MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat. MicroStrategy purchased its first Bitcoin stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved…
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Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X. Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results. On Aug. 9, local anti-censorship organization VE sin…
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An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH. An unknown crypto user appears to have accidentally spent $90,000 in gas fees in what should’ve been a simple transfer of $2,200 in Ether. The user spent 34.26 Ether — worth $89,200 at current prices —…
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Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts. Crypto market analysts say the Bitcoin bear trap is officially over. Based on historical chart patterns, they are eyeing the next price breakout. Was the 25% Bitcoin price drawdown a bear trap? A bear trap is a form…
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Surging Ethereum network activity and growing adoption of layer-2 scaling solutions pave the way for an ETH price rally to $3,000. Ether rallied 16.2% on Aug. 8, but struggled to maintain levels above $2,600 on Aug. 9. Despite encountering stronger-than-expected resistance at $2,700, Ether remains well-positioned to extend its bullish trend, supported by a more…
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Discover the telltale signs of a true crypto veteran through market crashes, memecoins, and the highs and lows of digital gold. A market crash recently sent shockwaves across global financial markets, sending Bitcoin below $50,000 for the first time since your grandma asked you what a Dogecoin. But you’re as cool as a cucumber because…
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Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a…
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Coinbase has now filed a motion to compel, including among others, a narrowed request for Gary Gensler’s private communications during his time as Chair. Coinbase has filed a motion to compel the United States securities regulator to produce Gary Gensler’s private emails amid its ongoing legal battle with the regulator. It comes after Coinbase sent a…
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The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust. United States Ether exchange-traded funds (ETFs) posted a net inflow of $106.6 million on their first day of trading — despite massive outflows from Grayscale’s freshly-converted Ethereum Trust. BlackRock and Bitwise’s ETFs…
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The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services. Crypto exchange Gate.io has begun shuttering services for Japanese customers, citing “compliance requests” from the country’s financial regulator. Gate.io announced the termination of services for all Japanese customers in a July 22 announcement, adding that it…
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