Cryptocurrency Summary

Westlake police reported that a woman lost over $5,000 in a cryptocurrency scam after she was seen feeding large amounts of cash into a cryptocurrency ATM at a convenience store on Center Ridge Road. In a notable historical reference, the presumed pseudonymous creator of Bitcoin, Satoshi Nakamoto, disappeared 15 years ago today, leaving a message stating, 'I've moved on to other things,' with their true identity still a mystery.

Meanwhile, an analyst has suggested that Bitcoin's price may be suppressed due to BTC OGs selling covered calls. In a move reflecting confidence in cryptocurrency, Brazil's largest asset manager has advised investors to allocate up to 3% of their portfolios to Bitcoin as a hedge against currency fluctuations and market shocks.

Additionally, the U.S. Commodity Futures Trading Commission has withdrawn its 2020 guidance on the 'actual delivery' of digital assets to promote broader access to regulated crypto markets, a significant development in the regulatory landscape.

Amid these developments, Michael Saylor expressed his desire for nations to establish Bitcoin banks, emphasizing the need for institutional adoption of digital currencies. Lastly, Juventus' owners recently rejected a $1.2 billion buyout offer from a cryptocurrency firm, reaffirming their control over the historic football club.