In a groundbreaking move, a central bank has become the first to purchase Bitcoin, marking a significant milestone in the adoption of cryptocurrency by national financial institutions. This development highlights the growing acceptance of digital currencies in traditional banking sectors. In other news, prominent Bitcoin whale Qian Zhimin has been sentenced to 11 years in prison. The sentencing marks a significant legal action against major players in the cryptocurrency market, underscoring the ongoing regulatory scrutiny in the sector. Meanwhile, the U.S. government has ended its shutdown, providing relief to markets and federal operations. However, the Federal Reserve faces increasing internal disagreements over a potential interest rate cut in December, reflecting uncertainty in economic policy direction.
Central Bank Buys Bitcoin; Bitcoin Whale Sentenced to 11 Years
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