MicroStrategy makes good on promise to buy another 17K Bitcoin

MicroStrategy makes good on promise to buy another 17K Bitcoin

MicroStrategy is competing with Grayscale in Bitcoin acquisition race according to Barry Silbert.

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MicroStrategy acquired 16,796 more Bitcoin for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin according to its latest SEC disclosure. This occurred on the same day that its board of directors made the cryptocurrency its primary treasury reserve asset. It was also indicated that the company could add to its Bitcoin reserves in the near future. The company’s CEO Michael J. Slayer also restated the same information in a tweet from earlier today.

Grayscale’s founder Barry Silbert reacted to the news with a tweet of his own, commenting on the race between the two companies in acquiring Bitcoin.

However, Grayscale’s Bitcoin Trust is far ahead in the game as it currently holds over 400,000 Bitcoin. MicroStrategy has some catching up to do.


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MicroStrategy is competing with Grayscale in Bitcoin acquisition race according to Barry Silbert.

Industry Leaders Battle over the Future of Crypto in New Documentary

Industry Leaders Battle over the Future of Crypto in New Documentary

New documentary reflects on the competing narratives shaping the crypto industry.

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In his new documentary “Cryptopia: Bitcoin, Blockchains and the Future of the Internet” award-winning filmmaker Torsten Hoffmann gives his perspective on how the crypto industry has evolved in the last five year. His first documentary about crypto “Bitcoin: the End of Money as We Know it” came out in 2015 but a lot has changed since then: new blockchains, characters and narratives have emerged in the crypto space.

As the director points out in our conversation, back then the industry was united around Bitcoin and the struggle against the financial establishment. Now the industry has split into different groups each one pursuing their own vision for the future of crypto.

“There is a lot of drama within these different groups […] Instead of fighting against the establishment, they are fighting among themselves,” he stated.

However, that is not necessarily a bad thing, argues the director:

“It’s very natural for humans. In society the larger we grow, the more political parties there are.”

The director and his crew traveled all around the world, interviewing the most prominent leaders in the crypto space: Samson Mow, Charlie Lee, Roger Ver and Craig Wright are just a few of the personalities featured in the movie.

Hoffmann seeked to represent these colourful personalities without judging or taking sides.

“I don’t need these people to give me information” said the director. “I need them for their personality, for their emotions, for the drama.”

Check out the full interview on our Youtube channel and don’t forget to subscribe!


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New documentary reflects on the competing narratives shaping the crypto industry.

Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former congressman Ron Paul says he is favor of fraud-free cryptocurrencies as competition with fiat, though he has concerns about their underlying unit of account

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Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15.

According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the space to prevent fraud:

“… I’m for the least amount of regulation. I don’t know what’s gonna happen to cryptocurrencies. I think it’s a great idea. And I only have one rule: no fraud … I think that the government has a role. And [if] somebody has a case that there is fraud, I think it should be investigated …  What I want to do is legalize the freedom of choice, absent blatant fraud.”

Ron Paul also drew several comparisons to the traditional asset gold. One way in which Paul appears to think gold is similar to crypto is that both are assets competing with fiat money. Paul said, “governments aren’t very tolerant of competition, and they’re not even tolerant with using the Constitution to compete with the fiat dollar. Because gold and silver, you can’t use it.”

Ron Paul has previously discussed his bullish views on cryptocurrency. In 2014, Paul expressed concerns about the backing of Bitcoin (BTC) and crypto in general, but adopted a pro-crypto attitude that is bearish on fiat money in the long run:

“I just don’t think the dollar is going to last. I don’t think any fiat currency lasts forever. They all self-destruct. Right now, the world is engulfed with fiat currency; they’re all paper currencies. That’s one of the other reasons the dollar holds up: What are you competing against, the euro and the yen? The competition out there isn’t any good.”


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Former congressman Ron Paul says he is favor of fraud-free cryptocurrencies as competition with fiat, though he has concerns about their underlying unit of account