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Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency. 
The U.S. Securities and Exchange Commission (SEC) filed a court order requiring Ripple (XRP) to disclose its institutional investor information for the last two years. This development stems from a judge's earlier ruling that classified XRP as a security when specifically sold to institutional investors. 
A trader, known as miz, has accused the crypto exchange BingX of unjustly confiscating over $90,000 in bonuses and demanding the closure of his account. The exchange cited suspicions of high-frequency trading but declined to provide specific evidence of violations. 
Leaders within India's crypto community have largely welcomed the country's decision to block websites of international crypto exchanges, including Binance, Huobi, and KuCoin. Nischal Shetty, the CEO of Indian exchange WazirX, has labeled this step as a move “towards greater regulatory clarity and control”. 
U.S. Federal Judge Jed Rakoff has issued a decision favoring the Securities and Exchange Commission (SEC) in its legal case against Terraform Labs and its founder, Do Kwon. The ruling substantiates the SEC's claim that the company had been selling unregistered securities to investors and that Kwon's statements about potential profits were misleading. 
A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users. 
Tom Farley: The New Face of FTX?
Tom Farley, CEO of the crypto exchange Bullish, made headlines on CNBC by expressing interest in acquiring the assets and brand of FTX. This announcement has stirred curiosity about Farley's identity and his journey in the financial world. So, who exactly is Tom Farley, and how serious are his aspirations? 
The parents of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX (Joseph Bankman and Barbara Fried), are refusing to give back assets received from their son. They've requested the court to dismiss the lawsuit filed by the company, asserting their ignorance of any fraudulent activities and claiming that the exchange is unjustly trying to confiscate their property. 
David Pan, the founder of Taiwan's ACE Exchange, has been arrested under suspicion of fraud. His arrest is part of a wider operation that led to the detention of 13 other individuals and the seizure of over $6.4 million in suspected illegal funds. 
Matrixport has shifted its view on the likelihood of a Bitcoin ETF approval, now asserting that the U.S. Securities and Exchange Commission (SEC) will reject all such applications in January 2024. The company attributes this change in stance to the SEC's current political dynamics and Chairman Gary Gensler's personal opinions. 
The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia. 
Bloomberg reports that Changpeng Zhao (CZ), the ex-CEO of the crypto exchange Binance, saw his fortune grow by almost $25 billion in 2023. His financial growth surpassed that of other crypto industry billionaires, including Coinbase's CEO Brian Armstrong and the Winklevoss twins. 
Yesterday, December 21st, BlackRock, the investment company, was among those attending a meeting with the U.S. Securities and Exchange Commission (SEC). The discussion centered on the regulations for listing and trading the iShares Bitcoin Trust, a spot Bitcoin ETF. Who's Sitting Out the Bitcoin ETF Race?
The cryptocurrency market has been buzzing for months with the potential approval of spot Bitcoin ETFs. Most experts are pinning their bull market hopes on this type of regulated exchange-traded funds. It appears as though nearly every prominent financial market player has lodged applications with the U.S. Securities and Exchange Commission (SEC). However, this isn't entirely the case.