This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.
ETF Discussions and Regulatory Updates
This week in crypto, there has been a lot of discussion surrounding ETFs and regulatory developments. Tuttle Capital Management recently filed for six new Bitcoin ETFs with the US SEC, signaling the growing interest in this investment vehicle. In addition, two issuers released details on the fees they will charge investors for the ETF.
“An ETF approval is unlikely to resolve the bigger regulatory picture in the US anytime soon.” – Steve Scott, BitGo
While some, like Glen Goodman, argue that an ETF is already fully priced in, others, including Steve Scott and AJ Nary from BitGo, believe that an ETF approval will not solve all the regulatory issues in the US.
In other news, Binance, one of the leading cryptocurrency exchanges, warned that it may delist ten prominent privacy cryptocurrencies due to increased regulatory attention. This move comes as regulatory bodies around the world are tightening their grip on the crypto industry.
Blockchain and AI in Various Industries
On a more positive note, there have been significant advancements in the adoption of blockchain and AI technologies in various industries. Visa, the global financial services company, announced a Web3-based loyalty program for its customers. This initiative aims to leverage blockchain technology to enhance customer loyalty and engagement.
Additionally, Square Enix, a renowned Japanese gaming giant, reaffirmed its plans to utilize blockchain, AI, and the metaverse in creating innovative and immersive content for consumers. This demonstrates the growing recognition of the potential of these technologies in revolutionizing the gaming industry.
Regulatory Developments and Tax Collection
Regulatory developments and tax collection have also been in the spotlight. Huobi Korea, a prominent cryptocurrency exchange, announced the shutdown of its services due to a challenging “business environment.” This highlights the increasing regulatory pressure faced by exchanges around the world.
“Russian tax authorities will start collecting taxes in digital rubles from 2025.” – Russian Tax Authority
In a significant move, the Russian tax authorities revealed their plan to collect taxes in digital rubles starting from 2025. This further emphasizes the increasing integration of cryptocurrencies into the mainstream economy.
Overall, it has been an eventful week in the crypto industry, with discussions on ETFs, regulatory developments, and the adoption of blockchain and AI technologies in various sectors.
