A passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and exploring what is happening in world.
MicroStrategy, a business intelligence software company, announced on Monday that it has purchased another 3,000 bitcoins for about $155 million, bringing its total bitcoin holdings to 193,000 BTC. The company’s executive chairman and co-founder, Michael Saylor, said that the company and its subsidiaries now own nearly $10 billion worth of
February 26, 2024 2 mins read
Cathie Wood’s investment management business, Ark Invest, has sold shares of Coinbase (COIN), Nvidia (NVDA), and Robinhood (HOOD). This selling pattern is happening in spite of these stocks soared to new highs after reporting better-than-expected earnings. The firm has sold over $12 million worth of Coinbase shares, $4 million worth
February 25, 2024 2 mins read
Amidst the record-breaking performance of the S&P 500, fueled by robust corporate earnings, the US stock market surge is not just elevating investor sentiments but also triggering uncertainty in the crypto markets. As corporate earnings take the spotlight, attention is shifting towards the Federal Reserve’s future trajectory, leaving crypto enthusiasts
February 25, 2024 3 mins read
FTX, the bankrupt crypto exchange, has reached a settlement with its EU founders, Patrick Gruhn and Robin Matzke, who were sued for over $323 million. The settlement also involves FTX selling its assets in the EU, where it failed to gain traction. The lawsuit, filed in July 2023, claimed that
February 24, 2024 2 mins read
Maven11 Capital, a crypto venture capital firm, has reported impressive returns of 54%, worth $1.43 million, by investing in DeFi tokens. These returns are particularly from UNI, the native token of Uniswap. The firm capitalized on the DeFi token surge, which was driven by the growing attention to the DeFi
February 24, 2024 3 mins read
Bitcoin is expected to undergo its fourth halving in April 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC, making new coins scarcer and more valuable. Amidst this, JPMorgan said that its upcoming halving in April 2024 is already factored into its price, and that a
February 24, 2024 2 mins read
Riot Platforms, a vertically integrated Bitcoin mining and data center hosting firm, reported record revenue of $280.7 million for the year ended December 31, 2023, according to its annual report. Riot Platforms saw an 8% increase in its total revenue from $259.2 million in 2022 to $280.7 million in 2023.
February 24, 2024 2 mins read
Hong Kong’s Securities and Futures Commission (SFC) has seen a surge in crypto license applications from both local and global players in the past two months. On Feb. 20, Huobi HK, the Hong Kong arm of crypto exchange Huobi, became the 18th applicant for a virtual asset trading platform license.
February 21, 2024 3 mins read
Brad Garlinghouse, the CEO of Ripple, the company behind the XRP cryptocurrency, spoke to Bloomberg TV about the challenges and opportunities facing the crypto industry. He expressed his support for the idea of an XRP exchange-traded fund (ETF). Since the launch of Bitcoin ETFs, there have been talks in the
February 21, 2024 3 mins read
The Financial Intelligence Unit (FIU) issued non-compliance notices to several major foreign crypto exchanges in December 2023, demanding adherence to KYC and AML regulations. This was followed by app store bans and URL blocking, effectively shutting down access for Indian users. The foreign crypto exchanges are Binance, HTX, Kraken, Gate.io,
February 20, 2024 2 mins read