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Crypto news in 2023.12.20.

  • The price of Bitcoin was around $48,000 on December 20, 2023. The price of Ethereum was around $3,700.

  • The market capitalization of cryptocurrencies was $2.8 trillion on December 20, 2023.

  • Vitalik Buterin, the co-founder of Ethereum, transferred 500 ETH, worth about $1.08 million, to Coinbase. The transfer has led to speculation that Buterin may be selling his Ethereum holdings.

  • The Central Bank of China (PBoC) announced that it will ban financial institutions from providing services related to cryptocurrency transactions. The ban is a major setback for the cryptocurrency industry in China.

Based on the crypto news that appeared on December 20, 2023, it seems that the crypto market is still bullish, but there are some risks on the horizon. The transfer of 500 ETH by Vitalik Buterin could be a sign that he is losing confidence in the Ethereum project. The ban on cryptocurrency transactions by the PBoC is a major setback for the cryptocurrency industry in China.

Additional news:

  • The United States Securities and Exchange Commission (SEC) is investigating the sale of cryptocurrency-related investment products. The investigation is focused on whether the products are properly registered with the SEC.

  • The European Union is considering regulations for cryptocurrency exchanges. The regulations would be designed to protect investors and prevent the use of cryptocurrency for illicit purposes.

The investigations by the SEC and the European Union are a sign that regulators are taking a closer look at the cryptocurrency industry. These investigations could lead to new regulations for cryptocurrency exchanges and investment products.


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