Day: March 19, 2024

MicroStrategy now owns over 1% of Bitcoin’s total supply

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Michael Saylor’s MicroStrategy bought an additional 9,245 Bitcoins throughout this week for $623 million.  The latest purchase brings their total Bitcoin holdings to 214,246, averaging a purchase price of $35,160 per Bitcoin and cumulatively spending $7.5 billion. MicroStrategy‘s significant investment places the company’s Bitcoin assets at over 1% of the entire Bitcoin market, marking an unrealized profit margin of approximately $6 billion. The funding for this substantial acquisition came from two sources: $592.3 million was secured through the company’s latest convertible debt offering, and the remaining $30.7 million was allocated…

Norque to Launch First Blazing Fast, Secure AI and ML-Enabled Blockchain, DEX, CEX, Instant Payment via Cryptocurrency Application and Real Usability Coin/Token with Insurance Integration for Users and Stakeholders

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Norque for Security, Usability, Accessibility and Sustainability for Blockchain, Web3, Cryptocurrency, Metaverse and Physical world by integrating Artificial Intelligence, Machine Learning technology and Risks Mitigation offerings. SAN FRANCISCO, March 19, 2024 /PRNewswire/ — Norque is coming with its ICO around April/May 2024 introducing a pioneering ecosystem that merges blockchain, AI, ML, cryptocurrency, and insurance, marking a first in the sector. Norque aims to bring security, usability, accessibility, and sustainability to the blockchain, Web3, cryptocurrency, and the metaverse. In response to the cryptocurrency market’s volatility and high-profile failures, Norque presents a novel…

Dogecoin Growth Hits Roadblock As Holder Activity Enters Dreaded Period Of Stagnancy

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The Dogecoin (DOGE) network has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed. This is a stark contrast to February and January, when the network experienced a significant expansion.  Dogecoin Has Added Only 60,000 New Addresses In March Data from the market intelligence platform Santiment shows that the total number of DOGE holders has increased by only 60,000 since the beginning of this month. At the start of the month, 6.51 million users were holding the meme coin, with this figure only…

Bitcoin Suffers Massive Drop On BitMEX, Is The Rally Over?

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Since Bitcoin (BTC) witnessed a crash this week to $64,000, the crypto asset has not been able to reclaim its momentum, with the price falling even lower. This has led to a general market decline that has affected altcoins. Bitcoin Plummets To $8,900 On BitMEX Exchange In a devastating turn of events, Bitcoin witnessed a steep decline on the Seycelles-based cryptocurrency exchange BitMEX on Monday. Reports from blockchain media, Wu Blockchain, revealed that Bitcoin fell to around $8,900, following a massive BTC sell-off on the platform. Wu Blockchain reported that…

Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements

Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail investors in […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Coinbase’s Allies Join Crypto Firm’s Case Against U.S. SEC

“As long as the SEC’s registration process requires a centralized issuer, it will be incoherent for crypto assets, meaningful disclosures will not happen, and the public will not have access to the material information that it needs,” according to the Paradigm brief filed with the U.S. Court of Appeals for the Third Circuit. It also cited the fact that the Republican duo on the five-person commission is in stark disagreement with Chair Gary Gensler that what the SEC is doing is clear, fair and based in the law. Source

Bitcoin EFTS to beat gold, Shiba Inu tops, InQubeta gears up for launch

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bloomberg’s specialist predicts spot Bitcoin ETFs will surpass gold ETFs, as Shiba Inu maintains meme coin dominance and InQubeta’s launch draws near, highlighting a transformative phase in cryptocurrency investment trends. Eric Balchunas, a senior ETF analyst at Bloomberg, reiterated his bullish stance on spot Bitcoin ETFs. According to him, the funds will overtake gold ETFs at some point, unless “some kind of black swan event occurs.” Amid massive ETF…

Bitcoin.com Announces Integration of VERSE Token With BitPay for Expanded Payment Options

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Bitcoin.com, a leading figure in the world of cryptocurrency and blockchain technology, is thrilled to announce a significant enhancement to the utility of its ecosystem token, VERSE. In a groundbreaking collaboration, VERSE has now been integrated with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. This integration heralds a new era of […] Original

Bitcoin and Crypto’s Fate Tied To Fed Rate Move

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In the lead-up to the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, March 20, the Bitcoin and crypto market is experiencing a severe downtrend. BTC price has plunged roughly -10% in the past two days, and Ethereum (ETH) is down -12% in the same period. The anticipation surrounding the Fed’s stance on interest rates has heightened in the wake of recent economic indicators, including unexpected spikes in the  US Consumer Price Index (CPI) and Producer Price Index (PPI), stirring volatility across markets, including digital assets. The consensus, with…