Binance CEO Changpeng Zhao Pleads Guilty, Steps Down

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In a shocking development to the international Bitcoin community, Binance founder and CEO Changpeng Zhao is stepping down from his role as part of a guilty plea on criminal and civil charges in the US. Binance, the largest digital asset exchange in the world by volume, has seen its very future…

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The Rise Of Ordinals And NFTs On The Medium Of Bitcoin

The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends on miners who receive their revenue from transaction fees and block rewards. As part of the predetermined supply schedule, the block rewards are expected to be halved around April 2024 which would further drastically cut the miner revenue. To support…

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MicroStrategy Buys An Additional 16,130 Bitcoin For $593 Million

MicroStrategy, a leading business intelligence and software company, has continued its steadfast commitment to Bitcoin by purchasing an additional 16,130 BTC at a total cost of $593.3 million, Founder & Chairman Michael Saylor announced today. The purchase came as Bitcoin’s price has been experiencing upward momentum, reaching a recent yearly high of over $38,300. The company initially entered the Bitcoin market in August 2020, making a significant initial investment of $250 million into BTC. Since then, they have consistently added to their Bitcoin holdings, creating a treasury reserve strategy that…

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Scaramucci: Spot ETF Will Help Wall Street’s Salesforce Drive Billions Into Bitcoin

If there’s one thing people are underestimating about a Bitcoin spot ETF approval, it’s the reality of Wall Street’s marketing engine. At least that was the takeaway from capital allocator Anthony Scaramucci’s most recent visit to crypto industry podcast “The Scoop.”  In the interview, Scaramucci talked at length about how a Bitcoin ETF is poised to reshape the investing landscape. In particular, the founder of SkyBridge Capital, declared that an ETF “approved by the federal government” would unleash a salesforce tsunami, channeling billions into the cryptocurrency. Scaramucci, a Wall Street veteran, underscored…

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