10th Dec: Blockchain DXB) Podcast💡El Salvador to weaken it's BTC Law 🟠Amazon) next for BTC in Company Reserves? 🚨BTC Riot Platform to buy BTC 🟢Pepe > Uniswap and Litecoin🔴 A Strategic move or a Setback?🤦🏻♂️El Salvador is close to securing a deal with the IMF for $2 billion in loans but must amend its Bitcoin law. The government will no longer require businesses to accept Bitcoin, making it voluntary instead. The International Monetary Fund) had criticized the Bitcoin law when it was introduced in 2021, citing economic risks. Despite President Bukele’s popularity, public adoption of Bitcoin has been lower than expected. The changes are part of efforts to gain IMF support for economic reforms. Info via Financial Times) https://shorturl.at/EReKA)❗Amazon) shareholders, led by the National Center for Public Policy Research (NCPPR), are urging the company to allocate at least 5% of its treasury to Bitcoin (BTC) to combat inflation and enhance shareholder value. The proposal argues that Amazon’s current reliance on cash and bonds fails to protect shareholder interests and highlights Bitcoin’s strong performance compared to traditional assets. Drawing on examples like MicroStrategy) and Tesla, the NCPPR contends that adopting Bitcoin could boost long-term returns while aligning Amazon) with innovative financial strategies. via CoinDesk) https://shorturl.at/5jdF2)🟥 Riot Platforms, Inc.) announced a $500 million private offering of convertible senior notes due 2030, with an option for an additional $75 million. The proceeds will be used to acquire more Bitcoin and for general corporate purposes. The notes, convertible into cash or shares, will be offered to qualified institutional buyers. Riot is a Bitcoin mining and digital infrastructure company with operations in Texas, Kentucky, and Colorado. The offering is subject to market conditions and may not be completed as planned. Official info here https://shorturl.at/6LZCh)🟢 Pepe (PEPE) has reached a new milestone, surpassing an $11 billion market cap and overtaking Uniswap (UNI) and Litecoin (LTC). The surge is partly driven by institutional interest, with whales increasing their PEPE holdings by $1.14 billion over the weekend. This comes as Bitcoin breaks the $100,000 mark, fueling optimism in the crypto market. PEPE saw a 4.5% rise in 24 hours, reaching an all-time high price of $0.00002708. Launched in April 2023, the meme coin has gained significant attention, boosted by whale activity, increased accessibility through platforms like MoonPay), and a 1,900% year-to-date gain.🟠 Two UAE news⚡ CoinDCX)’s BitOasis) receives full crypto license in Dubai⚡ The UAE’s AI Office partners with UiPath) to further key national AI strategy objectives
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