On Tuesday, June 27, MicroStrategy, the biggest corporate holder of Bitcoins, announced the acquisition of Bitcoins (BTC) for an astounding $347 million. MicroStrategy CEO Michael Saylor made the latest disclosure on Tuesday, stating that the company has acquired 12,333 Bitcoin. On Twitter, Saylor sent the following message: “MicroStrategy has acquired
Rollux, an innovative EVM Layer-2 solution, has been launched by SYS Labs, a Web3 product suite powered by Syscoin. Rollux presents a unique method of scaling Ethereum that sets SYS Labs apart from its rivals. Rollux is meant to optimize the performance of Ethereum network applications by using the power
In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by
Apple has decided to formally remove Damus, a decentralized social networking app built on the Nostr protocol, from the App Store because the company has not brought the app in line with its Bitcoin tipping service. Damus tweeted on Monday that despite the app being updated to make it obvious
USDC stablecoin issue, Circle Internet’s CEO, Jeremy Allaire, is keeping a close eye on the regulatory updates in Hong Kong after the implementation of its new crypto legislation earlier this month. While the United States continues its regulatory onslaught, crypto companies continue to place a significant emphasis on the Asian
Since the beginning of the month, Bitcoin’s (BTC) value has increased by the most among all cryptocurrencies. After a sustained bullish ascent, the leading cryptocurrency reached a new annual high of almost $31,000 this past week. Bitcoin is now trading at $30,555 at the time of this writing. Glassnode, an
The most recent data on Shiba Inu (SHIB) reveals a substantial surge in the token’s burn rate, indicating a remarkable 1,619% increase compared to the unusually low figures of the previous day. Over the past 24 hours, an impressive 330 million SHIB have been permanently removed from circulation through the
In the bustling arena of digital currencies, Litecoin is set to undergo its highly anticipated third halving event in just 39 days. Scheduled for August 2, 2023, this blockchain upgrade will see the mining rewards sliced from 12.5 to 6.25 LTC, following a recurrent four-year cycle or after 840,000 blocks
Over the past day, the cryptocurrency market witnessed a fascinating development as more than 1,500 Bitcoin units were transferred from the U.S. government balance. This intriguing event has caught the attention of investors and analysts, shedding light on the dynamics of spot buying and selling within the Bitcoin market. Just
One of the major cryptocurrency exchanges, Binance, has stated that it is working to integrate the Bitcoin Lightning Network. So that users may make deposits and withdrawals more quickly. The company’s CEO, Changpeng Zhao (CZ), has also verified the update. Binance decided to deploy the Lightning Network after experiencing difficulties
