CZ Reveals Client Execs Kidnapped, Hive Increases Mining Power, Blackrock on ETH ETFs — Week in Review

Changpeng Zhao, the CEO of starring crypto speech Binance, precocious revealed that executives of a Binance lawsuit were kidnapped and shaken down for their crypto holdings. In different news, Vancouver-Based Hive Digital has accrued its mining powerfulness and Blackrock has weighed successful connected the taxable of ethereum exchange-traded funds (ETFs). This and much conscionable below, successful the latest Bitcoin.com News Week successful Review.

Binance Client Executives Kidnapped, Forced to Empty Crypto Wallets — CZ Says Total Loss Was $12.5 Million

Binance CEO Changpeng Zhao (CZ) has shared a communicative of however executives of a Binance lawsuit were abducted and forced to bare their crypto wallets. CZ elaborate however the cryptocurrency speech was capable to way the transactions and frost implicit 94% of the stolen funds.

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Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum ETFs

The world’s largest plus manager, Blackrock, has outlined wherefore the U.S. Securities and Exchange Commission (SEC) “must” o.k. spot Ethereum exchange-traded funds (ETFs). Nasdaq, which has filed with the SEC to database and commercialized shares of Blackrock’s spot ether ETF, believes that support of a spot ETH ETF would beryllium “a large triumph for the extortion of U.S. investors” successful the crypto space.

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Kevin O’Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away

Shark Tank capitalist Kevin O’Leary, aka Mr. Wonderful, has cautioned that it could instrumentality different twelvemonth and a fractional for the U.S. Securities and Exchange Commission (SEC) to o.k. a spot bitcoin exchange-traded money (ETF). He emphasized that we volition not spot a spot bitcoin ETF successful the U.S. until determination is simply a crypto speech that’s compliant with the SEC.

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Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin Miners Ahead of 2024 Halving

On Tuesday, Hive Digital, a bitcoin mining institution based successful Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive stated that this acquisition is intended to fortify the steadfast and strategically presumption it for the anticipated reward halving.

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