Based on the latest available data, the Nasdaq-traded Microstrategy possesses 190,000 bitcoins, acquired at a cost of $5.96 billion. Presently, the value of the company’s bitcoin holdings has swelled to $9.88 billion. This marks a 66% increase in the firm’s bitcoin portfolio, a stark contrast to its performance just eight months earlier. From Decline to…
Read more
Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking the investment was due to, “divergent regulatory approaches in the EU.” UCITS are open-ended investment funds and are a popular…
Read more
K-pop stars Choi Si-won and Cho Hyun-young have denied allegations that they were involved in promoting so-called South Korean “scam coins.” Their denials come amid ongoing controversy and suspicions surrounding the blockchain-powered sports platform Winnerz. A growing number of top-level South Korean YouTubers and celebrities have been linked to the controversy since anonymous crypto investors…
Read more
More than 60 countries around the world will hold national and regional elections this year, making 2024 the biggest election year in history. But there are growing concerns that misinformation and disinformation driven largely by artificial intelligence (AI) will impact the elections. An example of this recently occurred when an AI-enabled call using United States…
Read more
Bitcoin’s recent price surge past $52,000 has sparked speculation about a pre-halving rally, a historical trend associated with the upcoming reduction in mining rewards. Analyst Jag Kooner, Head of Derivatives at Bitfinex, believes the current market movement aligns with such a rally, typically starting eight weeks before the halving event. “This rally has the potential…
Read more
Crypto’s comeback year is getting even better, as venture capitalists are reentering the funding arena. Breaking a downward trend, VC investment in crypto startups climbed 2.5% to $1.9b in Q4 2023, marking the first such rise since Q2 2022, PitchBook data published Thursday showed. Though still significantly lower than its peak, the fourth quarter marked…
Read more
Bitcoin Price Prediction In a week marked by a 20% surge in Bitcoin’s price, BTC currently trades around $52,000, demonstrating modest growth and maintaining its position as the market leader with a valuation exceeding $1 trillion. This period of slight growth amidst a volume of $37.66 billion underscores the cautious optimism permeating the crypto market,…
Read more
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic maneuver aimed at sidestepping potential sanctions and the permanent…
Read more
Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio. This development introduces a new level of scalability and privacy for businesses leveraging blockchain technology, facilitated by the integration of cutting-edge zero-knowledge (ZK) proofs via a partnership with Matter Labs. Quicknode Reveals…
Read more
According to the crypto payments company Wyre, based in San Francisco, which ceased operations in June 2023, the multi-currency self-custodial wallet platform Rockwallet has taken over Wyre’s entire customer base. On Thursday, Rockwallet announced it has been reaching out to customers to ensure a smooth transition in their digital asset endeavors, eliminating the need for…
Read more
