Day: February 26, 2024

MicroStrategy adds 3k more Bitcoin for $155m

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Michael Saylor’s MicroStrategy has acquired more Bitcoin as the cryptocurrency jumped from around $41,000 at February’s beginning to over $50,000 as it draws to a close.  MicroStrategy scooped an additional 3,000 Bitcoin (BTC), spending an estimated $155 million at an average price of $51,813 for its latest BTC buy. The company founded by Saylor now holds 193,000 of crypto’s leading assets.  MicroStrategy bought its BTC at an average price of $31,544 and has spent around $6 billion purchasing its crypto holdings, but it is worth nearly $10 billion at current…

Will It Rise Above $1 Soon?

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The Dogecoin price has been trending sideways on low timeframes, but the cryptocurrency might be gearing up for a massive rally. The bull run across the nascent sector has been unkind to the king of the memecoins, but an analyst pointed at a potential change in direction towards a fresh all-time high. As of this writing, DOGE has stalled at its current levels with a 2% loss over the past 24 hours. Over the previous seven days, the token has recorded similar performance, but it remains green on the 2-week…

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards – Blockchain News, Opinion, TV and Jobs

Dubai, UAE, February 26th, 2024, Chainwire The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition Sui, the layer 1 blockchain that has experienced explosive growth since its mainnet launch in 2023, has emerged as the winner at the Eurasia Awards held during the second edition of AIBC Eurasia in Dubai. The gala event, renowned for its world-class attendance and previous winners such as Animoca Brands and Crypto.com, witnessed the Sui Foundation being honored for the leading position the blockchain has…

Aethir Unveils Its First Decentralized AI Node Sale – Blockchain News, Opinion, TV and Jobs

Singapore, Singapore, February 26th, 2024, Chainwire Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale. Aethir is an enterprise-grade, AI and Gaming-focused GPU-as-a-service provider. Aethir’s decentralized cloud computing infrastructure enables GPU providers to connect with enterprise clients who need the raw power of NVIDIA’s H100 chips for sophisticated AI/ML tasks. In addition, Aethir’s infrastructure supports cloud gaming clients and has contracts with the world’s largest gaming and telecom companies, taking advantage of its flexibility and coverage across technological and operational expertise.  $ATH token is…

Grayscale Outflows Drop To New Lows

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Outflows from Grayscale’s Bitcoin Trust (GBTC) seem to be slowing down, as shown by the trading activity of Bitcoin ETFs. This comes as investor anxiety over Grayscale’s Spot ETF seems to finally be subsiding, with the entire ETF cohort continuing to attract huge trading volumes and rapid growth in assets under management. As a result, the GBTC saw daily outflows drop steadily over the course of the week to just $44.2 million on Friday, the lowest since spot Bitcoin ETFs went live. Outflows Drop As Grayscale’s BTC ETF Stabilizes After…

The flippening debate: can Ethereum surpass Bitcoin?

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Are we witnessing a seismic shift in the crypto market as Ethereum inches closer to Bitcoin in market cap? Bitcoin (BTC) and Ethereum (ETH) represent the twin pillars of the crypto market, collectively commanding nearly 70% of its total market cap. Over time, Bitcoin evolved from a novel concept to a global financial asset, gaining traction among institutions. As of Feb. 26, BTC’s market cap is valued at over $1 trillion.  Companies like MicroStrategy and Tesla have amassed significant Bitcoin holdings, solidifying its popularity. Moreover, the recent approval of spot…

Bitcoin (BTC) Holdings at MicroStrategy Rise to 193K

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