Author: NBTC
MicroStrategy just made another big move by buying $1.1 billion worth of Bitcoin, which brings its total holdings to an impressive $14.3 billion. This new acquisition means that the company now holds about 1.17% of all Bitcoin in circulation, further solidifying its position as the largest corporate Bitcoin holder. To back up its strategy, MicroStrategy also launched a $700 million debt offering, set to mature in 2028. This lets lenders earn interest while benefiting from the company’s exposure to Bitcoin’s market performance. Interestingly, Fred Thiel, CEO of Marathon Digital Holdings, responded to this latest development, noting that MicroStrategy’s massive acquisition…
Leading crypto assets manager Grayscale, has updated its list of assets under consideration for an investment product to include 36 cryptocurrencies, cutting across multiple categories from meme coins to AI-related projects. According to the announcement, the firm is considering the following assets for listing either as single investment product or as part of the multi-asset products: Kaspa (KAS), Aptos (APT), Arbitrum (ARB), Celestia (TIA), Celo (CELO), Core (CORE), Cosmos (ATOM), Internet Computer (ICP), Mantle (MNT), Metis (METIS), Neon (NEON), Optimism (OP), Polygon (POL), Sei (SEI), Starknet (STRK), Toncoin (TON), and TRON (TRX). Other crypto tokens being considered include Aerodrome (AERO),…
A transfer from Tether Treasury worth $110.47 million USDT to an unknown wallet has further attracted the market’s attention. Such a scaler move may indicate new market trends or may be whale manipulation before certain events or news. It makes it incumbent on better financial quarters with respect to the stablecoins demand, its potential strategic capital destiny in the crypto market. In the largest crypto transfer reported by Whale Alert, $ 110,471,998 of USDT located in Tether’s Treasury was transferred to an unknown wallet. The quantum of flow has prompted interest by observers of the markets who are looking forward…
The SEC’s strict rules on crypto have faced strong criticism and led to many lawsuits. The commissioner believes a new approach could help improve the crypto market. Better communication could lead to fairer rules and support for digital assets. A U.S. Securities and Exchange Commission administrator recently admitted that the agency’s approach to governing virtual cash has not worked. This admission comes as criticism of the SEC’s strict measures against the crypto industry grows. The commissioner also expressed rising concerns about legislative uncertainty and legal disputes that hinder market development. Four years after #EthGate, the collapse of #FTX, Terra Luna,…
Off the Grid has quickly become one of the biggest battle royale shooters in the world, with millions of players jumping in to experience the first blockchain game that has really broken into the mainstream consciousness. But with so many players in the mix—most of whom seem to be experts already—it’s not easy to make it into the final stages of a match, let alone win. It took me six games before my team made it into the top five, and I’m embarrassed to say how long it took me to get a win. However, with a few hours under…
Michael Saylor, founder and executive chairman of the MicroStrategy business intelligence software giant, has taken to his account on the X social media platform (widely famous as Twitter in the past) to communicate a Bitcoin message to the global cryptocurrency community. This took place as the world’s flagship digital currency began showing signs of revival and recapturing the $60,000 level once again. Several hours prior to that, MicroStrategy made another big Bitcoin offer to its investors. “Running Bitcoin”: Michael Saylor Saylor published a tweet which says “Running Bitcoin” which features Saylor as a football player running during a game across…
Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. The comeback kid I think we can all agree that NFTs won’t undergo the same explosion we saw last cycle. That’s not, of course, to say that NFTs can’t make a comeback of any sort. But it looks like we won’t see CryptoPunk #5822 fetch another $23 million (8,000 ETH at the time) like it did a few years ago. (For reference, in the past 24 hours, CryptoPunk #8135 sold for a cool 29 ETH, or $71,000, per CryptoSlam.)…
Famous scholar, risk manager and author of bestselling books “The Black Swan,” “Antifragile,” “Skin in The Game” and others, Nassim Nicolas Taleb, has shared his take on the current state of the financial markets and the future of artificial intelligence (AI) companies from investors’ point of view. This week, Taleb made an appearance on Bloomberg TV where he discussed these important subjects. The renowned “Black Swan” author believes that currently the markets are becoming very fragile. While gold is growing in price, Taleb said that he does not count on gold in this situation but he prefers to be focused…
Five altcoins – Uniswap, Ripple, Fantom, Sei, and Celestia have been tipped to lead the highly expected rally in October (Uptober) 2024. According to analysts, XRP’s fate would largely depend on the decision of the US Securities and Exchange Commission (SEC) to appeal the July 2023 ruling in the Ripple case. With just three days away from entering one of the most bullish months in the crypto calendar, October (Uptober), analysts have carefully selected five major altcoins that could be the talking point based on their value proposition within the period. Celestia (TIA) Celestia (TIA), the world’s first data-available blockchain…
Hoskinson implied that Wright’s ongoing litigation was an abuse of the justice system. Wright had harsh words for Hoskinson and the Cardano initiative last year. Charles Hoskinson, founder of Cardano, wasted no time criticizing Craig Wright after his most recent legal move—a massive £911 billion lawsuit against Bitcoin Core and Square. An influential crypto figure, Hoskinson, has voiced his displeasure with Wright’s continuing legal proceedings. He wanted to know why the authorities keep letting these legal manipulations happen. Additionally, he implied that Wright’s ongoing litigation was an abuse of the justice system. What drives this, in his view, are irrational…