Month: June 2023

MicroStrategy buys $347M worth of Bitcoin amid market thaw

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On June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of BTC owned by MicroStrategy increased to 152,333 ($4.52 billion), with an average purchase price of $29,668 apiece.  The total average purchase price is close to the $28,136 purchase price disclosed in the day’s announcements. The coins were bought between April 27 and June 27. The purchase was partly financed with the issuance of new stock, as the company wrote: “On…

Bitpanda Pro Morphs to One Trading after Closing Series A Funding Round with €30 Million

One Trading intends to launch USD trading pairs, launch derivatives offerings, and announce new crypto listings including Bitcoin and Ethereum. After operating as one entity since 2019, Bitpanda and Bitpanda Pro have separated with the latter rebranding to One Trading following the successful closure of a Series A funding round with €30 million. According to the announcement, Bitpanda will retain a small stake in the new entity but will continue to operate independently in its future growth prospects. Notably, the funding round that enabled the separation was led by Peter…

Bankrupt FTX Initiates Early Talks on Crypto Exchange Relaunch: Report

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Bankrupt digital asset exchange FTX has kicked off initial discussions with potential investors as part of efforts towards relaunching the cryptocurrency trading platform, Wall Street Journal reported on Wednesday, citing John J. Ray III, the exchange’s new Chief Executive Officer. Explore limitless, instant crypto swaps. Choose from 1000+ coins and tokens and exchange with no registration or sign-up. Experience a platform that prioritizes your data privacy and fund security. According to the American publication, FTX is considering floating a rebranded entity operated through various structures, including as a joint venture.…

Bitcoin (BTC) Leads as Crypto Funds See Largest Inflow in a Year

Dollar-pegged stablecoin TrueUSD (TUSD) is trading at a discount relative to peer tether (USDT) on Binance.US, the U.S. subsidiary of Binance. At press time, the TUSD/USDT pair traded at 89 cents on Binance.US, having hit a low of 80 cents on Wednesday, data from charting platform TradingView show. On Binance, the pair traded at around $0.9980. Volatility in stablecoins, which have evolved as funding currencies over the past three years, often feeds into the broader market, though so far this hasn’t happened in this instance as bitcoin continues to trade…

FTX in Talks to Relaunch Its International Crypto Exchange

The possibility of FTX reopening its crypto exchange services under the new management has been tagged feasible by some industry observers. The FTX derivatives exchange, the bankrupt cryptocurrency trading platform, has recently unveiled its plans to revive its international crypto exchange, according to reports by Wall Street Journal. This decision comes in the face of a tarnished reputation, as its bankruptcy caused a series of setbacks and challenges that have affected its standing in the market. According to its CEO John Ray, the company remains determined to regain its position…

Michael Saylor’s MicroStrategy Spends $347 Million Buying 12,333 Bitcoin

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Summary: MicroStrategy added to its massive Bitcoin coffers with a $347 million purchase. The company bought an additional 12,333 BTC at an average price of $28,136 per coin, Founder and Chairman Michael Saylor shared. MicroStrategy now owns 152,333 Bitcoins worth approximately $4.6 billion, further solidifying the company as the largest corporate holder of BTC. MicroStrategy added to its BTC holdings after spending $347 million in cash buying 12,333 Bitcoins between April 29 and June 27, a filing with the U.S Securities and Exchange Commission shared on Wednesday showed. The company…

European Commission Publishes Proposals to Preserve Cash and Create Digital Euro Framework

The European Commission’s proposals for the use of cash and the digital Euro contain similar content as a draft bill leaked earlier in June. The European Union has published proposals that seek to preserve the use of cash in the region, while simultaneously setting a framework for the possible issuance of a digital euro. According to proposals by the European Commission, the aim is to ensure that banknotes and coins are still as accessible as ever while digital options are also supported. The Commission said people in the EU have been…

Consensus Web3athon 2023 Reveals Its Winners

With over 6,400 participants, the winners were selected from over 160 final submissions. The winning projects addressed a wide range of needs around protocol infrastructure and applications, including network privacy, zero-code development and e-commerce. Nearly half of applicants were building on Solana and XDC, with the next most popular networks being Polkadot and the Ethereum and Cosmos-compatible OKT Chain (OKTC). Source