MicroStrategy, co-founded by former CEO Michael Saylor, has gained significant attention as one of the largest holders of Bitcoin. In a recent discussion with Bloomberg, Saylor emphasized that potential approvals of Spot Bitcoin ETFs by the SEC would not impact his company’s “Bitcoin Strategy.” This article critically examines MicroStrategy’s unique approach to Bitcoin and its
Dogecoin (DOGE) has been making headlines recently, but not for the right reasons. The price of DOGE has taken a downward trajectory, causing concern among investors. In the past 24 hours alone, DOGE’s price has dropped by 3.6%, and over the course of the past seven days, it has seen a decline of 5.2%. These
In a recent letter, US Senators, led by Elizabeth Warren, have called for prompt action to implement new tax reporting requirements for digital asset brokers. The need for these requirements stems from the Infrastructure Investment and Jobs Act (IIJA) enacted nearly two years ago, which aimed to address the estimated $50 billion crypto tax gap
Kaspa, a Directed Acyclic Graph (DAG)-based proof-of-work (PoW) platform, has gained significant attention in the blockchain sphere. Its emergence came at a time when the community was in search of an alternative to Ethereum (ETH) following its transition to a proof-of-stake (PoS) framework. Unlike traditional blockchain systems, Kaspa’s DAG-based PoW mechanism offers a unique approach
The Australian Securities and Investments Commission (ASIC) has recently filed a lawsuit against the online trading platform eToro, accusing it of violating financial regulations related to cryptocurrency derivative products. This alleged violation has reportedly led to two-thirds of Contract For Difference (CFD) traders losing their funds. The ASIC Deputy Chair, Sarah Court, expressed disappointment over
In a recent incident, Changpeng “CZ” Zhao, the CEO of Binance, shared a cautionary tale of a clever scam attempt that was fortunately unsuccessful. This incident highlights the increasing sophistication of scammers in the crypto world and serves as a reminder for users to stay vigilant. Scammers have devised a new weapon in their arsenal
The cryptocurrency market is abuzz with anticipation as the highly anticipated Shibarium launch draws near. Shiba Inu, originally a meme-based cryptocurrency, has now established its position in the market. Recent data from IntoTheBlock reveals significant activity among Shiba Inu’s whales, who have moved billions of SHIB tokens in the past 24 hours. This surge in
Bitcoin price is facing significant resistance as it struggles to break above the $30,000 level. The leading cryptocurrency started a fresh decline after failing to clear the resistance zone, and it is currently trading below key support levels. BTC attempted to surpass the $30,000 resistance zone but faced selling pressure, resulting in a fresh decline.
Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a stagnant number of active ERC-20 addresses in 2023. Despite fluctuations in Ethereum’s price, the activity has remained relatively low, indicating a potential shift from bullish to bearish in the medium term. As of August 2, there were approximately 275,000 active ERC-20 addresses, showing minimal change
In the world of digital currency, crypto signals serve as road signs for investors, guiding them on when to buy or sell cryptocurrencies. However, not all platforms offering these signals are reliable, leading to significant financial losses for unsuspecting traders. For those seeking secure and informed decisions in cryptocurrency trading, a trustworthy platform that provides
