DeCenter โ€“ Blockchain and Bitcoin
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DeCenter is the #1 blockchain community in Russia with over 75 000 experts. And this is our channel for English-speaking members.

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๐Ÿก The famous Bitcoin Family sold their $300 000 house for 100 BTC in 2017 โ€” and today, they could buy it back for just 4 BTC (adjusted for inflation).

ยซIf we had kept $300,000 in a bank account since 2017, we wouldnโ€™t be able to buy the house backยป.

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๐Ÿ‡บ๐Ÿ‡ธ Federal Reserve Chair Jerome Powell says the Fed is "not allowed to own Bitcoin."

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๐Ÿ‡ธ๐Ÿ‡ป El Salvador has reached a $1.4 billion loan agreement with the IMF โ€” Bitcoin adoption will become voluntary, and the government will reduce its involvement in BTC-related projects.

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๐Ÿ‡ง๐Ÿ‡น Changpeng Zhao (CZ) met with the King of Bhutan (the King is on the left).

The Bhutanese government currently holds 12 202 BTC ($1.2 billion).

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๐Ÿ”ฅ Marathon has acquired 15 574 BTC for $1.53 billion at $98 529 per Bitcoin.

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๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan has significantly increased state fees for cryptocurrency market participants:

๐Ÿ”ด For exchanges: from $21 000 to $2.1 million;
๐Ÿ”ด For exchangers: from $5 300 to $108 300;
๐Ÿ”ด For custodial services: up to $201 100;
๐Ÿ”ด For mining pools: up to $85 100.

The regulator stated that the new fees aim to protect the market from fraudulent projects. The country has licensed two exchanges, three custodial services, and nine exchangers.

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๐Ÿ‡ซ๐Ÿ‡ฎ The mining company Marathon has launched its second centralized heating project in Finland. A city with a population of 67 000 is now heated exclusively using heat generated during the Bitcoin mining process.

The total number of residents benefiting from heating provided by the companyโ€™s projects has reached 80 000.

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๐Ÿ‡ซ๐Ÿ‡ท The second-largest bank in France, Groupe BPCE, is set to launch cryptocurrency trading services for its 35 million users.

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๐Ÿ‡ธ๐Ÿ‡ป President of El Salvador, Nayib Bukele, has increased daily BTC purchases, aiming to acquire an additional 20 000 BTC.

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๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg has passed a new blockchain law that simplifies the process of issuing digital investment funds.

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๐Ÿ‡ฆ๐Ÿ‡ช The United Arab Emirates (UAE) holds $40 billion in Bitcoin.

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๐Ÿ‡บ๐Ÿ‡ธ Donald Trump has appointed former football player Bo Hines as the head of the U.S. "Crypto Council."

Previously, Trump named David Sacks, a former PayPal executive, as the "Crypto King."

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๐Ÿ—ฝ Peter Schiff, one of the most prominent critics of Bitcoin, has proposed the idea of launching a national cryptocurrency for the United States. In his view, instead of building strategic reserves in Bitcoin, the country could significantly save by creating its own digital asset, โ€œUSAcoin.โ€

Schiff suggested limiting the supply of USAcoin, similar to Bitcoin, but integrating an enhanced blockchain. This would provide the new cryptocurrency with high functionality, making it suitable for everyday payments.

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โœˆ๏ธ Pavel Durov announced that Telegram has become profitable for the first time, with total revenue exceeding $1 billion and the company holding over $500 million in its accounts by the end of the year (excluding TON).

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๐Ÿ”ฅ MicroStrategy has acquired 5 262 BTC for $561 million at $106 662 per Bitcoin.

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โš›๏ธ Today, the Cosmos Foundation sold 295 BTC ($27.7 million), which were raised during their ICO in 2017. Additionally, this year, the company sold 21 600 ETH. They still hold 96.4 BTC and 17 188 ETH worth a total of $67 million.

ATOM, the project's native token, is showing one of the worst performances. When BTC was priced at $16 000, ATOM traded at $10, but now its value has dropped to $6.8.

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๐Ÿ›ฐ๏ธ Elon Musk's SpaceX uses stablecoins to hedge against currency risks. The company accepts payments for its Starlink satellite internet service from clients in so-called "long-tail countries" and converts these payments into stablecoins.

SpaceX then converts the stablecoins back into US dollars.

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โ„๏ธ Tether has frozen another address holding 13 144 000 USDT on the Ethereum blockchain.

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โš’๏ธ Despite a significant 110% increase in BTC price in 2024, only 7 out of 25 publicly traded mining companies turned a profit.

Since the launch of the Bitcoin network, miners have collectively earned over $71 billion. However, their revenues are halved every four years due to halving events, making mining an increasingly challenging business.

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