed-term lump sum deposits were all The one-year interest rate was reduced by 10 basis points to 1.45%; the two-year interest rate was reduced by 20 basis points to 1.65%; the three-year and five-year interest rates were both reduced by 25 basis points to 1.95% and 2.00% respectively. The interest rates for small deposits and lump sum withdrawals, lump sum deposits and lump sum withdrawals, and principal deposits and interest collections will be reduced by 10 basis points, and the listed interest rates for notice deposits will be reduced by 20 basis points. As of press time, among the six major state-owned banks, ICBC, Agricultural Bank of China and Bank of Communications have officially announced reductions in RMB deposit interest rates. (Jinshi Data APP)

Golden Encyclopedia

▌What is blockchain scalability and why is it important?

Scalability refers to the system’s ability to accommodate an increasing number of participants or transactions while maintaining its decentralized characteristics and overall performance. Scalability is important because the fundamental purpose of blockchain technology is to serve as an open, decentralized ledger. Scalable blockchain ensures that the system remains responsive and able to manage growing workloads as more users join the network and transaction processing needs increase.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.