FameEX Morning Crypto News Recap | December 11, 2024

Trump Pushes for Bitcoin to Reach $150,000 and Supports Crypto-Friendly Policies

An anonymous source revealed that Trump hopes Bitcoin will exceed $150,000, considering cryptocurrency as "another stock market." In his previous term, Trump often assessed the government’s economic performance through stock market trends, emphasizing his reliance on financial indicators to measure success.

Global Cryptocurrency Awareness Climbs to 93%, Nigeria Tops in Ownership Rate

A Consensys and YouGov survey found global cryptocurrency awareness at 93%, with 42% of respondents owning or investing in digital assets. Men aged 25-44 are most familiar with crypto. Nigeria tops ownership rates at 73%, followed by South Africa (68%), the Philippines (54%), Vietnam (54%), and India (52%).

Goldman Sachs Explores Bitcoin and Ethereum Market Entry Awaiting Regulatory Clearance

Goldman Sachs' CEO stated they plan to assess involvement in Bitcoin and Ethereum markets, pending approval from regulators, according to recent market news.

Microsoft Shareholders Decline Bitcoin Investment Proposal

Market news on December 11 indicated that Microsoft shareholders, based on preliminary voting results, rejected a proposal for the company to invest in Bitcoin.

EU MiCA Legislation Set for Implementation, but 25% of Member States Are Unprepared

With just three weeks until the EU's Markets in Crypto Assets Regulation (MiCA) takes effect, 25% of member states, including Belgium and Italy, remain unprepared. Crypto industry associations have raised concerns with ESMA about the challenges regulators face in processing CASP applications within the limited time available.

Italy Plans to Ease Crypto Capital Gains Tax Increase

Italy’s ruling party plans to reduce a proposed cryptocurrency capital gains tax hike from 26% to 42% after facing criticism. The Coalition warned the increase could fuel the shadow economy, prompting the government to consider maintaining the 26% tax rate to prevent economic disruption.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​