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Three Comma Club: Michael Saylor Says He Personally Owns $1B in BTC

Bitcoin mining is not boiling the ocean, said Michael Saylor during the Aug. 7 interview on “Bloomberg Open Interest.” However, the asset sure is boiling the MicroStrategy founder’s blood for a future-proof finance platform. Bloomberg Television’s Sonali Basak asked the insatiable Bitcoin custodian, “Beyond MicroStrategy, how do you hold Bitcoin personally? Do you have a significant personal stack in addition to what you own through MicroStrategy and through MicroStrategy...

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Bitcoin Wallet From Satoshi Era Awakens After 11 Years, Transfers $14M

After 11 years of dormancy, a Bitcoin wallet belonging to a miner, dating back to the Satoshi era in 2010, has come back to life. This entity suddenly became active on August 7 and transferred 250 BTC, worth approximately $13.95 million, to five new wallets. Historic Bitcoin Wallet From 2010 Awaken According to the latest update by popular on-chain tracker Lookonchain, the wallet originally earned 250 BTC through mining in May 2010 when Bitcoin was hovering below the $1 mark....

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Futures Trading Carnival: All Users Enjoy 100 USDT Liquidation Insurance!

All Users Enjoy 100 USDT Liquidation Insurance on Bitrue! Event Period: 10:00 UTC, Aug 6 – 10:00 UTC, Aug 20, 2024 Event 1: Liquidation Insurance for All Futures TradersSign up to register for this event, all futures traders can make futures trade in any futures pair of All USDT futures, COIN-M futures and USDC futures. Enjoy up to 100 USDT of futures liquidation insurance in addition! Every user will only be eligible for Liquidation Insurance once over the event period. If there are...

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Stripe Announces Strategic Partnership with Robinhood-backed Bitstamp to Expand Operations in Europe

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Bitcoin Whales Accumulated $22.8 Billion in BTC Despite Market Drop

Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month during the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. Bitcoin Whale Accumulation CryptoQuant founder and CEO Ki Young Ju highlighted this in an August 6 post on X, saying, “I’m pretty sure something is happening behind the scenes.” This was...

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India Holds Off on Cryptocurrency Regulation Amid Economic Uncertainty

India has no immediate plans to regulate cryptocurrency sales and purchases The government is assessing crypto risks and benefits, aiming for a policy by September 2024. The Ministry of Finance states that India does not currently have any plans to regulate Cryptocurrency transactions. GM Harish Balayogi, a member of the Lok Sabha, asked questions concerning the country’s laws governing virtual digital assets (VDAs). Pankaj Chaudhary, the Minister of State for Finance, responded in writing...

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