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“finally!” Italy’s Brotherhood hardliners in tears after their victory By Reuters

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© Reuters. Italian Brothers leader Giorgia Meloni waves at party headquarters on election night, in Rome, Italy, September 26, 2022. REUTERS/Guglielmo Mangiaban

Written by Angelo Amanti

ROME (Reuters) – At 2:30 a.m., the right-wing hardliners of Italy’s Brothers of Italy party came at 2:30 a.m. when party leader Giorgia Meloni appeared at the luxury hotel in Rome that houses her election headquarters.

A roar rose as Meloni began speaking, recalling sacrifices made over the years as the party rose from being a fringe group of the far right to becoming Italy’s most powerful political force in Sunday’s election.

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“It’s a dream,” one of the party’s founders, Fabio Rambelli, told Reuters as he embraced a tearful activist and whispered to him one word, “Finally!”

The Brethren of Italy has its roots in the Italian post-fascist social movement (MSI), which was considered a political pariah by the country’s mainstream until it was disbanded in the mid-1990s.

All this is in the past. Projections showed Meloni won about 26% of the vote in Sunday’s election, with the count still going, jumping from 4% in the last election in 2018.

Her centre-right bloc is seen winning a comfortable majority in both houses of parliament, paving the way for her to become Italy’s first female prime minister.

“For many of us, this is a night of pride, redemption, tears, hugs, dreams and memories,” she told party members and reporters, standing in front of the controversial torch emblem, Brothers of Italy.

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She says the flame represents the evolution of the Italian right, while critics say it is a relic of an ancient MSI that used the same symbol.

“This is a starting point, not a finish line, from tomorrow we have to prove our worth,” said emotional Meloni.

Marco Marsilio, head of the Italian brothers for the central region of Abruzzo, said he had been waiting for this moment all his life.

“Twenty or 30 years ago this seemed crazy, let’s hope God will forgive us for this madness,” he told Reuters.

The Italian hard-right right has its historical strongholds in central and southern Italy, but some of its fighters come from regions with leftist traditions.

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For them, the victory is more special.

Giovanni Donzilli was born in left-leaning Florence and joined the Right in 1994, when he was 19 years old.

“The day after I joined the right-wing university movement… I went home to tell the family. My socialist grandfather and my moderate left-wing mother did not react well. My mother started crying, and my grandfather choked on his food,” he said.

(Editing by Gavin Jones)

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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.