Worldsfeed Tech Desk: “In 2023, BlackRock files for a crypto ETF, Elon Musk dismisses threats, and global shifts see China, Russia, and BlackRock redefining financial dynamics. Binance CEO resigns, SEC actions evolve, and El Salvador pioneers tax-free crypto policies, encapsulating a year of impactful changes in the crypto landscape.”
What happened crypto market in 2023?
2023 Recap:
• US judge rules XRP is not a security.
• $10 trillion asset manager BlackRock officially files for a Spot #Bitcoin & Ethereum ETF.
• BlackRock CEO says crypto is digital gold and “Bitcoin is an international asset.”
• Sam Bankman-Fried found guilty on all charges.
• Elon Musk tells advertisers who are trying to blackmail him to “go fu*k yourself.”
• Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, & Latin America.
• FED Chair Jerome Powell says “crypto appears to have staying power as an asset class.”
• Changpeng Zhao (CZ) resigns as Binance CEO.
• Coinbase relists Ripple XRP.
• Chinese Yuan overtakes US dollar as most-used currency in China’s cross-border transactions for the first time in history.
• Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
• Argentina President Javier Milei plans to replace the peso with the US Dollar and shut down the central bank.
• Turkish crypto exchange CEO sentenced to 11,196 years in prison for stealing $2 billion in customer funds.
• SEC drops lawsuit against Ripple XRP executives.
• Crypto asset manager Grayscale wins lawsuit against SEC.
• Coinbase sues the SEC, seeking regulatory clarity for the crypto industry.
• El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
• Hong Kong court recognizes cryptocurrencies as property.
• Chinese property giant Evergrande files for bankruptcy.
• Terra founder Do Kwon arrested in Montenegro.
• US Government arrests SafeMoon founders John Karony, Kyle Nagy & Thomas Smith.
• BlackRock names JPMorgan as an authorized participant for its Spot Bitcoin ETF.
• UK Government plans to establish new digital asset legislation and make the country a crypto hub.
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