News Summary:
The Securities and Exchange Commission (SEC) has approved the first spot bitcoin exchange-traded funds (ETFs) in the U.S., the beginning of a new era in cryptocurrency investing. Bitcoin's price rose only about 1% in the hours after the news was announced, but some analysts have predicted that spot bitcoin ETFs could push the price of bitcoin up to $200,000 by 2025.
UNCTAD noted that the global reach of private digital currencies makes national regulatory responses challenging, and that for developing countries, the introduction of cryptocurrencies must take a cautious approach. Cryptocurrencies are volatile financial assets that can pose social risks and costs, including threats to financial stability, domestic resource mobilization and the security of the monetary system, UNCTAD said.
India At the end of December 2023, the Financial Intelligence Unit (FIU), the government agency responsible for regulating financial transactions, issued a notification that a number of prominent cryptocurrency exchanges have been included in a blacklist of those operating illegally in India. Now, the repercussions are finally upon us, as Apple has taken down the apps of a total of eight cryptocurrency exchanges, including Binance, Kraken, MEXC, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex, from its India store.
The NULS on-chain inscription platform, Nulscription, and inscription project, NOLS, have been officially launched this evening at 8:00 p.m. Inscription casting, on-chain indexing, and a marketplace for trading are now available.NULS can provide a microservices layer design that facilitates the rapid creation of modules for a variety of uses by developers, offering several products such as a blockchain that is fully compatible with the EVM and Web3 API interfaces ENULS, NULS ChainBox, an extensive suite of tools for building highly customizable blockchains, and NULS SCO, a platform for the secure issuance and distribution of tokens using the POCM (Proof of Credit Mining) smart contract blockchain.
