MicroStrategy CEO Michael Saylor implied the company will not sell its bitcoin.The firm has 115,109 BTC available to pledge as collateral for its bitcoin-backed loan and could put some other collateral available if needed, he added.MicroStrategy took out the loan to purchase more bitcoin last month. MicroStrategy CEO Michael Saylor took to Twitter on Tuesday morning to alleviate fears that…
Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CHIP-2021-03, which brings bigger script integers to the chain, and CHIP-2021-02, which has to do with the activation of native introspection opcodes, directed to simplify the writing of smart contracts…
Townsquare Media purchased an aggregate of $5 million worth of bitcoin in a recent SEC filing. The company notes that its Q1 2022 purchase could have realized a $1.2 million profit had the company sold. Townsquare stated it believes in the “long-term potential” of bitcoin. Townsquare Media (NYSE:TSQ), a digital media and marketing solution, submitted a Securities and Exchange Commission…
The United Kingdom has introduced two bills both concerning the seizure and support for cryptocurrencies as part of Prince Charles’ remarks at the State Opening of Parliament. In a Tuesday publication released by the U.K. Prime Minister’s Office, the government said it will address crypto regulation in the country with the introduction of the Financial Services and Markets Bill and…
El Salvador President Nayib Bukele released models showcasing Bitcoin City. The models include a volcano overlook, featuring a bitcoin centerpiece within the city.The previously announced Bitcoin Bonds are meant to fund the infrastructure for the city. President of El Salvador Nayib Bukele released a model of Bitcoin City after announcing the bitcoin nation-state had bought the dip. The first pictures…
Bitcoin plunged below $30,000 for the first time in eleven months, as bears continued to run rampant in crypto markets. This move came as Luna Foundation Guard was said to be liquidating close to $1.5 billion worth of BTC. Ethereum also fell to multi-month lows, as prices hovered slightly above $2,200. Bitcoin Bitcoin fell for a seventh consecutive session, as…
In brief Bitcoin-exposed stocks are taking a beating. They could be in for a further jolt as Coinbase reports earnings on Tuesday afternoon. A massive sell-off in the crypto markets, which has seen Bitcoin briefly dip below $30,000, has also triggered collateral damage to the stock price of public companies with high exposure to crypto markets. While overall share prices…
Following Kraken’s listings of Bifrost (BNC), Bonfida (FIDA), and Origin Protocol (OGN) for most countries, Kraken is excited to announce the availability of these tokens for residents of the United States and Canada! Funding and Trading Funding and trading are live. Keep an eye on the status page for updates. You can add these tokens to your Kraken account by…
The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures. The KuCoin cryptocurrency exchange officially announced on May 10 a $150 million pre-Series B funding round, bringing the company’s valuation to $10 billion. The latest funding round mainly aims to strengthen the exchange’s partnership with…
Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough to guarantee green Bitcoin…
