This week has been another busy week for the cryptocurrency market. Virgin Voyages accepts Bitcoin, Donald Trump selects Paul Atkins as next US SEC Chairman, Coinbase won't work with anti-crypto law firm, Michael Saylor joins Microsoft It encouraged people to accept Bitcoin, and Bitcoin became a hit. The first time is $100,000.
Let's take a look at these and reflect on what happened with cryptocurrencies this week.
Virgin Voyages accepts Bitcoin
Current status of Sir Richard Branson's cruise company Virgin Voyages Accepts Bitcoin as a payment option For reservation.
in announcementVirgin Voyages said it would be available to passengers. Bitcoin You can pay for cruises on the company's entire fleet, including the coveted annual pass. Virgin Voyages’ Annual Pass, which offers frequent travelers a range of exclusive benefits, is also the first cruise product to accept payment in cryptocurrencies.
The company's move comes as the cryptocurrency industry is seeing increased interest from retail and institutional investors, pushing prices to all-time highs. Virgin Voyages also hopes to attract young, tech-savvy travelers and digital asset enthusiasts who are increasingly using cryptocurrencies in their daily lives.
Donald Trump selects Paul Atkins as next US SEC Chairman
President-elect of the United States donald trump have Appoints professional cryptocurrency expert Paul Atkins He will be the next chairman of the U.S. Securities and Exchange Commission (SEC).
Gary GenslerHe is the current Chairman of the SEC. I will resign on January 20th. When President Trump re-entered the White House. The news that Atkins will take on the role is an important step in fulfilling President Trump's campaign promise to bring regulatory clarity to the crypto industry.
Atkins, who served as SEC commissioner under President George W. Bush, has been an outspoken supporter of the cryptocurrency industry. Atkins' selection signals a strong push toward crypto-friendly regulation, which the industry has lacked under Gensler's leadership.
Coinbase does not work with anti-crypto law firms
Brian Armstrong, CEO coinbasehe said. Cryptocurrency exchanges do not work with law firms Hiring someone who worked against the cryptocurrency industry while in government.
In the post of ×Armstrong said it was an “ethical violation” to “illegally try to crush an industry while refusing to issue clear rules.”
We have made it known to all the law firms we work with that if we hire someone who committed these wrongdoings in the previous administration (which will soon be the case), we will no longer be their client.
Senior partners at these law firms do not appear to be aware of the crypto industry's position on this matter. https://t.co/k8R6NtfTV1 pic.twitter.com/RT0k408i9f
— Brian Armstrong (@brian_armstrong) December 3, 2024
Mr. Armstrong, from international law firm Milbank, commented: recently hired Gurbir S. Grewal As a partner in the New York office's litigation and arbitration practice. Mr. Grewal previously served as Chief Enforcement Officer at the U.S. Securities and Exchange Commission (SEC).
As head of the SEC Enforcement Division, Mr. Grewal was responsible for overseeing investigations, enforcement actions, and litigation conducted by the SEC. During his tenure at the SEC, the SEC has brought over 100 enforcement actions targeting compliance violations in the cryptocurrency space.
Armstrong added: “I don't believe in permanently firing people, but as an industry we shouldn't be putting money in their pockets after abuse.”
Michael Saylor urges Microsoft to accept Bitcoin
CEO of micro strategy argued to Microsoft that Bitcoin is the best asset a company should own and that Bitcoin represents “the greatest digital transformation of the 21st century.”
in a 3 minute video ×Saylor tagged Microsoft Chairman and CEO Satya Nadella and the board of directors, saying:
“Microsoft can't afford to miss the next wave of technology, and Bitcoin is that next wave. Bitcoin represents the greatest digital transformation of the 21st century. It represents digital capital.”
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella made it clear why companies should do the right thing and embrace #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor ⚡️ (@saylor) December 1, 2024
sailor If Microsoft wants to outperform, “it's going to need Bitcoin,” he added.
“You've given up hundreds of billions of dollars of capital over the past five years, only increasing the risk facing your own shareholders. If you want to break out of that cycle, you need assets without counterparty risk. ”
In Thaler's opinion, it's Bitcoin.
Bitcoin surpasses $100,000 for the first time
On December 5th, Bitcoin The psychological level of $100,000 for the first timethe bull market has been going on since the beginning of November.
The last time it was within reach of the landmark level was on November 22nd, when it exceeded $99,000. The highest price reached $103,500, according to CoinMarketCap data.
One of the factors that pushed Bitcoin to new heights was President-elect Donald Trump's nomination of cryptocurrency advocate Paul Atkins to be the next US SEC Chairman.
at the same time, Ethereum hits $3,900. Crypto analyst Miles Deutscher says Ethereum will drive the rise in utility coins. He also thinks Bitcoin's rise is great news for altcoins.
“The more #Bitcoin rises, the more altcoin stocks will rise,” said the analyst. noticed.
