Author: NBTC
Data shows Michael Saylor’s MicroStrategy missed out on a profit exceeding $12.82 billion by failing to invest its $7.59 billion in Ethereum. Software firm MicroStrategy, led by Bitcoin bull Michael Saylor, has been a prominent institutional BTC inventor for close to four years, injecting $7.59 billion into the asset since 2020. However, while MicroStrategy persistently committed substantial monthly funds to the BTC acquisition, Saylor unrepentantly retains maximalist views against other crypto assets. Saylor is renowned for his claim that “there is no second best” crypto asset to Bitcoin. During a recent presentation, he told the audience that assets like Ethereum,…
The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in this area. Initial Findings Required More Work The South African Reserve Bank (SARB) has reportedly decided against releasing the findings of an initial phase of its Central Bank Digital Currency (CBDC) feasibility study, which concluded in late 2022. According to a report, the findings “required…
In a significant stride towards enhancing blockchain privacy solutions, HOPR has proposed the development of GnosisVPN, leveraging their expertise alongside the robust infrastructure of GnosisDAO. The proposal, currently under discussion in Phase 2 at the GnosisDAO forum, aims to secure a substantial $1.5 million investment to foster this pioneering venture. This collaboration seeks to merge HOPR’s innovative privacy technology with Gnosis’s blockchain, focusing on creating a decentralized VPN that enhances user privacy across blockchain interactions. GnosisDAO has decided on a combined investment of US$1.5M and 500 GNO tokens in @hoprnet, a pioneer in providing fully private, uncensorable data exchange between…
✨ Exactly 9 years ago today, #Bitcoin pioneer ROSS ULBRICHT was sentenced to LIFE IN PRISONThis week, PRESIDENT TRUMP pledged to pardon himThe SHOCKING STORY of his UNFAIR TRAIL and why he deserves a chance at FREEDOM. A thread 🌟 pic.twitter.com/eMOQAVxFMP — The Bitcoin Historian (@pete_rizzo_) May 29, 2024 Nine years ago, Ross Ulbricht, the mastermind behind the first major Bitcoin marketplace, Silk Road, was sentenced to life in prison without parole. This week, former President Donald Trump announced his intention to commute Ulbricht’s sentence to time served, rekindling debates about the fairness of his trial and the severity of…
The Welsh government reportedly sunk £45,000 ($57,000) into a ‘PS2-looking’ metaverse project that was branded as ‘absolutely wank’ and ‘a waste of taxpayers’ money’ by users. On May 13, the Welsh government announced that “Wales has become the first UK nation to launch in the metaverse,” revealing a 3D virtual experience that would supposedly give visitors a taste of the attractions and landmarks the country has to offer. When it was launched, the project, which was commissioned by ‘Visit Wales,’ was dubbed by authorities as “a trial being used to test reach to even wider audience bases.” However, the plan…
BCH’s post-halving slide of 15% might be a warning sign for bitcoin bulls. Bitcoin cash has been seen a proxy for the upcoming halving of rewards on the Bitcoin blockchain. Bitcoin’s blockchain will halve rewards on April 20. Bitcoin’s fourth mining reward halving, a programmed 50% reduction in the pace of supply expansion, is just eight days away. This event, scheduled to happen every four years, has historically presaged multi-month bull runs. However, ahead of the pivotal event, bitcoin’s (BTC) offshoot bitcoin cash (BCH) is flashing a warning, asking traders to reassess expectations for an immediate post-halving price rise. The…
Almost $1 billion worth of ether (ETH) has been deposited to Ether.fi over the past ten days. The protocol’s native token has been up 41% in the past week. Ether.fi’s CEO said that a spot ETF approval will help shift narratives around Ethereum and smart contracts. Restaking protocol Ether.fi has soared to record highs in terms of deposits and total value locked (TVL) as investors anticipate the approval of a spot ether (ETH) exchange-traded fund (ETF) in the U.S. More than 270,000 ether ($995 million) has been deposited to Ether.fi over the past ten days. The inflows, coupled with ether’s…
Robinhood (Nasdaq: HOOD), a company with a market capitalisation of about $18 billion, has announced its first share buyback plan. Under this plan, it will repurchase $1 billion worth of its shares over the next two to three years. Robinhood’s Stock Buyback Plan The stock buyback plan, announced yesterday (Tuesday) after the stock market closed, has already received authorisation from the retail broker’s board of directors. “As our business and cash flow have continued to grow, we’re excited to announce a $1 billion share repurchase program to return value to shareholders,” said Jason Warnick, Chief Financial Officer of Robinhood. Under…
After amassing some 35 million players in the first three months of this year, viral Telegram-based game Notcoin is gearing up to launch its NOT token on The Open Network (TON) in the coming days. And now we know what to expect from that launch. Notcoin’s NOT token was expected to launch by the end of April, co-creator Sasha Plotvinov told Decrypt’s GG at Token 2049 Dubai last week. And there will be three key options for handling your funds from there, he explained. While the game’s “mining phase” ended on April 1 in preparation for the token launch, Notcoin…
The US Securities and Exchange Commission (SEC) has issued a stern warning to cryptocurrency investors, drawing attention to the increasing risk of fraud in the field of crypto asset securities. The SEC’s Office of Investor Education and Advocacy has issued an Investor Alert outlining how scammers are using the popularity of crypto assets, including cryptocurrencies, coins and tokens, to defraud unsuspecting investors. Fraudsters are leveraging new technologies and innovations to commit investment fraud, making it increasingly difficult for authorities to track and recover funds, the SEC said. These criminals often hide their identities and hide traces of funds using cryptocurrencies;…