Crypto weekly: Bitcoin Tops $73,000 to Hit New Record On Insatiable ETF Demand; Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin.

Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. 

Review of the past week:

March 12, 2024 Biden resurrects 30% crypto mining tax in new budget proposal.
U.S. Senator Cynthia Lummis said that while this shows that the government is bullish on crypto, a 30% tax would destroy the industry’s foothold in the country. Read more
March 12, 2024 $1.4 billion of bitcoin mined last year by once bankrupt Core Scientific.
Despite going through a bankruptcy crypto mining firm Core Scientific mined 19,274 bitcoin (roughly $1.4 billion at current prices) during 2023. Read more
March 13, 2024 Bitcoin Tops $73,000 to Hit New Record On Insatiable ETF Demand.
Largest cryptocurrency is up around 75% already this year. Read more
March 14, 2024 Layer 2 Blockchains Become Cheaper After Ethereum’s Dencun Upgrade.
The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data. Read more
March 14, 2024 Michael Saylor’s MicroStrategy Raising Another $500M to Buy More Bitcoin.
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin. Read more


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Best regards,
FYBIT team