{
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Tesla's U.K. sales rose nearly 21% in February, with almost 4,000 new electric cars registered, contrasting sharply with a 76% drop in Germany and a significant decline in the EU. Analysts suggest that Elon Musk's controversial ties to political figures may be impacting sales, despite overall growth in the electric vehicle market. The automaker's global deliveries fell by 1% in 2024, reflecting broader challenges, including a 49% slump in China.
President-elect Donald Trump is forming a crypto advisory council comprising 24 CEOs to collaborate with the SEC, CFTC, and Treasury for regulatory clarity and to draft cryptocurrency legislation. The council aims to establish a strategic Bitcoin reserve and promote a pro-crypto environment.The crypto industry is preparing for the 'Inaugural Crypto Ball' on January 17 in Washington, DC, organized by BTC Inc and Stand With Crypto, with tickets priced at $2,500. Key figures, including Circle CEO Jeremy Allaire, have engaged with Trump to discuss crypto-friendly policies and support the new administration.
Pierre Poilievre, the Conservative front-runner, has garnered support from the crypto community, but skepticism remains about his commitment to the sector amid recent scandals. While he previously advocated for crypto, the Conservatives are likely to avoid the topic in the upcoming election, focusing instead on pressing issues like affordability and housing. With the political landscape shifting, the future of crypto in Canada may hinge on the next government’s willingness to engage with the industry.
Canadian Prime Minister Justin Trudeau's resignation has positioned Pierre Poilievre, leader of the Conservative Party, as the front-runner for the upcoming federal election. Poilievre has garnered significant support from the cryptocurrency community, including endorsements from Elon Musk and Coinbase CEO Brian Armstrong, for his advocacy of Bitcoin and opposition to central bank digital currencies. Meanwhile, Vancouver City Council is exploring the possibility of holding Bitcoin in reserve and accepting cryptocurrency for municipal services.
Canadian Prime Minister Justin Trudeau announced his resignation, paving the way for Conservative leader Pierre Poilievre, who is gaining significant support from the cryptocurrency community. Poilievre advocates for Bitcoin adoption and has been endorsed by figures like Elon Musk and Coinbase CEO Brian Armstrong. Vancouver's city council is also exploring holding Bitcoin in reserve and accepting cryptocurrency for municipal services, reflecting a growing trend towards digital currency in Canada.
On December 9, 2024, the inaugural Bitcoin MENA Conference commenced in Abu Dhabi, featuring an exclusive networking event hosted by Malak Albaw and Reni Achkar, co-hosted by n8 Capital. This gathering attracted hedge funds, institutional investors, and blockchain innovators, highlighting Abu Dhabi's rise as a global blockchain hub amid a significant milestone of Bitcoin reaching $100,000. The conference showcased prominent speakers, including Eric Trump and Binance's Changpeng Zhao, emphasizing the UAE's growing role in the cryptocurrency landscape with $34 billion in transactions over the past year.
Changpeng Zhao, co-founder of Binance, declared at the Bitcoin MENA conference that "Bitcoin is the future of money," emphasizing the need for countries to reconsider their anti-Bitcoin stances due to its borderless technology. He suggested that nations like El Salvador should implement multi-signature solutions for security and advised former President Trump to clarify regulations and invest in the crypto industry to bolster Bitcoin's influence in the U.S. Following a brief prison sentence, Zhao is now focused on cryptocurrency education through his initiative, Giggle Academy.
David Bailey
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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