The overall BTC holding of the global private firms surged after February 2021. MicroStrategy, a prominent BI organization, is bullish on BTC with an AUM worth over $6 Billion. BTC holding of private firms increased by 400% in just a year. Source: Bitcoin.com The BTC amount held by private…
Bitcoin
On Thursday night, developer Samuel Dobson revealed that he is stepping down as a Bitcoin Core maintainer after three years because he “can no longer dedicate the time required, as I approach the end of my Ph.D.” as made known in a series of tweets. “I am officially stepping…
Being inflationary encourages people to spend Dogecoin, making it a better transaction currency, said Elon Musk. DOGE price meanwhile is still down 78% from it’s all-time high. Bitcoin, according to Tesla CEO, is more suitable as a store of value and that’s why investors prefer to “HODL” it. Tesla’s…
China is urging state-owned enterprises to stop mining cryptocurrencies, and the government is proposing punitive penalties, such as higher energy costs, for those that do so. According to sources, Meng Wei, a spokesperson for China’s top economic planner, claimed during a press conference that the NDRC aims to supervise…
Apple has no plans to use its $200 billion cash reserve to invest in cryptocurrency. While there is no intent to accept crypto as payment “in the immediate future,” the company is “definitely” looking at other things. Bitcoin and Ether meanwhile have rallied to new highs – $69,000 and…
According to research by Kazakhstan’s Data Center Industry & Blockchain Association, or NABDC, cryptocurrency mining might generate $1.5 billion in revenue for the country over the next five years. The government currently earns roughly 98 billion tenge ($230 million) each year from corporate digital currency mining. According to local…
In May/June, China outrightly banned all crypto-related activities including Bitcoin mining in the region. Since then there has been a large exodus of miners away from China, as a result, Bitmain has also seized shipping Antminer into China. Bitmain has boosted its production capacity to other regions of the…
The most recent development in the US congress has revealed that Senator Cynthia Lummis owns roughly $100k in bitcoin. To some, this isn’t entirely surprising as the senator has been an ardent advocate of cryptocurrency in the house. Cynthia’s presence in the house could be pivoting some positive changes…
El Salvador has announced $0.20 of subsidy per gallon of petrol if residents pay in Bitcoin. The Central American country’s Bitcoin holdings are now worth more than $35 million. In less than a month, the government’s Chivo wallet recorded 3 million active users. To further boost the adoption of…
Elon Musk is a firm believer that ‘It’s not possible to destroy crypto but the government can slow its advancements’ Speaking at the Code conference last month he said ” governments are clamping down on cryptocurrencies because it denies them the power of financial centralization but rather gives decentralized…
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