miaapollo151

@miaapollo151

199 Following

111 Followers

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The fake profile features a gray checkmark — which is reserved for government officials — prompting Burt to question how the fake account was verified by the platform in the first place.

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However, the page remains active at the time of this writing and has garnered more than 51,000 followers.

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Upon discovering the scam profile, Premier Burt alerted users on the platform and brought the matter to the attention of X and Elon Musk.

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“We previously stated in June that we mitigated our losses with respect to a large counterparty who failed to meet a margin call,” the former CEO wrote in a July 2022 social media thread.

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Following the liquidation of 3AC, former Genesis CEO Moro reassured investors that Digital Currency Group and Genesis were working to mitigate the losses incurred through the 3AC exposure.

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This was partly offset by upward of $3.6 billion in net outflows from Grayscale Ethereum Trust (ETHE), which the asset manager launched in 2017, initially as a non-listed trust.

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Georgiades believes that “price cycles will persist,” but “sustained demand from large-scale buyers like the US could reduce volatility and the swings we’ve witnessed over past cycles.”

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Stabilization is another way of saying less volatile, which would logically mean bear markets would be less aggressive than in past cycles.

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“Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase said, referring to the coins as assets restricted by Europe’s Markets in Crypto-Assets Regulation (MiCA).

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In addition, MARA Holdings said in a press release that it intends to offer $700 million in convertible senior notes due 2031 in a private offering. The proceeds will be used to purchase more Bitcoin and repurchase existing convertible notes due in 2026.

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Crypto miner Marathon Digital has spent more than $600 million to purchase Bitcoin in the last two months, according to a filing with the United States Securities and Exchange Commission.

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“As sovereign nations and publicly listed companies continue to enter the market, Bitcoin’s value proposition will only strengthen, likely resulting in significant price appreciation,” he added.

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“Top VCs involved in blockchain have long seen the strategic importance of Bitcoin for sovereign nations, leading places like Abu Dhabi to launch a reserve through its sovereign wealth fund back in 2022,” Qian said.

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An October report from crypto financial service MatrixPort found that global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world’s population now using digital currencies.

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Bil Qian, chairman of crypto investment firm Cypher Capital, told Cointelegraph that a strategic Bitcoin reserve isn’t only feasible — it’s a forward-thinking approach that “aligns with the evolving global financial landscape.”

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“This is an important strategic option for the country and one that most people discount. I think the downsides are minimal. This isn't a lot of money for the US. It costs us almost nothing,” Lubka added.

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“The upsides of a reserve are that it stabilizes the US balance sheet. It allows the US in times of treasury market dysfunction or war to not be taken out by its adversaries, impairing the functioning of its debt market,” he said.

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Hundreds of pro-crypto candidates won seats in Congress, and industry leaders have suggested the US government will become the most pro-crypto in history, which should result in a more favorable regulatory environment.

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According to Lubka, a Bitcoin reserve has minimal downsides, numerous benefits and could become a reality since a number of pro-crypto candidates were elected to the US Congress.

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Blockchain payment services firm Ripple has announced another $25 million contribution to the Fairshake political action committee, also known as a PAC.

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