The Big News
5 December 2024 will go down in the history of the financial markets. For the first time, Bitcoin broke the symbolic $100,000 barrier. This figure, long seen as a fantasy or an unrealistic prophecy, now reflects a profound change. Bitcoin is no longer the marginal asset reserved for the
bitcoin
* Bitcoin is both a medium of exchange (MoE) and a store of value (SoV). * SoVs and MoEs are conceptually inseparable and have always coexisted throughout history. * Bitcoin is used for trillions of dollars worth of transactions annually. * Bitcoin is held on exchanges to facilitate trading, proving its functionality as a
ceo
* Amar Kuchinad appointed as Copper's new global CEO, replacing Dmitry Tokarev. * Kuchinad will focus on strengthening Copper's U.S. presence and leading global growth strategy. * Kuchinad previously worked at Credit Suisse, Goldman Sachs, and SEC. * Copper secured a TCSP license in Hong Kong for global expansion.
bank
* The Financial Crimes Enforcement Network (FinCEN) alleges that TD Bank failed to report suspicious activity from an unnamed customer group involved in international cryptocurrency transactions. * TD Bank processed over 2,000 transactions from "Customer Group C," misrepresenting their activity and processing over $1 billion in transactions. * Customer Group
crypto
* Over 100,000 signups for World Liberty Financial's token launch * WLFI token will be an Ethereum-based ERC-20 token and serve as the governance asset of the DeFi platform * Platform will allow users to borrow and lend crypto, create liquidity pools, and transact with stablecoins * Open to accredited investors
banking
* Deutsche Bank partners with Keyrock to boost its global services in the crypto-native market. * Keyrock will receive multi-currency accounts and foreign exchange services from Deutsche Bank. * The partnership aims to reduce counterparty and settlement risks for Keyrock. * Deutsche Bank's infrastructure will enable near-instant settlements and optimize fiat currency
ethereum
* Ethereum co-founder Vitalik Buterin proposes lowering the staking requirement for validators from 32 ETH to 1 ETH. * Lowering the staking requirement could address centralization concerns and increase participation in solo staking. * Buterin also suggests implementing "single-slot finality" to reduce Ethereum transaction finalization times to every 12 seconds. * The
bitcoin
* Bitcoin is now liquid enough to be used in a human rights context. * Bitcoin helps empower financially disenfranchised individuals. * Bitcoin Dada educates African women on investing in and using Bitcoin. * Bitcoin Dua teaches community members in Ghana about Bitcoin and job skills. * Bitcoin is a financial network of last resort
bitcoin
* Bitcoin price surges past $65,000, reaching a seven-day high of $64,300. - The increase is attributed to China's economic stimulus measures and positive market sentiment. * Over $100 million in short positions were liquidated as a result of the price jump. * Other major cryptocurrencies like ether and
bitcoin
* The U.S. Consumer Price Index (CPI) data this week could influence Bitcoin's price rise. * Positive CPI results may lead to Bitcoin price increases. * Bitcoin has dipped 2% to $62,570 after briefly touching $64,000 on Monday. * CPI is projected to rise by just 0.1% in
bitcoin
* Bitcoin (BTC) reached $64,000 in early Asian hours, leading to a market-wide jump. * Asian stocks rose, with Hang Seng index up 3% and Korea's KOSPI up 1%. * Bittensor's TAO saw a 14% increase in mid-cap tokens, driven by social sentiment and AI growth. * Memecoins, such