Month: August 2024

Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Expands Bitcoin Holdings Microstrategy Inc. (Nasdaq: MSTR) reported its […] Source: https://news.bitcoin.com/microstrategy-boosts-bitcoin-holdings-to-226500-btc-with-q2-acquisitions/

Bitcoin’s price might have taken a hit as of late, but there is one metric that is still impressive: mining difficulty. Data from BTC.com shows that Bitcoin difficulty hit a new all-time high on Wednesday at 90.67 trillion hashes. Hashing is a mathematical function performed by Bitcoin miners as part of the process of securing the blockchain. The higher the…

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Ledn, a crypto lending platform, announced that it has processed over $1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in Asia. Institutional […] Source: https://news.bitcoin.com/crypto-lender-ledn-processes-over-1-billion-loans-in-first-half-of-2024/

Investment behemoth Morgan Stanley on Friday said it will soon permit its financial advisors to actively promote Bitcoin ETFs to eligible clients, marking the first time a major Wall Street bank has taken such a step. Starting next Wednesday, the firm’s vast network of approximately 15,000 financial advisors will be authorized to pitch shares in BlackRock’s iShares Bitcoin Trust and…

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Earlier this week, crypto advocates received what appeared to be a sigh of defeat from one of the industry’s chief antagonizers: The U.S. Securities and Exchange Commission (SEC) amended a complaint in its high-profile lawsuit against Binance to shelve allegations that Solana, Cardano, and Ethereum scaling network Polygon are unregistered securities. Could it be that the SEC, which earlier this…

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Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose its activities, it has failed to file its balances annually as […] Source: https://news.bitcoin.com/el-salvadors-chivo-wallet-has-not-presented-any-financial-balances-since-its-creation/