MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord Source
MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord
Day: April 30, 2024
Ahead of EU Elections, Crypto Industry Pushes Blockchain Merits as Policy Focus Shifts to AI
“While we recognize the intrinsic value of technologies like artificial intelligence, virtual reality and robotics, we believe that blockchain will serve as the trust layer for the convergence of all these technologies, allowing them to build upon each other and form the framework of the future digital economy,” the manifesto said. Source
Bitcoin (BTC) Set to Become More Dominant Even as First Monthly Loss Since August Looms
As of the time of writing, bitcoin changed hands at $63,200, representing an 11% monthly loss, the first since August 2023, according to data source CoinDesk and TradingView. The CoinDesk 20 Index, a measure of the most liquid digital assets, traded nearly 20% lower for the month at 2,185 points. Original
XRP Price Edges Up As Ripple Forms Major Partnership In Japan
Ripple has announced a major partnership with Tokyo-based HashKey DX, a consulting company of the HashKey Group, to deploy XRP Ledger (XRPL)-powered enterprise solutions in Japan’s burgeoning blockchain sector. The announcement led to an immediate 1.9% increase in XRP’s price, although this gain was slightly pared back; as of the latest data, XRP stands 1.1% higher since the news broke. The Ripple And HashKey Partnership: Details The collaboration leverages the substantial success HashKey Group has seen in mainland China. HashKey‘s blockchain-powered solutions for supply chain finance have registered over 4,000…
MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase
MicroStrategy’s Bitcoin holdings increased by 122 BTC in April, according to the company’s latest quarterly report. MicroStrategy, the largest Bitcoin holder among public companies, keeps buying more BTC, as its latest quarterly report indicates the company injected another $7.8 million, pushing the total amount of its crypto holdings to 214,400 BTC, valued at around $13.5 billion. In an X post on Apr. 29, Michael Saylor, former managing director of MicroStrategy, said the company boosted its holdings by 122 BTC in April, propelling its holdings by 25,250 BTC since the end…
Alliance Resource Jumps 5% After Coal Miner Says it Mines Bitcoin With Spare Electricity
“In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm’s chief financial officer, said during an earnings call. Source
Citi: Brazil Is at the Top of Digital Money Initiatives in Latam
A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital payment solutions. Citi: Brazil Leads Advancements […] Source CryptoX Portal
What’s Behind The $13 Billion Daily Transaction Boom?
Cardano (ADA), the smart contracts platform known for its energy-efficient Proof-of-Stake consensus mechanism, has been generating buzz lately. On-chain data reveals a significant uptick in large transactions, hinting at a potential return of the whales – major investors who can significantly impact cryptocurrency prices. Whales Making Waves On The Cardano Sea IntoTheBlock, a blockchain analytics firm, reported a surge in Cardano transactions exceeding $100,000. Over the past week, the average daily volume for these large transactions reached nearly $14 billion. Cardano whales are busy, with an average large transaction volume…
XRP Price Prediction – Will Bearish Trend Push Prices Under $0.50?
XRP price is struggling to recover above the $0.520 resistance. The price could gain bearish momentum if it breaks the $0.50 support. XRP is attempting a fresh increase and facing hurdles near $0.520. The price is now trading near $0.5150 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $0.520 resistance. XRP Price Aims…
OKX Jumpstart unveils BTC staking option for mining Runecoin
Crypto exchange OKX has announced the launch of a new mining phase for Runecoin through its OKX Jumpstart platform. Starting at 7:00 am UTC on April 29 and concluding 24 hours later, a new initiative allows Bitcoin holders to stake their assets and receive Runecoin tokens in return. Runecoin is based on the Runes Protocol and was initially distributed as a Pre-Rune airdrop to early Ordinals adopters. With a total supply of 21 billion tokens, Runecoin echoes the well-known maximum supply of Bitcoin, which is capped at 21 million tokens.…