Tech & Crypto Digest: This Week’s Top News Highlights
From breakthroughs in technology to major moves in the crypto space, here are this week’s leading headlines.”
All Spot Bitcoin ETF’s To be Approved in 3–6 Months
Ex-managing directors from BlackRock, the global asset management titan, are optimistic about the imminent approval of a US spot Bitcoin ETF.
At CCData’s Digital Asset Summit in London, Steven Schoenfield, a former BlackRock executive now leading MarketVector Indexes, predicted that the SEC might green-light a spot Bitcoin ETF within “three to six months.”
Judge Denies SEC’s Appeal Bid in Ripple Case
Judge Torres denied the SEC’s request for an interlocutory appeal in the Ripple legal battle, citing that it wouldn’t significantly progress the case’s resolution. The trial is scheduled for April 23, 2024, with pretrial filings due by year-end.
Parties are encouraged to meet for settlement talks before the final pretrial conference, in a case where the SEC alleges Ripple raised $1.3B through XRP sales, with a mixed ruling by Judge Torres in July.
Kevin McCarthy Removed as US House Speaker
US House of Reps Speaker Kevin McCarthy was removed from his leadership role on Tuesday, following a 216–210 vote that saw eight Republicans siding with Democrats.
No House speaker has previously been voted out in a no-confidence vote in the history of the house. After McCarthy’s removal, Crypto Friendly Rep. Patrick McHenry of North Carolina was named speaker pro tempore, a temporary position, adhering to the guidelines of the 118th Congress.
‘Satoshi Nakamoto’ Shares First Post in 5 Years
After a five-year silence, an X account believed to belong to Bitcoin’s enigmatic creator, Satoshi Nakamoto, has resurfaced.
The last communication from the Satoshi Nakamoto profile on the X app was dated October 31, 2018.
President Joe Biden Blames Elon Musk and X for Misinformation
In a ProPublica interview, President Biden discussed Elon Musk’s efforts on Twitter/X, noting shifts in technology, news sourcing, and misinformation.
The President stated that when people turn to interviews for their news, they often can’t discern if the information presented is true or not.
Bored Ape Yatch Club’s Yuga Labs Invest in Spatial Computing Start-up, Haden To Propagate it’s Otherside Metaverse
Yuga Labs, Creators of the Bored Ape Yacht Club NFT, has invested in spatial computing startup Hadean. The collaboration aims to bolster Yuga’s forthcoming Otherside metaverse.
Hadean’s tech is designed to accommodate a large influx of simultaneous players. This was evident when over 7,200 players joined Otherside’s “Second Trip” playtest in March, populating the virtual realm.
TikTok Sensation Khaby Lame Celebrated by Binance as a Top Influencer of 2023”
Forbes’ 2023 list of top social media influencers places silent humorist TikToker, Khaby Lame, at a commendable 11th spot.
Celebrating this achievement, Binance, Khaby’s crypto-affiliate, lauds him as one of the year’s paramount creators. With Binance’s backing, Khaby’s ascent underscores the dynamic fusion of entertainment and cryptocurrency in today’s digital era.
Ripple Gets Full Singapore License to Expand in Asia
Ripple has secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore.
The permit will empower Ripple to provide regulated digital asset payment services in the country, reinforcing its commitment to crypto adoption in the Asia Pacific territory.