Virgin Voyages, the innovative cruise line founded by Sir Richard Branson, has announced that it is now accepting Bitcoin (BTC) as a payment option for bookings. The move makes Virgin Voyages the first cruise line to adopt Crypto payments amid a growing trend in the travel and hospitality industry to embrace digital currencies.
According to Virgin Voyages’ announcement, passengers can now use BTC to pay for cruises across its fleet, including the highly anticipated “Annual Pass.” The Virgin Voyages Annual Pass, which provides a variety of exclusive benefits for frequent travelers, highlights Virgin Voyages’ commitment to attracting young, tech-savvy travelers and digital asset enthusiasts, who are increasingly integrating Crypto into their everyday transactions.
MicroStrategy (NASDAQ: MSTR), the largest Bitcoin holding company, has increased its holdings by purchasing another 15,400 BTC worth $1.5 billion. The purchase was made at an average price of $95,976 per Bitcoin, bringing MicroStrategy's total holdings to 402,100 BTC.
MicroStrategy’s latest Bitcoin purchase was made through a stock sale agreement. From November 25 to December 1, 2024, the company offered shares and raised $1.48 billion. The sale is part of Microstrategy’s planned stock sale of up to $21 billion. The company’s Bitcoin investment has increased significantly, due to the long-term upward trend in Bitcoin prices and the company’s belief in Bitcoin as a hedge.
Switzerland has approved a motion to study the feasibility of Bitcoin mining, marking a step towards wider acceptance of the cryptocurrency by the government and the traditional financial system. The decision, backed by the Council of State, aims to explore how Bitcoin mining could harness excess energy and contribute to the stability of the regional electricity grid in the Canton of Bern.
The council is tasked with submitting a detailed report assessing the potential benefits and challenges of Bitcoin mining. This includes identifying unused energy sources, collaborating with local mining companies, and examining whether mining operations could help stabilize the electricity grid. Lawmakers believe that Bitcoin mining could turn excess energy into an economic opportunity, especially in areas with negative electricity prices.
President-elect Donald Trump reportedly plans to appoint an “AI czar” to centralize U.S. policy on artificial intelligence (AI) and strengthen the nation’s leadership in this transformative technology. Along with this, Trump is also considering creating the role of “Crypto czar” to guide blockchain and cryptocurrency regulation.
The AI Czar will be tasked with overseeing federal AI policy, collaborating with agency officials, and driving innovation while addressing key challenges such as efficiency and fraud prevention. The move aligns with Trump’s broader goals of encouraging technological growth and supporting private sector investment. Elon Musk, a key player in Trump’s Department of Government Efficiency (DOGE), is expected to influence the selection process for the position, though he is unlikely to take on the role himself.
BitWise has filed with the SEC for a new ETF that will track 10 Crypto Index Funds. The fund includes ten leading Cryptocurrencies such as: Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. If approved, this will be the most diverse Crypto ETF available in the US market.
The SEC’s acknowledgement of the filing marks the start of the regulatory review process, with a countdown to whether or not the application will be approved. While no specific deadline has been confirmed, the development reflects the growing acceptance of cryptocurrency in U.S. financial regulation.
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In a recent interview with CEO Today, Apple CEO Tim Cook shared that he has personally held Bitcoin for the past three years as part of his diversified investment approach. Cook emphasized that this decision was entirely personal and unrelated to Apple’s corporate strategy.
He also clarified that the tech giant has no intention of incorporating cryptocurrency into its operations, either through payment systems or corporate investments, in the future. While acknowledging Bitcoin’s potential, Cook stressed that Apple is prioritizing its core business areas, such as smartphones, computers, wearables, and related services. While Apple supports crypto and blockchain applications through its App Store, it has no plans to deepen its involvement in the crypto space in the near future.
Babylon Labs and Lombard Protocol are preparing to bring Bitcoin Liquid Staking to the SUI network. So, according to the announcement, starting in December, Bitcoin holders on SUI will be able to Stake BTC to Babylon, a Bitcoin layer-2 (L2) network, and earn LBTC, Lombard’s Liquid Staking Token (LST). #MarketBuyOrHold?
Crypto interest among investors in Singapore is soaring, according to a new survey by Sygnum. The Future Finance 2024 survey conducted by the global digital asset banking group revealed that 57% of institutional investors in the Little Red Dot (Singapore’s nickname) plan to increase their crypto holdings in the next year, higher than the global average of 47%. #marketdownturn
“Singaporean investors on average show a higher risk appetite and investment motivation compared to respondents from other countries,” Sygnum said in its report.
The growing confidence in digital assets as an investor is also due to regulatory uncertainty no longer being a major barrier for Singaporean investors. 75% believe that regulatory clarity around the digital asset industry will continue to improve. Crypto ETFs are another stimulant to increased investment, with 73% citing the product as a confidence booster for the asset class. #BTC☀ #Altacoins
Spot Ethereum ETFs in the US saw unprecedented inflows on Monday, attracting $295.5 million, more than doubling the previous record. Fidelity’s Ethereum ETF led the way with $115.5 million, followed by BlackRock’s ETHA with $101.1 million, while Grayscale and Bitwise products saw smaller but significant inflows.
The surge in investment comes after the recent US presidential election, with ETH spot ETFs collectively attracting $513 million in just four trading days. Daily trading volume also hit a new high of $912.9 million, indicating growing optimism over the potential for more positive regulatory changes than under a Joe Biden administration.
The government of Bhutan now holds more than $1 billion in Bitcoin (BTC), fueled by the cryptocurrency’s surge in value this year, according to new data shared by Arkham Intelligence. While the country recently transferred $65 million worth of Bitcoin to Binance, it continues to mine more, following a trend of countries building up national Bitcoin reserves.
Bhutan’s approach reflects a broader trend among national Bitcoin holders. El Salvador, for example, has committed to holding onto its large Bitcoin holdings no matter the price. In the US, Donald Trump has pledged to create a national Bitcoin reserve if elected, fueling interest in the government’s digital asset. These commitments reflect growing confidence in Bitcoin as a sovereign asset.
Current U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is likely to hand in his resignation before President-elect Donald Trump’s inauguration next year, according to a former SEC official. During an Ask Me Anything (AMA) session on social media platform X, former SEC Office of Internet Enforcement chief John Reed Stark said that like most regulator chiefs he has worked with, Gensler is likely to step down after Trump’s victory in the presidential election.
Justin Sun recently transferred 19,000 ETH (around $60.83 million) to the HTX platform, generating an estimated profit of $69.36 million. For your information, Sun started his investment by purchasing 392,474 ETH from three different wallets between February 8 and August 5, investing a total of $1.19 billion and paying an average of $3.027 per ETH.
In addition to Justin Sun, an Ethereum ICO participant whose wallet had been dormant for three years was also found to have reactivated his wallet by transferring 1,555 ETH (around $5 million), according to PeckShield Alert data. The estimated total value of this participant’s assets is around $20.15 million. Additionally, Lookonchain data shows that a large ETH holder with 398,891 ETH sold 46,853 ETH for 138.8 million USDC and transferred an additional 12,886 ETH (worth $42 million) shortly after.
According to data from Saylor Tracker, a dedicated website that tracks the value of Microstrategy’s Bitcoin assets in real-time, MicroStrategy’s Bitcoin portfolio has soared to $20.6 billion. “I think saylortracker.com needs more green dots,” said Michael Saylor, the former CEO of MicroStrategy who first had the idea to invest heavily in Bitcoin.
MicroStrategy, known for its significant Bitcoin investments, now has more than 252,220 BTC in its portfolio. The latest acquisition, disclosed in a Sept. 20 SEC filing, involved the purchase of 7,420 BTC. It was purchased at an average price of $61,750 per Bitcoin, amassing nearly $458.2 million, including costs incurred to make the purchase.
In a recent interview with Bloomberg, Ripple Labs CEO Brad Garlinghouse expressed his strong belief that an XRP ETF is “inevitable,” despite the ongoing legal challenges between the company and the U.S. Securities and Exchange Commission (SEC). Garlinghouse’s comments come amid significant developments in the cryptocurrency ETF space, particularly following the launch of Bitcoin as the first crypto-based ETF in the United States earlier this year.
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. continues to see new developments. Despite widespread speculation that the SEC missed the deadline to file a Form C to appeal, a spokesperson for the regulator has confirmed that the SEC has filed an appeal.
Fox Business reporter Eleanor Terrett provided an update, citing an SEC spokesperson as saying, “The appeal is proceeding normally, and the documents will be made public shortly.” Ripple Labs CEO Brad Garlinghouse responded to the SEC spokesperson’s statement. In a post on X, Garlinghouse expressed some surprise that the regulator claimed the appeal was “progressing normally.” “Normal course for an agency that makes its own rules as it goes along!” Garlinghouse said.
Pay, one of the major Crypto payment providers with over a million registered users, recently implemented a new Samsung Pay integration on one of its virtual cards. Alchemy Pay announced on October 8 that the new Samsung Pay payment feature was implemented just weeks after the platform’s integration with Google Pay was completed in September.The new partnership allows Alchemy Pay users to use their virtual Crypto card to make payments at supported retailers, both in-store and online. Alchemy Pay announced that its virtual card users can now make payments across platforms such as the Apple Store, ChatGPT Plus, Midjourney, Amazon, Netflix, Facebook, and eBay. According to an Alchemy Pay spokesperson, the company anticipates the Samsung Pay integration will generate strong demand from consumers.