The past week has been eventful in the crypto space, with Bitcoin holding near $100K, sparking speculation about its next move. Concerns over potential data leaks have unsettled Russian Bitcoin miners, while Europe is making bold strides toward real estate tokenization, redefining investment opportunities. Meanwhile, renewed discussions on Satoshi Nakamoto’s fortune have reignited curiosity about the elusive Bitcoin creator’s wealth. Here’s a look at the other most significant developments in the blockchain world.
Russia Tightens Grip on Crypto Transactions
Russia’s Investigative Committee has introduced a new legislative proposal to regulate Bitcoin transactions through third parties. The proposed law seeks to classify cryptocurrency as property, establishing clearer guidelines for its confiscation in criminal cases. Additionally, the legislation targets the use of “droppers”—third-party bank accounts commonly involved in crypto transactions—citing their role in financial crimes, which reportedly increased by 10% in 2024. While authorities argue that these measures will enhance oversight and security, the move raises questions about its potential impact on legitimate users and the broader crypto ecosystem.
Brazil Moves Towards Institutional Crypto Investments
Brazil is taking a significant step toward embracing institutional crypto investments with a new draft bill introduced by lawmaker Adriana Ventura. The proposed legislation would open the door for investment funds to allocate capital to cryptocurrencies like Bitcoin, aligning the country with a growing global trend of integrating digital assets into traditional finance. Supporters argue that this move could solidify Brazil’s position as a leader in the Latin American crypto market, attracting more investors and fostering innovation. Meanwhile, regulators are already laying the groundwork for crypto tax reforms, expected to be announced in early 2025, which could further shape the nation’s digital asset landscape.
MicroStrategy Rebrands to ‘Strategy’ to Reflect Bitcoin Focus
MicroStrategy has rebranded as Strategy, focusing on Bitcoin and artificial intelligence. The new identity is reflected in a redesigned website featuring orange as the primary colour and a stylised ‘B’ in its logo. Founder Michael Saylor explained that the shift signals the company’s deeper commitment to Bitcoin, with Strategy holding 471,107 BTCas of February 2, 2025, purchased at an average price of $64,511 per Bitcoin. This rebrand highlights the company’s ongoing evolution, positioning itself as a key player in the cryptocurrency and AI sectors.
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Rodcas Consulting Group