MicroStrategy, the leading business intelligence software company, has once again made headlines with its latest Bitcoin purchase. The firm, founded by former CEO Michael Saylor, announced that it has acquired an additional 16,130 BTC, worth nearly $600 million. This marks MicroStrategy’s second Bitcoin purchase in November, following its initial acquisition of 155 BTC for $5.3
Crypto
Ethereum (ETH) has been demonstrating strong performance, currently trading around $2,000. This showcases its resilience following the devastating market crash in the second part of 2022. Compared to the first day of this year, ETH has experienced a 70% price increase, according to CoinGecko’s data. Analyst FieryTrading predicts that Ethereum has the potential to reach
Bitcoin, the world’s leading cryptocurrency, has recently experienced a surge in value, leading to a positive return for the majority of its holders. The latest Bitfinex Alpha report reveals that over 83% of the BTC supply is currently held at a profit. This percentage is the highest since Bitcoin’s all-time high in November 2021, when
In a startling development, the Hamas terrorist organization has discovered a new avenue to finance its attacks against Israel – the Tron cryptocurrency network. Previously reliant on Bitcoin, the Iran-backed militant group has now shifted its activities to Tron, a blockchain platform that offers faster transactions and lower fees. This significant change in strategy has
Bitcoin, the leading cryptocurrency, has experienced lackluster price movements in recent days, stagnating just below the $38,000 mark. The same can be said for most altcoins, with only minor gains observed in Chainlink and Tron among the larger-cap coins. This stagnation follows a week of volatility driven by developments surrounding Binance and its interaction with
During Binance Blockchain Week, I had the extraordinary opportunity to sit down with Richard Teng, the newly appointed CEO of Binance. As the former Head of Regional Markets for Binance, Teng witnessed the rapid growth of the cryptocurrency industry firsthand. He shared his fascination with the foray of cryptocurrencies into traditional finance circles during a
This week, Ethereum has experienced a 4.7% price increase, bringing it closer to the key resistance level of $2,100. While this level has been tested before this month, a potential breakout could pave the way for ETH to reach new highs. The momentum remains bullish, with sellers struggling to contain the uptrend. This increases the
The recent legal troubles faced by Binance, one of the world’s largest cryptocurrency exchanges, have sent shockwaves through the crypto market. The exchange’s founder and former CEO, Changpeng “CZ” Zhao, pleaded guilty to violating the Bank Secrecy Act, leading to a $4.3-billion settlement with US authorities. While Binance has not been accused of misusing user
FTX and Alameda, two prominent entities in the cryptocurrency space, have recently undertaken a significant divestment strategy. Over the past 24 hours, they have transferred a substantial amount of MATIC and AVAX, amounting to $36.01 million, to various exchanges. This ongoing commitment to reaching settlements with creditors amidst the twists and turns of the bankruptcy
Bitcoin (BTC) is currently experiencing a consolidation phase, leaving investors uncertain about the future and concerned about the potential decline in price. The Bitfinex Alpha report reveals that BTC is hovering around the $37,000 price range, showing signs of diminishing momentum and positive funding rates on futures contracts. This historically indicates market declines, further strengthening
