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๐ŸŽ‰Happy Bitcoin Pizza Day, crypto enthusiasts!๐ŸŽ‰ Today, we're celebrating the 14th anniversary of the first-ever documented purchase using Bitcoin. On this day in 2010, early Bitcoin adopter Laszlo Hanyecz made history by exchanging 10,000 BTC for two Papa John's pizzas. ๐Ÿ•๐Ÿ’ฐ Back then, 1 BTC was worth a mere $0.0041, making the pizza purchase amount to $41. Fast forward to today, Bitcoin's value has skyrocketed, currently sitting above a whopping $70,000! ๐Ÿ’ธ๐Ÿš€ This legendary transaction, though seemingly extravagant today, holds a special place in Bitcoin's history. It showcased Bitcoin's practical use as a medium of exchange, highlighting the importance of active participation and real-world applications for the success and adoption of the network. ๐ŸŒ๐Ÿ’ผ As we celebrate this milestone, it's hard not to marvel at Bitcoin's massive growth, especially with the recent approval of spot Bitcoin ETFs in the US and the halving event that further solidified Bitcoin's position as a widely adopted asset. ๐ŸŽ†๐ŸŽ‡ However, let's not forget the cautionary tales of the past year, with several malicious entities exploiting the hype around meme coins to scam unsuspecting investors. Thankfully, this year has been relatively calmer on the scammer front despite the continuing meme coin frenzy. ๐Ÿšซ๐Ÿ” Here's to another year of Bitcoin's journey and to many more slices of crypto history to come! ๐Ÿฅ‚๐ŸŽ‚

๐ŸŽ‰Happy Bitcoin Pizza Day, crypto enthusiasts!๐ŸŽ‰ Today, we're celebrating the 14th anniversary of the first-ever documented purchase using Bitcoin. On this day in 2010, early Bitcoin adopter Laszlo Hanyecz made history by exchanging 10,000 BTC for two Papa John's pizzas. ๐Ÿ•๐Ÿ’ฐ

Back then, 1 BTC was worth a mere $0.0041, making the pizza purchase amount to $41. Fast forward to today, Bitcoin's value has skyrocketed, currently sitting above a whopping $70,000! ๐Ÿ’ธ๐Ÿš€

This legendary transaction, though seemingly extravagant today, holds a special place in Bitcoin's history. It showcased Bitcoin's practical use as a medium of exchange, highlighting the importance of active participation and real-world applications for the success and adoption of the network. ๐ŸŒ๐Ÿ’ผ

As we celebrate this milestone, it's hard not to marvel at Bitcoin's massive growth, especially with the recent approval of spot Bitcoin ETFs in the US and the halving event that further solidified Bitcoin's position as a widely adopted asset. ๐ŸŽ†๐ŸŽ‡

However, let's not forget the cautionary tales of the past year, with several malicious entities exploiting the hype around meme coins to scam unsuspecting investors. Thankfully, this year has been relatively calmer on the scammer front despite the continuing meme coin frenzy. ๐Ÿšซ๐Ÿ”

Here's to another year of Bitcoin's journey and to many more slices of crypto history to come! ๐Ÿฅ‚๐ŸŽ‚

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๐ŸŽ‰Whoa! Hold onto your hats, BTC enthusiasts! ๐ŸŽฉ Michael Saylor's brainchild, MicroStrategy, has just upped the ante! ๐Ÿ’ฐ Just a day after announcing a $500 million convertible senior note offering to buy more BTC, they've boosted their target to a whopping $700 million! ๐Ÿ’ธ This NASDAQ-listed business intelligence software firm has been on a BTC buying spree since August 2020, using various types of funding to accumulate more of the cryptocurrency. ๐Ÿ“ˆ Their latest move? Offering convertible notes to fund their BTC purchases. ๐Ÿ“ This week, the company announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. But wait, there's more! The very next day, they increased their target by 40% to $700 million! ๐Ÿš€ The terms remain the same, with a 2.25% percentage and a due year of 2032. ๐Ÿ“… The company plans to use the net proceeds to "acquire additional bitcoin and for general corporate purposes." ๐Ÿฆ According to SaylorTracker, MicroStrategy now owns 214,400 BTC (over 1% of bitcoin's total supply). Despite a slight dip from its all-time high in March, the company is sitting pretty on a massive unrealized profit of $6.6 billion. ๐Ÿ’ต MicroStrategy's share prices, being heavily influenced by bitcoin's movements, have been on a rollercoaster ride. ๐ŸŽข They started 2024 just under $700, dipped to below $500, then soared to over $1,900 as BTC skyrocketed in March. ๐Ÿš€ Although they've retraced a bit since their peak, they're still up 120% YTD, closing Friday at $1,495. ๐Ÿ“Š So, keep your eyes on MicroStrategy, folks! They're making big moves in the BTC world, and it's a wild ride you won't want to miss! ๐ŸŒ๐Ÿš€๐ŸŒ•
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๐Ÿš€Buckle up, BTC enthusiasts! TRM Labs, a blockchain intelligence firm, has reported a whopping increase in cryptocurrency deposits to Chinese drug precursor manufacturers. In the first four months of 2024, crypto deposits more than doubled compared to the same period in 2023! ๐Ÿ’ฐ In 2023, these Chinese networks received over $26 million in cryptocurrency, with a staggering 97% of the 120 manufacturers studied offering payment options in digital currencies. The overall amount of cryptocurrency deposited into wallets linked to these manufacturers skyrocketed by more than 600% from 2022 to 2023. ๐Ÿ“ˆ And guess what? Bitcoin is the star of the show! ๐ŸŒŸ It remains the dominant cryptocurrency used for these transactions, accounting for approximately 60% of the total payment volume. TRON blockchain followed with about 30% of transactions, while Ethereum was used for roughly 6%. ๐ŸŽ–๏ธ Interestingly, 11 manufacturers were responsible for over 70% of all crypto-denominated sales of drug precursors. These manufacturers receive funds from unhosted wallets, cryptocurrency exchanges, and payment services, with their wallets most commonly hosted at exchanges. ๐Ÿ’ผ Despite the crypto preference, Chinese manufacturers also accept fiat currencies through platforms like PayPal, MoneyGram, Western Union, and traditional bank transfers. ๐Ÿฆ The report also revealed that these manufacturers mainly target countries including Canada, the Netherlands, Australia, Germany, and the United States. Advertisements have also been directed towards Russia and neighboring countries, particularly for mephedrone precursors. ๐ŸŒ In a related note, a U.S. congressional committee recently reported that the root cause of the U.S. fentanyl crisis lies in China, which manufactures over 97% of the precursors used in the global illicit fentanyl trade. ๐Ÿšจ So, while the world grapples with the implications of this, one thing's for sure - Bitcoin's popularity is soaring, and it's not slowing down anytime soon! ๐Ÿš€
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