Microstrategy founder Michael Saylor has suggested that people living in inflation-stricken Argentina should consider using Bitcoin as an alternative to the faltering local currency. Critics have argued that Bitcoin's volatility makes it an unsuitable alternative. Some Argentinian politicians favour replacing the peso with the US dollar to tackle inflation, which officially stood at 103.4% in March. Yet, despite this apparent widespread support for dollarisation in Argentina, supporters of Bitcoin have voiced their support for Saylor's call on residents to choose the cryptocurrency instead. Dollarising the Argentinian economy would result in the country’s central bank becoming subservient to the policies of the US Federal Reserve and losing seigniorage. (Bitcoin.com)
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Microstrategy Founder Michael Saylor to Argentines: 'You Need Bitcoin' — Critics Insist BTC Is Too Volatile
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Cointime August 4 News Express
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MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin
MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million. -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
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Trump team files complaint over Harris inheriting $96 million in Biden campaign funds
According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending. -
Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry
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Cointime May 25 News Express
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