jonesjenny8290

@jonesjenny8290

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As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko.

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If confirmed, BPCE’s crypto entrance will be significant to the industry as the banking group has 35 million customers, with assets under management peaking at roughly 1.3 million euros ($1.3 million) by the end of September 2024.

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Reyes also told Cointelegraph that El Salvador is “nearing completion of two more agreements with other countries,” emphasizing his team’s commitment to helping any nation interested in collaborating with El Salvador.

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Reyes strongly advised against delaying establishing rules and following Financial Action Task Force (FATF) recommendations, giving a clear message to regulators in other jurisdictions:

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El Salvador plans to refine its own regulatory framework and improve its understanding of the digital assets market through its partnership with Argentina. Additionally, Reyes told Cointelegraph that El Salvador regulators are in talks with multiple nations for similar crypto-focused partnerships:

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Following the historic launch of spot Bitcoin ETF trading in the US in January, Bitcoin ETFs have, for the first time, surpassed 1.1 million BTC, Bloomberg ETF analyst Eric Balchunas wrote on X on Dec. 6, citing market watcher Shaun Edmondson.

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United States spot Bitcoin exchange-traded funds (ETF) have hit a new milestone as their total BTC holdings flip those held by Satoshi Nakamoto.

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Adams’ offer to accept his paychecks in Bitcoin came in response to a social media challenge for elected officials to earn a crypto-based salary. Miami Mayor Francis Suarez, who won reelection in 2021, said he would accept his first paycheck in BTC, prompting Adams to say he would take the first three.

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As mayor, Adams has often been a proponent of many policies favorable to digital assets, including promising to make New York City the “center of the cryptocurrency industry.” He also criticized legislation passed by the state’s government in 2022 that imposed a two-year moratorium on proof-of-work mining using non-renewable energy sources.

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In September, US authorities indicted Adams on one count of conspiracy to receive campaign contributions from foreign nationals and commit wire fraud and bribery, one count of wire fraud, two counts of soliciting campaign contributions from foreign nationals, and one count of soliciting and accepting a bribe. If convicted and given the maximum sentences for each charge served consecutively, he could face decades in prison.

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Adams, who assumed office as the mayor of New York City in January 2022, announced after winning his election that he intended to accept his first three paychecks in Bitcoin. The price of BTC at the time of his announcement was roughly $61,000. The cryptocurrency has since surged to roughly $96,000, an increase of 57%.

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“Remember y’all laughed at me when I first got my Bitcoin — who’s laughing now?” said Adams. “Go look at my Bitcoin now. You all mock me. ‘You’re taking your first three paychecks in Bitcoin. What’s wrong with you?’ Now you wish you would have done it.”

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New York City Mayor Eric Adams, currently facing wire fraud and conspiracy charges, appeared to mock members of the press over his Bitcoin holdings.

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This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA ($0.000026). Such a move will suggest that the breakout above $0.000030 may have been a bull trap.

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There is minor resistance at $0.000033. If buyers overcome this barrier, the SHIB/USDT pair could rally to $0.000039. The bears are expected to fiercely defend the level, but if the bulls prevail, the up move could extend to $0.000047.

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“This initiative aims to enhance consumer awareness and protect potential investors from misleading promotions,” he said.

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Ghoos also mentioned that Belgium’s Financial Services and Markets Authority mandated in March 2024 that all cryptocurrency advertisements must include clear warnings detailing associated risks.

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Citing data from Statista, Ghoos noted that Belgium’s crypto user penetration is estimated at 25% and is expected to hit 28% by 2028.

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“Belgian investors are generally conservative, prioritizing trust and security in their financial decisions,” OKX’s Ghoos said, adding that they favor stable investment options and are cautious about risks.

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Belgian residents can trade on the platform after completing verification through the Itsme identification app.

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