House Democrats won’t be forced to vote against two pro-crypto bills
A leaked email shows Democratic Party leaders “strongly oppose” two Republican-led crypto bills, but will not force House members to vote no on them. Source link
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds. Source link
It’s ‘clear’ the US government is going after Tether: Ripple CEO
Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an “interesting one to watch.” Source link
Marathon Digital misses Q1 estimates on bad weather, utility failures
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites. Source link
SEC’s Gary Gensler is getting irked being asked about crypto
SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market. Source link
Jack Dorsey’s Block is ‘DCA’ing’ into Bitcoin every month
Block co-founder Jack Dorsey told shareholders of its Bitcoin-buying plan, saying it’s an “investment in a future where economic empowerment is the norm.” Source link
More firms set to add Bitcoin to balance sheets after major rule change
Bitcoin (BTC) and crypto may soon see another mass wave of adoption by United States-based firms after a new accounting rule change that lets companies more accurately reflect the value of their crypto holdings. Cory Klippsten, the CEO of Bitcoin-only exchange Swan Bitcoin, told Cointelegraph that Bitcoin-holding companies like MicroStrategy and Tesla, which both had to…
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El Salvador unveils BTC ‘Freedom Visa’ — but it’s 10x the cost of others
El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin (BTC) or Tether (USDT) investment in the country. The Central American country’s price tag for citizenship, however, appears far more expensive than those in neighboring Caribbean countries…
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Binance founder CZ must stay in US until February sentencing, judge orders
Binance founder Changpeng “CZ” Zhao must stay in the United States until his February sentencing as he’s unlikely to return to the country if allowed to travel to the United Arab Emirates, a federal judge has ruled. On Dec. 7, Seattle District Court Judge Richard Jones ordered Zhao to stay in the U.S. until his…
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House Committee passes bill to ‘preserve U.S. leadership’ in blockchain
A United States House Committee has unanimously passed a pro-blockchain bill, which would task the U.S. commerce secretary to promote blockchain deployment and thus potentially increase the country’s use of blockchain technology. On Dec. 5, the House Committee on Energy and Commerce voted 46-0 to pass H.R. 6572, the Deploying American Blockchains Act of 2023,…
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