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Jeju Island in South Korea plans to launch NFT tourist cards in the second half of 2025 to attract younger visitors, particularly millennials and Gen Z. These digital cards will offer travel subsidies and discounts at local attractions, following a trial phase. The initiative aligns with Jeju's history of embracing blockchain technology, including a COVID-19 contact tracing app launched in 2021.
Chinese selfie app developer Meitu invested in 31,000 ETH and 940 BTC in spring 2021, while Japan's Metaplanet holds 1,142 BTC as of December 19. Despite bullish sentiment among traders, Bitcoin's recent decline raises concerns about a potential "Santa Claus" rally, with key support at $89,376 and resistance at $100,000. Institutional interest is waning, impacting Bitcoin's performance, while altcoins show signs of recovery, indicating a possible post-Christmas rally.
Nigeria's anti-corruption agency has arrested 792 individuals in Lagos, suspected of operating a large crypto romance scam known as "pig butchering." The operation involved foreign crime groups, primarily from China and the Philippines, recruiting local accomplices to defraud victims, mainly from the U.S. and Europe, through social media. The scheme highlights the growing trend of organized crime expanding into regions with weaker cybersecurity enforcement.
Ethereum is expected to reach record highs in Q1 2025, with analysts predicting it could surpass its previous all-time high. Currently priced at $3,899.45, Ether needs to break the $4,100 resistance to potentially rally above $8,800, as investor interest grows with a surge in new wallet creations. Meanwhile, Bitcoin has outperformed Ether, rising over 54% in the past six months compared to Ether's 12% gain.
Billionaire investor Ray Dalio warns of an impending global debt crisis, advocating for investments in hard assets like Bitcoin and gold while steering clear of debt assets. He emphasizes the unsustainable levels of indebtedness in major economies and suggests allocating up to 2% of portfolios to Bitcoin as a hedge against inflation. Meanwhile, gold advocate Peter Schiff criticizes the idea of a U.S. Bitcoin reserve, urging the Biden administration to sell the government's Bitcoin holdings to alleviate the budget deficit.
Chinese tech company Meitu has sold its entire crypto holdings of 940 Bitcoin and 31,000 Ethereum for $180 million, just before Bitcoin surpassed $100,000. The company plans to distribute 80% of the net profits as a special dividend to shareholders while shifting its focus to expanding its AI-driven photo and video editing business. Bitcoin recently hit a historic milestone, briefly reaching $103,000, driven by optimism surrounding a pro-crypto environment in the US following Donald Trump's announcement of a new SEC head.
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jeju island to launch nft tourist cards to attract younger visitors
06:52 06.01.2025
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