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Announcement on the Upgrade of Close Position Function for Contracts
About the Shapella Upgrade on the Ethereum Network
Security Announcement Regarding Preventing Phishing and Fraudulent Messages
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Last Price
24H Chg%
BTC
/USDT
17394991.07K
60,309.80
≈$60,309.80
-4.58%
ETH
/USDT
17020460.12K
3,349.65
≈$3,349.65
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News
Bitcoin Big News: Dell CEO Joins the Game
2024-06-24 00:22:41
Recently, Michael Dell, CEO of Dell, an American technology company known for
developing, selling, repairing and supporting computers and related products and
services, shared his views on Bitcoin through the social media platform X. The
interaction began with a response from Microstrategy founder Michael Saylor.
It can be said that Michael Dell's post about Bitcoin has sparked a heated
discussion among cryptocurrency enthusiasts.
Since Michael Dell founded the company in 1984, it has grown into one of the
world's largest personal computer suppliers.
On June 21, Dell tweeted that "scarcity creates value," a phrase often
associated with Bitcoin because the supply of Bitcoin is capped at 21 million
and demand is rising.
His tweet quickly caught the attention of Michael Saylor, a well-known advocate
of Bitcoin as a corporate financial asset.
Then, the real key is that Dell later shared a meme of Sesame Street Cookie
Monster, which may have been generated by artificial intelligence or
photoshopped to show that the blue furry guy is chewing Bitcoin instead of his
usual chocolate chips.
The image was interpreted as: Let’s face it, who among us hasn’t felt like
Cookie Monster when looking at those tantalizing cryptocurrency gains?
Now, this small move doesn’t mean Dell is about to go all-in on Bitcoin like
Saylor (who owns 226,331 Bitcoins worth $15 billion). But it makes people
wonder: Is the tech billionaire developing a taste for cryptocurrencies? Maybe,
just maybe.
Dell’s work with Bitcoin is long-standing, as it began accepting Bitcoin as a
payment method back in July 2014.
At the time, Dell was one of the largest e-commerce businesses to adopt this
strategy. By February 2015, Dell had expanded its Bitcoin payment option to the
UK and Canada after a successful pilot in the United States. During this time,
Dell also ran promotions, including a 10% discount on Alienware products for
customers who paid with Bitcoin.
However, things changed in 2017. Despite initial excitement, Dell stopped
accepting Bitcoin payments that year. The Bitcoin pilot program was terminated
due to lack of demand, making it impossible for the company to continue using
this payment method.
That same year, several well-known brands, including Steam, also stopped
accepting Bitcoin due to network congestion and high transaction fees at the
time. The following year, in 2018, Expedia stopped accepting Bitcoin directly.
At the same time as the conversation with Saylor, Michael Dell launched a poll
on X, asking the question: "What do you think is the next big breakthrough in
technology?" The options provided included quantum computing, artificial
intelligence (AI), blockchain, and space technology.
Joe Consorti, an analyst at global macro research firm Bitcoin Layer, believes
that Bitcoin can benefit from companies such as Dell Technologies because they
are likely to receive additional cash as cost-reducing AI technology emerges.
"The huge returns these companies have in reserve will provide further cushion
for capital allocation during the AI boom, as spending and expansion in computer
manufacturing have never been so rapid or intense in decades," he wrote, adding:
"Dell has $5.83 billion in cash to do this."
For companies, holding even a small portion of Bitcoin on their balance sheet
(such as 1%) can give them a clear advantage over the competition.
For example, if Dell Technologies allocated 1% of its $5.83 billion cash
reserves to Bitcoin, or $58.3 million, that investment could grow to $118.7
million in one year based on Bitcoin's historical annualized return of about
103.5% over the past decade.

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Positive(9998)
Negative(1323)
President of Dubai Financial Services Authority: Develop two sets of digital
asset systems and create innovative test licenses
2024-06-23 18:40:47
Ian Johnston, CEO of the Dubai Financial Services Authority (DFSA), said in an
exclusive interview with the Hong Kong Wen Wei Po that the key basic elements to
support innovation are to create an innovative culture and have a clear
strategic vision. In addition to formulating relevant development policies and
establishing innovation centers and accelerators, Dubai has also tailored a
comprehensive digital asset regulatory system to balance innovation and
effective supervision. Ian Johnston pointed out that the Dubai Financial
Services Authority has tailored two comprehensive digital asset systems for the
Dubai International Financial Center (DIFC): one was established in 2021 for
investment tokens (tokenized assets); the other was established in 2022 for
crypto tokens (cryptocurrencies and stablecoins). These systems clarify
regulatory expectations and provide certainty for market participants. This
clarity and certainty give market participants confidence in providing virtual
asset products and services. The Dubai Financial Services Authority has created
an Innovation Testing Licence (Regulatory Sandbox) and a customized Innovation
and Technology Risk Supervision Team, which has expertise in supervising
technology-enabled financial products and services.
More >
Positive(3456)
Negative(688)
BlackRock, Grayscale, and MicroStrategy are the top three companies holding
Bitcoin in the world
2024-06-22 19:53:46
HODL15Capital listed the top ten companies holding Bitcoin in the world as of
June 22, including:
BlackRock (IBIT): 305,614 BTC;
Grayscale (GBTC): 277,067 BTC;
MicroStrategy (MSTR): 226,331 BTC;
Fidelity (FBTC): 167,375 BTC;
Tether: 75,354 BTC;
ARK21 Shares Bitcoin ETF (ARKB): 46,335 BTC.

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Positive(12331)
Negative(3351)
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