Giw Zanganeh, Vice President of Energy and Mining at Tether, together with Yves Bennaïm, founder of the 2B4CH think tank, have introduced an initiative to amend Switzerland’s constitution. The proposal seeks to establish a constitutional obligation for the Swiss National Bank to include Bitcoin in the country’s official reserves.
The initiators have 18 months to collect the 100,000 citizen signatures required to advance the constitutional amendment process.
“We’ve been waiting for the right moment. The current economic climate favors our initiative, which is why we’ve filed the documents and are beginning the signature collection,” Bennaïm stated in an interview with Cointelegraph.
If successful, the initiative would require the Swiss National Bank to accumulate BTC, despite anticipated resistance from the institution’s leadership, whose president recently expressed a skeptical view of Bitcoin
Source: Cointelegraph
Cryptocurrencies are volatile and risky. Invest responsibly.
Hive Digital, a leading company in the Bitcoin mining sector, has announced the relocation of its headquarters from Vancouver, Canada, to Texas. The decision is driven by the belief that the administration of Donald Trump will establish a “business-friendly environment” for the mining industry, along with the availability of suitable “energy infrastructure and skilled professionals” in Texas.
Should favorable regulations be implemented by the White House, further relocations of mining companies are anticipated.
Source: hivedigitaltechnologies.com
Cryptocurrencies are volatile and risky. Invest responsibly.
According to data from the IntoTheBlock platform, the number of long-term ETH holders has been steadily increasing. The proportion of holders on the Ethereum network has surpassed that of the Bitcoin blockchain—75.06% for ETH compared to 62% for BTC.
This trend may indicate that ETH is perceived as an undervalued asset with growth potential. The context includes a 12-month appreciation of Bitcoin by 108%, versus a 42% increase for Ethereum.
Cryptocurrency prices are significantly more susceptible to sharp fluctuations than traditional financial instruments. High price volatility may result in sudden losses and unpredictable outcomes. Trading in crypto assets involves a substantial risk of capital loss.
This material does not constitute investment advice, a personal recommendation, an offer, or an invitation to buy or sell crypto assets. Any references to past or projected performance of a given crypto asset, index, or investment product are not, and should not be considered, reliable indicators of future results.
The Bank of Korea has published a report indicating that over 15.5 million citizens hold digital assets, representing 30% of South Korea’s population.
A particularly sharp increase was recorded in the fourth quarter of 2024—investor numbers rose by 610,000 in November compared to October. The capitalization of the Korean cryptocurrency market reached KRW 102.6 trillion, marking a 100% month-over-month increase. The average portfolio value stands at KRW 6.58 million (approximately USD 4,400).
This growth coincides with the government’s decision to further postpone the implementation of capital gains tax on cryptocurrency transactions.
Source: yna.co.kr
Cryptocurrencies are volatile and risky. Invest responsibly.
