Bitcoin Surges Past $75,000 Following Trump Victory | Hamster Kombat loses 260m users

Today’s Menu ☕️

• Hamster Kombat’s Shocking Plunge: How 260 Million Users Vanished from This Blockchain Gaming Giant

• IFC and MIGA Invest €400 Million in Tanger Med Port to Boost Morocco’s Trade Hub

• Bitcoin pushes above $75,000 as Trump’s Win Sparks Market Optimism

• Canada orders shutdown of TikTok's Canadian business operations, but app access will remain available

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🐹 BLOCKCHAIN GAMING

Hamster Kombat’s Shocking Plunge: How 260 Million Users Vanished from This Blockchain Gaming Giant

In early 2024, Hamster Kombat took the blockchain gaming world by storm. Launched on Telegram as a tap-to-earn game, it quickly amassed a record-breaking user base, reaching 300 million players in a matter of months. By November 2024, however, the game faced a steep decline, losing over 260 million users and seeing its active player base dwindle to just 41 million.

Alongside this massive drop in users, the game’s token, HMSTR, fell in value by over 76%, raising serious questions about the game’s sustainability and direction. What led to such a sharp downturn for a game that once held the crypto world’s attention?.……continue reading

 LOGISTICS

IFC and MIGA Invest €400 Million in Tanger Med Port to Boost Morocco’s Trade Hub

The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both World Bank Group members, are partnering with Tanger Med Port Complex to expand its truck and passenger terminal. This €400 million financing package, which includes a €197 million sustainability-linked loan from IFC and €203 million from a pool of international banks led by JP Morgan, aims to enhance Morocco’s position as a major regional and global trade hub.

This project will significantly increase the port’s truck handling capacity, targeting over 1 million units, nearly doubling the 477,000 trucks processed in 2023. The loan also represents Morocco’s first sustainability-linked financing and one of the first in emerging market port sectors globally. Key sustainability goals include expanding gender diversity and renewable energy use in operations...........continue reading

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🪙 CRYPTOCURRENCY

Bitcoin pushes above $75,000 as Trump’s Win Sparks Market Optimism

The cryptocurrency market surged to new highs on Wednesday, driven by optimism following former President Donald Trump’s victory in the U.S. presidential election. Bitcoin, the world’s largest cryptocurrency, led the rally with an impressive 8% jump, pushing it above $75,000, breaking its previous record from earlier this year. Other popular cryptocurrencies, including Ethereum and Dogecoin, also saw substantial gains, while crypto-related stocks soared in anticipation of a more favourable regulatory environment.

Bitcoin’s early trading spike to over $75,000 reflected a renewed confidence among investors betting on the potential growth of the cryptocurrency industry under Trump’s leadership. Ethereum, the second-largest cryptocurrency, rallied with an 8% increase, while Dogecoin—a favourite of Tesla CEO Elon Musk—soared by 18%. The market’s enthusiasm extended beyond just Bitcoin, creating a ripple effect across major tokens as the entire industry reacted positively to Trump’s plans for the crypto economy....…….continue reading

📱SOCIAL MEDIA

Canada orders shutdown of TikTok's Canadian business operations, but app access will remain available

Canada on Wednesday ordered the wind up of TikTok's business in the country citing national security risks, but added the government was not blocking Canadians' access to the short-video app or their ability to create content.

"The government is taking action to address the specific national security risks related to ByteDance Ltd's operations in Canada through the establishment of TikTok Technology Canada Inc," Innovation Minister Francois-Philippe Champagne said in a statement..…….continue reading

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