FameEX Morning Crypto News Recap | December 23, 2024

BlackRock CEO Acknowledges His Previous Skepticism About Bitcoin Was Mistaken

BlackRock CEO Larry Fink admitted his past skepticism about Bitcoin, now acknowledging it as a legitimate financial tool.

Bitcoin's Public Sentiment Drops to Its Lowest Point of the Year

Santiment reported on X that Bitcoin's public sentiment hit its lowest this year due to further cryptocurrency declines. Traders are in panic, which presents an opportunity for contrarian investors, as market trends often go against retail investors' expectations.

Former SEC Official Cautions About Potential Conflict Within SEC

John Reed Stark, former SEC official, warned of potential conflicts within the SEC following Trump’s victory. SEC Chairman Gary Gensler promoted five senior officials to secure influence after leaving office, them civil service positions that are challenging for the new administration to reverse.

120 Out of 160 Crypto Hedge Funds Face Banking Challenges

A recent survey found that 120 out of 160 crypto hedge funds faced banking issues over the past three years, including poor communication and account terminations. These funds invest in digital currencies and blockchain firms, while 20 alternative investors surveyed reported no similar problems with banking services.

Google Updates 2025 Advertising Policy: UK Crypto Ads Must Be Registered

Starting January 15, 2025, Google will update its advertising policy, requiring digital asset exchanges and wallet ads in the UK to be registered with the Financial Conduct Authority. Only registered cryptocurrency exchanges and software wallet providers will be eligible to advertise under the new regulations.

German Parliament Approves Financial Market Digitalization Act to Implement MiCAR Legislation

The German Parliament passed the Financial Market Digitalization Act this week, addressing industry concerns and ensuring regulatory frameworks are established before MiCAR regulations fully take effect on December 30.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.