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

Changpeng Zhao, the CEO of main crypto alternate Binance, just lately revealed that executives of a Binance shopper have been kidnapped and shaken down for his or her crypto holdings. In different information, Vancouver-Based Hive Digital has elevated its mining energy and Blackrock has weighed in on the subject of ethereum exchange-traded funds (ETFs). This and extra slightly below, within the newest Bitcoin.com News Week in 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 narrative of how executives of a Binance shopper have been kidnapped and compelled to empty their crypto wallets. CZ detailed how the cryptocurrency alternate was in a position to monitor the transactions and freeze over 94% of the stolen funds.

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Blackrock Outlines Why SEC ‘Must’ Approve Spot Ethereum ETFs

The world’s largest asset supervisor, Blackrock, has outlined why the U.S. Securities and Exchange Commission (SEC) “should” approve spot Ethereum exchange-traded funds (ETFs). Nasdaq, which has filed with the SEC to record and commerce shares of Blackrock’s spot ether ETF, believes that approval of a spot ETH ETF could be “a serious win for the safety of U.S. buyers” within the crypto house.

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

Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has cautioned that it might take one other 12 months and a half for the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF). He emphasised that we’ll not see a spot bitcoin ETF within the U.S. till there’s a crypto alternate 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 firm primarily based in Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive said that this buy is meant to strengthen the agency and strategically place it for the anticipated reward halving.

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