CoinQue Chronicles
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The global crypto landscape is heating up as innovative developments unfold: the US Bitcoin reserve concept could ignite a worldwide race, according to Metaplanet's CEO, while KuCoin enhances accessibility with a new crypto payment system for its exchange users. Meanwhile, Syria is exploring Bitcoin legalization to aid its economic recovery, and Binance strengthens its foothold in Latin America by acquiring a licensed broker-dealer in Brazil. Amid these shifts, a bold prediction suggests Bitcoin could slash 36% of US debt by 2050, underscoring its potential to redefine financial systems. Keep reading for the full scoop!
Metaplanet CEO Simon Georvich predicts a worldwide rush for Bitcoin accumulation if the United States adopts a Bitcoin Strategic Reserve. Gerovich stressed the potential chain reaction a US move to embrace Bitcoin could ignite. He suggested that adopting would trigger competitive behavior among countries where early movers benefit most while latecomers face higher costs.
Crypto exchange KuCoin introduced a point-of-sale (PoS) system allowing its users to pay businesses using their exchange balances. The KuCoin Pay tool will allow merchants to integrate crypto payments into their systems while letting customers make purchases by scanning a QR code or using the KuCoin application.?
Syria has proposed legalizing Bitcoin and digitizing its currency as part of efforts to rebuild after the fall of the Assad government. Proposed by the Syrian Center for Economic Research (SCER), the initiative aims to stabilize the nation’s war-torn economy, attract foreign investments, and address ongoing global financial challenges.
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Binance, recognized as the world’s largest cryptocurrency exchange by volume, announced on January 2, 2025, its approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer operating in Latin America. This allows Binance to operate as a locally licensed broker-dealer in Brazil, paving the way for broader crypto service availability across the region.
VanEck estimates that Bitcoin could help manage the US Debt Crisis by 36% in 2050. The report estimates Bitcoin to grow $42.3 million by 2049, with a CAGR of 25%, much lower than Bitcoin's actual growth rate of 109% since 2009. The US Govt. must procure an additional 800k BTC for this task.
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