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27 September 2020

Blockchain Bites: MicroStrategy's BTC Buy, Bitmain's Power Struggle, Paxful's Goodbye - CoinDesk

Blockchain Bites: MicroStrategy's BTC Buy, Bitmain's Power Struggle, Paxful's Goodbye - CoinDesk


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Bitcoin buy MicroStrategy, a business intelligence company, told the U.S.

These blockbuster buys transformed much of MicroStrategy’s cash reserves into bitcoin, placing the Nasdaq-traded firm among Wall Street’s most notable bitcoin bulls.

The P2P exchange has suspended account creation and has said existing users will have 30 days to withdraw their funds.

Rampant inflation, unbanked population and high mobile phone usage have long appealed to the company, CEO Ray Youssef said, but ultimately local regulations and U.S.

or New York customers who had funds on Crypto Capital, a bank allegedly at the center of the investigation into the loss of  $1 billion in customer funds.

Cautiously bullish Bitcoin (BTC) has crossed into bullish territory, but prices remain vulnerable to a potential sell-off in stocks, CoinDesk’s Omkar Godbole reports.

DeFi index Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of top performing DeFi tokens, called the DeFiPulse Index.

Bitcoin smart contracts A new Bitcoin smart contract-enabling protocol developed by the Lightning Network Protocol and Bitcoin Protocol (LNP/BP) Standards Association is now in beta

One of its architects, Giacomo Zucco, said it could also help outfit Bitcoin with the tokenizing capabilities that have made Ethereum the go-to blockchain for issuing tokenized assets like securities, collectibles, crypto dollars and more

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