Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates data […] Source: https://news.bitcoin.com/microstrategy-plans-to-launch-a-decentralized-identity-solution-on-bitcoin/
Month: May 2024
Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain […] Source: https://news.bitcoin.com/defis-tvl-declines-by-10-billion-in-april-despite-growth-in-bitcoin-and-newer-blockchains/
MicroStrategy Is Building ‘Decentralized ID’ on Bitcoin Using Ordinals-Like Inscriptions
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports During a presentation at the annual MicroStrategy World conference in Las Vegas, MicroStrategy co-founder and Executive Chairman Michael Saylor unveiled the open-source MicroStrategy Orange Decentralized Identity…
Bitcoin miner Riot Platforms reports record $211M Q1 net income
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine. Source: https://cointelegraph.com/news/riot-platforms-q1-results-record-211-million-net-income
Build on Bitcoin Launches Mainnet With Over 40 Apps
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The Build on Bitcoin (BOB) project announced the launch of its first phase on Wednesday, enabling decentralized apps—dapps—to interact with the world’s top blockchain. The BOB…
Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […] Source: https://news.bitcoin.com/peter-schiff-declares-bitcoin-in-bear-market-amid-us-economys-stagflation-reality/
Bitcoin traders set $50K price target after BTC falls below key support level
Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts. Source: https://cointelegraph.com/news/bitcoin-traders-set-50k-price-target-after-btc-falls-below-key-support-level
States’ backlash against Binance.US continues with 6th license pulled
Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges. Source: https://cointelegraph.com/news/states-binance-us-license-cz
Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase
Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance […] Source: https://news.bitcoin.com/former-binance-ceo-cz-i-will-do-my-time-crypto-industry-has-entered-a-new-phase/
If the SEC Thinks Ethereum Is a Security, Are ETH ETFs Doomed?
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Will the SEC approve an Ethereum ETF this year? Optimism among market participants is fading—and now that the SEC’s stance on Ethereum as a security has…