MicroStrategy’s model offers greater flexibility than an investment trust, Saylor argued, enabling the company to develop software, generate cash flow, leveraging the capital market, and accumulate bitcoin for its shareholders and foster the Bitcoin network. Original
The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase of 15.5% over the number detected in 2022. Specifically, the number of pyramid schemes detected increased by 46%, relying on the Internet and cryptocurrency as tools for promoting and carrying […] Source CryptoX Portal
Solana is gaining bullish momentum above $110. SOL price is surging, and the bulls could soon aim for a move above the $120 level. SOL price started a fresh increase from the $95.00 support against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $109.20 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $115 and $118…
Ethereum price is up over 5% and there was a push toward $2,700. ETH is consolidating gains and might aim for a move toward $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,630 support zone. Ethereum Price Starts Fresh…
Digital Currency Group (DCG), the parent company of Grayscale Investments, reported a 59% surge in revenue in the fourth quarter of 2023. According to Bloomberg’s reports, the company sent a letter to its stakeholders today, highlighting that its revenue escalated to $210 million during the quarter, up from $132 million in the same period the previous year. The firm’s EBITDA reached $99 million, reflecting a profit increase. The financial performance of DCG is closely tied to the broader cryptocurrency market trends, which have seen substantial growth, more than doubling since…
A source said that the investment was split evenly between the two digital assets. Source
Bitcoin price extended its rally above the $48,800 resistance. BTC tested $50,000 and is currently showing signs of a downside correction. Bitcoin price climbed higher above the $48,500 and $48,800 resistance levels. The price is trading above $48,800 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $49,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a downside correction below the $49,750 and $49,500 levels. Bitcoin Price Jumps 5% Bitcoin price remained in a…
Chainlink (LINK) price has stagnated since breaking above the $20 mark on Feb. 10, as on-chain data trends suggest that whale investors booking profits could trigger a pullback. Chainlink price has been on an uptrend in recent months thanks to the LINK token’s systemic importance to the burgeoning asset tokenization and Real World Assets (RWA) sectors. An unusually rapid selling trend spotted among whale investors holding LINK threatens to scuttle the rally. Whale investors offloaded 7 million LINK tokens in last 10 days Institutional interest in the asset tokenization wave…
Charles Hoskinson, co-founder of Cardano, joined Discovery Crypto to discuss his thoughts about the state of the crypto space, what current developments in the industry suggest, and the network’s future as the “Taylor Swift of Blockchains.” Cardano’s Big Reputation The recent interview sparked a discussion about Cardano’s relationship with crypto exchanges like Gemini and other figures in the crypto industry, as the interviewers suggested there appears to be a “coordinated effort to minimize Cardano’s impact.” During this discussion, Charles Hoskinson noted that most players in the crypto space seem to…
The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that can undermine the U.S. dollar as a reserve currency is reckless spending by both U.S. political parties. […] Original