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@1rezak1

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Public companies have bought up $88 billion worth of bitcoins πŸ”₯ Public companies involved in trading digital assets have started actively buying bitcoins. This is how they reacted to a sharp jump in its value. Companies hope that cryptocurrency reserves will help them increase their own market capitalization, writes the Financial Times. According to BitcoinTreasuries.net, the number of public companies that own bitcoins has grown from 89 in early April to 113. Now their portfolios have accumulated about 800 thousand bitcoins worth $88 billion. Back in early April, the bitcoin rate on online platforms fell to $76 thousand. But against the backdrop of Donald Trump's attempts to conclude a trade deal with China and reduced volatility in stock markets, the cryptocurrency rate began to grow rapidly, reaching last week a historic mark of $112 thousand per digital coin.
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A $5 #billion payout could push altcoins higher #FTX plans to pay out more than $5 billion to approved creditors on May 30. This is one of the largest single payouts in the history of cryptocurrency bankruptcies. Some analysts believe this liquidity could revitalize the altcoin market in June. The funds received could go into new investments. At the beginning of May there was reason for optimism, from May 7 to May 13 bitcoin's dominance slipped sharply from 65.5% to 62.2%. This is almost a 5% drop in a week, and against the background of such movements there were talks about the possible start of the altcoin season. But from May 14 to May 20, the situation changed: BTC dominance rose again by 3%, which almost completely canceled the previous pullback and showed that the capital is returning back to bitcoin.
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#Vladimir #Smerkis arrested on suspicion of fraud πŸ™‚ Vladimir Smerkis, co-founder of crypto-game #Blum and former head of #Binance in the CIS, was arrested in Moscow on suspicion of fraud. The Zamoskvoretsky District Court ordered his detention this week. Authorities have not yet disclosed details of the alleged criminal activity. Blum distances itself from Vladimir Smerkis Blum became popular thanks to a wave of tap-to-earn games, where users earn digital tokens by repeatedly tapping on screens. In Blum, players collected falling snowflakes to earn in-game currency that could allegedly be exchanged for real money. The arrest came amid increased scrutiny of tap-to-earn platforms. In a statement to its 5.3 million followers on X (#Twitter), Blum clarified that Smerkis is no longer affiliated with the company.
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