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FameEX Morning Crypto News Recap | April 6, 2023

2023-04-06 11:35:10

Yellen Asserts US Will Prevent Contagious Bank Runs and Criticizes OPEC's Oil Production Cut as Unproductive
US Treasury Secretary Janet Yellen has stated that the Treasury is closely monitoring the US banking industry following the collapse of Silicon Valley Bank and Signature Bank. Yellen assured reporters that the situation is stabilizing and that the Treasury will prevent any contagious bank runs from occurring in the country.

Bitcoin Creator Satoshi Nakamoto Turns 48 Today on Anniversary of FDR's US Gold Ban
Today, April 5, 2023, marks the alleged 48th birthday of Satoshi Nakamoto, the mysterious creator of Bitcoin, according to his P2P Foundation forum page. Over 14 years ago, Nakamoto introduced the revolutionary digital currency to the world by posting about "a new open-source P2P e-cash system called Bitcoin" on the forum. Despite numerous speculations, Nakamoto's true identity remains unknown, but his contributions to the world of cryptocurrency and blockchain technology are undeniable.

Microstrategy Increases Bitcoin Holdings to 140,000 BTC with Recent Purchase of 1,045 Bitcoins
MicroStrategy's CEO, Michael Saylor, has revealed that the company has bought an extra 1,045 bitcoins, which takes its total holdings to 140,000 bitcoins, valued at $3.97 billion. This latest acquisition comes only nine days after the company purchased 6,455 bitcoins. By continuously increasing its bitcoin reserves, MicroStrategy shows that it has faith in the cryptocurrency's long-term value.

Over 8,000 Bitcoin Stamps Minted as a New Image-Storage Trend Emerges on the Bitcoin Blockchain

A new trend in non-fungible token (NFT) technology, called Bitcoin Stamps, has emerged on the Bitcoin blockchain. This new image-storing technique has already seen over 8,000 stamps minted. It follows the successful Ordinal inscription process that has gained significant traction on the blockchain with over 800,000 inscriptions to date. Bitcoin Stamps offer a new way of storing images on Bitcoin, demonstrating the potential for blockchain technology to revolutionize the art and collectibles industry.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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