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Chinese gaming firm Boyaa Interactive announced that it expects its net profit for 2024 to surge by as much as 640% to 680% compared to 2023, primarily due to gains from its Bitcoin holdings, according to a filing on Feb. 16.
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On Feb. 12, the firm announced that World ID verification had become available in the Indonesian capital, Jakarta.
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The Bitcoin community has reacted strongly to Trump’s Solana-based memecoin, criticizing it as opportunistic and fundamentally at odds with Bitcoin’s principles.
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Amid the hype, some on X speculated about a potential “USA coin” as the next project. Eric Trump dismissed these rumors, clarifying that no such project was developing.
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Moonshot processed nearly $400 million in volume over the past 12 hours, breaking records for fiat on-ramp usage and bringing over 200,000 new users onchain.
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In November, US crypto stocks such as COIN saw massive gains following Donald Trump’s victory in the presidential election, as many say his win will benefit the industry, Cointelegraph Research said.
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While the tradition stems from a crypto-like commitment to open records and transparency, an unintended consequence is providing criminals with a “hit list” of wealthy citizens to target who have large, self-custodied crypto holdings. The move has been labeled by one Norwegian Bitcoiner as “completely insane, putting a target on the back of all of these people.”
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Scandinavian countries — Norway, Sweden and Finland — have a policy of total financial transparency that sees each citizen’s financial records published annually along with their names, birth date and home addresses.
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South Korea has faced political turmoil in recent weeks, with President Yoon Suk Yeol declaring martial law on Dec. 3. The declaration sent Bitcoin’s price crashing on local exchanges.
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When the allegations surfaced in 2023, Kim stepped down from the Democratic Party.
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Prosecutors said Kim “obstructed the National Assembly Ethics Committee’s review of the National Assembly member’s assets in a false manner” by not declaring the full value of his crypto holdings.
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According to local media reports, prosecutors are seeking a six-month prison sentence for National Assembly member Kim Nam-kuk, who allegedly reported 1.2 billion Korean won worth of digital assets in 2021, despite owning 9.9 billion worth of crypto. He is also alleged to have concealed roughly 990 million won worth of digital assets in 2022.
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A lawmaker in South Korea could face six months in prison for allegedly refusing to report $4 million in crypto sales.
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However, Super Testnet, a Bitcoin developer behind BitVM, argues that any change to Bitcoin’s supply cap would effectively mean the new token isn’t the “official” Bitcoin.
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However, it also added a disclaimer that read: “There is no guarantee that bitcoin’s 21 million supply cap will not be changed.”
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In the Dec. 17 video, BlackRock explained that Bitcoin has a fixed supply of 21 million, adding that the “hard-coded rule controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency.”
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In absolute terms, Ethereum remains the clear leader. Its nearest competitor, Solana, holds $9.4 billion in deposits. Additionally, Ethereum’s layer-2 scaling solutions account for another $11 billion in deposits, offering a more direct comparison to Solana due to their extremely low transaction fees. Meanwhile, transactions on Ethereum’s base layer average $7.50 in fees.
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A warm Farcaster welcome to @i82923598!
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A warm Farcaster welcome to @jolinecy186!
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A warm Farcaster welcome to @elijahan07!
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