Come along with us as we delve into Cointelegraph’s standout articles of 2023. From U.S. presidential candidates pledging to ban central bank digital currencies (CBDCs) to the pivotal court decision declaring XRP non-securities, and encompassing bankruptcies and ETF filings.
The Top 10 Most Popular Stories that Defined 2023
These articles serve as a pulse check for the crypto realm throughout the year, providing a snapshot of the topics that deeply resonated with our readers.
#1 Headline: Ron DeSantis Pledges to Prohibit CBDCs in the U.S. Upon Presidential Election
Ron DeSantis, a U.S. presidential candidate, has reiterated his stance against central bank digital currencies (CBDCs), committing to banning them in the United States if elected.
During his address at the Family Leadership Summit on July 14, DeSantis emphatically stated, ‘On day one, we will nix central bank digital currency. Done. Dead. Not happening in this country.’ Earlier, he had signed a bill in Florida prohibiting federal and foreign CBDCs, expressing concerns about potential shifts in power dynamics.
While some critics raise privacy concerns, others view CBDCs as a tool for advancing blockchain adoption. Currently, the U.S. Federal Reserve has no immediate plans for a digital dollar, but the landscape could evolve following the 2024 elections.
#2 Legal Milestone: Ripple Prevails as Judge Exempts XRP from Securities Classification
On July 13th, the United States District Court in the Southern District of New York delivered a partial victory to Ripple Labs in the Securities and Exchange Commission’s (SEC) case dating back to 2020.
Judge Analisa Torres ruled that XRP, trading at $0.62, is not classified as a security when traded on digital asset exchanges. However, she determined that it falls under the category of a security when sold to institutional investors. Initially, the SEC sought to restrict Ripple’s token offering, alleging its unregistered security status.
#3 Nasdaq Integration: Bloomberg Analyst Reports BlackRock’s Spot Bitcoin ETF Successfully Joins Nasdaq Trade Clearing Firm
BlackRock’s proposed iShares spot Bitcoin exchange-traded fund (ETF) has been officially listed on the Depository Trust & Clearing Corporation (DTCC), a move signaling potential approval by the United States Securities and Exchange Commission (SEC).
Bloomberg ETF analyst Eric Balchunas shared insights, suggesting that this listing may be a crucial step in the pathway toward launching a cryptocurrency ETF and viewing it optimistically for SEC approval. The SEC is set to make a decision on BlackRock’s application by January 10, 2024. A positive outcome could pave the way for the approval of other spot crypto ETFs in the market.
#4 Noteworthy Bet: Ex-Coinbase CTO Gambles $2 Million on the Success of Bitcoin
Former Coinbase CTO Balaji Srinivasan recently made a bold move, placing a $2 million bet on Bitcoin’s, currently priced at $42,726, performance. Srinivasan predicted that the cryptocurrency would reach $1 million within 90 days, attributing this surge to hyperinflation concerns in the United States.
The wager, initiated on March 17, involved a bet against pseudonymous Twitter user James Medlock. The terms were set at 40:1 odds, with Medlock risking $1 million worth of USD Coin, currently priced at $1.00, and 1 Bitcoin, if Bitcoin failed to reach $1 million by June 17. Unfortunately, Bitcoin did not meet the anticipated price within the specified timeframe.
#7 Dive into ChatGPT-4’s Crypto Adventure: How It Navigates $100 in Cryptocurrency Trading
Cointelegraph recently engaged in a crypto-trading experiment with OpenAI’s GPT-4, specifically the ChatGPT variant, allocating $100 based on the AI’s learned insights into various cryptocurrencies.
The AI’s recommended distribution of funds was as follows: $50 in Bitcoin (BTC), currently priced at $42,715, $25 in Ethereum (ETH), currently priced at $2,244, $15 in Cosmos (ATOM), currently priced at $12.01, and $10 allocated to ‘NFT and Web3-related projects.’ The AI justified its significant position in BTC by emphasizing Bitcoin’s perceived ‘safe-haven’ status amid financial instability and the potential trajectory toward $100,000.
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