This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) MicroStrategy’s Bitcoin winnings reach $10B as BTC hits $80K
Michael Saylor, a Bitcoin advocate, has led the organization in the acquisition of 252,220 Bitcoin since its inception in 2020. The average acquisition cost per Bitcoin is approximately $39,200, resulting in a total investment cost of approximately $9.9 billion…[continue reading]
2) Trump administration to hire Cardano inventor Charles Hoskinson as crypto adviser
Charles Hoskinson, Cardano’s creator, hopes to work with Trump’s government to clarify crypto regulations. The crypto CEO announced his 2025 political intentions in an X livestream. Hoskinson originally backed Trump’s aide Robert F. Kennedy Jr…[continue reading]
3) Norway is considering the potential adoption of CBDCs and has expressed an openness to MiCA
The first comprehensive regulatory framework for the crypto industry, the Markets in Crypto-Assets Regulation (MiCA), is scheduled to take complete effect on December 30. In order to comply with MiCA, stablecoin issuers must maintain a minimum of 60% of their reserve assets in European banks…[continue reading]
4) 12.5 Years of Prison Sentence for the Founder of Bitcoin Fog
In connection with money laundering activities associated with darknet markets, a U.S. federal magistrate has sentenced Roman Sterlingov, the proprietor of Bitcoin Fog, to 12 and a half years in prison, according to Bloomberg…[continue reading]
5) Italy’s Economy Minister Is Reconsidering 42% Crypto Tax Plan After Party Pushback
According to reports, Italy’s economy minister expressed his willingness to reevaluate the proposed tax increase on crypto capital gains on Thursday. Legislators within his own party exerted pressure on him to abandon the initiative…[continue reading]
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