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FameEX Morning Crypto News Recap | December 1, 2023
2023-12-01 11:57:55
Microstrategy Boosts Bitcoin Holdings to 174,530 BTC in Latest Purchase
Microstrategy has expanded its bitcoin holdings by purchasing an additional 16,130 bitcoins, bringing its total bitcoin stash to 174,530. These acquisitions were made at a cost of around $5.28 billion. Since embracing its bitcoin strategy, Microstrategy's stock has exhibited robust performance, surpassing major asset classes and indices.
FTX Estate Receives Court Green Light to Liquidate $870 Million in Grayscale and Bitwise Shares Amid Rising Claim Transfers The Delaware District’s U.S. Bankruptcy Court has granted approval for FTX's estate to sell trust assets, including Grayscale and Bitwise holdings. Concurrently, there has been a notable uptick in the transfer of claims within FTX Trading Ltd.'s records as creditors opt for swift financial gains. Paxos Receives In-Principle Approval for Stablecoin Issuance and Crypto Services in Abu Dhabi Paxos, a blockchain and tokenization infrastructure provider, has secured preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. This development paves the way for Paxos to issue stablecoins tied to the U.S. dollar and launch crypto brokerage and custodial services within the Abu Dhabi Global Market (ADGM). Economist Peter Schiff Issues Warning of Upcoming "Historic Crash" for US Dollar: "No Soft Landing, Only Crash and Burn" Economist Peter Schiff has issued a stark warning, predicting an imminent historic crash for the U.S. dollar, ruling out the chance of a gentle descent. He envisions a "crash & burn" scenario driven by potential inflation, surging interest rates, and elevated unemployment, asserting that the economy's frailty surpasses the Federal Reserve's assessment, resulting in amplified budget deficits and inflation. Rich Dad Poor Dad Author Robert Kiyosaki Endorses Bitcoin ETF Investments Renowned author Robert Kiyosaki, famous for his book "Rich Dad Poor Dad," has suggested investing in Bitcoin exchange-traded funds (ETFs). He voiced concerns about the global economy's slowdown and the possibility of a severe economic downturn, urging investors to take action amid significant money printing by the U.S. Treasury and Federal Reserve. Swiss Crypto Bank Seba Rebrands to Amina in a Move to Expand Globally Swiss crypto bank Seba has rebranded as Amina as part of its global expansion efforts. The bank recently obtained a license from the Hong Kong Securities and Futures Commission, allowing it to offer crypto trading services in the region. In 2022, Seba also gained financial services permission from Abu Dhabi Global Market and set up an office in Abu Dhabi, as part of its broader expansion strategy. Australian Tax Data Shows Growing Interest in Holding Crypto for Self-Managed Retirement Australians are increasingly considering cryptocurrency as part of their retirement investment strategy, as self-managed retirement funds have increased their allocations to this asset class by 400% in four years. This growth rate outpaces traditional investments like stocks and bonds, highlighting the rising interest in utilizing cryptocurrency to secure retirement funds. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
