FameEX Morning Crypto News Recap | December 26, 2023

SEC Establishes December 29 Deadline for Updates on Spot Bitcoin ETFs

Applicants for a spot Bitcoin exchange-traded fund (ETF) face a critical deadline set by the United States Securities and Exchange Commission for December 29. Those who fail to meet this deadline risk missing out on the first round of potential spot Bitcoin ETF approvals, expected in early January, leaving them with only a few days to complete their filings.

Stablecoin Regulations: 25 Countries Implemented Legislation in 2023

The PwC Global Crypto Regulation Report 2023, released on December 19, revealed that 25 countries had established stablecoin legislation or regulations by 2023. Key countries with such legal frameworks include Austria, The Bahamas, Denmark, Estonia, Finland, France, Germany, Greece, Japan, Luxembourg, Portugal, Spain, Sweden, and Switzerland, as detailed in PwC's comprehensive analysis and regulatory assessment.

Sotheby’s Records $35 Million in Digital Art Sales for 2023

In 2023, Sotheby's, a renowned fine arts auction house, achieved nearly $35 million in digital art sales. Michael Bouhanna, the company's vice president and head of digital art, highlighted the year as "one of the most exciting years for digital art," underscoring the significant success and growth in this emerging market.

Bill Gates Believes AI Has the Potential to Create a 'More Equitable World'

Microsoft co-founder Bill Gates shared his outlook for AI in the upcoming year, expressing his belief that AI technology can contribute to creating a “more equitable world.” He emphasized that AI applications, especially in global health, should be more customized to the needs of their users, underlining the importance of tailoring AI products to those who will ultimately benefit from them.

Tim Draper Predicts Bitcoin Will Reach $250,000 Value in 2024

Venture capitalist Tim Draper reaffirmed his prediction that Bitcoin will reach $250,000, stating that this milestone could be achieved sooner than expected. He emphasized that once Bitcoin hits this target, he anticipates its value will surge even higher, going well beyond the $250,000 mark.

Bitcoin Sets New Milestones: Record Highs in Daily Transactions and Hashrate on Christmas Eve

On December 24, 2023, Bitcoin reached a new record in daily transactions, with miners confirming a remarkable 723,459 transfers in just one day. This transaction rate on Christmas Eve surpassed the previous high of 710,579 verifications, which occurred on November 19, 2023, setting a new benchmark for the cryptocurrency's activity.

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