Crypto Crime Cut In Half

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A few tough days for BTC HODLers, but bigger pitcure: Bitcoin and Ethereum are up 11% and 6.5%, respectively, in the last month. This week, both are in the red (avg. 5% loss). Other news includes: FASB accounting rules being created around crypto value; Crypto crime is halved in 2023 from last year; Donald Trump’s newest upcoming NFT collection; and much more. Forever keep Scrolling ⛓🖤

• Decrypt Media merges with Rug Radio to create global web3 publishing company (M)

• KuCoin to pay $22M and exit New York (M)

• Bitcoin flash crash of 5% in less than an hour (CP)

• HEX Founder Richard Heart has been served by the SEC, but not in person (CS)

• JPMorgan has reportedly tripled its internal crypto department (@BitcoinMagazine)

• FTX debtors warn $24B claim by IRS will slow customer fund return process (BW)

• SBF Legal Defense says case is ‘unwinnable’ due to behaviors and cross examination (BBG)

• LINE NEXT announces $140M funding round from Crescendo Equity Partners, the largest in Asia in 2023 (BSC)

• Animoca Brands raises 2nd tranche of funding, ~ $12M, for Mocaverse, totaling $32M (WDFI)

• Valor Capital and Hack VC back institutional crypto brokerage Nonco with $10M Seed (BW)

• Seem Social brings in $2.5M seed funding led by 1kx for web3 media application (Seam)

• Pension investments in crypto and related startups (BW)

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• New FASB accounting rules to measure crypto at fair value (WG)

• Fidelity and SEC meet to discuss BTC ETF (CT)

• KuCoin to shut down services in New York and pay $22M settlement (REUT)

• El Salvador prepares launch of a Bitcoin bond (CT)

• Grayscale registers retail-facing Bitcoin Trust Ads with the SEC (CE)

• US removes crypto AML rules from national defense bill (CT)

• Elizabeth Warren’s anti-crypto bill gains traction (TD)

• BlackRock, Franklin Templeton, and Fidelity have all met privately with the SEC about Bitcoin ETF (@thedropnft)

• HTX, Poloniex assets are ‘100% safe’ according to Justin Sun following $200M hack (CD)

• US, Japan, South Korea discuss North Korea crypto thefts (CD)

• Tether freezes 41 wallets tied to sanctions (M)

• IRS lists 4 crypto crimes in their top 2023 cases (CT)

• Here’s why crypto hacking cases are down 50% in 2023 (CPED)

• ETH competitors ADA, SOL, AVAXb surge (DH)

• FIFA is launching NFTs for World Cup tickets (MR)

• OpenSea’s major struggles against Blur (BL)

• 161 Ethereum wallets to be frozen by Tether for government sanction freezes (BLOCK)

• After a nice pump, BTC & ETH turn red for the week

• Donald Trump is releasing a 2nd NFT collection (video below)

• Blockchain.com to expand global team by 25% (BBG)

• Uniswap expands to sidechain Rootstock (M)

• Pudgy Penguins to launch Webkinz-like virtual world in 2024 (M)

• Blast protocol reaches $823M TVL despite controversy and bugs (CT)

• Reebok teams up with Futureverse to develop blockchian-based games (D)

• Hedera announces new president, Charles Adkins (@hedera)

• Michael Saylor predicts $350k Bitcoin price in 2024 (@bitcoinlfgo)

• Is BTC in a bull trap? (DH)

• Is Bitcoin really Koscher? (BM)

• Power Vacuum of the crypto industry (NYT)

• El Salvador’s renewable energy Bitcoin mining process with a volcano (@BitcoinMagazine)

• According to Google Trends, Bitcoin searches are still near all-time lows

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