Tag: MicroStrategy
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The recent failure of the XRP Ledger is explained by the Ripple CTO.
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The XRP Ledger (XRPL) recently experienced a significant technical disruption, temporarily halting block production for about an hour. This unexpected outage raised concerns within the XRP community and allowed critics to question the network’s reliability. Unraveling the Cause of the Outage Ripple’s Chief Technology Officer, David Schwartz, commented on the situation, explaining that although the network is recovering,…
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Microstrategy’s Bold Move: Adds 11,000 BTC to its Holdings
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Microstrategy, the software intelligence giant, has made waves in the crypto world by acquiring 11,000 bitcoins worth $1.1 billion. This latest purchase brings its total holdings to a staggering 461,000 BTC, solidifying its position as a major player in the cryptocurrency market. According to a filing with the U.S. Securities and Exchange Commission (SEC), the…
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Trump’s Crypto Game-Changer: Bitcoin Eyes $100 Trillion Market Cap
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Bitcoin has surged once again, riding a wave of optimism driven by whispers of major policy changes under Donald Trump’s potential return to the White House. Speculation about sweeping crypto reforms is fueling excitement among investors, with some predicting Bitcoin could soar to unprecedented heights. Bitcoin Surges on Trump’s Crypto Vision Following a turbulent period,…
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MicroStrategy Increases Total Holdings by $209M with 2,138 BTC
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MicroStrategy, the world’s largest corporate holder of Bitcoin, has continued its accumulation spree, investing $209 million to acquire an additional 2,138 BTC. As per the announcement, this bitcoin has been purchased at an average price of $97,837. Also, it made between December 23 and December 29, 2024, brings the company’s total holdings to 446,400 BTC, valued at…
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Fireblocks, a digital platform, has over $3 trillion in transfers.
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At the Blockchain Expert conference in Tel Aviv, leaders from the crypto and regulatory sectors talked about the future of digital payments, predicting that global transactions will soon happen instantly. Idan Oferat, co-founder of Fireblocks, pointed out that stablecoins are becoming more important in blockchain transactions. He mentioned that more than half of the $3…
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Robinhood EU integrates Circle USDC stablecoin into its platform
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The chief executive officer of Circle, Jeremy Allaire confirmed the integration of USDC over Robinhood and mentioned that the platform will intensify the use of stablecoins in Europe. Robinhood Crypto EU is now offering Circle’s USDC stablecoin on its platform to its European customers. The decision comes with permitting the users to access a dollar-based digital…
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Bitcoin Surges Past $106K, Outpaces Gold with Unmatched Purchasing Power
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Bitcoin has achieved another historic milestone, soaring past $106,000 per coin and reaching unprecedented purchasing power relative to gold. The Bitcoin-to-gold ratio, a key metric comparing Bitcoin’s value to that of gold, hit an all-time high of 40 ounces of gold per Bitcoin. Bitcoin-to-Gold Ratio Hits Record High Veteran trader Peter Brandt highlighted this milestone,…
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MARA Holdings to Raise $805M for Bitcoin Expansion and Debt Management
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MARA Holdings, Inc., a key player in blockchain computing, has announced plans to raise $805 million through convertible senior notes due in 2031. This move underscores the company’s commitment to expanding its Bitcoin holdings and managing its financial obligations. The offering targets qualified institutional buyers, comprising $700 million in convertible notes and an optional $105…
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Sanctions, Crypto, and War: Putin’s Economic Balancing Act
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The economic activity in Russia is experiencing instability. In the face of mounting pressure, President Vladimir Putin is turning to cryptocurrency. On November 29, he signed a law officially classifying crypto as property.The Russian ruble fell to its lowest level in more than two and a half years on November 27. The Russian currency broke…
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NFTs’ monthly sales volumes reached a six-month high of $562M.
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Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover. On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is the highest…