Governance

Top tech news today: November 18, 2024

1. US scales back cryptocurrency prosecutions The Manhattan US Attorney’s office plans to reduce cryptocurrency cases, reflecting a shift in enforcement priorities amid evolving market conditions. Source: Reuters 2. Top hedge funds embrace Bitcoin ETFs Millennium, Capula, and Tudor add Bitcoin ETFs …

top-tech-news-18-november

Headline

1. US scales back cryptocurrency prosecutions The Manhattan US Attorney’s office plans to reduce cryptocurrency cases, reflecting a shift in enforcement priorities amid evolving market conditions. Source: Reuters 2. Top hedge funds embrace Bitcoin ETFs Millennium, Capula, and…

Context

The Manhattan US Attorney’s office plans to reduce cryptocurrency cases, reflecting a shift in enforcement priorities amid evolving market conditions. Millennium, Capula, and Tudor add Bitcoin ETFs to their portfolios, signaling a growing institutional acceptance of cryptocurrency investments.

Evidence

Pending intelligence enrichment.

Analysis

El Salvador’s crypto investors celebrate a Bitcoin rally driven by renewed enthusiasm following Trump’s return to the presidency. Bitcoin surges past $90,000, buoyed by optimism linked to Trump’s political resurgence and favorable market dynamics. US authorities charge Larry Harmon for laundering over $300 million in cryptocurrency through a darknet mixing service. The SEC issues guidance outlining states’ roles in cryptocurrency oversight to streamline federal and local jurisdictional responsibilities.

Key Points

  • 1. US scales back cryptocurrency prosecutions
  • 2. Top hedge funds embrace Bitcoin ETFs
  • 3. El Salvador cheers Trump-powered Bitcoin rally
  • 4. Bitcoin crosses $90K after Trump win
  • 5. Larry Harmon charged in Bitcoin laundering case

Actions

Pending intelligence enrichment.

Author

Vionna Zheng