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Bolsonaro ahead of Lula in Brazil election tally By Reuters

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© Reuters. Former Brazilian President and current presidential candidate Luis Inacio Lula da Silva speaks during a press conference in Sao Paulo, Brazil, October 1, 2022. REUTERS/Carla Carnell

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By Victor Borges

BRASILIA (Reuters) – Brazilian President Jair Bolsonaro led early in the country’s presidential election count on Sunday, ahead of rival Luiz Inacio Lula da Silva, whose Labor Party draws more support from slower-reporting regions.

After counting 20% ​​of electronic voting machines, Bolsonaro led with 48% of the vote to Lula’s 43%, the National Electoral College said on its website.

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In 2014, when the left-wing Labor Party won the presidential election for the last time, its advantage did not appear until two hours after the votes were counted. Results from poorer northeastern Brazil, a traditional stronghold of the Workers’ Party, often take longer to reach TSE.

There were reports of long queues at polling stations that closed at 5 p.m. (2000 GMT) as many Brazilians turned out to vote in a tense election, punctuated by isolated violence and fears of a sharp increase in gun ownership under Bolsonaro.

Military police in Sao Paulo said a man entered a polling station and shot two police officers who were receiving medical care.

Most opinion polls show Lula with a 10-15 percentage point lead, but Bolsonaro has indicated he may refuse to accept defeat, raising fears of an institutional crisis. If Lula wins more than 50% of the valid vote, which many pollsters have shown is within reach, he will win outright, bypassing the run-off.

In Brasilia, Ricardo Almeida, 45, voted wearing the yellow and green colors of the Brazilian flag. “I voted for Bolsonaro because of his Christian faith, his defense of family values ​​and his conservative policy,” he said.

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Wearing a “Get Out Bozo” T-shirt, Ana Luisa, 70, a Rio de Janeiro resident said she’s voting for Lula for the first time.

“I must bring down Bolsonaro,” she said, citing “homophobia” and his stance on the 1964-1985 Brazilian military dictatorship, which Bolsonaro has long supported.

Although he finished his 2003-2010 government with record popularity, Lula is now hated by many Brazilians after he was convicted of accepting bribes. The leftist, who held the presidency from 2003 to 2010, was imprisoned during the last election. But the Supreme Court later overturned his conviction, allowing him to face rival Bolsonaro this year.

Lula, while voting in São Bernardo do Campo, admitted the dramatic shift in his fortunes after a trial he described as politically motivated.

“It’s an important day for me,” he said. “Four years ago I couldn’t vote because I was the victim of a lie…I want to try to help my country get back to normal.”

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Bolsonaro voted in Rio and said he expected to win the election in the first round on Sunday, despite his poor performance in opinion polls, which he claims do not have popular support.

If no candidate wins more than half of the vote, excluding blank and spoiled cards, the top two candidates go to the run-off on October 30.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.