MicroStrategy's BTC Boost, adds 155 more
FTX Trial Nears Conclusion, Senator Cruz Embraces Bitcoin Donations, China Cracks Down on Crypto Fraud
Welcome to the Coinfeeds Daily Digest! Leading the charge, MicroStrategy cements its status in the crypto echelon with a significant Bitcoin acquisition, pushing its inventory to a monumental count. Meanwhile, the legal drama unfolds as FTX's Sam Bankman-Fried braces for closing arguments in a court case that's as intricate as the blockchain itself. In a political pivot, US Senator Ted Cruz embraces Bitcoin, setting a new precedent for campaign funding. Across the Pacific, a major fraud conviction in China underscores the legal challenges facing the crypto world. These stories and more lie ahead—dive in for a detailed exploration of today's crypto events.
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MicroStrategy Acquires 155 Bitcoin, Strengthening its Position as a Major Holder
Microstrategy, a leading business intelligence company, has continued to strengthen its position as a major Bitcoin holder. The company recently acquired an additional 155 Bitcoin for $5.3 million, according to recent reports. This latest acquisition brings MicroStrategy's total Bitcoin holdings to a staggering 158,400 | Read More
FTX founder Sam Bankman-Fried's closing arguments begin in high-profile fraud trial
The closing arguments in the high-profile fraud trial of Sam Bankman-Fried, the founder of FTX and Alameda Research, began on Wednesday. Prosecutors have spent the last four weeks presenting evidence against Bankman-Fried, who is facing serious charges of wire fraud and conspiracy. | Read More
US Senator Ted Cruz To Accept Bitcoin for Campaign Donations
US Senator Ted Cruz has made a significant move in the world of politics and cryptocurrency. He has decided to start accepting Bitcoin for campaign donations, marking a significant step in the adoption of cryptocurrencies in mainstream politics. | Read More
21 Individuals Sentenced in $300 Million Crypto Fraud Case in China
In a recent development, a court in China has sentenced 21 individuals for their involvement in a massive fraud case amounting to $300 million. The group was found guilty of using a decentralized wallet, Bitpie, to facilitate the transfer of proceeds from online fraud and illegal casinos. The funds, denominated in Tether (USDT), a popular digital asset, were converted to Chinese Yuan (RMB). | Read More
Coinbase Launches Regulated Crypto Futures Service for Retail Traders
Coinbase, a leading cryptocurrency exchange, has launched a new service called Coinbase Advanced, which offers regulated crypto futures to retail traders in the United States. The development comes after Coinbase Financial Markets (CFM) received the green light to operate as a Futures Commission Merchant (FCM) entity. | Read More
Tether Provides $610 Million Debt Financing to German Bitcoin Mining Company
Tether, the issuer of the USDT stablecoin, has recently provided a substantial $610 million debt financing facility to Northern Data AG, a German Bitcoin mining company. This move is part of Tether's ongoing expansion into Bitcoin mining operations and comes after the company acquired a stake in Northern Data in September 2023. | Read More
PayPal Secures UK Crypto License with Restrictions
PayPal has recently obtained approval from the UK's Financial Conduct Authority (FCA) to offer crypto services in the country. The license allows the company to engage in certain crypto asset activities, marking a significant step for PayPal in the UK's crypto market. | Read More