Luxury brands and businesses like Printemps, S.T. Dupont, and Virgin Voyages are now accepting Bitcoin as payment, driven by its record value of over $108,000. This shift highlights growing interest in cryptocurrency for high-end purchases despite challenges like consumer education and regulatory barriers.
WeatherlyMicrosoft shareholders overwhelmingly rejected a proposal to add Bitcoin to the company's balance sheet, with only 0.55% in support. The board expressed concerns about Bitcoin's volatility, despite acknowledging its potential as an inflation hedge.
WeatherlyEl Salvador and Argentina have signed an agreement to collaborate on cryptocurrency regulation and innovation in Latin America. The deal aims to share expertise, boost crypto growth, and strengthen the regulatory framework for digital assets in both countries.
AnaisFormer Binance CEO Changpeng “CZ” Zhao Predicts China could beat the United States of America at building a Strategic Bitcoin Reserve.
XingChiBinance has not yet decided on its new global headquarters due to complexities like tax laws and talent acquisition challenges. Legal troubles, including Changpeng Zhao's legal issues and a $4.3 billion fine, have led Binance to restructure its leadership and adopt better governance strategies.
WeatherlyBilly Markus, the founder of Dogecoin, recently shared regret about selling 37.37 bitcoins in 2015 for $424,152.54 — a decision that would now be worth over $368 million. Despite stepping away from Dogecoin in 2015, Markus reflects on its impact as a cultural icon while highlighting its true value lies in its community and shared ideals, not just market performance.
WeatherlyBitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.
WeatherlyMeitu sold its entire crypto portfolio, making nearly $80 million just before bitcoin’s surge above $100,000. The company plans to distribute 80% of the gains to shareholders and refocus on its AI-driven apps.
AnaisBitcoin surpassed $100,000 on 5 December, driven by growing optimism following Trump’s pro-crypto appointments, including Paul Atkins for SEC Chair. This milestone signals investor confidence in a crypto-friendly future under Trump’s upcoming administration, which takes office on 20 January 2025.
JoyHailey Welch's $HAWK memecoin quickly soared to a $500 million market cap before crashing by 91% within hours, sparking suspicions of insider trading and potential fraud. The controversy has led to calls for legal action, with investors questioning whether the project was a scam.
WeatherlyChina responds to concerns about cryptocurrency misuse with cold storage regulations. The government aims to curb covert financial activities and is actively involved in international collaborations. The use of blockchain for real-name identity verification and broader efforts in social media regulation reflects China's commitment to adapting to the evolving digital landscape while maintaining regulatory control.
BerniceChina intensifies its cryptocurrency crackdown, targeting Tether in forex transactions and imposing stricter legal measures.
AlexChina's crackdown on illegal cryptocurrency activities intensifies with Zhao Dong's seven-year prison sentence.
AlexChinese hackers deploy a deceptive Skype app, leading to a sophisticated phishing scam that exploits cryptocurrency users.
Hui XinHe is the most senior official to be charged for crypto-related crimes to date.
ClementChinese authorities have uncovered a large-scale cross-border online gambling case with a staggering turnover of 400 billion yuan (approximately $56 billion), revealing the prominent use of digital assets in facilitating the crime in China.
Coinlive Although this practice would imply that the Chinese government may have finally recognized the legal status of cryptocurrencies, the reality is more complex.
FinboldChina has shut down many underground cryptocurrency apps.
BitcoinistThe policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.”
CointelegraphChina has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
Cointelegraph