🪙 Crypto and Blockchain News (January 11, 2024):

1️⃣ SEC: The #sec has approved applications for spot Bitcoin ETFs and granted permission for listing on all registered national securities exchanges. All 11 issuers, including asset manager Grayscale, have been authorized for trading, with Grayscale obtaining approval to convert the GBTC trust into an ETF. 🛑 This event could lead to a new wave of cryptocurrency popularity and strengthen investor confidence.

2️⃣ Caixin: Around a dozen stock companies in Hong Kong are exploring the possibility of launching spot Bitcoin ETFs. Among the potential issuers are firms with Chinese capital, as well as others from Asia and Europe. 🌏

3️⃣ Wu Blockchain: In December 2023, users from #russia took the top spot in terms of visits to cryptocurrency exchanges Bybit, HTX, and MEXC. The share of Russian customers on Bybit accounted for 19% of the total, 12% on MEXC, and 11% on HTX. The latter platform is also popular among citizens of Ukraine and Kazakhstan, accounting for 7% each. 📈

4️⃣ GlobeNewswire: #mining company Phoenix Group has announced a $187 million contract with Bitcoin mining device manufacturer Bitmain. Details are not disclosed. ⛏️

5️⃣ Reuters: #ripple will allocate $285 million to buy back its shares from early investors, valuing the fintech company at $11.3 billion. According to the offer, investors can sell up to 6% of their stake. 💸

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