FameEX Morning Crypto News Recap | December 23, 2024

BlackRock CEO Confesses That His Previous Skepticism About Bitcoin Was Wrong

BlackRock CEO Larry Fink confessed his previous skepticism about Bitcoin, now recognizing it as a legitimate financial tool in the modern financial landscape.

Bitcoin Public Sentiment Reaches Its Lowest Level of the Year

Santiment shared on X that Bitcoin's public sentiment has dropped to its lowest point this year following further crypto declines. With traders in panic, contrarian investors may find opportunity, as market trends typically contradict retail investors' expectations.

Former SEC Official Warns of Internal Conflict Within SEC

Former SEC official John Reed Stark warned of possible internal conflicts at the SEC after Trump’s victory. Chairman Gary Gensler promoted five senior officials to secure influence, granting them civil service positions that would be difficult for the new administration to overturn.

120 of 160 Crypto Hedge Funds Struggle with Banking Issues

A recent survey revealed that 120 of 160 crypto hedge funds encountered banking issues over the past three years, including poor communication and account terminations. These funds focus on digital currencies and blockchain investments, while 20 alternative investors reported no similar banking difficulties during the same period.

Google Revises 2025 Advertising Policy, Requiring Registration for UK Crypto Ads

Effective January 15, 2025, Google will revise its advertising policy, mandating that digital asset exchanges and wallet ads in the UK must register with the Financial Conduct Authority. Only registered cryptocurrency exchanges and software wallet providers will be permitted to advertise under these updated regulations.

German Parliament Passes Financial Market Digitalization Act to Enforce MiCAR Regulations

This week, the German Parliament approved the Financial Market Digitalization Act, responding to industry concerns and ensuring regulatory frameworks are in place ahead of MiCAR’s full implementation on December 30.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​