1. Turkey Boosts Crypto Adoption with Garanti BBVA Kripto
- Garanti BBVA, a Spain-based bank owned by BBVA, is launching crypto trading services for retail customers.
- The initiative is powered by a partnership with Bit2Me, aligning with the EU’s MiCA regulations effective December 2024.
- Initial offerings include BTC and ETH, with plans for Bit2Me to partner with over 50 banks in 2025.
2. MicroStrategy Plans $2B Bitcoin Investment
- MicroStrategy is raising $2 billion through perpetual preferred stock to bolster its Bitcoin holdings under its “21/21” vision.
- The company currently holds 446,400 BTC, valued at $43.9 billion.
- Following the announcement, MicroStrategy’s stock surged 13.22% within 24 hours.
- Bitcoin’s price climbed to $97,977.58, underscoring MicroStrategy’s influential role in corporate BTC adoption.
3. Bio Protocol Launches on MEXC Convert
- Bio Protocol (BIO) is now available for trading on MEXC Convert, offering instant swaps with no fees.
- Trading pairs include BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Withdrawals opened on January 4, 2025.
- The project aims to revolutionize the commercialization of scientific intellectual property through blockchain technology.
4. FTX Bankruptcy Plan in Effect
- The FTX Bankruptcy Plan became effective on January 3, 2025, enabling repayments for claims of $50,000 or less within 60 days.
- Repayments are pegged at 2022 crypto prices, drawing criticism amidst current price surges.
- $16 billion in total repayments will be managed by BitGo and Kraken, covering Convenience Class claimants.
5. Microsoft’s $80 Billion AI Investment by 2025
- Microsoft plans to invest $80 billion in AI infrastructure by Q1 2025, focusing on model training and cloud-based AI applications.
- The move follows massive demand generated by ChatGPT’s success.
- Vice Chairman Brad Smith emphasized the need for balanced regulations and private capital to maintain U.S. leadership in AI.
Stay Tuned
Stay updated for more exciting developments from the worlds of cryptocurrency and technology!