abrahamla088

@abrahamla088

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Ahlgren has invested in Bitcoin since 2011. He purchased 1,366 BTC on the crypto exchange Coinbase in 2015 when Bitcoin was trading under $500. He sold about 640 BTC in October 2017 at an average market price of $5,807.53 and reinvested the $3.7 million in real estate.

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An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies.

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On Nov. 12, Kris Marszalek, the co-founder and CEO of Crypto.com, warned that the crypto market will need deleveraging before Bitcoin can breach $100,000 — nearly a month before BTC crossed the six-figure price tag for the first time.

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In crypto trading, leverage refers to the amount of borrowed funds used for trading positions.

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Dubai-based cryptocurrency trading platform BitOasis secured a new license in its home jurisdiction after being acquired by Indian crypto exchange CoinDCX.

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Crypto ATM operators in Australia are already required to register with AUSTRAC, undertake transaction monitoring and implement Know Your Customer (KYC) information checks on users.

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Two days later, on Dec. 6, Australia’s national financial intelligence agency — the Australian Transaction Reports and Analysis Centre (AUSTRAC) — revealed plans to focus on the cryptocurrency industry in 2025. AUSTRAC CEO Brendan Thomas said that crypto ATMs are attractive avenues for money laundering:

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On Dec. 4, the Australian Securities and Investment Commission (ASIC) issued a consultation paper proposing a blanket financial licensing regime for most crypto firms in Australia.

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The growing interest in alternative investments supported by US rate cuts in the coming months may further the establishment of new crypto and blockchain firms in the coming year.

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According to KPMG, about 4.5% of the 60 firms ceased operations, while 3% shut down due to mergers and acquisitions (M&A). Most of the M&A deals were driven by strategic needs, with buyers seeking to enhance specific capabilities.

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Firms from the blockchain and crypto industry represented 14% of the 60 Australian fintech firms that shut down in 2024. The report said:

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The number of independent fintech firms in Australia has declined for two years, falling from 800 firms in 2022 to 767 across all business verticals as of Dec. 9, noted KPMG’s Australia Fintech Landscape 2024 report.

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More than 7% of fintech companies headquartered in Australia shut down in 2024, with the blockchain and cryptocurrency market taking the biggest hit, a KPMG study of the country’s fintech landscape found.

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The IMF and the Salvadoran government have discussed the $1.3 billion loan and possible changes to El Salvador’s Bitcoin Law since at least October 2024.

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