MicroStrategy, a prominent business intelligence software company co-founded by Michael Saylor, has been making headlines due to its soaring stock price in recent weeks and months. The company, which is also the largest corporate holder of Bitcoin, has outperformed major US stock market indexes by a significant margin. Since the beginning of the year, MicroStrategy’s
Cryptocurrency
In the ever-evolving world of cryptocurrency trading, traders are constantly on the lookout for the next big opportunity to make quick profits. With Bitcoin consolidating just below recent highs and other major coins taking a breather from rallying, the focus has shifted towards the volatile and high-risk world of shitcoins. These lesser-known coins, often created
Hungary is making strides in the world of cryptocurrency by proposing a new legislative framework that would allow banks, investment funds, and asset managers to offer services in Bitcoin and other digital currencies. This initiative, set to come into effect on June 30 if approved, signifies a significant advancement in the country’s financial sector. The
The Nigerian government is considering imposing a hefty fine of $10 billion on cryptocurrency exchange Binance. Reports suggest that Bayo Onanuga, the special adviser to the Nigerian president, accused Binance of profiting from facilitating illegal transactions in the African country, causing significant financial losses. Onanuga stated that the proposed fine is a form of retribution
When it comes to the current trends in the cryptocurrency market, one cannot ignore the recent surge in the price of Shiba Inu. With a +20% increase in trading volumes amounting to $2Bn, SHIB has caught the attention of many investors. The developers of SHIB have announced the integration of an additional privacy layer on
Artificial Intelligence (AI) has been a booming sector in the cryptocurrency market in 2024, with AI-related coins experiencing significant growth and surges in value. The combined returns of AI coins have increased by 76% since the beginning of the year, showing a promising trend for investors. This surge in AI coins can be attributed to
Justin Sun, the co-founder of Tron, a smart contracting platform for deploying decentralized applications (dapps), has been making significant moves in the crypto market. According to Lookonchain data on February 29, Sun transferred 100 million USDT to Binance after moving substantial sums earlier in the week. This strategic maneuver indicates Sun’s active participation in the
Crypto exchange Gemini recently reached a settlement with New York regulators to return a minimum of $1.1 billion to customers who were affected by the collapse of its Gemini Earn Program. This settlement also includes a $40 million contribution to Genesis Global Capital’s bankruptcy proceedings and a $37 million fine imposed by the New York
Bitcoin, the pioneering cryptocurrency that laid the foundation for the entire blockchain industry, has long been hailed as a digital gold and a store of value. However, it has faced criticism for its limitations in terms of scalability and functionality compared to other blockchains like Ethereum. With its network capable of processing only seven transactions
The Chief Executive Officer (CEO) of Bitwise, Hunter Horsley, has recently made a bold prediction regarding the future of Bitcoin. Horsley is highly optimistic about the cryptocurrency’s bullish outlook, foreseeing a significant rise to $250,000 in the near future. This prediction has sparked excitement among cryptocurrency enthusiasts, as Bitcoin continues to dominate the market with