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Hey folks, welcome back! From drastic market dips to wider adoption of tokens, the crypto community witnessed several twists and turns in the crypto world over the past 24 hours.Michael Saylor, the founder of MicroStrategy, had acquired about 21K Bitcoins worth over $2 billion. The firm, which is stated to be the largest corporate Bitcoin holder, has already 300K in its vault. With the latest acquisition, the firm holds about 423,650 Bitcoins worth about $25.6 billion. These Bitcoins were accumulated at an average price of $60,324 per BTC.<a href="https://cryptotale.org/michael-saylor-to-present-btc-investment-case-to-microsoft/" rel="noopener noreferrer nofollow">Saylor </a>has been acquiring Bitcoin since 2020 and claims that the crypto is a digital capital. He further suggests his users buy Bitcoin with the spare capital that they have. With the latest purchase, the MicroStrategy firm had acquired a Bitcoin Yield of 43.2% QTD and 68.7% YTD. Recently, in November, Saylor pitched the idea of acquiring Bitcoin to Microsoft, stating that it would improve their economic structure rather than bonds or shares. Saylor further emphasized that companies like Apple and Google should consider Bitcoin as a treasury reserve.In a bid to adopt Bitcoin, Russian lawmaker Anton Tkachev, the State Duma Deputy and a prominent member of the New People Party proposed a bill to install a Bitcoin reserve fund to improve the economic status of <a href="https://cryptotale.org/russian-lawmaker-proposes-bitcoin-reserve-amid-sanctions/" rel="noopener noreferrer nofollow">Russia</a>. The bill was handed over to the Minister of Finance Anton Siluanov. Adding emphasis to the letter, Tkachev stated that the crypto will enable the country to bypass sanctions and enhance global trade. Recently, the Central Bank of Russia had begun to experiment with cryptocurrencies for its cross-border transactions and President Vladimir Putin had given his nod for legalizing Bitcoin mining.<a href="https://cryptotale.org/the-blockchain-bulletin-dec-11-uae-approves-its-first-stablecoin/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

The Blockchain Bulletin, Dec 11: UAE Approves its First Stablecoin

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