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MicroStrategy trusts Bitcoin almost blindly


Right in yesterday’s crypto roundup we shared the disclosure according to which MicroStrategy demonstrated that it trusts Bitcoin by making it its main reserve asset. Shortly after the publication the company revealed to have acquired more than 16,000 Bitcoins.

MicroStrategy trusts Bitcoin and is not alone

At present, trust is one of the most valuable and difficult elements to obtain, however, Bitcoin is a born conqueror. And, so far this week, several people have started or increased their bet on crypto.

Yesterday the CEO of MicroStrategy published a tweet where he pointed: “On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at a total price of $ 175 million”.

“To date, we have purchased a total of 38,250 Bitcoins at a total purchase price of $ 425 million, including fees and expenses.”Saylor added in his tweet.

Without a doubt, MicroStrategy relies on Bitcoin when consider it the “digital gold: harder, stronger, faster and smarter”.

And Saylor is not alone. Just today Kiss rocker Gene Simmons appears to have endorsed Bitcoin on Twitter.

This happened after the rocker responded to a Tweet from Cameron Winklevoss saying “I will. I am”. Simmons did not offer further details on this, but that was not a necessary requirement to wake up the entire crypto community.

Likewise, Jim Cramer, host of CNBC Mad Money, pointed out during a podcast with Anthony Pompliano the possibility of him investing 1% of his net worth in Bitcoin (BTC).

These are just some of the latest recognized names that have decided to jump from the traditional to Bitcoin. Who will be the next?

Ethereum 2.0 getting closer

Today the Ethereum Foundation announced the launch of the second parallel testnet, called Spadina, which will run alongside the Medalla testnet.

The reason for this, the foundation’s post explains, is that the team doesn’t want to interrupt the developers running the Medalla testnet, but they want to test certain specific elements.

As developer Danny Ryan points out, Spadina will offer everyone a chance to basically do a “dress rehearsal” before the final release.

Binance is in demand!

Fisco, a Japanese crypto exchange, alleges that Binance failed to control the withdrawal of more than $ 9.4 million in illicit funds linked to a 2018 hack, according to a complaint filed in the Northern California District Court on Sept. 14.

Basically, the plaintiff claims that the weak Know Your Customer (KYC) requirements and its high withdrawal limits facilitate money laundering through the crypto exchange. Binance in trouble?

The United States will unify regulations for crypto companies

According to a Reuters report, a new regulatory approach with the aim of reducing compliance costs was presented today by the Conference of US State Bank Supervisors.

It is very good news! Regulatory uncertainty means that many companies have to invest billions of dollars a year. So a unification would clearly reduce compliance costs.

In a few lines …

  • The Tezos Blockchain is chosen to perform the tests of a French central bank CBDC, being one of the first in all of Europe.
  • The SEC struck a deal with Unikrn on its $ 31 million ICO that attracted top investors such as Mark Cuban and Ashton Kutcher. Unikrn will have to pay $ 6 million in fines.
  • The NYAG asks Tether to provide documents related to the alleged Bitfinex loan.

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