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Day: May 12, 2022
MicroStrategy’s bitcoin bet looks shaky and is now underwater
Rafael Henrique | LightRocket | Getty Images MicroStrategy, the enterprise software maker that’s bet big on bitcoin over the past two years, is now underwater on its holdings of the world’s largest cryptocurrency due to the market tumble. Bitcoin traded around $28,000 apiece on Thursday morning, recovering somewhat from earlier losses that brought the digital token below $27,000. Just last week, it touched a recent high around $40,000. Its all-time high, just below $69,000, was reached in November. MicroStrategy’s cost basis was roughly $30,700 per bitcoin, as of March 31,…
How blockchain archives can change how we record history in wartime
Decentralized blockchain technology has been around for a relatively short period of time, in the grand scheme of things, but its decentralized nature has the power to keep data and information out of the hands of censors looking to create a โsafeโ and โfaultlessโ version of history.ย Blockchain is permissionless and literally owned by no one. So, while we canโt save the Alexandria libraries of the past, we can make sure the future is well equipped with the tools necessary to preserve historical records. Here weโll look at some of…
Global Crypto Regulatory Body Is Coming Soon, Says Top Official
A joint body tasked with coordinating crypto regulation globally is sorely needed and could become a reality within the next year, according to Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO), an association of market regulators. Source
First Mover Americas: BTC Drops 2020 Levels of $25K and Tether Loses $1 Peg
The latest moves in crypto markets in context for May 12,2022. Source
Bitcoin’s Fall Under $28K Triggers Another $1.2 Billion Liquidations
The total crypto market cap is down over 13% in the past 24 hours Bitcoin fell as low as $26,000 for the first time since December 2020 Tether slightly depegged amid the ongoing market crash and UST debacle Over $300 Billion was wiped out from the crypto market over the past two days alone The massive slump in the cryptocurrency market continued on Thursday as the leading digital token by trading volume Bitcoin dipped below $28,500.ย Data from the daily charts on TradingView also showed that BTC touched a 2-year…
Soluna Receives $35M From Spring Lane to Build Green Data Centers
The money brings Solunaโs total funding for data centers co-located with renewable energy assets to $100 million. Source
Ethereum Mining – up tp $5730 in ETH with These 3 Methods
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Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse โ Featured Bitcoin News
The worldโs largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse of terra (LUNA) after algorithmic stablecoin terrausd (UST) lost its peg to the U.S. dollar this week, rumors have been circulating that Blackrock, Citadel Securities, and Gemini had some part in the fall. The three…
6th Man Ventures Raises $145M for Crypto Fund: Report
Itโs the second fund for the venture capital firm led by The Block founder Mike Dudas. Source