{"id":16041,"date":"2025-11-16T07:46:02","date_gmt":"2025-11-16T07:46:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/saylor-denies-bitcoin-sale-rumors-doj-convicts-north-korean-scheme-helpers-bitmine-names-new-ceo-weekly-recap\/"},"modified":"2025-11-16T07:46:10","modified_gmt":"2025-11-16T07:46:10","slug":"saylor-denies-bitcoin-sale-rumors-doj-convicts-north-korean-scheme-helpers-bitmine-names-new-ceo-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/saylor-denies-bitcoin-sale-rumors-doj-convicts-north-korean-scheme-helpers-bitmine-names-new-ceo-weekly-recap\/","title":{"rendered":"Saylor denies Bitcoin sale rumors, DOJ convicts North Korean scheme helpers, BitMine names new CEO | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In this week\u2019s edition of the weekly recap, Strategy\u2019s Michael Saylor rejected speculation about Bitcoin sales while affirming continued accumulation despite price declines.<\/p>\n<div id=\"cn-block-summary-block_7bb5c5fdda8107a46e9d05e29b320725\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Saylor dismisses B sale speculation and confirms Strategy is still accumulating.<\/li>\n<li>Global regulators intensify crypto actions with DOJ convictions and CBDC trials.<\/li>\n<li>Major industry updates include BitMine\u2019s new CEO, BUIDL\u2019s BNB expansion, and Cash App upgrades.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In other developments, the Justice Department secured multiple convictions for assisting North Korean cryptocurrency operations, and Ethereum treasury company BitMine Immersion Technologies appointed a new chief executive.<\/p>\n<h2 class=\"wp-block-heading\">Saylor dismisses Bitcoin liquidation speculation<\/h2>\n<ul class=\"wp-block-list\">\n<li>Strategy\u2019s co-founder and Executive Chairman Michael Saylor refuted Friday rumors suggesting the company is selling Bitcoin (BTC) holdings.<\/li>\n<li>The Bitcoin treasury company will continue expanding its BTC stockpile, Saylor stated during a CNBC interview.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Justice Department targets North Korean cryptocurrency schemes<\/h2>\n<ul class=\"wp-block-list\">\n<li>The DOJ <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.justice.gov\/opa\/pr\/justice-department-announces-nationwide-actions-combat-illicit-north-korean-government\" target=\"_blank\" rel=\"nofollow\">announced<\/a> Friday multiple guilty pleas connected to individuals who assisted North Korean fraudulent information technology workers in obtaining U.S. employment and stolen identities.<\/li>\n<li>Five convictions involve domestic helpers who masked workers\u2019 geographic origins as they collected paychecks from dozens of American businesses.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">BitMine appoints veteran banker as CEO<\/h2>\n<ul class=\"wp-block-list\">\n<li>The leading Ethereum (ETH) treasury company holding more than $11 billion worth of the cryptocurrency announced Friday that Chi Tsang will serve as CEO and board member.<\/li>\n<li>Tsang succeeds Jonathan Bates and brings experience as founder and managing partner of venture fund m1720.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">BlackRock expands tokenized Treasury fund to BNB Chain<\/h2>\n<ul class=\"wp-block-list\">\n<li>BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is extending onto BNB Chain (BNB) through a partnership between the world\u2019s largest asset manager and largest crypto exchange.<\/li>\n<li>The expansion establishes BUIDL as \u201ca foundational building block of on-chain finance\u201d by enabling Binance\u2019s institutional and advanced traders to optimize capital deployment.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Cash App introduces cryptocurrency payment features<\/h2>\n<ul class=\"wp-block-list\">\n<li>The popular payments platform <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cash.app\/press\/cash-releases-see-whats-new\" target=\"_blank\" rel=\"nofollow\">rolled out<\/a> Thursday eleven product updates including Bitcoin and stablecoin payment capabilities among more than 150 platform improvements.<\/li>\n<li>The bundled release includes flexible banking benefits, AI-powered navigation, stablecoin sending and receiving functionality, and strong safety features according to company statements.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Singapore plans tokenized bill CBDC settlement<\/h2>\n<ul class=\"wp-block-list\">\n<li>The Monetary Authority of Singapore announced trials for tokenized bills settled with wholesale central bank digital currency as the next integration phase for blockchain-based finance.<\/li>\n<li>MAS managing director Chia Der Jiun revealed Thursday at Singapore Fintech Festival that the central bank is also preparing draft stablecoin regulatory regime legislation.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Czech National Bank creates crypto test portfolio<\/h2>\n<ul class=\"wp-block-list\">\n<li>The central bank announced Thursday creation of a $1 million experimental portfolio containing Bitcoin, USD stablecoin, and tokenized deposit following October 30 board approval.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Dubai court upholds TrueUSD freezing order<\/h2>\n<ul class=\"wp-block-list\">\n<li>Dubai\u2019s Digital Economy Court <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tamimi.com\/news\/digital-economy-courts-first-worldwide-freezing-order-al-tamimi-company-secures-landmark-relief-to-protect-digital-asset-reserves\/\" target=\"_blank\" rel=\"nofollow\">maintained<\/a> a worldwide freezing order addressing the $456 million reserve shortfall that required Justin Sun\u2019s intervention to support TrueUSD stablecoin holders.<\/li>\n<li>The dispute examines whether TrueUSD reserve funds were improperly transferred to Aria Commodities DMCC.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Circle reports tripled quarterly profit<\/h2>\n<ul class=\"wp-block-list\">\n<li>The world\u2019s second-largest stablecoin issuer disclosed third-quarter net income rose to $214 million ($0.64 per share) as USDC demand growth boosted interest revenue on backing assets.<\/li>\n<li>Total revenue and reserve income more than doubled to $740 million, with earnings per share beating expectations of $0.22 per share.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Kraken co-CEO criticizes UK crypto warnings<\/h2>\n<ul class=\"wp-block-list\">\n<li>Arjun Sethi told the Financial Times Wednesday that mandatory website warnings comparing cryptocurrency to cigarette box health alerts hinder retail investors and expose them to potential losses.<\/li>\n<li>The exchange executive stated UK regulations requiring \u201cuse this and you\u2019re going to die\u201d equivalent warnings create unnecessary barriers to informed investment decisions.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Coinbase abandons BVNK acquisition<\/h2>\n<ul class=\"wp-block-list\">\n<li>The American cryptocurrency exchange terminated negotiations Tuesday to acquire UK-based stablecoin infrastructure startup BVNK in a proposed $2 billion transaction.<\/li>\n<li>Both Coinbase and Mastercard had pursued advanced acquisition discussions before Coinbase and BVNK entered exclusive negotiations that ultimately collapsed.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Bank of England proposes stablecoin holding limits<\/h2>\n<ul class=\"wp-block-list\">\n<li>The UK central bank announced on Monday its proposed regulatory framework, which includes \u201ctemporary\u201d caps of 10 million pounds for enterprises and 20,000 pounds ($26,300) per coin for individuals.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s edition of the weekly recap, Strategy\u2019s Michael Saylor rejected speculation about Bitcoin sales while affirming continued accumulation despite price declines. Summary Saylor dismisses B sale speculation and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16041"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16041\/revisions"}],"predecessor-version":[{"id":16042,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16041\/revisions\/16042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15714"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}