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As the stock and the leading crypto continue to soar to new heights this year, Michael Saylor’s MicroStrategy has purchased another $5.4 billion worth of Bitcoin. Indeed, the business intelligence firm announced that it added 55,500 BTC to its stash in what is its biggest purchase to date. Saylor announced the purchase on X (formerly Twitter), with the firm paying $97,862 per BTC during the record-setting sale. The move only adds to the company’s ongoing Bitcoin acquisition strategy. To date, the firm holds a remarkable 386,700 BTC acquired for $21.9 billion. https://twitter.com/WatcherGuru/status/1861034136221159902 Also Read: Here’s Why You Need to Buy MicroStrategy Stock Before BTC Hits $100k MicroStrategy Keeps Growing BTC Stash, Adds $5.4 Billion in Bitcoin There is little argument that 2024 has been the biggest year in Bitcoin’s history. Not only did it completely change US investments into cryptocurrencies in becoming the first digital asset-based ETF, but...

Hindustan Petroleum, one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders. India’s state-run refiner Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs). HPCL has partnered with the blockchain software firm Zupple Labs to integrate its blockchain -based digital credentialing technology into the purchase order system, the firms said in a joint announcement. Called LegitDoc, Zupple Labs’ verification tech enables HPCL to issue digital POs to its vendors without having to manually verify the PO requests. From a third-party verifier’s perspective, the project provides a facility to directly verify the validity of POs in an automated way on the HPCL website. “The implementation helps to automate the verification of HPCL POs to external parties,” a spokesperson for HPCL told Cointelegraph. “This work...

PayPal has announced that it will temporarily pause crypto buying services in the UK starting from Oct. 1, 2023, with a planned resumption in early 2024. The latest decision, outlined in an email to select users on Aug. 14, comes in response to new regulatory requirements by the UK Financial Conduct Authority (FCA). Calling up the Fed to get permission. https://t.co/fqaC1Dv4rE https://t.co/IiMNIeXxYv — Simon Dixon (@SimonDixonTwitt) August 15, 2023 While crypto buying will be unavailable during this period, users can continue to hold and sell their crypto currencies. However, PayPal did not clarify whether users can transfer crypto currencies to other wallets or exchanges, a feature that currently seems limited to US users. Compliance with new UK rules The decision to pause the buying services comes as PayPal aims to comply with new regulations introduced by the UK FCA. The company will be required to “implement additional steps before customers can purchase crypt...