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FTX led by Sam Bankman-Fried has acquired 30% of SkyBridge Capital, the alternative investment firm run by Anthony Scaramucci.

SkyBridge will use the money from FTX to buy $40 million in cryptocurrencies, which it will hold on its balance sheet. The timing is interesting as the value of SkyBridges current digital portfolio have come down with the rest of the markets so it appears the mooch is doubling down on Crypto all the while other investors have asked for refunds from the fund.

FTX continues its strategy of buying distressed crypto companies at discounts and saving most from bankruptcy.

Written by: WarBiscuitNFT

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MicroStrategy has filed to Sell Up to $500M of Stock to buy more Bitcoin Purchases.

Friday filing with the U.S. Securities and Exchange Commission revealed the stock offering, which will be for “general corporate purposes, including the acquisition of bitcoin.”

At this point the company has become more of a Bitcoin holding company than a enterprise analytics company where its stock price is tethered more to the price of BTC then its software revenue.

On a side note, Saylor and MicroStrategy were recently sued by the District of Columbia for allegedly evading taxes on Saylor’s earnings in the district.

Written by: WarBiscuitNFT

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Nearly 75% of retailers plan to accept cryptocurrency payments within the next 2 years according to a June survey conducted by Deloitte titled “Merchants getting ready for crypto.”

The report polled 2000 senior execs in the retail industry across a series of different verticals from electrons to food and beverage.

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Industrial miners in Texas have shut down their miners as the state geos through a heat wave with temperatures hitting 110 degrees. The state has already ask citizens to slow down use of AC’s and other heavy electricity hogs.

According to Lee Bratcher, president of the Texas Blockchain Council, “nearly…

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Zhu Su and Kyle Davies are doing their best Carman Sandiego. Lawyers representing the creditors say the physical whereabouts of the founders are “currently unknown”. There is a hearing scheduled for 9 am ET on Tuesday to discuss the liquidation process.

The documents, filed Friday evening, also allege that the…

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