The possible appointment of Paul Atkins as the Chair of the U.S. Securities and Exchange Commission would be a quite positive thing for the crypto industry.
Crypto oversight may shift to CFTC under Trump
It looks like the incoming Trump administration is planning a shake-up in how cryptocurrencies are regulated in the U.S., and reports suggest that the Commodity Futures Trading Commission might take over oversight of digital assets from the SEC.
Bern considers Bitcoin mining to boost grid stability
Canton of Bern in Switzerland is looking to Bitcoin mining as a potential solution for utilizing surplus energy and stabilizing its electricity grid.
Russia approves new crypto tax
The Russian government is jumping on the crypto taxation bandwagon just as Bitcoin reaches new heights against the ruble.
XRP forecast for December 2024
As of November 29, 2024, the price of XRP is $1.58. Based on recent market analyses and expert predictions, the price of XRP may experience fluctuations in December 2024.
It is anticipated that XRP could reach approximately $2.57 during that month.
Notably, XRP’s price trends may be influenced by Bitcoin’s halving event. Historically, XRP has shown significant growth around 228 days after a Bitcoin halving.
Given recent market dynamics, XRP’s price may perform positively in December.
However, the cryptocurrency market is highly volatile, and prices can be affected by various factors, including market sentiment, regulatory changes, and macroeconomic conditions.
In particular, the progress of a potential XRP ETF launch in December could significantly impact XRP’s price.
Ryan Lee, Chief Analyst at Bitget Research
Tax exempt for crypto in Hong Kong?
Hong Kong is stepping up its game to become a leading offshore finance hub by proposing tax exemptions for hedge funds, private equity funds, and ultra-wealthy investors, as the city is trying to attract more global capital, especially in the booming crypto market.
