Day: December 28, 2022

Michael Saylor’s MicroStrategy Parks $56 Million In Bitcoin

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Summary: MicroStrategy bought roughly 2,395 BTC between November 1 and December 21, 2022. The firm also purchased another 810 BTC for $11.6 million on December 24. Saylor’s company spent around $42.8 million bolstering its Bitcoin holdings to about 135,000 BTC worth approximately $2.2 billion at press time. Microstrategy also sold BTC for the first time, offloading some 704 coins for $11.8 million according to the SEC filing.  Software developer MicroStrategy bought more Bitcoin with about $42.8 million in cash, per a filing with the Securities and Exchange Commission.  According to…

The Agenda podcast explores how DAOs can strengthen workers’ rights

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Collective action, labor struggle and protest go hand in hand, and it’s no secret that unionizing and organizing to fight for workers’ rights is a tedious task. But is there a way to simplify and boost the efficiency of the process? On this week’s episode of the newly launched podcast The Agenda, Cointelegraph senior copy editor Jonathan DeYoung and head of markets Ray Salmond sit down with Larry Williams Jr., co-founder of TheLaborDAO, and Daniel Carias and Dustin Tong, co-founders of theCaféDAO, to discuss the state of workers’ rights in…

Terra Luna Classic Crashes 11% After This Binance Change

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The Terra Classic (LUNC) price has been boosted in recent days by a rumor that the world’s second-largest exchange, Coinbase, might buy and list the token. As NewsBTC reported, the rumor originated from an anonymous source in the Terra Classic community. However, the credibility of the rumor is more than questionable. Nevertheless, the community seemed to believe the rumor that Coinbase has approved the purchase of $245 million in LUNC and will make the listing on the exchange public on January 3. The price subsequently rose from a low of…

Uniswap Tops Other Big Crypto In Social Dominance Despite Price Drop

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Uniswap (UNI) has surged in the social dominance department, peaking on December 25 at 20.46%. Uniswap is seen to win the popular vote as it topples other cryptocurrencies in the social arena. Here’s a quick look at how it is performing: UNI price drops 1.26% Uniswap critical support spotted at $5.09 UNI dominates the crypto space in terms of social dominance On the other hand, UNI still looks bearish, which could linger on for quite some time. According to data by CoinMarketCap, UNI price was trading at $5.07, down 5.2% in…

3HOUSE Building the Most Comprehensive Source of Web3 Investment-Related Content

Place/Date: Singapore – December 28th, 2022 at 1:40 pm UTC · 3 min read Contact: Dylan O’ Hanrahan, Source: 3HOUSE 3HOUSE, the emerging Web3 investment community, is being developed as a comprehensive source of high-quality investment-related content designed to be a home for Web3 investors. 3HOUSE aims to provide exclusive access to a community of informed investors looking to accumulate wealth in the Web3 space. The platform, also named 3HOUSE, aims to provide exclusive access to a community of informed investors looking to accumulate wealth in the Web3 space. The…

Argentine Senate Mulls Crypto Advertisement Regulation – Regulation Bitcoin News

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The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations promote crypto. The objective of the project, which is still under discussion, would be to educate consumers on the dangers of investing in crypto and also to protect them from investing in crypto Ponzi schemes. Argentine Senate Gets Into Crypto Advertisement Regulation More and more countries are taking action to avoid the diffusion of cryptocurrency scams through advertising channels. Argentina, one of the countries in Latam where cryptocurrency adoption has been growing,…

Bitcoin bears well positioned for Friday’s $2.5 billion options expiry

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A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by a brutal bear market. It is important to highlight that the U.S. stock market likely has driven those events, as the S&P 500 index peaked at 4,631 on March 29 but traded down 21% to 3,640 by mid-June. Moreover, such a date coincides with the centralized cryptocurrency…

Crypto investors sue Winklevoss twins over interest accounts on Gemini

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Tyler and Cameron Winklevoss, founders of the Gemini cryptocurrency exchange, are reportedly facing a new lawsuit from investors over thinterest-earning program Gemini Earn. Disgruntled investors have filed a lawsuit against Gemini founders accusing the firm of fraud and violations of the securities laws, according to a report by Bloomberg. Filed on Dec. 27 in U.S. District Court in Manhattan, the complaint states that Winklevoss brothers refused to “honor any further investor redemptions” after halting those due to exposure to troubled trading firm Genesis Global Capital. The plaintiffs alleged that the…

Crypto Exchange Gemini Sued by Investors Over Interest-Earning Program

“When Genesis encountered financial distress as a result of a series of collapses in the crypto market in 2022, including FTX Trading Ltd. (“FTX”), Genesis was unable to return the crypto assets it borrowed from Gemini Earn investors,” the filing said, adding that after the Gemini Earn program was halted, the company “refused to honor any further investor redemptions, effectively wiping out all investors who still had holdings in the program, including Plaintiffs.” Source