This Week on Crypto Twitter: Michael Saylor Leaves CEO Role to ‘Focus More on Bitcoin,’ Nomad and Solana Get Hacked

Also: A British crypto troll was ordered by the UK High Court to pay 1 pound in damages to a podcaster.

Crypto VC funding hits $30.3B in H1, Michael Saylor steps down as MicroStrategy CEO, and Voyager to return $270M worth of customer assets: Hodler’s Digest, July 31-Aug 6

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Voyager Digital Likely to Resume Withdrawal From August 11

Earlier on Thursday, Judge Michael Wiles of the US Bankruptcy Court in New York ruled in the favor of Voyager Digital, to receive access to the funds in its custodial wallets to return the $270 million to the affected customers (Read More)

Michael Saylor Reveals Why He Exited MicroStrategy’s CEO Post Amid a $918,000,000 Bitcoin Loss

MicroStrategy founder Michael Saylor is stepping down as CEO of the firm as the business software company reports incurring a $917.8 million Bitcoin (BTC) loss during the second quarter of the year.

Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million. Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital.Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, the firm announced on Friday.With the average BTC price of $22,670, the sales totaled $20.1 million, accounting for a significant part of the maximum outstanding loan balance of $50 million in Q2 2022.

MicroStrategy Stocks Soared 15% After Michael Saylor Stepped Down as CEO

MSTR's shares spiked significantly on the news of Michael Saylor's resignation as a CEO of the firm.

Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO

Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor.

MicroStrategy’s $2,983,077,000 Bitcoin Trove Not for Sale After CEO Michael Saylor Steps Down

Michael Saylor has stepped down as CEO of enterprise analytics firm MicroStrategy, but the company will continue to acquire and hold Bitcoin (BTC).

MicroStrategy's Saylor Hands Over CEO Role to Deputy, Focusing on Bitcoin Business

MicroStrategy founder Michael Saylor stepped down as CEO on Tuesday.

Michael Saylor is No Longer the CEO of MicroStrategy

The billionaire will now serve as MicroStrategy’s executive chairman, focused on Bitcoin advocacy. 

Michael Saylor will step down as MicroStrategy CEO but remain executive chair

The soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin." Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.In a Tuesday notice on its second quarter earnings for 2022, MicroStrategy said Saylor would be assuming the new role of executive chair at the company, while president Phong Le will become CEO.

Bitcoin Fanatic Michael Saylor Steps Down as MicroStrategy CEO

Phong Le, the company’s president, will assume the role of CEO

Pro-XRP Lawyer Says Michael Saylor’s View on Altcoins Is ‘Deeply Flawed’ – Here’s Why

Attorney and XRP supporter John Deaton thinks Michael Saylor’s recent comments about altcoins are “absurd.” Saylor, the CEO of MicroStrategy, recently said in an interview with Not Investment Advice that “all of the legitimate talent is working on top of the Bitcoin ecosystem.” “If you’re honest, ethical and competent, you’re building stuff on Lightning, or […] The post Pro-XRP Lawyer Says Michael Saylor’s View on Altcoins Is ‘Deeply Flawed’ – Here’s Why appeared first on The Daily Hodl.

Ethereum's Vitalik Takes a Jab at Michael Saylor, Calls Him a "Total Clown"

The question of the security status of Bitcoin and Ethereum seems to be pitching many notable figures in the digital currency ecosystem against one another.

Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer

Michael Bacina, an Australian digital assets lawyer told Cointelegraph that the investigation could see a far-reaching impact on crypto exchanges and the token projects involved.

‘Big Short’ Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase Correctly

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the US Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase.

Bitcoin tackles unique challenges in emerging markets

The adoption of Bitcoin continues to be driven by case-by-case needs as Blockchain Economy Istanbul hones in on emerging markets. The adoption of Bitcoin (BTC) in emerging markets was a focal point on the first day of the Blockchain Economy Istanbul event, with calls for a focus on case-by-case use of Bitcoin to maximize its reach.The two-day summit sees prominent speakers from the cryptocurrency ecosystem converge with the likes of MicroStrategy’s Bitcoin proponent Michael Saylor on the panel list at this year's event.Cointelegraph caught up with Ben Caselin, VP of global market and communications at cryptocurrency exchange AAX, to explore some of the concepts after his keynote address on the Satoshi Standard and emerging markets.Caselin believes a logic-based focus on emerging markets is crucial, considering it is made up of some six billion people accounting for 85% of the global population.

CEO of Titanium Blockchain Pleads Guilty to Securities Fraud

The SEC went after the fraudulent ICO operator - Michael Alan Stollery - who now admitted to misleading investors.

Titanium Blockchain's CEO Pleas Guilty of ICO Fraud worth $21m

Michael Alan Stollery, CEO of Titanium Blockchain Infrastructure Services Inc.

Titanium Blockchain CEO Pleads Guilty to Securities Fraud

Michael Stollery faces up to 20 years behind bars for selling BARs in an alleged ICO scam.

This Week on Crypto Twitter: Michael Saylor Goads Elon Musk for Tesla’s Bitcoin Dump

Elsewhere, Minecraft said it will prohibit NFT use on its servers in addition to banning NFTs that use the game’s assets.

Michael Saylor Takes Shot at Elon Musk on Twitter Over Tesla’s $936M Bitcoin Sale

The MicroStrategy CEO fired off a series of tweets seemingly aimed at Elon Musk, after his EV firm Tesla sold 75% of its Bitcoin holdings.

Cardano Founder Charles Hoskinson Addresses Michael Saylor’s Assertion That ADA Is a Security

Cardano (ADA) co-founder Charles Hoskinson is addressing MicroStrategy CEO Michael Saylor’s opinion that ADA counts as a security but Bitcoin (BTC) doesn’t and instead qualifies as a commodity.

US Senate confirms Michael Barr as Fed vice chair for supervision

Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs. The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve.In a 66-28 vote on the Senate floor on Wednesday, US lawmakers confirmed Barr as vice chair for supervision of the Federal Reserve System for four years, filling the last seat on the seven-member board of governors.

This exec believes 'it's pretty obvious' Ethereum is a security

Michael Saylor, CEO of MicroStrategy and a supporter of Bitcoin (BTC), has reiterated his claim that BTC is the only commodity in the cryptocurrency market.

‘Pretty Obvious’ Ethereum (ETH) Is a Security, Says Billionaire CEO Michael Saylor – Here’s Why

MicroStrategy chief executive Michael Saylor thinks leading smart contract platform Ethereum (ETH) is a security.