Think MicroStrategy, the Bitcoin-hoarding software company, did well in 2021 as the price of BTC went from $29,000 to as high as $68,000? Not on paper. And not on the stock market today either as its share prices hit their lowest level since December 2020. The U.S. Securities and Exchange Commission (SEC) nixed the company’s accounting method, which would have…
In brief Dogecoin fell below $0.14 today, marking its lowest price since April 2021. The meme coin, which soared in price in early 2021, is now down 81% from its peak. It’s a brutal day across the cryptocurrency market, which has shed about 13% of its overall value in the last 24 hours, per CoinGecko. And while the especially volatile…
The formation of a smart contract, freezing of the smart contract, execution of the smart contract and finalization of the smart contract are the four significant steps of a smart contract’s life cycle. It is different from the blockchain development life cycle, which begins with defining the issue you want to resolve with your blockchain product and ends with a…
“Nitimur in vetitum” (We are ever striving after what is forbidden) You must have the devil in your body to suggest that there is something evil about a computer algorithm. Surely this would have to be counted as one of the fundamental characteristics of Bitcoin’s evolution: it has been called evil more times than the devil, there has been talk…
Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be Too Volatile The Indonesian Islamic…
Bitcoin (BTC) price continues to sell-off and the knock-on effect is an even sharper correction in altcoins and DeFi tokens. At the time of writing, BTC price has sank to its lowest level in 6 months and most analysts are not optimistic about an immediate turn around. Data from Cointelegraph Markets Pro and TradingView shows that a wave of selling that began…
press release PRESS RELEASE. Irvine, California, January 21, 2022: Merkle Standard, a sustainable digital asset mining platform, announced a new miner purchase order from Bitmain Technologies Limited. The executed purchase agreement is for 13,500 mining rigs from the leading ASIC mining manufacturer and aligns with Merkle Standard’s goal of becoming the industry’s most efficient and sustainable miner. The acquisition of…
Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases. According to a Bloomberg report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its Bitcoin (BTC) purchases based on non-GAAP, or Generally Accepted Accounting Principles. The business intelligence firm has…
Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying: “I don’t need this money for the next 5 to 10 years, but I have to admit sometimes I get so…
Sometimes, you just have to laugh so you don’t start crying. Or tweet so you don’t keep refreshing the screen on your dwindling crypto portfolio. In just 24 hours, the price of Bitcoin and Ethereum fell by over 11% and 15%, respectively. As of publication, a single BTC sells on an exchange for about $37,800, according to CoinMarketCap, its lowest…
