Month: August 2024

Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 Acquisitions

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Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Expands Bitcoin Holdings Microstrategy Inc. (Nasdaq: MSTR) reported its […] Original

Did The CIA Create Bitcoin?

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The real identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery despite Bitcoin being a decade and a half old. It has become the best kept secret in crypto, leading to various theories of who the creator might be. Many theories have pointed to prominent figures, with software developer Craig Wright claiming he’s the creator. However, Fox Television’s Tucker Carlson has gone down a different route, fingering a United States intelligence agency as the creator. Did The CIA Create Bitcoin? The US Central Intelligence Agency (CIA) is…

Bitcoin mining stocks end the week in a slump

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Many U.S.-based crypto mining stocks are reflecting Bitcoin’s weakness and are trading down to end the week. At the time of writing, Hut 8 is down 11.2% to $12.34 a share. CleanSpark is now $13.35 a share, down 11.35%, while Riot Platforms is at $8.50, down 8.8%. Marathon Digital Holdings is down 3.3% to $17.48. Marathon did disclose in its Q2 financial report that it sold over 50% of the Bitcoin (BTC) it mined during the quarter to fund operating costs. The recent drop in stock prices comes as the…

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

Donald Trump: “Crypto is a very interesting thing. Very high-level in certain ways, intellectually very high-level. But if we don’t do it, China’s going to do it. China’s going to do it anyway. But if we don’t do it, China’s doing it. China is already doing it, and if we don’t do it, other countries are going to do it. So we might as well be at the forefront. And there are people in crypto that are very, very smart people who do love our country, and they think it’s–…

Genesis concludes bankruptcy with $4b creditor payout

Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in January 2023. The recovery rates vary by asset type, with Genesis creditors will receiving an average of 64% of pre-bankruptcy value. The lender disclosed 51.28% recovery for Bitcoin (BTC) creditors, 65.87% for Ethereum (ETH) creditors, and 29.58% for Solana (SOL) assets.  Stablecoin and U.S. dollar creditors fare the best, recovering…

Crypto Lender Ledn Processes Over $1 Billion Loans in First Half of 2024

Ledn, a crypto lending platform, announced that it has processed over $1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in Asia. Institutional […] Source BitcoincryptoexchangeExchanges CryptoX Portal

El Salvador’s Chivo Wallet Has Not Presented Any Financial Balances Since Its Creation

Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose its activities, it has failed to file its balances annually as […] Source CryptoX Portal

Research Firm Predicts Bitcoin Breakout For Q4: 4 Key Reasons

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Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming weeks. #1 Narrowing Trading Range Signals Breakout Matrixport’s analysis begins with a technical assessment of the recent Bitcoin price action. Historically, Q3 has posed significant challenges with frequent breakout failures. This year, however, Bitcoin has…

How DePINs Address AI’s GPU Gap and Ethics Problems

Furthermore, DePINs give data owners more control over their information, enhancing privacy while encouraging widespread data sharing. For instance, consider a healthcare scenario where a patient’s data from various hospitals and clinics can be securely shared without compromising on privacy. By leveraging DePINs, researchers can access a rich, diverse dataset that enhances their ability to develop better diagnostic tools and treatment plans. Similarly, in the environmental science field, DePINs can facilitate sharing climate data from various sensors, often located on private homes and properties worldwide, leading to more accurate models…