UK Bank Blocks Crypto. Crypto to Xbox. MicroStrategy loves Bitcoin.

September 29, 2023

Crypto Market Update 29-09-23

Happy Friday everyone!

Tic tac, we’re back! Your weekly recap! 📰😎

Last 7 Days Market Performance 

Bitcoin is up 0.8%, now at $ 26,824.00 📈

Ethereum is up 4.8%, now at $ 1,665.00 📈

Total crypto market cap: $ 1.12 Trillion

Fact for the week:

🎤 Taylor Swift made headlines over the past weekend by showing up in Kansas City to support her (allegedly) new boyfriend, Chiefs player Travis Kelce. It's intriguing why this came as a shock to many; in fact, Swift has graced more football stadiums this year (17 to be exact) than Kelce will, even if the Chiefs make it to the Super Bowl (a maximum of 12). The reason it’s known to everyone, the “Eras Tour” has taken Taylor to the biggest stadiums in the world in 2023, having already achieved an impressive $1 billion in sales. 🏟️

Onto this week’s updates 🚦

🔴 UK Bank Blocks Crypto 🏦

JPMorgan's British arm, Chase, has decided that from October 16th, crypto transactions are off the table, thanks to a spike in crypto scams targeting its clients. The bank's spokesperson explained that they’re noticing more shady crypto frauds aimed at UK folks, hence, buying crypto with a Chase debit card or sending funds to a crypto site won’t be possible anymore. Well, it's very strange that to combat fraud, limits are imposed on individuals' freedom, but this is the new world of monetary surveillance. 👁️

🟡 Crypto to Xbox 🎮

Microsoft is at the center of buzz following leaked documents suggesting plans to introduce cryptocurrency wallets to Xbox. These leaks are among the most significant in Xbox's history. Originating from the ResetEra gaming forum, the documents point to a May 2022 roadmap that includes crypto wallet support and despite the lack of official confirmation, this news has amplified excitement in the crypto sphere, showcasing big tech's shifting focus towards the sector. 🧑💻

🟢 MicroStrategy loves Bitcoin ❤️

MicroStrategy, a company listed on NASDAQ and prominent Bitcoin stakeholder, has showcased its continued faith in the market with the announcement of another hefty cryptocurrency purchase. Michael Saylor, the co-founder and executive chairman, revealed that the company bought another 5,445 BTC for $147.3 million, so this purchase increases MicroStrategy's total Bitcoin assets to an estimated value of $4.2 billion. Saylor, please leave some for us. 😅

🎬It’s been a long week, so our final thoughts are just that we hope you all have a great weekend. We’ll talk again next Friday. 🙂

Lympid: Crypto interests on a trusted, regulated platform

Talk next week 👋


Great job on learning something new today 🎉