Spot Bitcoin ETF Approval is Unlikely to Change Regulatory Environment in the US
Steve Scott and AJ Nary of digital asset custody firm BitGo believe the approval of spot bitcoin (BTC) exchange-traded fund (ETF) will be a key step forward for the industry. However, they also stated that it’s unlikely that the bigger regulatory picture will be resolved any time soon in the US. According to them, BTC is the only digital asset considered a commodity at this time, so “a spot bitcoin ETF won’t likely pave a quick path to, say, an ETF basket of crypto assets.”
INX Says Customer Data and Funds Are Secure After Recent Attack
On December 20, 2023, INX Digital Company, a security token and digital asset trading platform, learned of a cyberattack on the computer systems of a third-party vendor providing services to one of the company’s subsidiaries. A malicious actor accessed the vendor’s servers and executed unauthorized trades, resulting in a $1.6 million loss for the subsidiary. However, INX assured that the customers were not affected by the incident and that the security breach at the third-party provider did not have any impact on the platforms and servers of INX. The company also stated that no customer personal information or other data was compromised, and INX.One remains fully operational.
Bybit Web3 Partners with Manta Network
Crypto exchange Bybit has partnered with Manta Network, a privacy-preserving protocol using zero-knowledge (ZK) application ecosystems. The Bybit Wallet now supports Manta, providing a seamless experience for over 800,000 users utilizing the Web3 Wallet.
Core Scientific Still Expects to Emerge from Chapter 11 by End of January, Despite Rescheduled Hearing
Crypto miner Core Scientific announced the filing of an amended plan of reorganization and an extension of the subscription deadline for its Equity Rights Offering to January 5, 2024. The company still expects to emerge from Chapter 11 in mid-to-late January 2024.
