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FameEX Morning Crypto News Recap | December 22, 2023

2023-12-22 12:20:36

Experienced Trader Peter Brandt Questions Bitcoin Halving Enthusiasm, Describing It as 'Much Ado About Nothing'

On December 21, 2023, Peter Brandt, a seasoned financial analyst and trader, reiterated his views on crypto assets, particularly the much-anticipated Bitcoin reward halving scheduled for April 2024. Brandt argues that the event is overhyped and believes it will have only a short-term effect on Bitcoin's price, challenging the widespread excitement surrounding it.

Economist Harry Dent Forecasts Severe 2024 Market Collapse, Surpassing the Great Depression

Renowned economist Harry Dent, in a Fox News interview, predicted a severe financial crash in 2024, potentially the worst in recent history. He attributes this to overvalued markets, excessive stimulus spending, and artificially inflated asset prices. Known for his often accurate, contrarian predictions, Dent's grim outlook is taken seriously in financial circles.

El Salvador Enacts Legislation Granting Citizenship to Bitcoin Investors

El Salvador's Congress has passed a new migration law, allowing foreigners to gain expedited citizenship by making Bitcoin (BTC) donations. These donations are to be used for the country's social and economic development initiatives. The law, aimed at encouraging cryptocurrency investment, is anticipated to be enacted soon, marking a significant step in El Salvador's embrace of digital currency.

Argentina's Foreign Minister States Contracts Can Be Settled Using Bitcoin

On December 21, Diana Mondino revealed on X (previously known as Twitter) that a new Argentine government decree allows for the use of Bitcoin (BTC) and other cryptocurrencies under specific conditions. This announcement, part of an economic reform and deregulation initiative, signifies a significant shift in Argentina's approach to digital currency transactions.

Ripple Significantly Releases Unlocked XRP Holdings at the Close of 2023

As 2023 draws to a close, Ripple, known for its distribution of XRP, has initiated the sale of a large portion of its unlocked XRP reserves. This action has sparked debate among the XRP community, leading to concerns regarding Ripple's ongoing dedication to the token and the potential effects on XRP's market supply and pricing.

SEC Allegedly Conducted Discussions with Applicants of Spot Bitcoin ETFs

The US Securities and Exchange Commission (SEC) is said to have conducted a unique joint conference call with applicants of spot Bitcoin ETFs, as reported by Fox Business' senior correspondent Charles Gasparino. He described this occurrence as a "rare joint conference call" and emphasized that the situation is still evolving.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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