FameEX Morning Crypto News Recap | December 11, 2024

Trump Aims for Bitcoin to Hit $150,000 and Advocates for Crypto-Friendly Regulation

An anonymous source disclosed that Trump hopes Bitcoin will surpass $150,000, viewing cryptocurrency as "another stock market." During his previous term, Trump frequently gauged economic performance based on the U.S. stock market, highlighting his focus on financial metrics.

Global Cryptocurrency Awareness Hits 93%, Nigeria Leads in Ownership Rate

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

Goldman Sachs Considers Entering Bitcoin and Ethereum Markets Pending Regulatory Approval

Market news reveals Goldman Sachs' CEO announced plans to evaluate participation in Bitcoin and Ethereum markets, contingent on regulatory approval.

Microsoft Shareholders Reject Proposal to Invest in Bitcoin

On December 11, market news revealed that Microsoft shareholders, in preliminary voting results, opposed a proposal for the company to invest in Bitcoin.

EU MiCA Legislation Nears Implementation, While a Quarter of Member States Remain Unprepared

With three weeks remaining until the EU's Markets in Crypto Assets Regulation (MiCA) takes effect, a quarter of member states, including Belgium and Italy, remain unprepared. Crypto industry associations have expressed concerns to ESMA, citing challenges regulators face in processing CASP applications within the limited timeframe.

Italy Proposes Scaling Back Crypto Capital Gains Tax Hike

Italy’s ruling party announced plans to scale back a proposed cryptocurrency capital gains tax hike from 26% to 42% following criticism. The Coalition argued the increase could drive the shadow economy, with the government potentially keeping the 26% rate unchanged to avoid economic disruptions.

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