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“# Sotheby’s will allow people to trade their crypto for an ‘intrinsically worthless’ rock ” Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month. According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for bids in crypto and…
“# MicroStrategy expands company’s Bitcoin holdings with $489M purchase ” MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489…
“# Crypto company CEO says the recent crypto boom brought increased adoption ” Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around initial coin offerings and a rising Bitcoin (BTC) price, 2020 and 2021 have seen the crypto space…
“# Pro basketball league in Canada will offer players Bitcoin salaries ” The Canadian Elite Basketball League will be allowing players from its seven teams to accept a portion of their salaries in Bitcoin starting next week. According to a Thursday announcement, the Canadian Elite Basketball League, or CEBL, has partnered with Toronto-based cryptocurrency exchange…
“# Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients ” Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland. According to a release issued on Friday, BBVA Switzerland will begin Bitcoin trading for all private banking clients interested in…
“# Miami mayor offers city’s clean nuclear power to Chinese Bitcoin miners ” With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity. Speaking to CNBC on Thursday, Mayor Suarez said he is inviting foreign mining companies to consider establishing…
“# FTX’s Sam Bankman-Fried: Institutions are ‘desperate’ for crypto ” As FTX and Alameda Research increasingly enter the public eye, one side effect is that the decabillionaire is himself a growing public figure. Especially after a significant donation to Joe Biden’s campaign for the US presidency, some observers hoped that SBF would come to serve…
“# An asset for all classes: What to expect from Bitcoin as a legal tender ” For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the…
“# Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman ” Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to…
“# Over 2 million adults in UK now hold crypto, FCA survey finds ” A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country. On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold…