TRM Labs report reveals a 50% decrease in #crypto hacking losses, amounting to $1.7 billion in 2023.

Factors include improved security measures, enhanced law enforcement actions, and greater industry coordination. #Cryptocurency
https://coinpedia.org/news/crypto-hacking-losses-plunge-by-nearly-50-in-2023-rm-labs-report/

#Bitcoin surpasses $44,000, driven by SEC ETF anticipation, marking an 18-month high and a 160% surge. #CryptoNews

Scott Galloway optimistic about ETF approval, seeing it as a user-friendly gateway for investors. but warns of speculation.
https://coinpedia.org/news/bitcoins-bull-run-etf-rumors-drive-surge-amid-market-moves/

#KuCoin settles with New York Attorney General, agrees to pay $22 million in fines and refunds.

Accused of illegal operations, KuCoin will exit the New York market, facing #regulatory scrutiny. #Crypto
https://coinpedia.org/news/kucoin-exits-new-york-market-pays-22-million-in-settlement/

#OKX DEX faces #hacking incident, with estimated losses exceeding $400,000 from unauthorized transactions.

OKX DEX promptly responds by removing the compromised proxy address, highlighting security concerns in decentralized exchanges #crypto
https://coinpedia.org/news/okx-dex-falls-victim-to-suspected-hacking-over-400000-estimated-loss/

#Crypto world awaits SEC decision on #BitcoinETFs, with #BlackRock's revised model targeting institutional participation.

BlackRock's proposed changes aim to simplify access for banks, addressing regulatory hurdles; SEC ruling expected by March.
https://coinpedia.org/news/blackrocks-bold-move-simplifying-banks-entry-into-bitcoin/

#Binance contests SEC allegations of unlawful securities offerings, challenging the application of the "Howey Test." #crypto

Binance argues recent settlements with #DOJ & #FINCEN don't imply SEC securities law violations. Ongoing legal battle continues.
https://coinpedia.org/news/binance-and-cz-counter-secs-howey-test-failure-in-legal-battle/

Su Zhu, co-founder of Three Arrows Capital faced Singapore court over the $1.3 billion fund collapse; arrested for non-cooperation.

Once a crypto hedge fund giant, Three Arrows collapsed in 2022, leaving a $3 billion debt. #cryptonews
https://coinpedia.org/news/three-arrows-capital-founder-faces-intense-court-scrutiny-over-collapse-and-missing-assets/

#CFTC Chairman reaffirms #cryptocurrencies as commodities, conflicting with SEC's perspective on #crypto tokens as securities.

SEC applies existing laws to crypto, emphasizing enforcement but faces challenges in clear categorization amid debates.
https://coinpedia.org/news/cftc-chairman-reiterates-cryptos-are-commodities-amid-sec-debacles/

#Cryptomarket awaits #FOMC meeting; stable rates expected despite predictions of 2024 rate cuts.

FOMC likely to maintain interest rates, causing a dip in global #crypto market cap and volume.
https://coinpedia.org/news/crypto-markets-await-fomc-meeting-will-interest-rates-rock-the-boat/

#Bitcoin rebounded to $43,000 after a Monday dip, fueled by #Fed signals suggesting interest rate cuts.

The Fed's dovish stance, with potential rate cuts, led to a surge in #cryptocurrencies and #stocks.
https://coinpedia.org/news/crypto-markets-surge-as-fed-hints-2024-rate-cuts/

#CFTC responds to #FTX collapse, mandates separation of customer and ( derivatives clearing organizations )DCO funds for #crypto protection.

CFTC enforces rules to prevent fund manipulation, but commissioners express varied concerns on implications.
https://coinpedia.org/news/ftx-disaster-spurs-cftcs-bold-action-major-announcement-on-crypto-regulations/

#Cryptomarket sees a volatile year with notable gains; #Bitcoin, #Solana surge, but face potential downturn.

Bullish predictions for #stablecoins and #NFTs, while Bitcoin's 2024 value projections range from $80,000 to $1 million.
https://coinpedia.org/news/top-10-crypto-predictions-for-2024-bitwise-analysis/

🔵#Bitcoin (BTC) surpassed $42,000 for the second time in the week.

🔵The surge was attributed to the US Federal Reserve's decision to maintain unchanged interest rates and a forecast of potential cuts in 2024.

🔵Popular altcoins like #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE) experienced notable gains.

🔵The BONK token emerged as the top gainer with a 26% jump in a 24-hour period.

🔵Aptos (APT) experienced the largest loss, with a 24-hour decrease of over 3%.

🔵The global #cryptomarket cap reached $1.60 trillion, with a 4.45% gain in the last 24 hours.

Russia's Ministry of Finance proposes allowing #cryptocurrency miners to export mined assets, aligning with gas export model.

Legislation outlines sales mechanisms, #tax estimates, and aims to bring miners within legal boundaries by 2024.
https://coinpedia.org/news/russias-ministry-of-finance-pioneers-legislation-for-cryptocurrency-exports/

#JPMorgan predicts Ethereum, boosted by the EIP-4844 upgrade, will outshine #Bitcoin and other #cryptocurrencies.

JPMorgan expresses caution on Bitcoin's potential, citing priced-in factors, and highlights #DeFi's struggle against traditional banking hurdles.
https://coinpedia.org/news/jpmorgans-bold-prediction-ethereum-to-outshine-bitcoin-in-upcoming-year/

#Bitcoin faced a sudden downturn, dropping to $40,000, but swiftly recovered, surpassing $43,000 by Wednesday. #Crypto

Despite initial losses, Bitcoin defied expectations with a rapid resurgence, rebounding and surpassing the $43,000 mark.
https://coinpedia.org/news/why-the-crypto-market-is-up-today-heres-the-major-catalysts-for-rally/

#Ripple's #XRP, trading below its $3.84 all-time high for over 2,165 days, faces SEC challenges.

SEC labeled XRP an "unregistered security" in 2020, impacting its price during the 2021 #crypto bull run.
https://coinpedia.org/news/top-lawyer-challenges-theory-on-ripple-lawsuit-impact-on-xrp-price/

SEC extends decision deadline to February 6, 2024, for Invesco Galaxy #EthereumETF, undergoing comprehensive evaluation.

Potential approval could attract new investors, enhance #Ethereum liquidity, and mark a regulatory shift in #cryptocurrencies.
https://coinpedia.org/news/sec-delays-decision-on-pioneering-invesco-galaxy-ethereum-etf-to-february-2024/

#Memecoin #BONK jumps 40% on #Coinbase listing, echoing #Doge and #Shiba's success.

Coinbase listing propels BONK's price 40%, reflecting market confidence and increased trading volume.
https://coinpedia.org/news/bonk-meme-coin-bites-back-with-40-surge-on-coinbase-listing/

Breaking News : SafeMoon has filed for Chapter 7 bankruptcy protection in the United States Bankruptcy Court for the District of Utah.

The announcement of the bankruptcy filing comes amid allegations of fraud and mismanagement that have plagued the company since its inception.

#Safemoon has filed for Chapter 7 #bankruptcy with a petition submitted to the United States Bankruptcy Court in Utah on December 14

$SMF Price fell 31% immediately following the bankruptcy filing before regaining slightly.
https://coinpedia.org/news/safemoon-files-for-chapter-7-bankruptcy-amid-allegations-of-fraud/