Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 03rd July 🚨 🔴 SEC Dismisses Spot Bitcoin ETF 🔵Kraken Digital Asset Exchange: User Data to IRS 🟠 Celsius Network: Converts altcoins into BTC or ETH - a podcast by Blockchain DXB

from 2023-07-03T05:08:46

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03rd July: Crypto & Coffee at 8 🎙️
🔴 SEC Dismisses Spot Bitcoin ETF 🔵Kraken Digital Asset Exchange: User Data to IRS 🟠 Celsius Network: Converts altcoins into BTC or ETH


🔵 U.S. Securities and Exchange Commission has dismissed the latest Spot Bitcoin ETF Applications as Inadequate What does it mean for the price of #BTC & #cryptocurrency? What is the procedure and what happens next?


🔥 The Wall Street Journal has reported SEC Says spot Bitcoin ETF filings are Inadequate. As per the article, the Regulator tells NasdaqCboe Global Markets that applications from BlackRockFidelity Investments and others aren’t clear and comprehensive. Article here https://lnkd.in/ddpYk8c4


❗ It’s important to note. A spot Bitcoin ETF does not yet exist in the U.S. because the SEC has been reluctant to approve one. And the SEC claims that the price of Bitcoin being open to manipulation is one of the main reasons.


🎙️ Check out Blockchain DXB’s crypto & coffee at 8 podcasts where we share our thoughts & opinions on this & more


🟠 Kraken Copywriter Digital Asset Exchange has been ordered by the court to disclose user data to IRS for tax compliance & is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. Official order by the United States District Court Northern District of Columbia here https://lnkd.in/d_WqWGk6


🔸 The details required are names (real or pseudonyms), birthdates, taxpayer identification numbers, addresses, phone numbers, email addresses and various other documents. Cointelegraph has reported that Kraken will be required to release blockchain addresses and transaction hashes, which are already included in the transaction data available for sharing. The exchange may also be asked to provide raw data to the IRS. Article here https://lnkd.in/dWYNUK2A
 


🚨 Celsius Network can now convert altcoins into BTC or ETH. The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin BTC or ETH


❗ What does it mean? Cointelegraph states the liquidations will pave the way for the distribution of the funds to creditors in the near future. https://lnkd.in/dQnCNhJ3
 


❌ OpenAI’s chatGPT accounts were discovered on Darknet markets! Bitcoin.com has reported that Cybersecurity researchers Group-IB have found tens of thousands of devices storing Chatgpt credentials that have been infected with info-stealing malware. The account details have ended up being sold on the dark web, they said, pointing out that the Asia-Pacific leads by a number of such offers. Article here https://lnkd.in/dAyzG7ut
 


🚨Two UAE news: (See slides)
⚡ Swiss Bank Julius Baer to expand Crypto Ambitions with Dubai License
⚡ UAE-backed biotech company trials drug designed by artificial intelligence Insilico Medicine


For slides click here: https://tinyurl.com/yc8n3hsv


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