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MicroStrategy’s Michael Saylor is Now in Almost $2 Billion Profit From Bitcoin Holdings – Will He Sell?
4.12.2023
Business intelligence company MicroStrategy (MSTR) is nearly $2 billion in profit on its Bitcoin (BTC) holdings since it began investing in the digital asset over three years ago. The firm’s laser-eyed owner and founder, Michael Saylor, has publicly documented all of MicroStrategy’s BTC purchases...
Altcoins in the Limelight — LUNC, IOTA, and ORDI Dominate This Week’s Crypto Gains
4.12.2023
Over the last week, both bitcoin and ethereum experienced significant upticks, with increases of 13% and 10% respectively. Meanwhile, an array of other cryptocurrencies achieved even more impressive growth during the same period. Notably, terra luna classic (LUNC) surged by 122.5% against...
Ethereum Technical Analysis: ETH’s Strong Averages Clash With Oscillator Signals
4.12.2023
As ethereum marks a significant price of $2,250, its movement within a 24-hour range of $2,151 to $2,271 reflects strong activity in the crypto market. With a substantial trade volume of $26.82 billion and a market capitalization of $269 billion, ether demonstrates its continued and dynamic...
South Africa’s Financial Regulator to Assess 36 Crypto Firms Seeking Licenses in December
4.12.2023
Source: Pexels South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications to 36 cryptocurrency companies seeking operational licenses in the country this month. According to a report published by local media sources, the regulator will...
Barry Silbert Navigated Fallout From 2022's Crypto Scandals
4.12.2023
The former owner of CoinDesk faced a slew of lawsuits and complications in 2023, but, by year-end, his Digital Currency Group (DCG) had put some issues behind it
UK Lawmakers Urge Lower Digital Pound Holding Limits
4.12.2023
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound
Standard Chartered Zodia Integrates Ripple-Owned Metaco’s Crypto Safekeeping
4.12.2023
Source: Adobe Standard Chartered Bank-backed digital assets custodian Zodia Custody, has integrated Metaco network’s global crypto storage services. The strategic partnership is aimed at offering global sub-custody services for cryptocurrencies. This means that Metaco would store client’s funds...
Česko.Digital od ledna povede Jan Kotara, stávající šéfka Eva Pavlíková přejde do správní rady
4.12.2023
Komunitní organizace Česko.Digital mění vedení. Dosavadní šéfku Evu Pavlíková od ledna střídá stávající provozní ředitel organizace Jan Kotara. Pavlíková vedla Česko.Digital téměř 3 roky a nově na ni bude dohlížet ve správní radě
Digital Assets Worth $343M Stolen From Crypto Exchange Platforms in November — Study
4.12.2023
Digital assets worth just over $343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of...
This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation
4.12.2023
Source: DALL·E A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level. The case in question, Moore...
Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’
4.12.2023
Source: Larisa/Adobe The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed. Per ProGorod, Russia’s CBDC project will be the biggest transformative event in the nation’s economic history since the collapse of...
Chinese Firms Can Now Make Digital Yuan Housing Fund Payments
4.12.2023
Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications. Per the Guangzhou Daily (via the Guangzhou government’s website), the Guangzhou Housing Provident Fund Management Center has “launched digital yuan remittance...
Value Locked in Defi Nears $50B With 34.40% Surge in 46 Days, Led by Top Protocols
3.12.2023
The total value locked (TVL) in decentralized finance (defi) is on the brink of surpassing the $50 billion threshold, standing at $48.91 billion currently. This figure marks a significant rebound from the low of $36.39 billion recorded 46 days ago, on October 18. Over this period, the TVL in defi...
Asset Managers Should Only Engage Staking Platforms With Strong Security — Andrew McFarlane
3.12.2023
Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is...
South African Crypto Exchanges Revix and Bitfund Merge With Austrian Digital Asset Platform
3.12.2023
Two South African crypto platforms and an Austria-based digital asset platform have joined forces to launch a new alternative investment platform called Altify. The goal of the new outfit is to enable South African investors, particularly the younger ones, to harness the power of alternative...
Breaking: TRON’s Innovation and Bitcoin’s Dominance Challenged by This Crypto Force
3.12.2023
Tron (TRX) has recently captivated the attention of Iranian militant groups, suggesting the broader adoption of TRX. Also, Standard Chartered Bank reasserted its bullish position on Bitcoin (BTC), projecting an even more ambitious height for the flagship digital currency. Meanwhile, BorroeFinance...
Terra (LUNA) Re-enters Top 100 Crypto As InQubeta (QUBE) Smashes $5.6 Million Presale Mark
3.12.2023
Significant digital asset ranking shifts continually happen in the crypto market. According to CoinMarketCap, Terra (LUNA), an algorithmic stablecoin, has re-entered the top 100 cryptocurrencies by market capitalization after a recent spike in its price. This development coincides with...
FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August
2.12.2023
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at...
Crypto Firms’ Compliance With Regulation Should Not Be at the Expense of Innovation — Zak Taher
2.12.2023
Zak Taher, the CEO of Multibank.io, said he believes the United Arab Emirates (UAE) is the most attractive investment destination for overseas digital asset companies due to its effective governance and the leadership of its individuals. The UAE’s status within the global financial landscape...
Bitcoin Price Prediction as Total Crypto Market Cap Reaches $1.5 Trillion – Is $40,000 the Next Target for BTC?
2.12.2023
In the ever-evolving landscape of digital currencies, Bitcoin showcases a bullish stride, currently trading at $38,765 with a commendable increase of nearly 2% on Saturday. As December unfolds, the cryptocurrency market radiates optimism, with Bitcoin edging towards a 19-month peak, reflecting...