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In August 2024, the SEC of Nigeria issued its first license to a crypto exchange, which signaled the beginning of regulatory clarity and oversight for cryptocurrency in the African nation. Later, in September 2024, the SEC planned to start enforcement actions against unregulated exchanges — the catch being that there were only two regulated exchanges in the country at that time.
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ERCOT’s demand response programs voluntarily reduce energy usage during peak demand. This approach has eliminated the need for Berkshire Hathaway Energy’s proposed $10 billion investment in new gas peaker plants, which would have further increased electricity costs for Texans.
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Determining that BTC mining could help balance electricity demand and supply to prevent further blackouts, ERCOT’s demand response programs have seen voluntary participation by the miners.
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The DARI report stated that the Electric Reliability Council of Texas (ERCOT) sought alternatives to the traditional gas peaker plants following the devastation of the 2021 winter storm.
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DARI’s report shows that Bitcoin mining offers a more efficient alternative to gas peaker plants via demand response programs where BTC miners can quickly reduce energy consumption during peak demand to stabilize the grid.
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The sanctioned agents have allegedly procured funds for North Korea’s nuclear missile development program and the DPRK’s Munitions Industry Department through “overseas foreign currency-earning activities,” according to a Dec. 26 news release by South Korea’s Ministry of Foreign Affairs.
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South Korea sanctioned 15 North Korean IT organization members and one related group for allegedly helping finance Pyongyang’s nuclear weapons program through various cybercrimes. North Korean hackers are being pursued by governments worldwide that blame them for more than half of the value of cryptocurrency stolen during 2024.
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Today, in crypto, the South Korean government sanctioned 15 North Korean bad actors for various cybercrimes, some involving cryptocurrencies. A new study ranked Singapore as the world’s leading blockchain innovation hub, and BlackRock’s Bitcoin ETF saw its biggest-ever outflow just before Christmas.
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He said that, compared to other countries, Japan has “leaned in” on offering regulatory clarity and legislation on stablecoins and cryptocurrencies.
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Garlinghouse said that while he finds Japan to be a “conservative market in some ways,” he also sees it as “really healthy” in other respects.
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“People will want to hold yen stablecoins, and I think that is only a matter of time,” Garlinghouse said in an interview with Bloomberg’s The China Show on Sept. 7.
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On Sept. 8, Ripple CEO Brad Garlinghouse said he anticipates strong demand for a Japanese yen stablecoin.
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The bill was introduced on Nov. 25 and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.
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More recently, Congressman Eros Biondini proposed a bill in Brazil to establish a sovereign federal Bitcoin Reserve.
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Jack Mallers, founder and CEO of Strike, said Donald Trump will likely issue an executive order on his first day as president to designate Bitcoin as a US reserve asset.
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BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million set on Dec. 20, per CoinGlass data.
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BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion.
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“This sharp correction in the market, however, appears to be attracting new investors, as evidenced by a 3 percentage point increase in the share of short-term holders (STH) under three months within just one week,” he wrote.
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An accompanying chart showed what CryptoQuant calls the Korea Premium, also known as the “Kimchi Premium,” the aggregate difference in price between South Korean exchanges and others.
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In a Quicktake blog post on Dec. 24, contributor Joo Hyun Ryu noted that demand from South Korea had increased.
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