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Coinbase recently upgraded its payment product, retaining Shiba Inu (SHIB) as a result of its EVM compatibility, while removing coins like Bitcoin and Dogecoin.
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Recent speculation on X has ignited discussions about the possibility of Sam Bankman-Fried (SBF), the embattled #FTX founder, receiving an early pardon from the outgoing President Joe Biden. The conversation gained traction when widely followed influencer Wall Street Mav tweeted, âThe second-largest donor to the Democrats might receive an early pardon from President Biden,â referring to SBF. Elon Musk Reacts The tweet has garnered over 1.1 million views, attracting commentaries from various prominent figures like Elon Musk. In response to the speculation, Musk remarked that the real surprise would be if the rumor were untrue. âI will be shocked if this doesnât happen,â he stated. Muskâs comment aligns with his skepticism toward the current administration. A vocal critic of several policies and decisions by the Biden administration, Musk has frequently expressed his distrust. Notably, during the recent presidential election, Musk openly supported the opposition, led by Donald Trump, who ultimately secured the presidency. Trump will take office next month, promising significant policy shifts from the outgoing administration. #CryptoNewsCommunity
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Business intelligence firm MicroStrategy has further augmented its #Bitcoin bag with a much-expected 5,262 BTC purchase on Monday. MicroStrategyâs chairman, Michael Saylor, confirmed the latest acquisition in a tweet on Monday. The software development firm extended its weekly acquisition streak by purchasing 5,262 BTC ($561 million). According to the announcement, MicroStrategy bought the bitcoins at an average price of $106,662 per coin, bringing its total to 442,262 BTC ($42 billion). MicroStrategy Extends Its Weekly Bitcoin Purchase Streak Meanwhile, MicroStrategy has announced Bitcoin acquisitions for seven consecutive weeks as its appetite for the premier asset reaches insane levels. The firm resumed the streak on November 11 with a purchase of 27,200 BTC ($2.03 billion) and has accrued 192,042 BTC since then. MicroStrategyâs Bitcoin average cost now stands at $62,226, with the firm spending $27.64 billion to acquire its 442,262 BTC. This indicates that the pro-Bitcoin firm has a lifetime portfolio unrealized profit of $14.57 billion. Notably, the crypto community expected the Monday announcement. Enthusiasts have uncovered a trend in which Saylor mentions a desire to add new dots to MicroStrategyâs portfolio tracker before making a buy announcement the following day. #CryptonewswithJack
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Michael Saylor, chairman of MicroStrategy, has intensified his advocacy for #Bitcoin adoption among leading global corporations, now taking it to Amazon boss Jeff Bezos. In a recent post on X, Saylor directly suggested that Jeff Bezos, Amazonâs founder, should consider Bitcoin a significant investment. Saylorâs recommendation comes as Bezos reportedly prepares for a $600 million wedding celebration. Meanwhile, Saylor urged Bezoz instead to leverage the $600 million sum for Bitcoin acquisition. â$600M would buy a lot of Bitcoin,â he said. Reports indicate that Jeff Bezos is set to wed Lauren Sanchez on December 28 in Aspen, Colorado. According to the report, the event will feature extravagant arrangements, including the acquisition of a high-end sushi restaurant with seating for up to 180 guests. Furthermore, multiple luxurious mansions have been rented to host the eventâs attendees. However, Bezos has denied reports about the million-dollar celebration, calling the claims âcompletely falseâ and cautioning against believing everything seen in the media. Amazon Discussing Bitcoin Adoption Meanwhile, Saylorâs proposal for Bitcoin acquisition coincides with growing momentum among Amazonâs stakeholders to explore Bitcoin adoption. The National Center for Public Policy Research (NCPPR), a U.S.-based think tank, has recently encouraged Amazon to examine Bitcoinâs integration into its financial operations. This initiative will culminate in a shareholder vote during Amazonâs annual meeting in April, where the inclusion of Bitcoin on the companyâs balance sheet will be a key agenda item. #CryptoNewsFlash
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