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I told you recently about #MicroStrategy #BTC purchase?
Hal Press, founder of North Rock Digital, criticized MicroStrategy's bitcoin acquisition strategy and said that the company would eventually have to sell all of its BTC.
Well, where would we be without his opinion, really).
"The idea of taking a software #company and using it to acquire bitcoin is so comically stupid it's even funny. It would be so obvious in retrospect," he said.
Press also noted that it won't happen anytime soon and will take at least a few years.
An interesting observation from #Blockchains Center at
The platform simulated a situation in which MicroStrategy would buy #ETH rather than bitcoins, then the company would have 3.68 million coins worth $6.883 billion. By comparison, the value of bitcoins owned by the company is $3.926 billion.
Hal Press, founder of North Rock Digital, criticized MicroStrategy's bitcoin acquisition strategy and said that the company would eventually have to sell all of its BTC.
Well, where would we be without his opinion, really).
"The idea of taking a software #company and using it to acquire bitcoin is so comically stupid it's even funny. It would be so obvious in retrospect," he said.
Press also noted that it won't happen anytime soon and will take at least a few years.
An interesting observation from #Blockchains Center at
The platform simulated a situation in which MicroStrategy would buy #ETH rather than bitcoins, then the company would have 3.68 million coins worth $6.883 billion. By comparison, the value of bitcoins owned by the company is $3.926 billion.
#Ferrari Begins Accepting Cryptocurrency Payments in the US
Italian luxury car manufacturer Ferrari has introduced digital assets as a payment method in the United States, with plans to expand to Europe in the first quarter of 2024, according to Reuters.
Enrico Galliera, Ferrari's Chief Commercial and Marketing Officer, explained that this decision was made in response to requests from dealers and customers, many of whom have invested in cryptocurrencies. "Some of them are young investors who have built their wealth through digital assets. Others are more traditional investors looking to diversify their portfolios," he said.
Ferrari has partnered with payment processing service #BitPay which will convert received assets into fiat currency. Initially, the #company is accepting Bitcoin, Ethereum, and the stablecoin #USDC
"This will allow us to connect with people who may not necessarily be our customers but can afford a Ferrari. Prices will remain unchanged, with no fees or surcharges when paying with cryptocurrencies," Galliera noted. In the first half of 2023, Ferrari delivered over 1,800 vehicles in North America. However, the company has not specified how many vehicles it plans to sell with cryptocurrency payments.
It's worth mentioning that in January, the German car manufacturer Porsche launched its own #NFT collection. In May 2022, Italian fashion house Gucci began accepting digital asset payments in five of its US stores. $BTC $ETH
Italian luxury car manufacturer Ferrari has introduced digital assets as a payment method in the United States, with plans to expand to Europe in the first quarter of 2024, according to Reuters.
Enrico Galliera, Ferrari's Chief Commercial and Marketing Officer, explained that this decision was made in response to requests from dealers and customers, many of whom have invested in cryptocurrencies. "Some of them are young investors who have built their wealth through digital assets. Others are more traditional investors looking to diversify their portfolios," he said.
Ferrari has partnered with payment processing service #BitPay which will convert received assets into fiat currency. Initially, the #company is accepting Bitcoin, Ethereum, and the stablecoin #USDC
"This will allow us to connect with people who may not necessarily be our customers but can afford a Ferrari. Prices will remain unchanged, with no fees or surcharges when paying with cryptocurrencies," Galliera noted. In the first half of 2023, Ferrari delivered over 1,800 vehicles in North America. However, the company has not specified how many vehicles it plans to sell with cryptocurrency payments.
It's worth mentioning that in January, the German car manufacturer Porsche launched its own #NFT collection. In May 2022, Italian fashion house Gucci began accepting digital asset payments in five of its US stores. $BTC $ETH
Binance under investigation in France?
The #Paris Prosecutor's Office confirmed that the French justice system is investigating #Binance for aggravated #money laundering.
The Parisian prosecutor's office revealed in its statement that the investigations against Binance date back more than a year. They indicate that JIRS in Paris referred the investigation to the judicial investigation service in February 2022.
According to the prosecution, the investigations against Binance have two key objectives. The first has to do with investigating a possible "illegal exercise" of the exchange's role as a provider of cryptoactive services.
The second objective of the prosecution is to investigate the alleged commission of the crime of aggravated money laundering by Binance. Also considering the alleged investment, concealment and conversion operations carried out by the actors to obtain benefits.
The largest cryptocurrency exchange by trade volume came out and confirmed that there is an investigation against the #company from France.
On Twitter, Binance admitted that French authorities visited the company's offices on-site last week and that "regulatory investigations" are ongoing, without elaborating.
The Parisian prosecutor's office revealed in its statement that the investigations against Binance date back more than a year. They indicate that JIRS in Paris referred the investigation to the judicial investigation service in February 2022.
According to the prosecution, the investigations against Binance have two key objectives. The first has to do with investigating a possible "illegal exercise" of the exchange's role as a provider of cryptoactive services.
The second objective of the prosecution is to investigate the alleged commission of the crime of aggravated money laundering by Binance. Also considering the alleged investment, concealment and conversion operations carried out by the actors to obtain benefits.
The largest cryptocurrency exchange by trade volume came out and confirmed that there is an investigation against the #company from France.
On Twitter, Binance admitted that French authorities visited the company's offices on-site last week and that "regulatory investigations" are ongoing, without elaborating.
#UTU raises $35M to help travelers get more from tax-free shopping...
Utu, a #travel tech #company that helps flyers get more out of their tax-free #shopping, announced today it has raised a $35 million Series B led by SC Ventures. Part of the funding was used to acquire CardsPal, a Singapore-based fintech that offers deals and promotions nearby to #users.
Utu, a #travel tech #company that helps flyers get more out of their tax-free #shopping, announced today it has raised a $35 million Series B led by SC Ventures. Part of the funding was used to acquire CardsPal, a Singapore-based fintech that offers deals and promotions nearby to #users.
Bitcoin ATM operator Bitcoin Depot today launched on the Nasdaq stock exchange, making it the first U.S. company of its kind to go public.
The companyâone of the largest Bitcoin ATM operators in the countryâlast week announced its merger with blank check company GSR II Meteora.
Bitcoin Depot, which is listed under the ticker BTM, was trading for $3.61 per share at the time of writing, according to Nasdaq data. At one point earlier this morning, the price was as high as $6.62âa noticeable shift.
#nasdaq #bicoinatm #company #listed #cryptoonindia
The companyâone of the largest Bitcoin ATM operators in the countryâlast week announced its merger with blank check company GSR II Meteora.
Bitcoin Depot, which is listed under the ticker BTM, was trading for $3.61 per share at the time of writing, according to Nasdaq data. At one point earlier this morning, the price was as high as $6.62âa noticeable shift.
#nasdaq #bicoinatm #company #listed #cryptoonindia
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OpenAI... appoints a retired US general to its board of directors
OpenAI has appointed Paul M. Nakasone (retired US Army general and former head of the National Security Agency) to its board of directors.
, will join the Board of Directors' Safety and Security Committee, which OpenAI established in late May to evaluate and improve its policies for testing models and reducing abuse.
By appointing Nakasone, the reports continued, it is trying to suppress criticism of its security practices, including from some of the company's current and former employees.
It is noteworthy that OpenAI for Artificial Intelligence Research was established with the aim of enhancing and developing artificial intelligence systems so that they are safe from risks, and aims to cooperate freely with institutions and researchers.
#Binance #OpenAI #Security #general #company $BTC $BNB
OpenAI has appointed Paul M. Nakasone (retired US Army general and former head of the National Security Agency) to its board of directors.
, will join the Board of Directors' Safety and Security Committee, which OpenAI established in late May to evaluate and improve its policies for testing models and reducing abuse.
By appointing Nakasone, the reports continued, it is trying to suppress criticism of its security practices, including from some of the company's current and former employees.
It is noteworthy that OpenAI for Artificial Intelligence Research was established with the aim of enhancing and developing artificial intelligence systems so that they are safe from risks, and aims to cooperate freely with institutions and researchers.
#Binance #OpenAI #Security #general #company $BTC $BNB
