DeCenter โ€“ Blockchain and Bitcoin
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DeCenter is the #1 blockchain community in Russia with over 75 000 experts. And this is our channel for English-speaking members.

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๐Ÿฆ‘ Squid Game Season 2 features a cryptocurrency scammer.

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๐Ÿช™ Michael Saylor shared a list of 60 public companies with the largest Bitcoin reserves โ€” topping the ranking is Microstrategy with an impressive 444 262 BTC.

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 โ€” it's the new standard for business.

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๐Ÿ‡บ๐Ÿ‡ธ 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.

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โ›ฝ๏ธ 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.

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๐Ÿช™ An Ethereum whale who received 200 000 ETH ($62 000) during the 2015 ICO sold 3 370 ETH ($11.4 million) today. This year, the user has cumulatively sold 48 687 ETH ($171.8 million) at an average price of $3 528.

Currently, they hold 7 594 ETH ($25.7 million).

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๐Ÿช™ CEO of Tether stated that exchanges are not planning to delist USDT for European users at this time, with the exception of Coinbase, which supports USDC, the stablecoin by Circle.

Itโ€™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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๐Ÿ‘ป The Crypto Fear & Greed Index has reached 65 โ€” the lowest level since October 15.

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๐Ÿค– Pioneer of artificial intelligence and 2024 Nobel Prize winner in Physics Geoffrey Hinton stated that the likelihood of humanityโ€™s extinction due to AI within the next three decades is 10โ€“20%.

"I like to think of it this way: imagine yourself and a three-year-old child. Weโ€™ll be those children."

In 2023, Hinton left Google and warned about the risks associated with AI.

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๐Ÿ‡จ๐Ÿ‡ณ 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?

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๐Ÿ”ฅ MicroStrategy has acquired 2 138 BTC for $209 million at $97 837 per Bitcoin.

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๐Ÿช™ Tether adds 7629 BTC ($700M) to reserve address, bringing total holdings to $7.7B.

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๐Ÿช™ Binance has increased its stablecoin reserves to a record $31 billion โ€” compared to just $7 billion in June 2023.

This sharp growth typically indicates heightened buying activity in the market.

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๐Ÿ‡บ๐Ÿ‡ธ The President of the Federal Reserve Bank of San Francisco stated that cryptocurrencies should be considered a separate asset class:

๐Ÿ”ด 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.

๐Ÿ”ด The dollar remains stable due to the economic environment, while BTC's price is driven by demand.

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๐Ÿ‡ฎ๐Ÿ‡ณ Pumpโ€คfun has been blocked in India.

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๐Ÿ‡จ๐Ÿ‡ญ Switzerland is planning to create a Bitcoin reserve โ€” a petition is underway to urge the Central Bank to start purchasing BTC and include the asset in the countryโ€™s Constitution.

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๐Ÿ‡บ๐Ÿ‡ธ 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 havenโ€™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.

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๐Ÿ‡ธ๐Ÿ‡พ 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.

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๐Ÿ‡จ๐Ÿ‡ณ China is tightening control over cryptocurrencies: banks are required to monitor and flag all transactions involving digital assets.

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๐Ÿ‡น๐Ÿ‡ท Garanti BBVA, one of Turkey's largest banks, will begin offering cryptocurrency trading services.

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๐Ÿช™ Michael Saylor predicts a massive migration of capital into Bitcoin over the coming decades. Investors are expected to sell resources like natural gas, as well as various assets, including currencies and real estate, to invest in BTC.

Bitcoin, as a new and unique asset class, will grow faster than most traditional instruments, maintaining its momentum amid global economic shifts. Ultimately, according to Saylor, its value could reach an impressive $13 000 000.

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๐Ÿค– The total market capitalization of AI-related meme tokens has reached $11 billion today, marking a 25% increase in the past 24 hours.

The list includes tokens that utilize AI agents, are created using AI tools, or are based on AI technologies and trends.

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