Cryptocurency News

🤯Three years ago El Salvador adopted the Bitcoin Standard. 🚀Today El Salvador’s President Bukele has announced his nation will no longer require external debt to fund its annual budget. 🇸🇻El Salvador one of the few Central/South American countries to achieve financial independence. …Better accumulate more BTC

🤯Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons. The US District Judge Richard Jones, in Seattle, sentenced CZ to four months in prison on Apr. 30 on the charges of allegedly failing to implement an effective anti-money laundering framework, which made Binance a viable platform for cybercriminal and terrorist activities. The sentence was related to investigations by the US Department of Justice (DOJ) over Zhao’s and Binance’s activities. In November 2023, CZ paid a $50 million fine and stepped down as Binance CEO to end the multiyear investigation. Meanwhile, the exchange endured a $4.3 billion fine.

🚀The S&P 500 has officially hit a new all time high in anticipation of FED rate cuts this week. 💰It is now up 10.7% since the August 5th low. 🔥The S&P 500 is officially up a whopping 19.5% year-to-date. We are only a few weeks away from the crypto market doing the same thing.

🚨As of September 13, 2024, MicroStrategy has acquired 18,300 additional BTC for $1.11 billion, valuing each Bitcoin at $60,408. This brings the company’s total Bitcoin holdings to 244,800 BTC, purchased for $9.45 billion at an average price of $38,585 per BTC. The company reports a 17.0% YTD Bitcoin yield and a 4.4% QTD yield, reflecting its aggressive strategy under Michael Saylor to capitalize on Bitcoin’s potential. MicroStrategy remains one of the largest corporate Bitcoin holders, integrating blockchain into its analytics and business operations..

Bitcoin vs Banks: Market Capitalization Comparison 1. Bitcoin Market Cap: $1.2 Trillion Region: Worldwide 🌍 2. JPMorgan Chase Market Cap: $578 Billion Region: USA 🇺🇸 3. Bank of America Market Cap: $298 Billion Region: USA 🇺🇸 4. ICBC Market Cap: $256 Billion Region: China 🇨🇳 5. Agricultural Bank of China Market Cap: $214 Billion Region: China 🇨🇳 6. Wells Fargo Market Cap: $181 Billion Region: USA 🇺🇸 Bitcoin’s market cap is larger than the combined value of JPMorgan Chase and Bank of America. 👀

🤯 That’s a lot of bitcoin!

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