Tag: MicroStrategy

  • Wyoming pushes Bitcoin Bill to diversify State investments

    Wyoming pushes Bitcoin Bill to diversify State investments

    —

    by

    V Sinclair

    ‘House Bill 0201 (HB0201)’, a legislative proposal that seeks to permit the state to allocate a portion of its public funds to Bitcoin investments.  The bill sets a cap of 3% on BTC investments from eligible state funds, including the general fund, the permanent mineral trust fund, and the permanent land fund. It authorizes the…

  • Ripple moves 500M XRP worth $1.1B as market eyes $2.30 resistance

    Ripple moves 500M XRP worth $1.1B as market eyes $2.30 resistance

    —

    by

    V Sinclair

    Ripple moved 500 million XRP, valued at around $1.1 billion, sparking fresh speculation across the crypto space.  The transfer, flagged by blockchain monitoring service Whale Alert on May 2, initially sparked speculation of a large-scale dump. On-chain data, however, indicates that it was not a transfer to external wallets but rather a part of Ripple’s routine monthly…

  • Trump Strikes Down IRS Crypto Rule: A Win for DeFi Innovation

    Trump Strikes Down IRS Crypto Rule: A Win for DeFi Innovation

    —

    by

    Oscar

    In a landmark moment for the crypto industry, U.S. President Donald Trump has signed a resolution overturning an IRS regulation that targeted decentralized finance (DeFi) platforms. This marks the first successful pro-crypto legislation to clear Congress, signalling a potential shift in U.S. policy towards digital assets. IRS Rule Revoked: What It Means for DeFi The…

  • Bitcoin 2025: A Powerhouse of Crypto Visionaries in Las Vegas

    Bitcoin 2025: A Powerhouse of Crypto Visionaries in Las Vegas

    —

    by

    Oscar

    Bitcoin 2025, the much-anticipated global crypto event, is set to electrify Las Vegas from May 27-29, bringing together some of the most influential voices in the industry. This year’s event promises to deliver powerful discussions on Bitcoin’s future, featuring high-profile speakers and game-changing insights. David Sacks Joins the Spotlight The inclusion of Crypto Czar David…

  • MicroStrategy Buys Another 22K Bitcoin: Bold or Risky Move?

    MicroStrategy Buys Another 22K Bitcoin: Bold or Risky Move?

    —

    by

    Oscar

    MicroStrategy (MSTR) has strengthened its position as the world’s largest corporate Bitcoin holder, adding 22,048 BTC for $1.92 billion. This brings its total holdings to 528,185 BTC, worth over $43 billion at current prices. How MicroStrategy Funded the Purchase The acquisition was primarily funded through common stock issuance, raising $1.2 billion in the week ending…

  • MicroStrategy Stock Drops 11% — Is Bitcoin the Next to Fall?

    MicroStrategy Stock Drops 11% — Is Bitcoin the Next to Fall?

    —

    by

    Oscar

    MicroStrategy’s (MSTR) stock took a sharp hit on March 28, plunging 11% to close at $289.41, sparking concerns across the crypto space. Given the company’s massive Bitcoin holdings (over 140,000 BTC), its stock performance often mirrors Bitcoin’s. But this time, the fall in MSTR was far steeper than that of Bitcoin itself — raising red…

  • Crypto Equities Drop as Bitcoin Dips Below $81K

    Crypto Equities Drop as Bitcoin Dips Below $81K

    —

    by

    Oscar

    Bitcoin tumbled to a low of $80,226, triggering a widespread downturn across the crypto market. Leading altcoins also registered steep losses, deepening concerns among investors. The decline comes amid broader market fears, with potential tariffs from former U.S. President Donald Trump weighing on risk assets like crypto and equities. Crypto Stocks Take a Hit The…

  • Sam Altman’s World is ordered by Brazil to stop cryptocurrency payouts for the collection of biometric data

    Sam Altman’s World is ordered by Brazil to stop cryptocurrency payouts for the collection of biometric data

    —

    by

    V Sinclair

    Brazil’s data protection authority has directed Sam Altman’s World, formerly Worldcoin, to cease offering cryptocurrency or financial rewards for collecting biometric data from its citizens.This directive, issued on January 24, 2025, comes after an investigation launched in November 2024, following the debut of the World ID project in Brazil.  What is World Network and Its…

  • Michael Saylor Hints at a New Bitcoin Purchase from MicroStrategy

    Michael Saylor Hints at a New Bitcoin Purchase from MicroStrategy

    —

    by

    V Sinclair

    MicroStrategy, a software intelligence company, is back in the spotlight for its bold Bitcoin (BTC) acquisition strategy. Its chairman Michael Saylor has teased another Bitcoin purchase is on the horizon.  With Bitcoin’s value soaring, currently sitting at around $101,490, the company’s holdings are now worth an impressive $47.3 billion.  Its calculated investment strategy is paying…

  • Tornado Cash founder is released from prison by a Dutch court.

    Tornado Cash founder is released from prison by a Dutch court.

    —

    by

    V Sinclair

    On February 7, 2025, Alexey Pertsev, the founder of Tornado Cash, was released from prison after several months. A Dutch court decided to end his pretrial detention, but he will remain under house arrest and monitored electronically. His case has drawn attention from those concerned about privacy and cryptocurrency, marking a significant moment in his legal…