🔔 MARKET MOVING NEWS! (25/12/24)

1️⃣ Russia Imposes 6-Year Ban on Crypto Mining in 10 Regions, Citing Energy Use ⛏
#RussiaCrypto
According to local media reports, the Russian government has imposed a six-year ban on crypto mining in 10 regions due to the industry's high power consumption. The ban takes effect on Jan. 1 2025 and ends on March 15, 2031. It includes seasonal restrictions in key cryptocurrency mining regions to prevent energy blackouts. The restrictions align with Russia’s cryptocurrency mining laws signed by the president in August and October 2024.

2️⃣ Hacker Breaches 15 X Accounts, Nets $500K Boosting Bogus Memecoins: ZachXBT ❓
#HackerAlert
According to the onchain sleuth ZachXBT, over $500,000 in funds stolen via memecoin phishing scams were connected to one threat actor. He reported that the perpetrator tricked X users into handing them control over their accounts by impersonating the X team and issuing fake copyright infringement notices. ZachXBT claims that over 15 X accounts were compromised this way, including those belonging to Kick, Cursor, The Arena, Brett and Alex Blania. Many of these X accounts have large audiences, with well over 200,000 followers who are mainly memecoin enthusiasts looking to catch the next hot tip.

3️⃣ Montenegro Court Rejects Do Kwon’s Extradition Appeal ▶️
#Montenegro
Montenegro’s Constitutional Court has reportedly dismissed Terraform Labs co-founder Do Kwon’s extradition appeal. The court cited legal inconsistencies in Kwon’s appeal, effectively upholding an earlier ruling favouring his extradition. This decision is significant as the international extradition case will potentially set a precedent for cross-border accountability in crypto.

4️⃣ Over 30% Of South Koreans Invest In Crypto Assets 🔍
#SouthKoreaCrypto
According to the South Korean media outlet Yonhap News, the number of crypto users in the country increased by 610,000 in November after Donald Trump won the United States presidential election. Representative Lim Kwang-Hyun of the Democratic Party of Korea shared data showing that digital asset investors in the country at the end of November totalled 15.6 million. Notably, with a population of 51.7 million, this means that over 30% of its citizens are crypto holders. Yonhap said the data was collected and released following the country’s new regulations on crypto exchanges. This is also the first time statistical data related to crypto has been released in the country.

5️⃣ Little-Known Canadian Crypto Firm Matador Adds Bitcoin To Its Books 💸
#MatadorTechnologies
Canadian real-world asset tokenisation firm Matador Technologies has reportedly become the latest company to incorporate BTC in its treasury. The firm's board of directors unanimously approved adding Bitcoin and “USD-denominated assets” to its balance sheet as part of its “long-term capital preservation strategy.” The firm is also planning to convert the majority of its cash balance sheet from Canadian dollars to US dollars.

Sunny Ray, president of Matador, stated,

Matador’s Board and management believe in using Bitcoin to future-proof our treasury. This step also supports our mission to explore using Bitcoin as a platform for our gold-based products.

Matador Technologies is the latest company to add Bitcoin ($BTC ) to its corporate treasury, following in the footsteps of industry giants like MicroStrategy and Metaplanet.💰

Top Reasons Behind This Move

-🔑 Matador's board cites concerns about the Canadian dollar and the country's economic outlook, with oil reliance and rising national debt causing uncertainty.

-📉 By allocating $4.5 million to Bitcoin and USD-denominated assets, Matador aims to preserve capital and protect against currency devaluation.

-“We believe in using Bitcoin to future-proof our treasury,” said Sunny Ray, President of Matador. 💡

-This move reflects a growing trend among businesses to add Bitcoin as a hedge against economic instability, following similar actions from leaders like President Bukele of El Salvador. 🌍

-It's evident that corporate adoption of $BTC is continuing to rise despite market volatility. 📊

#MatadorTechnologies #CorporateAdoption #crypto #CryptoNews #TheCoinRepublic

Công ty công nghệ Canada Matador Technologies vừa trở thành cái tên mới nhất trong danh sách các doanh nghiệp lựa chọn Bitcoin làm một phần trong chiến lược bảo toàn giá trị tài sản.

Matador Technologies đã quyết định bổ sung Bitcoin vào bảng cân đối kế toán để bảo toàn giá trị tài sản, đối phó với sự mất giá của đồng đô la Canada. Công ty sẽ đầu tư ban đầu 4.5 triệu USD vào Bitcoin trong tháng 12, đồng thời chuyển đổi một phần tiền mặt sang USD.

Matador chọn Bitcoin nhằm chống lạm phát, đa dạng hóa danh mục đầu tư và hỗ trợ phát triển nền tảng vàng kỹ thuật số dựa trên blockchain. Quyết định này phản ánh xu hướng doanh nghiệp tích lũy Bitcoin như tài sản dự trữ giá trị, bất chấp rủi ro từ biến động giá và quy định pháp lý.

Quyết định của Matador Technologies đã một lần nữa khẳng định vị thế của Bitcoin như một tài sản hấp dẫn đối với các nhà đầu tư tổ chức. Việc ngày càng có nhiều doanh nghiệp lớn nhỏ lựa chọn Bitcoin cho thấy tiềm năng to lớn của đồng tiền kỹ thuật số này trong tương lai. Tuy nhiên, nhà đầu tư vẫn cần cân nhắc kỹ lưỡng các rủi ro trước khi đưa ra quyết định đầu tư. #BTC #MatadorTechnologies

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