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5 Apr 2023
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MicroStrategy expands its crypto holdings with 1,045 BTC purchase worth $29.3M taking its total holdings to 140,000 BTC worth over $12.6 billion.
#Microstrategy
#crypto
#cryptonews
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Leading crypto asset manager Grayscale has launched the #Bitcoin Miners ETF (MNRS) launch, exposing investors to the mining ecosystem. According to a press release, the newly launched fund will invest in companies under the Indxx Bitcoin Miners Index. This index tracks the performance of companies primarily generating revenue from Bitcoin mining and other mining-related services, hardware, and software. Grayscale Bitcoin Miners ETF Notably, Grayscale emphasized the importance of the Bitcoin mining industry, particularly in maintaining the network’s security. As a result, MNRS will grant investors indirect exposure to companies focused exclusively on Bitcoin mining or related activities. In addition, the newly launched fund would serve as an alternative to direct Bitcoin investment. Grayscale’s Global ETF Head, David Lavalle, noted investors can gain targeted exposure to Bitcoin miners through the MNRS fund. Furthermore, Lavalle recognized Bitcoin miners’ role in securing the network. He emphasized that they are well-positioned for significant growth amid the soaring adoption of Bitcoin. Consequently, he mentioned that this growth potential makes MNRS a suitable investment vehicle for diverse investors. #cryptonewstoday
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Bob Menendez, a former U.S. Senator and popular Bitcoin critic, has been sentenced to 11 years in prison over corruption charges. U.S. District Judge Sidney Stein issued the sentence yesterday after the 71-year-old Democratic Senator was convicted in July 2024. Menendez Charges and Sentencing According to a press release from the Department of Justice, Menendez received an 11-year jail term for his involvement in a fraudulent scheme in which he and his wife, Nadine Menendez, accepted bribes from two businessmen he helped: Fred Daibes and Wael Hana. Notably, they bribed Menendez with gold, cash, and other luxury items in exchange for political favors benefiting Qatar and Egypt. Meanwhile, the judge sentenced Hana and Daibes to eight and seven years in prison for their involvement in the scheme. The court has yet to sentence Nadine; her corruption trial will take place on March 18. According to the verdict, Menendez abused his position as a Senator to advocate for policies favoring foreign governments, interfere in legal cases, and compel U.S. officials to protect Hana’s Egyptian business monopoly. Prior to his conviction, the FBI raided his home, recovering fiat currencies worth $480,000, gold bars valued at around $150,000, and a Mercedes-Benz convertible. While prosecutors pushed for a 15-year jail term, his counsel requested eight years. However, the judge sentenced him to 11 years in prison. #CryptoNews🚀🔥V
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"Ethereum Bulls Defend $3,200 as Momentum Builds Toward $4,361"
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#Cardano founder Charles Hoskinson has inspired yet another meme coin. When people think about Cardano, a leading Layer 1 chain renowned for its peer-reviewed research and thoughtful approach to development, the last thing they are likely to think about are meme coins. Yet this same blockchain hosts significant meme coin activity with several thriving meme coin communities. Popular examples are Snek, Hosky, and NIKE. Meanwhile, in a recent development, Cardano’s meme coin ecosystem has again jumped into the spotlight with another launch, seeking to generate attention with the name of the network’s founder. Official Charles Meme Coin After inspiring the likes of Hosky (inspired by a play on his last n ame), NIKE (named after his pet pig), and SHARL (a play on his first name), Cardano founder Charles Hoskinson has inspired yet another meme coin. Within the past 24 hours, a Cardano community figure has created a token called Official Charles Meme Coin (CHARLES), no doubt taking a page from the naming convention of recently launched meme coins by President Donald Trump and his wife Melania, with an image of the network’s founder. Taking things a step further, the token creator sent 90% of the token supply, about 900 billion CHARLES, to Hoskinson to drive attention around the token. According to TapTools data, the token has surged nearly 2,000,000% since its launch. With just 769 holders, it boasts a $2.96 million market cap. At current prices of $0.000033, Hoskinson’s 90% stake is worth $29.7 million. #CryptoNews🚀🔥V
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