Transaction URL: https://tronscan.org/#/transaction/ef91695573fae80fe3aea99aff0af2fba039d5c62d8b0e5e14680538943a1b8b
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Following President-elect Donald Trump’s victory and the Republican Party’s success in the U.S. elections, Greg Cipolaro, the global head of research at NYDIG, is urging investors to stop avoiding bitcoin. Cipolaro asserts that the political landscape now makes it essential to include bitcoin in investment portfolios, highlighting the availability of “easy-to-access, well-regulated products like ETFs.” He warned that overlooking bitcoin could lead to significant financial disadvantages.
The sentiment around the cryptocurrency has been bullish, with bitcoin’s value increasing by 18% in just the past week. Market analysts, including those from JPMorgan and Bernstein, forecast further gains for bitcoin, influenced by large-scale investments and growing market interest. With predictions of bitcoin reaching as high as $250,000 by 2025, experts suggest that missing out on bitcoin now could be a costly mistake for investors.
In the latest development in the FTX bankruptcy case, the collapsed entity has launched a lawsuit against cryptocurrency exchange Binance BNB/USD, aiming to reclaim $1.8 billion.
What Happened: The plaintiffs in the case are alleging that Binance, its ex-CEO Changpeng “CZ” Zhao, and other top executives received a minimum of $1.76 billion in cryptocurrencies through a fraudulent transfer from FTX, a Cointelegraph report revealed on Monday.
The controversial transaction is associated with Binance’s repurchase agreement with Sam Bankman-Fried (SBF), the FTX co-founder who is currently serving a 25-year prison sentence. The plaintiffs claim that Bankman-Fried unlawfully sold stakes of…
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MicroStrategy has achieved a remarkable milestone, as its Bitcoin holdings now exceed $20 billion in value, following Bitcoin’s surge above $80,000. The company’s investment strategy has yielded a 104% profit on its 252,200 Bitcoin, valued at $20.54 billion, according to the “Saylor Tracker,” named after Executive Chairman Michael Saylor. Having purchased Bitcoin 42 times at an average cost of $39,292, MicroStrategy’s aggressive strategy has firmly established it as the largest corporate holder of Bitcoin, dwarfing other significant holders like Marathon Digital and Riot Platforms. Looking ahead, MicroStrategy is set to embark on an ambitious “21/21” funding plan to acquire an additional $42 billion in Bitcoin over the next three years, further solidifying its commitment to the cryptocurrency.