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🇰🇷 South Korea is experiencing a real cryptocurrency boom:
🔴 15.6 million people, or 45% of the economically active population, already own cryptocurrencies.
🔴 The number of crypto investors is growing by approximately 100 000 people every month.
🔴 Residents of the country hold digital assets worth $69 billion, with the average investor’s portfolio amounting to $4 400.
🔴 South Korea’s top 5 exchanges handle daily trading volumes of up to $10 billion, nearly catching up with the KOSDAQ stock market.
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⚒️ Despite a significant 110% increase in BTC price in 2024, only 7 out of 25 publicly traded mining companies turned a profit.
Since the launch of the Bitcoin network, miners have collectively earned over $71 billion. However, their revenues are halved every four years due to halving events, making mining an increasingly challenging business.
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🛰️ Elon Musk's SpaceX uses stablecoins to hedge against currency risks. The company accepts payments for its Starlink satellite internet service from clients in so-called "long-tail countries" and converts these payments into stablecoins.
SpaceX then converts the stablecoins back into US dollars.
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🔥 MicroStrategy has acquired 5 262 BTC for $561 million at $106 662 per Bitcoin.
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🗽 Peter Schiff, one of the most prominent critics of Bitcoin, has proposed the idea of launching a national cryptocurrency for the United States. In his view, instead of building strategic reserves in Bitcoin, the country could significantly save by creating its own digital asset, “USAcoin.”
Schiff suggested limiting the supply of USAcoin, similar to Bitcoin, but integrating an enhanced blockchain. This would provide the new cryptocurrency with high functionality, making it suitable for everyday payments.
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🇦🇪 The United Arab Emirates (UAE) holds $40 billion in Bitcoin.
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🇸🇻 President of El Salvador, Nayib Bukele, has increased daily BTC purchases, aiming to acquire an additional 20 000 BTC.
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🇫🇮 The mining company Marathon has launched its second centralized heating project in Finland. A city with a population of 67 000 is now heated exclusively using heat generated during the Bitcoin mining process.
The total number of residents benefiting from heating provided by the company’s projects has reached 80 000.
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🔥 Marathon has acquired 15 574 BTC for $1.53 billion at $98 529 per Bitcoin.
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🇸🇻 El Salvador has reached a $1.4 billion loan agreement with the IMF — Bitcoin adoption will become voluntary, and the government will reduce its involvement in BTC-related projects.
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🏡 The famous Bitcoin Family sold their $300 000 house for 100 BTC in 2017 — and today, they could buy it back for just 4 BTC (adjusted for inflation).
«If we had kept $300,000 in a bank account since 2017, we wouldn’t be able to buy the house back».
@DeCenterOrg
🇨🇳 The Chinese company Cango, specializing in automotive services, has unexpectedly become the third-largest Bitcoin miner in the world.
The company plans to spend around $400 million on purchasing Antminer S19 XPs. This will allow it to reach Marathon’s total hashrate level if the deal for an additional 18 EH/s is completed.
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📊 U.S. Bitcoin ETFs have surpassed Gold ETFs in assets under management (AUM).
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🪙 The CEO of CryptoQuant stated that MicroStrategy would only face bankruptcy if an asteroid hit the Earth, as Bitcoin has never traded below the average purchase price of long-term investors. Currently, this level stands at approximately $30 000.
With MicroStrategy's debt at $7 billion, the value of their BTC holdings is estimated at $46 billion.
Even if we consider only the value of the company's coins, liquidation would occur only if Bitcoin's price dropped to $16 500.
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🇹🇭 Bitcoin may gain legal tender status in Thailand — The country's Prime Minister has instructed the Ministry of Finance to establish a dedicated "sandbox."
Authorities are also exploring the possibility of issuing stablecoins as an alternative to printing banknotes.
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🇹🇷 A law has been passed in Turkey requiring users to provide identification data to cryptocurrency services for transactions exceeding $425.
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❄️ Tether has frozen another address holding 13 144 000 USDT on the Ethereum blockchain.
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⚛️ Today, the Cosmos Foundation sold 295 BTC ($27.7 million), which were raised during their ICO in 2017. Additionally, this year, the company sold 21 600 ETH. They still hold 96.4 BTC and 17 188 ETH worth a total of $67 million.
ATOM, the project's native token, is showing one of the worst performances. When BTC was priced at $16 000, ATOM traded at $10, but now its value has dropped to $6.8.
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✈️ Pavel Durov announced that Telegram has become profitable for the first time, with total revenue exceeding $1 billion and the company holding over $500 million in its accounts by the end of the year (excluding TON).
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🇺🇸 Donald Trump realDonaldTrump/posts/113698639577293090">has appointed former football player Bo Hines as the head of the U.S. "Crypto Council."
Previously, Trump named David Sacks, a former PayPal executive, as the "Crypto King."
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🇱🇺 Luxembourg has passed a new blockchain law that simplifies the process of issuing digital investment funds.
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🇫🇷 The second-largest bank in France, Groupe BPCE, is set to launch cryptocurrency trading services for its 35 million users.
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🇺🇿 Uzbekistan has significantly increased state fees for cryptocurrency market participants:
🔴 For exchanges: from $21 000 to $2.1 million;
🔴 For exchangers: from $5 300 to $108 300;
🔴 For custodial services: up to $201 100;
🔴 For mining pools: up to $85 100.
The regulator stated that the new fees aim to protect the market from fraudulent projects. The country has licensed two exchanges, three custodial services, and nine exchangers.
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🇧🇹 Changpeng Zhao (CZ) met with the King of Bhutan (the King is on the left).
The Bhutanese government currently holds 12 202 BTC ($1.2 billion).
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🇺🇸 Federal Reserve Chair Jerome Powell says the Fed is "not allowed to own Bitcoin."
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🪙 Never before has there been so much potential (unrealized) profit in BTC — $1.3 trillion.
On average, each BTC is now worth $68 382 more than when it was acquired.
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🇩🇪 The German financial conglomerate Deutsche Bank is creating its own L2 network based on ZKsync technology.
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🇳🇬 In Nigeria, 792 people were arrested on suspicion of participating in a large-scale cryptocurrency fraud scheme (crypto romance scam) based on social engineering and personal relationships with victims.
The arrests took place on December 10 in Lagos, where fake investment schemes were being created. Among those detained were 148 Chinese nationals, 40 Filipinos, and Nigerians who recruited victims from the United States, Canada, and Mexico. The scammers used phishing and social media to extort money through fake investment opportunities.
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⚡️ MicroStrategy has acquired 15 350 BTC for $1.5 billion at $100 386 per Bitcoin.
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🚕 A scammer posed as a requested Uber driver. Claiming that his phone had been hacked, he took passengers' phones and transferred cryptocurrency from their wallets. In total, he stole around $300 000 from two victims.
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