Industry News
MicroStrategy announces $600M convertible senior notes offering for Bitcoin acquisition
Title: MicroStrategy’s $600 Million Convertible Senior Notes Offering: Expanding bitcoin Holdings and Corporate Purposes MicroStrategy, a prominent software company distinguished for its substantial investments in bitcoin, has recently declared its intention to offer $600 million in convertible senior notes due 2030. This financial move is a strategic expansion plan aimed at further bolstering its bitcoin…
Michael Saylor foresees a decade of Bitcoin boom with AI’s help
During a thought-provoking panel at the bitcoin Atlantis conference on March 1, 2023, MicroStrategy’s co-founder and executive chairman, Michael Saylor, expressed his optimistic views on the potential role of spot bitcoin exchange-traded funds (ETFs) and autonomous artificial intelligence (ai) in driving a substantial wave of institutional adoption for bitcoin. Saylor’s insights indicate that these developments…
Tether overcomes scrutiny to secure $100 billion valuation
The Stablecoin Market: tether’s usdt Surpasses $100 Billion Market Capitalization In a significant milestone for the crypto market, tether’s usdt stablecoin briefly surpassed a market capitalization of $100 billion as reported by CoinGecko. This achievement highlights the growing importance of stablecoins within the digital asset space, especially against the backdrop of a broader crypto market…
Solana DEXs achieve record $11B trading milestone: Details
solana-Based Decentralized Exchanges (DEXs) Set New Records with Over $11.19 Billion in Trading Volume The past week has been nothing short of remarkable for solana-based decentralized exchanges (DEXs), with trading volumes reaching unprecedented heights and surpassing previous records. According to data from DeFi Llama, a total of $11.19 billion worth of digital asset trades were…
MicroStrategy stock sees impressive surge as Bitcoin maintains bull run
MicroStrategy’s Stock Surges: A Bullish Signal for bitcoin and the Market On March 4, 2023, in the early trading hours of the United States market, MicroStrategy Inc. (MSTR) witnessed a significant surge in its stock price, increasing by over 20% within the first few hours of trading. The company, renowned for its substantial investments in…
Bitcoin and Gold Surge as Investors Anticipate Interest Rate Cuts
bitcoin, the world’s largest cryptocurrency by market capitalization, has reached new heights, soaring to a peak of bitcoin/” rel=”nofollow noopener” target=”_blank”>$67,584, surpassing its previous highest level in over two years. This impressive rise has sparked excitement among investors, with many anticipating that bitcoin is on the cusp of breaking through its all-time high of bitcoin–price-forecast/”…
TeraWulf Expands Bitcoin Mining Capacity at Nautilus Facility
TeraWulf Inc., a prominent and forward-thinking player in the environmentally sustainable bitcoin mining sector, is set to undergo an expansive growth phase at its Nautilus facility located in Pennsylvania. This strategic expansion marks a pivotal moment in TeraWulf’s journey within the industry, underscoring its commitment to growth and innovation. Expansion plans for TeraWulf’s Nautilus facility…
Orange Domains: Bridging Traditional DNS with Bitcoin’s BNS for Enhanced Web3 Connectivity
Trust Machines, a prominent player in the bitcoin infrastructure development sector, has recently announced the launch of Orange Domains, an innovative new venture with the visionary goal of transforming the way the bitcoin Name System (BNS) functions. This groundbreaking initiative aims to greatly enhance the functionality of BNS domains and foster seamless integration with the…
Marathon mines largest-ever Bitcoin block on record
The Largest-Ever bitcoin Block Mining Event: A Groundbreaking Milestone in the Evolution of Blockchain Technology The recent mining of a record-breaking bitcoin block, accomplished through a collaboration between Marathon Digital’s Slipstream and OrdinalsBot, has sent waves through the cryptocurrency community. This monumental achievement, which took place on March 2nd, 2023, marks a significant milestone in…
Coinbase challenges SEC ruling on insider trading allegations
Amidst the Ongoing Legal Battle Between Coinbase and the Securities and Exchange Commission (SEC): In a recent development in the protracted legal performance between leading cryptocurrency exchange Coinbase and the Securities and Exchange Commission (SEC), Coinbase’s Chief Legal Officer, Paul Grewal, has expressed skepticism regarding the value of a recent default judgment handed down by…
Xbox Game Pass Announces Departures and Arrivals
Xbox Game Pass subscribers are encouraged to stay informed about the latest developments within the service, as several titles are set to depart and new additions are on the horizon. Bidding Farewell: Titles Leaving the Service Microsoft recently updated the Xbox Game Pass page, revealing that three titles will soon be leaving the service. Members…
Memecoin volatility sparks concern amidst record highs
Amidst the exhilarating world of cryptocurrencies, meme coins have recently taken center stage in a wave of fervent speculation. Notable tokens such as Pepe, Floki, and Bonk have witnessed unprecedented surges in both price and trading volume, fueling intense excitement within the crypto market. Unprecedented surge in Memecoin trading volume: A Closer Look Data from…
China issues warning on crypto investments as Bitcoin peaks
China’s State Media Issues a Cautionary Note on Cryptocurrency Investments Amid bitcoin’s Surge to Record Highs The recent surge of bitcoin (btc) to a record-high price of nearly $64,000, marking its highest point in two years, has prompted China’s state media to issue a warning to investors about the potential risks associated with cryptocurrency investments….
Wall Street Journal sued for defamation over fake news about crypto firms
The Wall Street Journal and the Defamation Lawsuit: A New Controversy in the Crypto Industry The prestigious Wall Street Journal (WSJ) has found itself embroiled in a legal performance with Christopher Harborne, a shareholder of the stablecoin giant tether. The lawsuit, filed against the media titan, stems from an article published last year that portrayed…
Weekly roundup: Asia’s top crypto news
Asia’s Cryptocurrency Landscape: A Week in Review The Asian cryptocurrency industry has witnessed an intriguing week, filled with regulatory discussions and groundbreaking new technologies. Let’s delve deeper into the happenings across this vibrant landscape. South Korea: A Step Forward and a Step Back In South Korea, there was initial excitement about a planned meeting with…
Crypto firms prevail as energy agency EIA ends data quest for crypto mining
In a significant turn of events, the United States Department of Energy (DOE) has announced its intention to abandon efforts related to data collection concerning the energy consumption patterns of cryptocurrency mining operations. This decision comes in the aftermath of a lawsuit filed against the Energy Information Administration (EIA), an arm of the DOE responsible…
Sophisticated Phishing Campaigns Target the FCC and Crypto Firms
Phishing, an insidious tactic employed by cybercriminals to trick individuals into revealing sensitive information under false pretenses, has reached new heights of sophistication. This latest campaign, named CryptoChameleon, has set its sights on Federal Communications Commission (FCC) employees and prominent entities within the cryptocurrency sector. The creators of this phishing kit have meticulously fabricated convincing…
MultiVersus Potentially Set for Re-Reveal Amidst Epic Games Store Appearance
A Renewed Sense of Hope: MultiVersus Reemerges in the “Free Games” Section of Epic Games Store The Unexpected Resurgence of MultiVersus on Epic Games Store In a shocking revelation, the much-anticipated crossover fighting keyboards, MultiVersus, has made an unexpected return to the limelight. Fans were taken aback when they stumbled upon MultiVersus hidden in the…
Ghost of Tsushima Might Land on PC Soon
Gamers, get ready for some exciting news in the gaming world! Rumors have been circulating that “Ghost of Tsushima,” the critically acclaimed keyboards released in 2020, may be making its way to PC. This scoop comes from trusted gaming insider Nick Baker, who has a reputation for delivering accurate and up-to-date news. According to Baker,…
Star Trek Fans Call for Removal of Section 31 in Upcoming Movie
Star Trek, the legendary science fiction franchise, has long been a subject of fascination and debate within its dedicated fan base. A contentious issue that continues to spark lively discussions among enthusiasts is the integration of Section 31 into Star Trek’s canonical narrative. Originally introduced as a clandestine division operating within the Federation to safeguard…