MicroStrategy buys the dip, acquires $10M in Bitcoin

Business intelligence firm MicroStrategy has scooped up another $10 million worth of Bitcoin (BTC), signaling the company’s relentless conviction in the digital asset amid the latest price collapse.  The cash amount earned MicroStrategy 229 BTC at an average price of $43,663, the company confirmed Tuesday in a Form 8-K filing with the United States Securities and Exchange Commission. The acquisition came just five days after the business intelligence firm purchased 271 BTC for an average price of $55,387. CEO Michael Saylor, an outspoken support of Bitcoin, also disclosed the purchase…

Swiss-Regulated Digital Asset Bank Sygnum Launches Dfinity’s Internet Computer Tokens (ICP) Custody Services

Despite the ICP token receiving much-needed support from Sygnum bank, its price is going down. Swiss-regulated digital asset bank Sygnum has announced the support of Internet Computer Tokens (ICP) that include custodian services. Consequently, Sygnum became the first regulated bank to support the Dfinity Foundation’s quest to decentralize the internet. In a note through a press release, Manuel Krieger, Co-Founder and member of Sygnum Bank’s Board of Directors, indicated that internet decentralization is a key step to reinstating sanity in the market. “We believe that the decentralized and open nature…

‘Chartmaster’ Expects BTC Price to Tap $29K, Delta Exchange CEO Says ‘Bitcoin Hasn’t Found a Floor Yet’ – Markets and Prices Bitcoin News

The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current values. CNBC’s ‘Chartmaster’ Carter Worth Envisions Bitcoin Hitting a $29K Low The other day, Bitcoin.com News reported on Plan B’s stock-to-flow bitcoin (BTC) price model and how the model’s creator is still positive about the…

M Stock Jumps in Pre-market, Macy’s Releases Better-than-Expected Q1 2021 Report

Macy’s is raising its overall outlook for the rest of the year based on its performance in the first quarter. American omnichannel retailer Macy’s Inc (NYSE: M) has released its Q1 2021 earnings report in which it recorded a comparable sales growth of 62.5% on an owned basis when compared to the same period in 2020. As contained in the official press release, the company’s performance exceeded expectations on both the top and bottom lines. On a per-share basis, Macy’s reported a net income of 32 cents. Earnings, adjusted for…

Nvidia extends limits on crypto mining to newest gaming graphics cards

Graphics card giant Nvidia said that the hash rate limiter on its RTX 3060 graphics cards would also be introduced in other RTX 30 series GPUs in an attempt to disincentivize crypto miners. In an announcement from Nvidia today, the company said it would be applying a reduced Ether (ETH) hash rate to its newly manufactured GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards. The models will be identified by a “Lite Hash Rate,” or LHR, label, aimed at getting its graphics processing units, or GPUs, to…

Amazon Offers $9 Billion to Buy Out MGM, AMZN Stock Price Increases on Morgan Stanley Forecast

Amazon has offered $9 billion to MGM for a purchase deal, beating other rumored competitors. Currently, talks are still on. Amazon shares climbed in response to a bullish forecast from Morgan Stanley. Amazon.com Inc (NASDAQ: AMZN) is currently looking to buy an American film and television production company Metro-Goldwyn-Mayer Studios Inc (MGM). According to media reports, the two companies are already in talks for a deal set somewhere between $7 billion and $10 billion. Amazon has put in an official $9 billion offer, but the deal is far from done.…

Bitcoin Buy Signal? Chart Master Calls For $29K BTC on CNBC

Still in the red, Bitcoin and the crypto market have held the line in the past day. A bounce back seems feasibly, but not guaranteed. At the time of writing, BTC trades at $42,913 with sideway movement in the 1-hour chart and a 20% correction in the weekly and monthly chart. BTC on a downtrend in the weekly chart. Source: BTCUSD Tradingview The crypto market is uncertain, but there are signals that traders and investors have recognize over the years that suggest buying opportunities. Besides Peter Schiff and his pro-gold/anti…

Fox to Launch NFT Company and New Blockchain-Based Animated Show

Fox’s new blockchain-based animated series “Krapopolis” is a comedy set created by Dan Harmon, popularly known for his science fiction show Rick and Morty. American mass media company Fox is set to launch a non-fungible token (NFT) company a Blockchain Creative Labs, and a blockchain-based animated series. CEO Charlie Collier speaking at this year’s media upfronts revealed that Fox is forming Blockchain Creative Labs to create non-fungible tokens based on the company’s intellectual properties. A statement from Fox revealed that, the marketplace “curate and sell” digital products including one-of-a-kind character…

Broadcast Company Fox to Launch NFTs and a Blockchain-Curated Animated Series – Blockchain Bitcoin News

Fox Broadcasting Company, the American commercial broadcast television network is launching a non-fungible token (NFT) business called Blockchain Creative Labs, according to a recent report. Moreover, Fox is also planning to release a new blockchain-based animated series crafted by Dan Harmon called “Krapopolis.” Fox to Enter the NFT Fray, Aims to Launch an Animated Series Crafted by Blockchain Technology The New York-based television network Fox is a popular company that’s been in business for over 34 years. The corporate broadcasting company operates a variety of entertainment channels including popular shows…

Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments

DeversiFi, an Ethereum-based layer-two decentralized finance platform, has secured $5 million in strategic investments from some of crypto’s biggest venture capital firms, sending a strong signal that demand for DeFi opportunities remains strong.  DeversiFi intends to make DeFi trading more accessible, allowing users to invest, trade and send tokens without having to pay gas fees. The platform announced its DVF governance token on March 25 with a fixed supply of 100 million. The decentralized exchange relaunched as DeversiFi 2.0 in June 2020, incorporating the Starkware kSTARK layer-two scaling technology. Will Harborne,…