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This week’s news
We bring you a summary of the most popular crypto asset (virtual currency) news over the past week (12/2 – 12/8).
This week, the most interesting topics were Matrixport Research’s Bitcoin (BTC) price forecast, the trend of Bitcoin spot ETFs (Exchange Traded Funds) in the US, and the rise in Bitcoin’s market capitalization.
table of contents
- This week’s featured news
- financial market
- Asia special feature
This week’s featured news
Prediction of Bitcoin reaching $125,000 in 2024, Matrixport analysis based on halving (12/2)
Matrixport Research expects Bitcoin to approach its current high of $63,140 by April 2024 and reach $125,000 by the end of the year. This analysis is based on historical Bitcoin price data as well as geopolitical and macroeconomic factors. (the article ishere)
BlackRock and others submit revised version of Bitcoin ETF application, expectations increase for simultaneous SEC approval (12/5)
It was revealed on the 4th that US asset management giants BlackRock and Bitwise have submitted an amended version of their Bitcoin spot ETF application (S-1 form) to the US Securities and Exchange Commission (SEC). There is growing speculation that the SEC is preparing to approve the postponed listing application for Bitcoin spot ETFs all at once. (the article ishere)
Bitcoin market capitalization rises to 9th place, surpassing Tesla and Berkshire, approaching 1/16 of the gold market (12/7)
Bitcoin’s market size (market capitalization) has exceeded $850 billion, ranking ninth in the world compared to traded assets including listed companies, precious metals, and ETFs. (the article ishere)
financial market
Bitcoin reaches the $40,000 level for the first time in a year and a half, and “virtual currency-related stocks” rise across the board in the stock market (12/4)
Bitcoin price continued to rise, increasing 2.52% from the previous day to 1 BTC = $40,552. On this day, virtual currency-related stocks such as Coinbase, MicroStrategy, and mining-related stocks rose significantly. (the article ishere)
Bitcoin continues to grow significantly to $45,000, with high interest in SEC actions regarding “Bitcoin ETF” (12/6)
Bitcoin price rose 4.8% from the previous day to 1 BTC = $43,829. At the beginning of the week, it remained positive for 8 consecutive weeks and continued to rise. (the article ishere)
Bitcoin rise pauses, major alts are Ethereum up 5.6% from the previous day, Solana (SOL) up 12.1% (12/8)
Bitcoin took a break from its rise on this day. On the other hand, Ethereum (ETH) rose 5.6% from the previous day, and Solana (SOL) rose 12.1%. (the article ishere)
Asia special feature
NFT adoption is progressing through hometown tax payments, and JPYC aims to revitalize the region with commemorative SBT (12/6)
Local governments across Japan are beginning to introduce NFTs (non-fungible tokens) as return gifts for hometown tax payments. This new approach leverages Web3 technology to appeal to a broader user base and leverages the properties of NFTs to design innovative benefits. (the article ishere)
Virtual currency corporate tax system to be reviewed in 2024 Adjustments will be made to exclude “issued by other companies” from mark-to-market taxation = Report (12/6)
On the 5th, the ruling Liberal Democratic Party and Komeito held a tax investigation committee for fiscal year 2024 to assess requests for tax reform from various ministries and agencies. According to the Nikkei Shimbun, it has been decided to review the corporate tax system for virtual currencies. (the article ishere)
Liberal Democratic Party-led “Digital Advanced Finance Council” launched, BitFlyer and Coincheck also participating (12/6)
It has been revealed that companies in the virtual currency industry, such as BitFlyer and Coincheck, will also be participating in the “Digital Advanced Finance Parliamentary Alliance,” which was launched by some members of the Liberal Democratic Party on the 5th. The Digital Advanced Financial Parliamentary Alliance aims to identify and improve systems that are out of touch with the times in the process of digitalizing the financial system. (the article ishere)
Casio will sell NFT “VIRTUAL G-SHOCK” limited to 2000 pieces from December 15th (12/7)
Casio Computer Co., Ltd. has announced plans to sell NFTs that represent the future shock-resistant structure of the shock-resistant watch “G-SHOCK” in virtual space. Sales of “VIRTUAL G-SHOCK NFT” will begin on December 15th. (the article ishere)
connection:Why we need a large-scale Web3 conference in Japan | WebX founder interview
Asia’s largest Web3 conference “WebX 2024” to be held at The Prince Park Tower Tokyo https://t.co/pogMJ9oqDw
The event is scheduled to be held over two days, August 28th (Wednesday) and August 29th (Thursday), 2024. We look forward to your application!
— CoinPost (virtual currency media) (@coin_post) September 29, 2023
Featured Web3 conference dates
Web3 and virtual currency/blockchain related conferences are becoming more active worldwide. In this article, we will also introduce information on major conferences scheduled to be held in the near future, mainly in Asia.
TAIPEI BLOCKCHAIN WEEK
First of all, “TAIPEI BLOCKCHAIN WEEK (Taipei Blockchain Week = TBW)” is scheduled to be held in Taipei City, Taiwan from December 11th to 16th.
The conference will be held for the second year following the “huge success of the inaugural event, which attracted over 2,000 attendees.” This year, more than 5,000 participants are expected.
TBW’s mission is to “gather industry experts from around the world in the Web3/blockchain field, educate and empower Taiwan to become a growth base for Web3 innovation,” and with the theme of “scale” in the industry, many We plan to have leaders and experts from well-known Web3 companies on stage.
In addition to regular speaker events, a hackathon combining AI and blockchain called “Crossroads” will also be held from December 11th to 13th, offering a chance to win special prizes.
ATTENTION DEVS
Taipei Blockchain Week Hackathon is officially open for registration 
Dive into the cutting-edge convergence of AI and Blockchain at Taipei Blockchain Week Hackathon – a must-attend in-person event for forward-thinking developers.
Learn more 
pic.twitter.com/gMG8hcuBYS
— Taipei Blockchain Week | Dec. 11-16, 2023 (@TaipeiWeek) August 30, 2023
TEAMZ WEB3/AI SUMMIT 2024
The next event that will attract attention is “TEAMZ WEB3/AI SUMMIT 2024,” which is themed on Web3 and AI, and is scheduled to be held at the Toranomon Hills Forum in Tokyo from April 13th to 14th.
TEAMZ WEB3/AI SUMMIT 2024 follows this year’s TEAMZ WEB3 SUMMIT 2023, and is an event focused on the potential for synergy between the AI and blockchain fields, which are attracting attention due to the rise of OpenAI and ChatGPT.
According to the official page, there will be more than 120 speakers next year, including more than 200 VCs, investors, and exhibiting companies. It is estimated that 5,000 people will attend.
TEAMZ WEB3 / AI SUMMIT 2024 is an upgraded event of TEAMZ WEB3 SUMMIT 2023, which was one of the most influential events in Japan’s Web3 industry.
This year, we will focus on both recent trends, WEB3 and AI, as our main themes… pic.twitter.com/JsjXkV9ZDe
— TEAMZ, Inc. (@teamz_inc) November 7, 2023
CoinPost official app
CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7
— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post Weekly Cryptocurrency News (+Asia Special) | High interest in prediction of Bitcoin reaching $125,000 in 2024 and trends in US ETFs appeared first on Our Bitcoin News.
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