WuBlockchain Weekly: Bitcoin Surges Past $99,000, MEME Mania Sweeps the Crypto Market, SEC Chairman to Resign, Yao Qian Under Investigation for Alleged Virtual Currency Bribery,etc
1. Bitcoin Hits Historic High of $99,000 link Bitcoin briefly surged past $99,000, setting a new all-time high. As of the latest report, the price stands at $98,696, reflecting a 24-hour increase of 1.44%. 2. SEC Chair Gary Gensler to Step Down on January 20, 2025 link The U.S. Securities and Exchange Commission (SEC) has announced that current Chairman Gary Gensler will step down on January 20, 2025. 3. China’s CCDI Announces Dismissal of Yao Qian Over Crypto Bribery Allegations link Yao Qian, former Director of the Technology Supervision Department and former Director of the Information Center of the China Securities Regulatory Commission, has been expelled from the Communist Party of China and removed from public office due to serious disciplinary violations and illegal activities. According to a report by the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission, Yao abused his regulatory authority for personal gain, engaged in power-for-money ...