GM! Welcome back to BitPinas Key Points – cryptocurrency news in concise formats for easy reading. In today’s daily digest: Microsoft shareholders have rejected Bitcoin, more below.
Market analysis and updates š
Here are the most notable cryptocurrencies of the day:
Cryptocurrency price update
- Bitcoin (BTC): $97,794.34, an increase of 0.4% in the last 24 hours.
- Ethereum (ETH): $3,666.23, a drop of 0.8% in the last 24 hours.
- Solana (SUN): $2,178.95, 1.1% more than the previous day.
Trending Coins Update
- Magical Eden: $5.84, 65.6% less than the previous day.
- but you: $0.1596, an increase of 189.9% in the last 24 hours.
- Alchemist AI: 0.1302 dollars, 17.3% more than the previous day.
For daily price updates, check out our post on Facebook.
Microsoft shareholders reject Bitcoin proposal
On December 10, 2024, Microsoft shareholders rejected a proposal calling for the company to allocate part of its assets to Bitcoin.
The proposal faced opposition from the board, which highlighted concerns about Bitcoin’s volatility and its potential impact on financial stability.
Key details:
- The proposal sought to position Microsoft alongside companies like MicroStrategy, which have adopted Bitcoin as part of their treasury strategy.
- Microsoft CFO Amy Hood reiterated the company’s cautious stance, but emphasized that they continue to monitor trends in cryptocurrencies and blockchain technology for potential opportunities.
What is the immediate impact?: Well, if Microsoft voted yes, it would clearly affect the rise in the price of Bitcoin. But that was not the case and instead we see Bitcoin still finding its way between $96,000 and $97,000.
What’s next? As mentioned, it seems like they’re not ruling it out completely. More favorable regulatory clarity, expected from the next US administration, could change the company’s shareholders’ view of the largest digital asset by market capitalization.
Philippines Crypto News šµš
- Coins.ph listed the chips $FLOW, $Gand $AIXBT.
- PCI PH Center shared the success of his iThink Code Camp at La ConsolaciĆ³n University.
- spark pointSparky Support Team account is set to become your AI agent.
Worthy of mention š
Key updates and announcements from around the world of cryptocurrencies and blockchain:
- Total Crypto Liquidations arose to $1.5 billion, mainly from $1.38 billion in long positions, as Bitcoin briefly fell below $95,000.
- Ethereum researcher Max Resnickknown for advocating base layer scaling over layers 2, united Solana Anza Central Development Store.
- Economist Mark Zandi predict a 2025 decline in cryptocurrencies and stocks due to overvaluation and rising Treasury yields.
Educational Corner š
Regulation monitoring š
Stay informed on the latest regulatory updates and what they mean for you:
- El Salvador is close to reaching an agreement with the IMF for $2 billion in loans, but must soften its Bitcoin law.
- The Updated UK Crypto Roadmap provides clarity in regulation, deferring supervision of stablecoin payments and introducing new rules.
- Central Bank of Iran inserted a regulatory framework to supervise the use of cryptocurrencies.
Meet Jhobert Baquisal (LinkedIn): It is one of the leaders of web3 games in the country.
- He is the leader of the Bicol Axie Express guild.
- Baquisal has been a member of the Axie Infinity community since 2019.
- He is one of the speakers at the Bicol Blockchain Conference 2024.
More news about Web3 and AI š”
Discover the latest in web3 and AI innovation.
- SMARDEX, Backed by Swiss Web3 pioneer RA2 TECH, increase $4.5 million in its public seed round for USDN, a decentralized synthetic US dollar powered by Ethereum.
- DeFi Total Value Locked (TVL) arose nearly 150% this year to $134 billion, driven by liquid recovery tokens (LRT) and Bitcoin layer 2 networks.
- The Movement Network Foundation launched its Ethereum Layer-2 network and the MOVE token, distributing tokens worth $830 million in a āMoveDropā airdrop.
The future of web3 is games and here you have the latest news.
- Skale and sequence laboratories associated launch a series of Web3 games, starting with the mobile role-playing game Zoppel.
- Creo Engine launched the CreoPlay Bot app and CreoPlay ID Wallet to enhance web3 games, offering engaging mini-games, rewards and seamless integration.
- Orochi Network and XProtocol associated to enhance web3 games, combining Orochi’s zero-knowledge data availability layer with XProtocol’s Superchain.
Event announcements š
Don’t miss it: Upcoming events, webinars and meetups in the crypto space in the Philippines!
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This article is published on BitPinas: Microsoft rejects Bitcoin | Key points | December 11, 2024
