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As of Sunday 31 December 2023, here's a glimpse into the latest cryptocurrency news headlines:
- Bitcoin (BTC) and Ethereum (ETH) trade sideways with slightly downward trends, as volatility remains low across the market, possibly due to end-of-year holidays and cautious investor sentiment.
- Wall Street giants race for the first US spot Bitcoin ETF: Asset managers like BlackRock and VanEck are reportedly vying for approval from the SEC, which could be a major catalyst for mainstream adoption.
- Meta seems to be "winding down" work on NFTs for Facebook and Instagram, a decision that suggests a shift in strategy for the tech giant, which has raised questions about the future of NFTs on social media platforms.
- Compound Finance Twitter page was hacked, this has raised security concerns arise as the official Twitter account promotes a phishing website, highlighting the importance of vigilance against scams.
- An end of year analysis has revealed that Web3 hacks and scams cost $1.83 billion in 2023. This marks a decrease in the total amount lost compared to 2022, but security remains a key concern for Web3 and DeFi projects.
- Telcoin has managed to recover 70% of stolen funds, but security investigations continue.
- Privacy tokens show resilience despite OKX suspension.
Remember, the crypto landscape is highly dynamic, and news and trends can shift quickly. Stay informed, be cautious, and always conduct your own research before making any investment decisions.
Happy New Year!
