Intelligence giant MicroStrategy, purchased an extra 271 Bitcoin as an addition to its strategic reserves, another major move towards the CEO Michael Saylor’s conviction in the digital asset. The purchase was made on May 13 at an average price of $55,387, Saylor announced. The firm now has a total of 91,850 BTC on its balance sheet at an average price of $24,403. MicroStrategy filed the purchase to the United States Securities and Exchange Commission.
CME Group, the world’s largest financial derivatives exchange traded more than 100,000 micro bitcoin futures within the first six days since launch, according to the exchange. This new smaller contract, including the full-size bitcoin futures, will strengthen the exchange’s ability to help their clients. The CME expounded that the launch of the Micro Bitcoin futures contract will make the exchange market more accessible to more traders.
The Central bank of Israel recently showcased the draft of what a digitalized version of the national fiat currency may look like. According to the draft, the people of Israel should be able to use the digital shekel either online or offline. The Israeli central bank digital currency (CBDC) will provide some level of privacy. The project is coming up progressively, however, the final decision is yet to be made.
Montreal mega-club Beachclub owned by Olivier Primeau becomes the first Canadian club to start accepting crypto payments like Bitcoin and Ethereum. Olivier Primeau announced this to his 754,000 Instagram followers. The new payment option would start next year, while Beachclub works on the necessities. Beachclub is the largest outdoor club in North America with 10,000 people capacity and is patronized by the likes of reality star Kylie Jenner.
Ethereum’s co-founder Vitalik Buter in, donated over $1 billion in crypto to the India Covid Relief Fund and to other charities. The donation consists of large quantities of Shiba Inu coin (SH1B), Dogeion (ELON), and Akita Inu (AKITA) which were gifted to him by the meme tokens’ creators. Buterin donated 50 trillion SHIB tokens worth $1.2 billion to the India Covid Relief Fund by Indian tech entrepreneur Sandeep Nailwal.