Why Major Tech Companies Like Amazon Might Be Reluctant to Embrace Bitcoin
Tech giants like Amazon, holding $87 billion in cash reserves, face the challenge of inflation eroding purchasing power. A shareholder proposal from the National Center for Public Policy Research (NCPPR) urges Amazon to consider adopting Bitcoin as a treasury asset, presenting it as a hedge against inflation. The proposal argues traditional measures of inflation, like […]
Solana Surpasses Ethereum’s 8-Year Dominance as Leading Ecosystem for New Developers
In a significant shift within the blockchain space, Solana has overtaken Ethereum as the leading ecosystem for attracting new developers, breaking Ethereum’s eight-year dominance. While Ethereum remains the global leader in overall developer activity, this development marks a major milestone for Solana. Solana’s Rapid Growth in Developer Interest According to a December 12 report by […]
Binance Records $24 Billion in Inflows from 250M Users in 2024
Global cryptocurrency platform Binance has amassed over $24 billion in user deposits throughout 2024, according to data compiled by DefiLlama. In a recent update, Binance highlighted its inflows outpacing the combined total of 10 rival exchanges. The company attributed this remarkable growth to increased global interest in cryptocurrencies, fueled by regulatory breakthroughs, record-setting price movements, […]
Texas Legislator Introduces Bill to Create State Bitcoin Reserve
A member of the Texas House of Representatives has introduced a bill aimed at creating a Bitcoin reserve within the state’s treasury system. The proposed legislation, informally called the “Texas Strategic Bitcoin Reserve Act,” was filed by Representative Giovanni Capriglione on Dec. 12. The bill suggests that Bitcoin be held as a reserve asset by […]
Coinbase Plans to Remove Tether’s USDT Stablecoin from European Markets
As the enforcement deadline for European crypto regulations approaches, exchanges across the region are preparing to delist stablecoins that fail to meet compliance standards. Coinbase’s European branches—Coinbase Europe, Coinbase Germany, and Coinbase Custody International—are set to remove Tether’s USDT and five other stablecoins from their platforms on December 13. The announcement was made by Coinbase […]
Bitcoin ETF Promotions Appear on China’s Alipay Platform
Alipay, China’s leading payment platform with over 1 billion users, has reportedly displayed advertisements promoting Bitcoin and cryptocurrency investments to users in mainland China. According to a report by local news outlet Sina Finance on Dec. 12, mainland users noticed ads for spot Bitcoin exchange-traded funds (ETFs) on their Alipay homepage. The promotional content highlighted […]
MicroStrategy Poised to Enter Nasdaq 100, Says Bloomberg Intelligence
MicroStrategy (MSTR) is anticipated to secure a spot in the Nasdaq 100 index on December 23, with an official announcement expected this week, according to Bloomberg Intelligence analyst Eric Balchunas in a post shared on the X platform. This inclusion would position MicroStrategy—a software company turned Bitcoin-focused investment powerhouse—among the top 100 largest companies listed […]
Bitcoin Surges Back to $100,000 as Positive CPI Data Sparks Rally
Bitcoin returned to the six-figure milestone on Dec. 11, following a boost from encouraging U.S. macroeconomic data that ignited a market resurgence. Traders Set Higher Targets as Bitcoin Hits $100K According to data from TradingView, BTC/USD surged nearly 4% during the day. Despite a rocky start after the daily close, Bitcoin managed to reclaim the […]
Eric Trump Forecasts Bitcoin to Reach $1 Million, Highlights Its Limited Supply
Eric Trump, businessman and executive vice president of the Trump Organization, made a bold prediction at the Bitcoin MENA event in Abu Dhabi on Dec. 10, stating that Bitcoin could one day reach a value of $1 million per coin. During his keynote address, Trump described Bitcoin as a groundbreaking “financial paradigm” and a transformative […]
Microsoft shareholders vote ‘no’ on Bitcoin reserve
During its annual meeting on Dec. 10, Microsoft shareholders voted down a proposal to allocate a portion of the company’s balance sheet to Bitcoin. The resolution was introduced by the National Center for Public Policy Research (NCPPR), a Washington, D.C.-based pro-market think tank, which framed the move as a way to enhance shareholder value through […]