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…
cryptocurrency
Six major crypto company executives went to the US congress for a landmark hearing. Call for tailor-made regulations was made while harsh regulations were cautioned against so as not to drive away innovation. The hearing has the crypto market optimistic and “overwhelmingly positive.” This week, the House Committee on…
According to a Pew Research Center poll issued on Thursday, around 16% of Americans had invested, traded, or used cryptocurrencies in some way. For people aged 18–29, the percentage rises to 31%, while for males in the same age group, it rises to 43%. Participants in the survey who…
Cream Finance lost more than $19m in cryptocurrency to an unidentified hacker. The hacked DeFi protocol stopped the exploit by pausing supply and borrowing of contracts on the AMP token. After the attack, both the AMP token and Cream Finance’s native token, CREAM, witnessed a significant fall in prices….
El Salvador, a Latin American country, made a historic decision in the early hours of Wednesday by accepting Bitcoin as a Legal tender The bill was passed with the majority paving the way to create a parallel financial structure for the unbanked After El Salvador’s historic decision, many other…
The report was published by Galaxy Digital, a crypto mining company of Michael Novogratz. Bitcoin’s energy consumption is below 114 TWh, whereas the traditional financial system consumes over 260 TWh & the gold industry consumes over 240 TWh per year. The crypto market lost $500 billion after Tesla discontinued…
The CEO of Tesla, Elon Musk, confirmed last week that he has not yet sold any of his personal bitcoin in response to the speculations of many that he was just another pump & dump investor. However, on the same note, he confirmed that his company Tesla had sold…
HMRC, the revenue authority of the United Kingdom has decided to increase efforts to uncover what it calls ‘’hidden wealth’’. The UK tax authority will include a new section in the ‘‘Statement of Assets” specifically designed for individuals to declare crypto assets. Any taxpayer who fails to disclose their…
Coinbase shares had a peak price of almost $439 on the first day, indicating a 71.8% price gain over its pre-listing price of $250. On FTX, a popular crypto-derivatives platform, Coinbase’s pre-IPO prices touched the highs of $640 before crashing down to $240. At a current price of around…
Visa partners with crypto exchange and card issuer platform, Crypto.com to launch the first fiat/crypto transaction settlement system. Visa expects to achieve significant savings from the billions of dollars currently spent in clearing & settlement of fiat transactions. If the pilot is successful, Visa aims to offer this as…
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