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PayPal to expand its PYUSD stablecoin to Arbitrum blockchain

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Publicly traded K Wave Media secures $1 billion capital capacity to buy Bitcoin

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Elon Musk says his new 'America Party' will embrace Bitcoin. "Fiat is hopeless."

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Strategy announces $4.2 billion $STRD ATM to buy more #Bitcoin

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El Salvador's Bitcoin balance is now 6,012 BTC, valued at approximately $601,183,135,777 as of January 7, 2025 🤯

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El Salvador's Bitcoin Holdings Reach 6,000 BTC Worth $570M

• Country now holds 6,000 Bitcoin valued at $570,000,000
• Latest purchase: 11 BTC on December 19, worth over $1M
• Total holdings current value: approximately $572M
• Accumulation continues despite IMF restrictions
• President Nayib Bukele leading the Bitcoin acquisition strategy

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TLDR: Terra Luna Founder Do Kwon to be extradited to the United States

• Montenegro's Justice Minister signed off on Do Kwon's extradition to US

• Supreme Court confirmed legal requirements were met for both US & SK requests

• Do Kwon was arrested in March 2023 at Podgorica Airport for fake documents

• He served 4-month sentence in Montenegro. Currently at Foreigners' Reception Center awaiting transfer

• Constitutional Court rejected his appeal

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TLDR: Terra Luna Founder Do Kwon to be extradited to the United States

• Montenegro's Justice Minister signed off on Do Kwon's extradition to US

• Supreme Court confirmed legal requirements were met for both US & SK requests

• Do Kwon was arrested in March 2023 at Podgorica Airport for fake documents

• He served 4-month sentence in Montenegro

• Currently at Foreigners' Reception Center awaiting transfer

• Constitutional Court rejected his appeal

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TLDR

• Putin signed laws legalizing crypto mining & int'l payments in Aug 2024

• Cross-border payments started Sept 2024, mining in Nov 2024

• Finance Minister confirms increased Bitcoin use for trade with non-Western allies

• US Treasury responds by blacklisting crypto firms linked to Russian transactions

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Russia Signs Laws to Use Crypto for International Trade, Evading Sanctions

• Putin signed laws legalizing crypto mining & int'l payments in Aug 2024

• Cross-border payments start Sept 2024, mining in Nov 2024

• Finance Minister confirms increased Bitcoin use for trade with non-Western allies

• US Treasury responds by blacklisting crypto firms linked to Russian transactions

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Russia Begins Using Bitcoin for International Payments to Bypass Sanctions

• Russian companies now using crypto for cross-border payments
• New laws passed in August permitting crypto in foreign trade
• Putin signed legislation recognizing digital currencies as property
• Framework includes tax exemptions for crypto mining and sales
• Official implementation starts September 1, 2024
• Russian Central Bank to oversee the process

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TLDR

• Ban period: Jan 1, 2025 - Mar 15, 2031

• Affects 10 regions incl. Dagestan, Chechnya, Donetsk, Lugansk

• Additional seasonal restrictions in 3 Siberian regions • Applies to individual miners & mining pools

• Reason: Energy shortages & power capacity issues

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TLDR:

• Ban period: Jan 1, 2025 - Mar 15, 2031

• Affects 10 regions incl. Dagestan, Chechnya, Donetsk, Lugansk

• Additional seasonal restrictions in 3 Siberian regions

• Applies to individual miners & mining pools

• Reason: Energy shortages & power capacity issues

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Russia Announces 6-Year Ban on Crypto Mining in 10 Regions

• Ban period: Jan 1, 2025 - Mar 15, 2031

• Affects 10 regions incl. Dagestan, Chechnya, Donetsk, Lugansk

• Additional seasonal restrictions in 3 Siberian regions

• Applies to individual miners & mining pools

• Reason: Energy shortages & power capacity issues

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Global Crypto Ownership Rate Below 7% in 2024

• Only 6.8% of global population owns crypto (560M+ people worldwide)

• Vietnam leads adoption at 21.19%

• US ranks high at 15.56% ownership

• Growth noted in 2023 after 2022 bear market

• Bitcoin ETF approval could expand adoption

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@SpaceMakeHQ @SpaceMakeHQ Download

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@SpaceMakeHQ @SpaceMakeHQ download

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@WatcherGuru Ugh, another day, another SEC crackdown. When will they realize crypto's here to stay? 🙄

Hoping Crypto com can work it out and keep pushing forward.

This space needs innovators, not more red tape.

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Context:

The UK is moving to legally recognize cryptocurrencies as personal property through a new bill introduced by the Law Commission.

This legislation aims to classify digital assets, including cryptocurrencies and NFTs, as a distinct category of personal property, enhancing legal certainty and protection for owners.

With this change, courts will be better equipped to handle disputes involving digital assets, addressing complexities that arise in cases like divorce settlements and fraud.

Justice Minister Heidi Alexander emphasized the importance of keeping the law aligned with technological advancements to maintain the UK's position as a global leader in the crypto sector

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Context: Michael Saylor’s bold prediction of Bitcoin reaching $13 million has sparked significant interest.

In a recent CNBC appearance, he discussed the potential catalysts for Bitcoin's next surge, emphasizing the growing acceptance of cryptocurrencies by nation-states.

Saylor believes that as institutional adoption increases, so will Bitcoin's value. His firm, MicroStrategy, has heavily invested in Bitcoin, holding over 214,000 coins, which has positioned them as a major player in the crypto market.

With upcoming regulatory changes and the anticipated halving event, the landscape for Bitcoin could shift dramatically, making Saylor's prediction more than just speculation. 👀