October, often dubbed “Uptober” by crypto enthusiasts, turned out to be a disappointment for many in the cryptocurrency space. The anticipation of bullish momentum was palpable at the beginning of the month, with analysts predicting $70K rally for Bitcoin (BTC) and other altcoins. However, as the month unfolded, the reality
The co-founder of MicroStrategy, Michael Saylor has transformed the firm’s financial approach by making Bitcoin at the core of its asset strategy. Saylor turned to Bitcoin, describing it as the “digital gold.” In August 2020, MicroStrategy made its first Bitcoin purchase, acquiring 21,454 Bitcoin for $250 million, citing the potential
The worldwide cryptocurrency market has seen bullish movements in the past day instilling optimism in members of the community. The overall crypto market has shown a 1.43% increase in market cap and a 22.63% surge in daily trading volume. Meanwhile, the regulatory landscape has not shown much activity over the
The United States Presidential Election 2024, which is scheduled for November 5, is heating up the debate and the impact of a Donald Trump victory on the global crypto markets, particularly Bitcoin (BTC). As the presidential candidates Trump and Kamala Harris battle for triumph, prominent figures in the markets predict
The global crypto markets experienced a turbulent day as negative sentiments swept through the trading floor. Bitcoin (BTC) initially dipped to around $65,500 but later rebounded slightly to about $67,085. In addition to Bitcoin’s struggles, Ethereum (ETH) fell to approximately $2,471 from $2,563, marking a decline of over 7%. Solana
The global crypto market is heating up with various news, that led Bitcoin (BTC) to dip to $65,521 from the high of $68,722. This 5% drop followed reports from the Wall Street Journal claiming that Tether, a major player in the crypto space, is under investigation by U.S. authorities. Tether
Japanese investment firm Metaplanet has embraced a new performance metric called “BTC Yield” to evaluate its growing Bitcoin holdings, closely following the approach of U.S.-based firm MicroStrategy. Announced on Oct. 25, Metaplanet’s BTC Yield aims to reflect the company’s Bitcoin acquisition strategy’s potential shareholder value, offering a unique measure by
Microsoft shareholders will soon decide whether the company should publicly assess the potential of adding Bitcoin to its balance sheet. An October 24 filing with the U.S. Securities and Exchange Commission (SEC) reveals the proposal, named “Assessment of Investing in Bitcoin,” will be presented for a vote on December 10.
The digital assets sector encountered a shocking incident, as a US government-related crypto wallet was compromised. The attack led to a loss of $20 million worth of funds in the form of USDT, USDC, aUSDC, and ETH tokens. Meanwhile, on turning to the prices table, Bitcoin has resurfaced at $67K,
Do you know how crucial is October for Bitcoin? Let’s rewind 16 years. On the 31st of this month, a pseudonymous developer named Satoshi Nakamoto released the teaser of the revolution — the Bitcoin whitepaper. Was he aware of how this technology would take form to challenge traditional finance? Who
