🇰🇷 The KRW/USD exchange rate has dropped to a 15-year low, with South Koreans actively converting Korean won (KRW) into BTC and USDT on the Upbit platform, where a 3–5% premium is observed.
@DeCenterOrg
@DeCenterOrg
🇪🇹 Over the past year, Ethiopia has invested approximately $1 billion in Bitcoin mining, with the government partnering with 25 mining companies attracted by the country’s low-cost electricity.
Notably, Bitcoin mining in Ethiopia relies exclusively on renewable energy sources, particularly the Grand Ethiopian Renaissance Dam — Africa's largest hydropower project with a capacity of 5.15 GW.
Last year, BitCluster launched a 30,000 m² data center in Ethiopia with a capacity of 120 MW, accommodating over 34,000 Antminer S21 200Th units, delivering a total hashrate of 6.8 EH/s.
@DeCenterOrg
Notably, Bitcoin mining in Ethiopia relies exclusively on renewable energy sources, particularly the Grand Ethiopian Renaissance Dam — Africa's largest hydropower project with a capacity of 5.15 GW.
Last year, BitCluster launched a 30,000 m² data center in Ethiopia with a capacity of 120 MW, accommodating over 34,000 Antminer S21 200Th units, delivering a total hashrate of 6.8 EH/s.
@DeCenterOrg
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According to Saylor, by 2025, Bitcoin will become a mandatory part of corporate portfolios, and the absence of crypto assets will seem unusual.
Bitcoin is no longer just an asset — it's the new standard for business.
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🇺🇸 The U.S. Internal Revenue Service (IRS) has approved regulations classifying DeFi services as brokers. Starting in 2027, they will be required to report all digital asset transactions.
The requirements apply only to DeFi service providers, not all decentralized applications.
@DeCenterOrg
The requirements apply only to DeFi service providers, not all decentralized applications.
@DeCenterOrg
⛽️ The mining pool Foundry USA returned 8.18 BTC (about $777 000) to a crypto enthusiast who mistakenly paid it as a transaction fee on December 19.
@DeCenterOrg
@DeCenterOrg
Currently, they hold 7 594 ETH ($25.7 million).
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It’s worth noting that banks are closely monitoring Tether's success. The company earned $2.5 billion in Q3 2024 and $7.7 billion over the past nine months. In light of these record-breaking profits, banks are planning to launch their own stablecoins for payments and other financial services.
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"I like to think of it this way: imagine yourself and a three-year-old child. We’ll be those children."
In 2023, Hinton left Google and warned about the risks associated with AI.
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🇨🇳 The People's Bank of China, in its annual report, highlighted Hong Kong's progress in exploring cryptocurrency licensing issues and paid attention to international experience in regulating digital assets.
Although cryptocurrency trading remains banned in mainland China, Hong Kong is emerging as a key platform for developing regulatory approaches to digital assets in Asia.
Could China be cautiously starting to shift its hardline stance?
@DeCenterOrg
Although cryptocurrency trading remains banned in mainland China, Hong Kong is emerging as a key platform for developing regulatory approaches to digital assets in Asia.
Could China be cautiously starting to shift its hardline stance?
@DeCenterOrg
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This sharp growth typically indicates heightened buying activity in the market.
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🇺🇸 The President of the Federal Reserve Bank of San Francisco stated that cryptocurrencies should be considered a separate asset class:
🔴 Bitcoin and other crypto assets currently do not meet the requirements to be classified as currencies. They are not competitors to the dollar but rather to gold.
🔴 The dollar remains stable due to the economic environment, while BTC's price is driven by demand.
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🇨🇭 Switzerland is planning to create a Bitcoin reserve — a petition is underway to urge the Central Bank to start purchasing BTC and include the asset in the country’s Constitution.
@DeCenterOrg
@DeCenterOrg
🇺🇸 The U.S. Internal Revenue Service (IRS) has temporarily eased crypto tax calculation rules.
Digital asset holders on centralized exchanges (CeFi) are no longer required to use the FIFO (First In, First Out) method for tax reporting if they haven’t selected a preferred method, such as HIFO (Highest In, First Out) or Spec ID.
FIFO increases tax liabilities by assuming the sale of the earliest purchased assets. This decision helps prevent potential challenges for taxpayers, especially during a bull market.
@DeCenterOrg
Digital asset holders on centralized exchanges (CeFi) are no longer required to use the FIFO (First In, First Out) method for tax reporting if they haven’t selected a preferred method, such as HIFO (Highest In, First Out) or Spec ID.
FIFO increases tax liabilities by assuming the sale of the earliest purchased assets. This decision helps prevent potential challenges for taxpayers, especially during a bull market.
@DeCenterOrg
🇸🇾 Syria is considering the creation of a digital Syrian pound on blockchain, the legalization of BTC trading and mining, and allowing businesses to use energy resources for crypto operations.
These measures aim to revive the economy, stabilize the national currency, and attract foreign investments.
@DeCenterOrg
These measures aim to revive the economy, stabilize the national currency, and attract foreign investments.
@DeCenterOrg
🇨🇳 China is tightening control over cryptocurrencies: banks are required to monitor and flag all transactions involving digital assets.
@DeCenterOrg
@DeCenterOrg
🇹🇷 Garanti BBVA, one of Turkey's largest banks, will begin offering cryptocurrency trading services.
@DeCenterOrg
@DeCenterOrg