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MicroStrategy's Co-founder Confident Amid Bitcoin ETF Developments
MicroStrategy's co-founder, Michael Saylor, asserts that his firm will maintain its appeal to investors, even with the emergence of Bitcoin ETFs. In an interview with Bloomberg on August 2, Saylor remained confident that MicroStrategy will continue to attract investors with products and offerings that differ from those of Bitcoin ETFs.
While discussing MicroStrategy's future plans, Saylor spoke of a "maxing out on Bitcoin" approach, and their intention to steadily increase their current holdings of nearly 152,800 BTC. Also, a recently filed SEC filing revealed the company's plan to sell Class A common stock worth up to $750 million, aimed primarily at purchasing more Bitcoin.
Uncertainties Surround Binance's Legal Situation: DoJ's Report Reveals
News from the Department of Justice (DoJ) in the U.S indicates officials are wary of taking action on Binance due to potential financial backlash. The report from Semafor hinted at fears of a potential banking crash similar to the infamous FTX run, should Binance face legal implications.
Binance finds itself in the crosshairs of global jurisdictions, particularly with the U.S, over alleged sanctions violations in Russia. The SEC has also initiated legal action against the cryptocurrency exchange for alleged unauthorized security offerings.
Worldcoin's Identity Verification System Could Aid Governments and Corporations
Worldcoin, eager to attract more users, is speculated to be considering a move to allow both governments and corporations to use its identity verification technology. The feature leverages iris scanning. Ricardo Macieira, Tools For Humanity's General Manager for Europe—the group leading the Worldcoin project—expressed the ambition to build the 'largest possible financial and identity community'.
As per a Reuters report, Worldcoin might extend its identity verification system to businesses, eliminating the need for collecting personal information.
