Prominent Bitcoin supporter Michael Saylor has declared 2024 “The Year of Bitcoin,” a reflection of the industry’s lofty ambitions. On December 27, 2023, MicroStrategy, headed by Michael Saylor, made a daring move by acquiring 14,620 BTC, which is worth almost $615 million. A total of 189,150 BTC is now in
January 2, 2024 2 mins read
Final versions of the S-1 applications were submitted on December 29th by the contenders in the race for a spot Bitcoin ETF. Bitwise, Invesco Galaxy, WisdomTree, and Fidelity engaged with the U.S SEC, following BlackRock, Van Eck, and Valkyrie, as the day progressed. Among the new filings, Fidelity, WisdomTree, and
December 30, 2023 2 mins read
Ten Bitcoin mining operations allegedly have been shut down by Indonesian police, who have accused the organizers of stealing roughly $1 million USD worth of power. The North Sumatra Police Force reportedly raided a ten-location Bitcoin mining enterprise, seizing 1,134 mining machines, 11 meters of electrical cable, and a variety
December 30, 2023 1 min read
The Solana (SOL) community is poised at the crossroads of achievement and expectancy as the whispers of 2023 dissipate. A new rivalry between Solana and Ethereum has emerged in response to market events, and it has been the talk of crypto forums lately. Investors and traders in the crypto market
December 29, 2023 2 mins read
Vitalik Buterin, co-founder of Ethereum, has shared his year-end reflections on the network and returning it to its cypherpunk origins. Reminiscent of Ethereum’s “cypherpunk” roots, the December 28 blog post restated the cryptocurrency’s fundamental principles. Bitcoin and Ethereum had lofty aspirations in their infancy, with the goal of creating a
December 29, 2023 2 mins read
Vitalik Buterin, co-founder of Ethereum, has suggested a method to simplify the proof-of-stake (PoS) consensus process “considerably simpler and lighter,” thereby reducing the strain on the Ethereum blockchain. Vitalik Buterin put forth a plan to lessen the stress on validators by decreasing the amount of signatures they need to generate
December 28, 2023 2 mins read
Under the leadership of CEO Michael Saylor, MicroStrategy yesterday spent an unprecedented $615.7 million to purchase 14,620 BTC, at an average price of $42,110 in December. Renowned Bitcoin advocate Max Keiser explained Saylor’s lofty objective, which is at the heart of this and all earlier substantial transactions. Bitcoin Accumulation Spree
December 28, 2023 2 mins read
Dumping of cryptocurrency equities is ongoing as a due date for the anticipated approval of the spot Bitcoin ETF by the U.S SEC approaches. Following reports that Coinbase executives dumped their $COIN holdings, Cathie Wood’s asset management company Ark Invest allegedly dumped all of Grayscale Bitcoin Trust’s (GBTC) remaining shares.
December 28, 2023 1 min read
XRP is now witnessing a surge in market activity due to large-scale whale transactions. 20 million XRP tokens, worth $12.6 million, were sent to Bybit by an unidentified sender. But that wasn’t the end of this whale’s play. Two further substantial transactions took place within a 12-hour timeframe. In the
December 26, 2023 1 min read
Bitcoin has bounced back from its losses in 2022, reaching a new annual high and exhibiting indications of a robust year-end. Looking at past trends, it seems like there may be more growth ahead. This month, BTC reached a new year high of more than $44,000, recouping most of the
December 26, 2023 2 mins read
