Several major companies recently invested heavily in Bitcoin despite a price dip, raising questions about the cryptocurrency’s potential to reach $100k by December. These big investments across various sectors signal continued institutional interest in Bitcoin, even as market volatility persists. From software intelligence firms to educational platforms, the influx of capital into the Bitcoin market…
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South Korean Crypto-related Stocks Rise on News of Tax Delay
Crypto-related stocks rose again in South Korea after lawmakers agreed to delay the launch of crypto tax in the nation by a further two years. After weeks of bitter standoffs, the National Assembly has finally agreed to vote in favor of a government-proposed bill that will see crypto tax launch in 2027, rather than January…
Parody Of Enron Relaunch Makes Waves On Social Media
Enron, The Kenneth Lay-founded failed energy corporation, announced its plans to relaunch while hinting at decentralized technology during an apparent parody stunt that shook up social media on Monday. Decentralized Technology Mentioned By Enron Corporation Stunt According to a December 2 press release, the parody claims that the once-bankrupt organization will begin a “new chapter”…
Nike-Owned RTFKT Announces to Cease Web3 Operations
Nike-owned digital fashion and web3 studio RTFKT announced plans on December 2 to wind down operations. According to an announcement shared on RTFKT’s social media channels, its Web3 services will cease by the end of January 2025. The company cited a transition to preserving its legacy through an updated website showcasing its previous projects. RTFKT…
Jump Trading Firm Wallet Buys $500,000 of New Cat Meme Coin Catslap, CEX Listing News in 2 Days
The dynamic new cat meme coin Catslap ($SLAP) is attracting Chicago proprietary trading house whales. One firm bought nearly $500,000 of $SLAP, pushing the token price up to $0.0042 today. Trading volume in the SLAP/ETH pair has leapt back above $1.4 million in the past 24 hours, and there are now more than 10,000 holders…
Genius Group Boosts Bitcoin Holdings to 172 BTC with $1.8M Purchase
Genius Group Limited, an AI-powered, Bitcoin-first education group, announced an increase in its Bitcoin holdings on Monday. According to the press release, the company added an additional $1.8 million to its Bitcoin Treasury, bringing its total Bitcoin reserves to 172 BTC, worth $15.8 million at an average net price of $92,006 per Bitcoin. From Vision…
ECB Releases Second Progress Report on Digital Euro Project
The European Central Bank (ECB) released its second progress report on the digital euro project on Monday, detailing efforts to create a unified digital payment system for the euro area. ECB updates the digital euro rulebook following a joint review with consumers, retailers, and payment service providers. The report highlights key developments, including updates to…
Best Crypto to Buy Now December 2 – HBAR, KAIA, IOTA
The Bitcoin (BTC) market has started the first proper trading day of December on the back foot amid fears the US government might be about to dump tokens, though Bitcoin remains a strong candidate for best crypto to buy now. That’s because, in every December that followed a positive November since 2015, Bitcoin has always…
DOGE Head Vivek Ramaswamy Says ‘Drastic’ Reduction Coming To Federal Regulations
Former U.S. presidential candidate and incoming head of the newly created Department of Governmental Efficiency (DOGE), Vivek Ramaswamy, stated in a December 1 X post that the federal government’s regulatory overhead will face a ‘drastic’ reduction. Supreme Court Rulings and Federal Oversight Ramaswamy pointed to two key judicial developments as the foundation for reducing federal…
Ethereum Holders Quietly Accumulate This “Hidden” Meme Coin Before it Lists on Exchanges
Ethereum (ETH) markets are heating up, as bullish narratives grow surrounding the second largest crypto by market cap, although ETH holders are increasingly accumulating a new “hidden” meme coin before it lists on exchanges. ETH was last trading just above $3,600, per TradingView data. US Ethereum ETFs saw bigger inflows than US Bitcoin ETFs last…