Crypto weekly: MicroStrategy’s Saylor Buys 3,000 More Bitcoin for $155.4 Million; BlackRock spot Bitcoin ETF reaches over $10 billion. BlackRock’s spot Bitcoin exchange-traded fund (ETF) IBIT now holds over $10 billion in assets under management. IBIT was the fastest ETF to surpass this threshold.

By
Martin Gordon
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Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

February 26, 2024

MicroStrategy’s Saylor Buys 3,000 More Bitcoin for $155.4 Million.
The value of company’s Bitcoin holdings is almost $10 billion. Read more
February 26, 2024

Tornado Cash Suffers Backend Exploit, User Deposits at Risk.
The exploit has the function to steal deposit data and deposited funds.
Read more
February 28, 2024

Sam Bankman-Fried urges lenient sentence, citing FTX fund recovery.
Sam Bankman-Fried’s lawyer urged a judge to impose a lenient sentence for the FTX founder’s conviction for stealing $8 billion from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back. Read more
February 28, 2024

IRS Hires Former Binance.US Exec to Beef Up Crypto Expertise.
Agency also hires former executive from software firm TaxBit. They will help with crypto compliance, enforcement efforts. Read more
March 01, 2024

BlackRock spot Bitcoin ETF reaches over $10 billion.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) IBIT now holds over $10 billion in assets under management. IBIT was the fastest ETF to surpass this threshold. Read more


What’s coming up for us this week:

March 06, 2024

U.S. Fed Chair Powell Testifies.
Federal Reserve Chair Jerome Powell is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC, at 03:00 P.M. UTC. Read more
March 07, 2024

U.S. Fed Chair Powell Testifies.
Federal Reserve Chair Jerome Powell is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC, at 03:00 P.M. UTC. Read more


As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.

Best regards,
FYBIT team

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