Today, in the Southern District of New York, was the first hearing in the US Department of Justice’s (DoJ) case against Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill.

I attended the first hearing for the #Samourai Wallet case earlier today on behalf of @BitcoinMagazine and briefly spoke with one of the defendants, Keonne Rodriguez, after the hearing.Here's a recap of what I learned: pic.twitter.com/QZN4Ape0CZ

— Frank Corva (@frankcorva) May 28, 2024

The two developers were arrested in late April and charged with money laundering and operating an unlicensed money transmitting business.

Only Rodriguez and his attorney, Michael Krause, were present in the courtroom…

Read more on BitcoinMagazine

Metaplanet Inc., a Tokyo-headquartered Japanese public company, has just announced a, once again, strengthening of its holdings in Bitcoin. The Company’s board of directors has just resolved to inject ¥250 million in Bitcoin, equal to $1.6 million USD at the date of this writing, into its treasury, adding to its growing reserves of the world’s most popular digital asset.

Metaplanet has described in detail its accounting policy for its Bitcoin assets. Bitcoins acquired as a long-term investment are valued at acquisition cost, with no subsequent remeasurement. Bitcoins held for trading purposes are revalued at each reporting date, with any changes in fair value being recognized as an unrealized gain or loss in the non-operating income section, thereby ensuring both transparency and being in line with the market.

This purchase is strategic and is in accordance with an existing trend among companies worldwide that acknowledge Bitcoin as a valid asset. At the beginning of the month, Metaplanet acquired an additional 19.87 BTC for ¥200 million, reconfirming its strategy in integrating the use of cryptocurrency into its financial planning.

X

Semler Scientific Inc., a pioneer in healthcare technology, in its official press release, announced that it has approved bitcoin as its primary treasury reserve and has made a $40 million purchase into a total holding of 581 bitcoins in an acquisition. This strategic buy, made in due belief for contentment in its stability and results, echoes with the latest regulatory advance—authorization by the SEC for over $13 billion investments in bitcoin ETFs.

As Semler confidently believes, bitcoin equals a store of value, and surely, it is bound to be the most valuable digital asset because its repository is of better investment qualities than the conventional gold ever had. Semler Scientific believes it means the significant part of future returns from this digital gold lies ahead.

In this strategic financial realignment, Semler still maintains its primary medical services, emphasizing the sale and development of its QuantaFlo® product in cardiovascular health to assure health care advances continue to rise.

Source

BIGCAP COINS:

1. Pepe: Market Cap of $6.6 Billion.
2. Bitcoin: Market Cap of $1.3 Trillion.
3. FLOKI: Market Cap of $2.8 Billion.

MIDCAP COINS:

1. Notcoin: Market Cap of $915 Million.
2. Super Trump: Market Cap of $8.2 Million.
3. Pendle: Market Cap of $1.0 Billion.

RISING COINS:

1. MAGA: Market Cap of $191 Million.
2. Wojak: Market Cap of $109 Million.
3. TokenFi: Market Cap of $154 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join