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SEC Rejects Fidelity’s Wise Origin Bitcoin Trust spot ETF

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The United States Securities and Exchange Commission (SEC) has published an order disapproving a proposed rule change to list and trade the shares of the Fidelity Investment-backed Wise Origin Bitcoin Trust under the BZX Rule, marking another blow in the pursuit of the spot Bitcoin Exchange Traded  Fund (ETF) product in the United States. Fidelity
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Fireblocks Raises $500M, Taking Valuation to $8B

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Digital asset infrastructure provider Fireblocks said that it has raised $500 million from investors, which lifted the company’s value to $8 billion. The investment it raised from institutional investors made it one of the largest financing rounds in the cryptocurrency sector in the last few years, according to Reuters. The company also acknowledged that it
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Bears target new lows for Ethereum as Friday’s $1.1B options expiry approaches

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Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate.  On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The
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Why Putin says Russia has “competitive advantages” in crypto mining

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Vladimir Putin, the president of Russia, during a video conference held on 26th January, has told the government officials that Russia bears certain “competitive advantages” in mining cryptocurrencies such as Bitcoin. He also added the government should conduct several discussions on the matter to reach a satisfactory “consensus.” Putin offers hope to Russian crypto investors.
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Bybit donates $134M to BitDAO and integrates Arbitrum

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The news about crypto derivatives exchange Bybit was two-fold Thursday, as the company announced via Twitter its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), Tether (USDT) and USD Coin (USDC), as well as the completion of the integration of Ethereum layer-2 solution Arbitrum. BitDAO currently has one of the
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Ethereum failing to target core Web 3 issues, says NEAR co-founder

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Illia Polosukhin, the co-founder of NEAR protocol, thinks Ethereum development has a focus problem. He says engineers should be fixing crucial issues that will enable Web 3 to scale to billions of users. “We need simplicity of usage. We need easy programmability. We need composability that is natural to the applications. I don’t see the
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