Monday, July 03, 2023
MicroStrategy Acquires 12,333 BTC, US Presidential Candidate Commits to Bitcoin, US court orders Kraken to hand over customer tax information, Binance considers the UAE a "key hub" for the crypto industry.
From April 29 to June 27, analytics software provider MicroStrategy purchased an additional 12,333 BTC worth $347 million at an average price of $28,136.
MicroStrategy currently owns 152,333 BTC worth approximately $4.52 billion at $29,668.
The average revenue for a standard airdrop hunter was $9384 per address (median $6497). According to a joint study by X-explore and journalist Colin Wu, the premium segment has corresponding figures of $18,935 and $14,288.
Experts noted that after the Uniswap airdrop in 2020, the strategy of rewarding early adopters with tokens gained popularity in the Web3 industry.
The nephew of the 35th President of the United States and a participant in the current election race, Robert Francis Kennedy Jr., promised to defend the right of citizens to freely own and use the first cryptocurrency.
“As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way towards a future in which government institutions are more transparent and more democratic.”
Kennedy wants not only to legalize digital gold but also to introduce it into the daily lives of US citizens. Earlier, he promised to make decisions that support Bitcoin and freedom of transactions, allowing people to manage their wallets, nodes, and passwords.
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According to Alex Chehade, the Binance crypto exchange sees the UAE as a “key point” for its business.
“Binance identified that the senior leadership of the UAE wanted to establish the region as a focal point for Web3. They’re trying to diversify away from fossil fuels and they see [crypto] as a great driver for doing so,” said Chehade.
The UAE Virtual Assets Regulatory Authority (VARA) is a key driver of interest in new technologies in the region, a company executive said.
He also drew attention to the large influx of young professionals and investors into the country. In his opinion, this could speed up the adoption of digital assets in the jurisdiction.
The UAE occupies a leading position in the percentage of citizens owning cryptocurrencies - 27.6%.
The District Court for the Northern District of California has ordered cryptocurrency exchange Kraken to provide the IRS with customer information.
The platform must disclose the names, dates of birth, actual addresses, phone numbers, and Tax IDs of users who have transacted more than $20,000 in a calendar year.
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