🌙 Vivek Ramaswamy Unveils Crypto Policy

Ramaswamy also claimed that he would provide a “safe harbor” exemption for new cryptocurrencies if elected president.

Author

Mike Gavela
November 16, 2023

Crypto Roundup - Nov 16

U.S. Presidential candidate Vivek Ramaswamy unveiled a crypto policy advocating for developer immunity in the usage of smart contract code and criticizing sanctions against crypto mixers like Tornado Cash, emphasizing First Amendment protections. This announcement coincided with significant market volatility, where Bitcoin's price drop to under $36,000 led to the liquidation of $340 million in leveraged positions, reflecting the market's sensitivity to rapid shifts. In parallel, BlackRock, the world's largest asset manager, filed for a spot Ether ETF, marking a significant move towards mainstream cryptocurrency adoption and potentially opening doors for institutional investment. These developments underscore the evolving intersection of policy, market dynamics, and institutional interest in the cryptocurrency landscape.

Top Stories:

  • Ramaswamy Proposes Crypto Framework: Vivek Ramaswamy, a U.S. Presidential candidate, unveils a crypto policy advocating for developers' immunity from liability for code usage and criticizing sanctions against crypto mixers.

  • Significant Bitcoin Market Liquidation: Bitcoin's price dip under $36,000 resulted in $340 million worth of liquidations in leveraged positions, highlighting the market's volatility and sensitivity to price movements.

  • BlackRock Files for Ether ETF: BlackRock submitted a filing for a spot Ether ETF, potentially signaling a significant step towards mainstream crypto adoption and institutional investor involvement.

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TOP STORIES

Vivek Ramaswamy unveils crypto policy platform criticizing mixer sanctions

Ramaswamy also claimed that he would provide a “safe harbor” exemption for new cryptocurrencies if elected president.

cointelegraph.com/news/vivek-ramaswamy-unveils-cryptocurrency-policy-platform-criticizing-mixer-sanctions

Bitcoin Dips 5% to Under $36K as Crypto Rally Runs Into Wall, Liquidating $340M in 2 Days

The SEC delaying a decision about spot BTC ETFs could leave the market without a catalyst until early January, K33 analysts said this week.

www.coindesk.com/markets/2023/11/16/bitcoin-dips-5-to-under-36k-as-crypto-rally-runs-into-wall-liquidating-340m-in-2-days

BlackRock Submits Filing to List Spot Ether ETF - The Defiant

BlackRock filed to list a spot Ether exchange-traded fund with the U.S. Securities and Exchange Commission. The iShares Ethereum Trust is designed to reflect the performance of the price of Ether.

thedefiant.io/blackrock-submits-filing-to-list-spot-ether-etf

FUNDRAISES

Reddit meme-inspired Taproot Wizards raises $7.5M | TechCrunch

Taproot Wizards, a Bitcoin-focused Ordinals project, is trying to change the way the blockchain is perceived.

techcrunch.com/2023/11/16/taproot-wizards-bitcoin-ordinals

Bazooka Tango Raises $5 Million to Revive 'Shardbound' as NFT Game - Decrypt

Game studio Bazooka Tango will use the funds to hire staff and bring the Immutable zkEVM game Shardbound closer to completion.

decrypt.co/206135/bazooka-tango-raises-5-million-revive-shardbound-nft-game

OTHER HEADLINES

Tether plans major expansion into BTC mining with $500M investment: Report

Stablecoin firm Tether is planning to open Bitcoin mining facilities in South America as part of its expansion under new CEO Paolo Ardoino.

cointelegraph.com/news/tether-plans-major-expansion-btc-bitcoin-cryptocurrency-mining-500-m-investment-report

ENS Challenges Unstoppable Domains to Open its Blockchain Domain Name Patents - The Defiant

Nick Johnson of Ethereum Name Service and Matthew Gould of Unstoppable Domains engaged in a heated debate over the patenting of blockchain domain names.

thedefiant.io/ens-challenges-unstoppable-domains-to-open-its-blockchain-domain-name-patents

Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’

Aave Companies rebrands to Avara and acquires Ethereum self-custody wallet Family Wallet as it looks to broaden its Web3 offerings and attract more users.

cointelegraph.com/news/aave-rebrands-to-avara-acquires-ethereum-self-custody-wallet-family

CoinShares tees up potential buy of Valkyrie’s crypto ETF wing

The agreement with Valkyrie gives CoinShares the opportunity to expand its influence in the US digital asset market.

blockworks.co/news/coinshares-potential-buy-valkyrie

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