 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | |  | BITCOIN'S DOMINANCE | | |
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All data as of: 8 Jan 2024 10 AM UTC |
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 | TOP GAINERS | 24H% | | | | | | | | |
|  | TOP LOSERS | 24H% | | | | | | | | |
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Solana saw an outstanding resurgence starting in the last quarter of 2023, as activity surged and new users flocked to the ecosystem. However, the network was hit with its first rugpull of the new year as MangoFarmSOL turned out to be a drainer. Of course, when a former NFL player is shilling the project, it might be wise to do more research before committing your SOL. On a brighter note, you can now officially report your taxes in BTC! That is if you are in Próspera, a special economic zone in Honduras. Meanwhile, asset manager VanEck pledges 5% of profits from its potentially-approved BTC ETF to Bitcoin developers — talk about being in it for the long-term! All of this leading up to the spot Bitcoin ETF applicants' submission of the final amendments for their filings. A huge week is shaping up 👀 Today's top stories: |
- Próspera Special Economic Zone in Honduras adopts Bitcoin as a unit of account 💰
- VanEck pledges 5% of potential profits from a Bitcoin ETF to support Brink 🤝
- U.S. spot Bitcoin ETFs anticipate final approval as applicants file amended filings 📄
- Crypto payment platform CoinsPaid suffers second security breach 💸
- Solana-based MangoFarmSOL disappears, protocol drained users' funds 🚫
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Próspera Special Economic Zone in Honduras Adopts Bitcoin as Unit of Account |
Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin (BTC) as a unit of account, allowing businesses and individuals to measure the value of goods and services in BTC. Jorge Colindres, the acting manager and tax commissioner of Próspera ZEDE, highlighted the move's aim to provide more financial freedom to those in the region. However, there are technological limitations and external regulatory issues hindering the immediate implementation of the 'Final BTC Tax Payment Procedure.' What challenges does Próspera face, and how could this recognition impact the local economy? Click here to read more. |
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Bitcoin ETF Applicant VanEck Promises 5% of Potential ETF Profits to Bitcoin Core Developers |
In a unique move, investment firm VanEck has committed to donating 5% of potential profits from its pending spot Bitcoin exchange-traded fund (ETF) to Bitcoin core developers at Brink. The firm, anticipating a long-term commitment to the crypto space, plans to support Bitcoin developers for at least a decade using proceeds from the potential ETF. What impact could this pledge have on Bitcoin's development, and how might it shape the future of crypto investments? Click here to learn more. |
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Spot Bitcoin ETF Applicants Filed Final Amended 19b-4 Filings |
As the U.S. Securities and Exchange Commission (SEC) inches closer to a decision on spot Bitcoin exchange-traded funds (ETFs), amended filings from major issuers like BlackRock, Grayscale, and Fidelity hint at a potential approval. Speculation around a January 5 decision turned out to be rumors, but anticipation remains high for an announcement before Ark Invest & 21 Shares' January 10 deadline. Could this be a turning point for the crypto market? Find out more about the latest developments in the quest for the first U.S. spot Bitcoin ETF by clicking here. |
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| | Kick off your week with essential insights into the crypto market. CMC's Research Lead, Alice, will be sharing key highlights to keep an eye on. |
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Crypto Payments Platform CoinsPaid Exploited for $7.5M |
CoinsPaid, a prominent crypto payment gateway, faces its second security breach in six months, with nearly $7.5 million in unauthorized transactions reported by Web3 security firm Cyvers. The attacker made off with digital assets in Tether, Ether, USD Coin, and CoinsPaid's native token CPD. Want to know more about this breach and its potential impact on the crypto space? Click here for the full details. |
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Solana Users Hit With Rugpull by MangoFarmSOL Drainer |
The Solana ecosystem faces its first rugpull in 2024 as MangoFarmSOL abruptly deactivates its social media and website amid reports of missing funds. Promising 'unparalleled yield in the $SOL space,' the farming protocol, endorsed by influencers like Antonio Brown, turned out to be a drainer, causing substantial losses for users. Is this incident indicative of broader security concerns in the Solana ecosystem? Dive into the details by clicking here. |
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And that's all for today! See you tomorrow for your regularly scheduled crypto updates. |
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