According to Bitcoin Magazine, Japanese lawmaker Satoshi Hamada submitted an inquiry to the government on December 11, 2024, asking for the latest developments in the United States and other countries' efforts to promote Bitcoin reserves.

Analysts including Samara Cohen, chief investment officer of BlackRock's ETF and index investments, pointed out that although Bitcoin has a relatively low correlation with other assets, it is more volatile, so its contribution to total risk is generally similar. The benefit of allocating to Bitcoin is that it can provide a diversified source of risk, while overweighting the "Big Seven U.S. Tech" will increase existing risks and lead to portfolio concentration. BlackRock Investment Institute believes that broader institutional investment in Bitcoin may suppress some of its volatility. While this may enable investors to increase the size of their allocations, it may also reduce Bitcoin's eye-popping returns since its inception. They wrote, "Looking ahead, if Bitcoin does achieve widespread adoption, investing in it may become less risky, but at that time, Bitcoin may no longer have a structural catalyst for further significant increases." (Reuters)

At the recent ETFs in Depth conference, leading industry voices from BlackRock and Tidal shared insights into the growing dominance of Bitcoin and Ethereum within the ETF landscape.Jay Jacobs, Head of Thematic and Active Equity ETFs at BlackRock, emphasized the untapped potential of flagship cryptocurrency assets. "We’re really just at the tip of the iceberg with Bitcoin and especially Ethereum," Jacobs noted. "Just a tiny fraction of our clients own [$IBIT and $ETHA], so that’s what we’re focused on—versus launching new altcoin ETFs."Mike Venuto, Chief Investment Officer at Tidal, shed light on the constant demand for innovative ETF strategies involving Bitcoin. "We have people coming to us all the time trying to pitch 'Bitcoin + something else' ETFs," he remarked, reflecting the overwhelming market interest in expanding crypto-centric investment options.Venuto also predicted a broader integration of crypto with traditional market giants in ETFs. "Every options strategy you can think of is going to be tied to Bitcoin, Nvidia, Tesla, and MicroStrategy in ETFs. It’s coming," he said, underscoring the synergy between crypto assets and high-growth technology companies.As institutional interest surges and crypto ETFs gain traction, these remarks highlight the strategic focus on Bitcoin and Ethereum as cornerstone assets in the evolving financial landscape.

The U.S. Department of Justice disclosed that Frank Richard Ahlgren III, a resident of Austin, Texas, was sentenced to two years in prison for falsely reporting $3.7 million in income from Bitcoin transactions. Court documents show that Frank Richard Ahlgren II began investing in Bitcoin in 2011 and purchased about 1,366 Bitcoins through Coinbase in 2015, with the highest price of about $495.56 that year. In October 2017, he sold 640 Bitcoins at a price of about $5,807.53 each, making a profit of $3.7 million to buy a house in Park City, Utah. In order to evade taxes, Ahlgren provided false transaction records to the accountant, falsely reporting that the purchase cost was much higher than the actual price. From 2018 to 2019, he concealed more than $650,000 in Bitcoin transaction records through multiple wallet transfers, face-to-face cash transactions, and mixers. The IRS Criminal Investigation Division and the Texas Attorney General's Office are currently conducting further investigations into the case. (justice.gov)

The daily trading volume of SUIAI-SUI, the exclusive liquidity pool issued by Turbos DEX, exceeded 1 million US dollars. It is reported that SUIAI is the token of SUI Agents, the IDO launch project of Turbos Finance, the head ecological project of Sui. The token recorded an increase of more than 850% after TGE from Turbos Launchpad's IDO, winning the recognition of Sui community users for the Turbos project. It is reported that Turbos Finance recently announced that it will launch a 24-hour $DESCI project IDO at 9 am UTC on December 16. As the DeFi hub of Sui ecology, Turbos has been committed to incubating high-quality projects for the community and providing users with diversified investment and income opportunities.

According to Foresight News, recent monitoring by CertiK has revealed two significant phishing incidents this week, each resulting in losses exceeding $1 million. The first incident involved a victim with an address starting with 0x7a12c, who suffered a loss of approximately $7.8 million. The second incident affected a victim with an address beginning with 0x4711B, resulting in a loss of around $2.3 million. These incidents have contributed to a total loss of approximately $14.7 million from phishing attacks recorded so far in December. The substantial financial impact of these phishing attacks highlights the ongoing threat posed by cybercriminals in the digital space. Phishing, a method where attackers deceive individuals into providing sensitive information, continues to be a prevalent issue, especially in the cryptocurrency sector. The losses reported this month underscore the need for heightened security measures and awareness among users to protect their digital assets. As the frequency and sophistication of phishing attacks increase, it is crucial for individuals and organizations to remain vigilant. Implementing robust security protocols, educating users about potential threats, and staying informed about the latest phishing tactics are essential steps in mitigating the risk of falling victim to such scams. The incidents reported by CertiK serve as a reminder of the importance of cybersecurity in safeguarding financial assets in the digital age.

أعلن مشروع “Eigen” عن تخصيص 1% من إجمالي عرض العملة الرقمية “EIGEN” لصالح “Protocol Guild”، وهي آلية تمويل جماعي تهدف إلى دعم البحث والتطوير في طبقة الايثيريوم الأولى 1. تضم النقابة أكثر من 180 عضو من 29 فريق، يركزون على تطوير الشبكة، وتصميمها، والتنسيق لضمان استمرار تطور الايثيريوم وصمودها ضد المركزية. يتماشى هذا التعهد مع … The post مشروع “Eigen” يعلن تخصيص 1% من عرض العملة الرقمية EIGEN... source: https://arab-btc.net/eigen-foundation-pledges-1-of-eigen-token-supply/

According to Foresight News, a man from Austin, Texas, has been sentenced to two years in prison for submitting false tax returns related to his cryptocurrency transactions. The U.S. Department of Justice reported that Frank Richard Ahlgren III was found guilty of underreporting or failing to report capital gains from the sale of Bitcoin, amounting to $4 million, between 2017 and 2019. Ahlgren's actions involved significant profits from these transactions, which he did not accurately disclose in his tax filings. The case highlights the legal obligations of taxpayers to report any gains or losses from the sale of assets, including cryptocurrencies like Bitcoin, on their tax returns. This requirement is part of the broader regulatory framework ensuring transparency and compliance in financial reporting. The Internal Revenue Service Criminal Investigation (IRS-CI) Houston Field Office played a crucial role in this investigation, with Acting Special Agent in Charge Lucy Tan noting the significance of this case as the first criminal tax evasion prosecution solely focused on cryptocurrency. In addition to his prison sentence, Ahlgren has been ordered to pay $1,095,031 in restitution to the United States. This case underscores the increasing scrutiny on cryptocurrency transactions by regulatory authorities and the importance of accurate reporting in tax filings. The outcome serves as a warning to individuals engaging in cryptocurrency trading to adhere to tax laws and regulations to avoid severe legal consequences.

null source: https://x.com/Bitcoinsensus/status/1867532912637448636

وسط حالة من التشاؤم الحاد فى المستقبل السياسى والاقتصادى لاكبر أقتصاد فى منطقة اليورو. فمن غير المرجح أن ينمو اقتصاد ألمانيا في عام 2025 بعد أن انكمش مرة أخرى هذا العام، وذلك وفقا لتوقعات جديدة من البنك المركزي الألماني. حيث قال البنك اليوم بإن نمو الناتج المحلي الإجمالي سينخفض بنسبة 0.2% في عام 2024 ــ … The post توقعات حكومية: الاقتصاد الألماني لن يشهد نموا خلال العام 2025 appeared first on... source: https://www.tradersup.com/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-%d8%a5%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9/%d8%aa%d9%88%d9%82%d8%b9%d8%a7%d8%aa-%d8%ad%d9%83%d9%88%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d8%a7%d9%84%d8%a3%d9%84%d9%85%d8%a7%d9%86%d9%8a-%d9%84%d9%86-%d9%8a%d8%b4/139321

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