Day: March 31, 2023

MicroStrategy’s ($MSTR) $4 Billion Bitcoin Bet Inches Towards Profitability

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Bitcoin’s recent hike has brought MicroStrategy’s Bitcoin bet closer to profitability again.  Under Michael Saylor, the IT firm spent over $4 billion to acquire more than 138,900 BTC over three years.  The Bitcoins were purchased for an average price of $29,817, just $1500 more than its current price.  The company’s share price has gained more than 146% amid BTC’s rally.  MicroStrategy’s popular Bitcoin bet seems to be heading toward profitability once again after being in the red for the past three quarters. With Bitcoin maximalist Michael Saylor at its helm,…

Bitcoin white paper makes its F1 racing debut on Kraken-sponsored car

The Formula 1 car for the Williams Racing team will feature an excerpt from the Bitcoin white paper, as a result of a sponsorship deal with United States-based crypto exchange Kraken. In a March 31 tweet, Kraken showed its logo shaped like the legendary sea monster contained text from the opening of the 2008 document released by creator Satoshi Nakamoto in 2008. The Kraken logo appeared to include the entirety of the abstract and introduction, as well as the sections on transactions and timestamp server of ‘Bitcoin: A Peer-to-Peer Electronic…

MIT Space Force major proposes Bitcoin mining as cybersecurity tool

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An active-duty United States Space Force astronautical engineer is proposing to the Pentagon a cybersecurity tool capable of transforming the country’s national security and even the base-layer architecture of the internet: Bitcoin (BTC). In an academic thesis, Major Jason Lowery, who is also a National Defense Fellow at Massachusetts Institute of Technology (MIT), presented a new theory to the U.S. Department of Defense that Bitcoin is more than just a peer-to-peer payment system, but it is a new form of “digital-age warfare,” arguing that proof-of-work technologies will change the way…

James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’ – Interview Bitcoin News

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Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable and bleak, technocratic surveillance future leveraging central bank digital currencies (CBDCs) should nothing be done to stop it. The answer to the CBDC “total nightmare of monetary control,” as Corbett puts it, is cash, creativity, and to “choose to inform ourselves about agorism and the countereconomy.” James Corbett on…

Is a housing crisis underway? Why crypto investors should care

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The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In today’s episode, Pechman discusses the housing crisis, especially after the United States Case–Shiller Index dropped for the seventh straight month. Increased mortgage rates certainly played a part, considering 15-year financing rose to 5.6% from 3.7% in March 2022.  However, Pechman explains why…

US will auction 41,000 bitcoin associated with Silk Road

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The U.S. government is getting ready to auction off 41,000 Bitcoins that were connected to the infamous Silk Road marketplace. The proceeds will be used to benefit the U.S. Treasury. The United States government is making preparations to auction off a significant amount of bitcoin, approximately 41,000 BTC, which has been linked to the notorious Silk Road online marketplace. The move is aimed at utilizing the proceeds to benefit the U.S. Treasury. Silk Road was an infamous darknet platform that facilitated the sale of illegal goods and services, including drugs…

Investors Pour Money Into Crypto Investments for 4th Straight Month

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