Episode Details

26th Sep: Crypto & Coffee at 8 🎙️
💰 MicroStrategy buys $147M worth of #BTC ❌Bybit Suspends in UK 👎🏻Tether.to USDT shuts redemption in Singapore 🥶UpBit freezes withdrawal

🚨 Accumulation of Bitcoin among Billionaires, Multimillionaires, Celebrities + influencers❗
🚨 Michael Saylor, co-founder and executive chairman of MicroStrategy,
announced via Twitter a 5,445 BTC purchase by the firm. The coins were bought for $147.3 million in cash at an average price of $27,053 per BTC. Official filing with the U.S. Securities and Exchange Commission here https://lnkd.in/eF94UnWT. MicroStrategy currently hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin.

❗ Michael Saylor is sounding like Satish Kumbhani from Bitconnect?
❗ What would happen if he is directly or indirectly forced to sell his bitcoin due to pressure from BlackRock who are aggressively focusing on ESG concerns?

🎙️ Check out Blockchain DXB’s Crypto & Coffee at 8 podcast we share our commentary on this. In the past, we have highlighted several #fakenews
& #misleading information posted by Michael Saylor.

⚡ Also important to note Saylor is also an active member of the Crypto Mining council

👎🏻 Bybit has made the decision to halt its services in the United Kingdom. This move is in response to the updated regulations concerning marketing and communication for cryptocurrency businesses, as mandated by the Financial Conduct Authority (FCA). New rules called “Financial promotion rules for crypto assets,” are outlined here https://lnkd.in/edUAr6Pe

🔻 Tether.to USDT has reportedly changed its terms of service (ToS) in Singapore. An email shared by the CEO of decentralized finance protocol Cake DeFi on Sept. 25 shows changes to the company’s ToS prohibiting certain customer bases from redeeming USDT Cake co-founder and Dr. Julian Hosp shared the email received from Tether, in which the company stated it cannot redeem USDT for United States dollars due to changes in its ToS. His tweet here https://lnkd.in/expvRTwe

Tether.to CTO Paolo Arduino refuted speculation around the mail calling it a