FameEX Morning Crypto News Recap | February 21, 2024

MicroStrategy Founder: No Incentive to Sell Bitcoin, ETF Facilitates Institutional Capital Inflows

MicroStrategy's Michael Saylor emphasized Bitcoin's ascent over the $1 trillion market value mark, challenging traditional investment vehicles such as gold, real estate, and the S&P index. Although these conventional assets boast higher market values, Saylor champions Bitcoin's investment prowess, recommending holding onto it despite the current market conditions.

9 Bitcoin Spot ETFs Achieve Historic $2 Billion Trading Volume on February 20th

MicroStrategy's Michael Saylor emphasized Bitcoin's ascent over the $1 trillion market value mark, challenging traditional investment vehicles such as gold, real estate, and the S&P index. Although these conventional assets boast higher market values, Saylor champions Bitcoin's investment prowess, recommending holding onto it despite the current market conditions.

Korea's Democratic Party Includes Bitcoin Spot ETF Approval in Their Electoral Commitments

The South Korean Democratic Party, on February 20th, declared its intention to push for the sanctioning of Bitcoin spot ETFs, positioning it as a central pledge for their April 10th electoral campaign. This move is in direct defiance of the country's financial regulators' recent reiteration of a prohibition against financial entities launching cryptocurrency ETFs of any kind.

Bank of England's Governor Bailey: Anticipations for a Rate Decrease This Year Are Justified

According to King Ten, Governor Bailey of the Bank of England recognized the financial market's foresight in predicting a cut in interest rates this year. He elaborated that, despite the official lack of support for this outlook by the Bank, there's genuine reasonableness behind the traders' discussion on a reduction, potentially heralding a tweak in the existing fiscal course.

Microsoft to Inject $2.1 Billion into Spain's AI and Cloud Infrastructure Development

Microsoft intends to channel $2.1 billion into Spain to bolster its artificial intelligence and cloud infrastructure capabilities, which includes the development of data centers, according to The Daily Planet. Brad Smith, the company's Vice Chairman and President, revealed the investment will unfold over two years, with the goal of supporting Spain's government, businesses, and the public in securing, developing, and digitally transforming.

Englebert Receives Approval from the Financial Conduct Authority for Crypto Asset Promotion

DeepChao TechFlow reports Englebert, a cryptocurrency marketing firm, has secured authorization from the UK's Financial Conduct Authority (FCA) to advertise crypto assets. This permits Englebert to aid UK crypto companies in rolling out advertisements that adhere to FCA regulations, promoting compliance-focused marketing within the cryptocurrency sector.

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