MicroStrategy owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company had bought another 301 Bitcoin for roughly $6 million, at an average price of ~$19,851 per BTC. In sum, the company is one of the largest holders of Bitcoin on the planet, holding 130,00 Bitcoin. Clearly, Saylor…
The internet handles several million data transactions per second. The blockchain infrastructure is in its technological infancy compared to the current iteration of the internet. Yet, blockchain is not just an infrastructure layer; it is an economic layer too. These economic features of the blockchain can potentially address the challenges of the internet. In a blockchain-based world, the tokenomics of…
As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services to institutional clients. The company has reportedly created a new group focusing on digital assets and will start with offering Bitcoin (BTC) and Ether (ETH) custody services for institutions. The firm also onboarded Ira Auerbach,…
MicroStrategy has acquired a fresh batch of bitcoin despite the ongoing market rout. The software company led by Bitcoin bull Michael Saylor added 301 BTC to its holdings in a purchase that cost about $6 million, according to a U.S. Securities and Exchange Commission (SEC) filing. The buy is the latest in a series of acquisitions that have lasted over…
Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, where it is expected that the Federal Reserve will increase interest rates. As inflation continues to remain at elevated levels, many anticipate the Fed will raise rates by over 75 basis points. Ethereum was also up, after briefly falling below $1,300 on Monday. Bitcoin Bitcoin (BTC) was marginally…
As the cryptocurrency market matures, more governments throughout the world introduce legislation to tax proceeds from crypto-related activities, with traders often triggering taxable events that can lead to future complications. Avoiding paying taxes is illegal, but there are legal ways to dodge triggering taxable events while hodling onto one’s cryptocurrency holdings: Roth IRAs. These are individual retirement accounts (IRAs) with…
The Nasdaq is seeking to offer custody services to institutions dipping their toes into cryptocurrency.The exchange has been a service provider in the market for some time, but the new move marks a fresh foray into the sector.The Nasdaq’s new service would bring the company into direct competition with well-established firms such as Coinbase. The Nasdaq U.S. stock exchange is…
Web3 payments platform Fuse has partnered with ChromePay, an identity-based payment solution, to launch a new suite of payment products in Africa — a move designed to boost financial inclusion on the continent. The partnership centers around ChromePay’s decentralized identity service, also known as a DID, which the companies claim will enable millions of Africans to participate in the Web3…
Nasdaq is reportedly planning to launch its own crypto custody service, as Wall Street tries to capture institutional investor interest amid the ongoing crypto winter. According to sources who spoke to The Block and Bloomberg, the exchange provider will initially offer custody services for Bitcoin and Ethereum to institutional investors, such as hedge funds. Nasdaq has hired former Gemini Prime…
This is an opinion editorial by Paolo Ardoino the chief technology officer at Bitfinex. Ignore the avalanche (ba dum tsss) of fear, uncertainty and doubt (FUD) tumbling down from large sections of the popular press: Bitcoin is here to stay. A recent joint report conducted by Boston Consulting Group, Bitget and Foresight Ventures forecasts that the number of crypto users…
