FameEX Morning Crypto News Recap | April 6, 2023

Yellen Vows to Prevent Contagious Bank Runs in US and Slams OPEC's Unproductive Oil Production Cut
https://www.fameex.com/en-AU/news/crypto-trending-news-2023040601
US Treasury Secretary, Janet Yellen, has emphasized that the US Treasury is closely monitoring the country's banking industry, especially following the collapse of Silicon Valley Bank and Signature Bank. Yellen has reassured reporters that the situation is stabilizing, and the Treasury is committed to preventing any possible contagion from developing in the US banking system.

Bitcoin Creator Satoshi Nakamoto Celebrates 48th Birthday Today on Anniversary of FDR's US Gold Ban
https://www.fameex.com/en-AU/news/crypto-trending-news-2023040602
Today, April 5, 2023, marks the alleged 48th birthday of Satoshi Nakamoto, the enigmatic creator of Bitcoin, according to his P2P Foundation forum page. More than 14 years ago, Nakamoto introduced the world to the revolutionary digital currency by posting about "a new open-source P2P e-cash system called Bitcoin" on the forum. Despite numerous speculations, Nakamoto's true identity remains unknown, but his contributions to the world of cryptocurrency and blockchain technology are undeniable.

MicroStrategy Boosts Bitcoin Reserves to 140,000 BTC with Latest Purchase of 1,045 Bitcoins
MicroStrategy CEO Michael Saylor has announced the purchase of an additional 1,045 bitcoins, bringing the company's total holdings to 140,000 bitcoins, worth $3.97 billion. The latest purchase comes just nine days after the company acquired 6,455 bitcoins. MicroStrategy continues to increase its holdings in the world's largest cryptocurrency, demonstrating its confidence in the long-term value of Bitcoin.

New Image-Storage Trend on Bitcoin Blockchain Sees Over 8,000 Bitcoin Stamps Minted
A new technique called Bitcoin Stamps, which is a non-fungible token (NFT) technology, has been introduced to the Bitcoin blockchain. This innovative approach has already seen over 8,000 stamps created and stored on the blockchain. Following the successful Ordinal inscription process, which has over 800,000 inscriptions on the blockchain, Bitcoin Stamps provide a unique way of storing images on Bitcoin. This development showcases the potential for blockchain technology to revolutionize the art and collectibles industry.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.