Author: John Smith
MicroStrategy, the business intelligence firm known for its aggressive Bitcoin investment strategy, acquired an additional 1,070 BTC last week for approximately $101 million. The company disclosed the purchase in an SEC filing on Jan.6, noting an average acquisition price of $94,004 per Bitcoin (BTC). This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 447,470 BTC, purchased at an aggregate cost of $27.97 billion, including fees and expenses. The company’s average price per Bitcoin now stands at $62,503. At current market rates, the value of MicroStrategy’s Bitcoin holdings exceeds $44 billion, representing approximately 2.1% of Bitcoin’s fixed supply of 21 million…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. MicroStrategy’s $2 billion Bitcoin buy fuels market optimism as traders flock to Tron and Lightchain AI for diversification and unique solutions. Bitcoin forecasts are heating up as MicroStrategy’s monumental $2 billion Bitcoin acquisition sparks renewed optimism in the crypto market. Alongside BTC, traders are diversifying into promising projects like Tron (TRX) and Lightchain AI, a standout blockchain project merging AI with decentralized technology. Lightchain AI’s presale has already raised over $8.5 million, offering tokens at $0.004875, showcasing investor confidence…
CleanSpark Inc., a publicly traded Bitcoin mining company, mined 668 Bitcoin in December 2024. The company sold 12.65 Bitcoin during the same period at an average price of $101,246 per Bitcoin (BTC). By year-end, CleanSpark held 9,952 Bitcoin in its reserves, according to a company release. For 2024, CleanSpark reported mining a total of 7,024 Bitcoin, marking a significant increase in its operational capacity. The company’s computing power, or hashrate, grew to 39.1 exahashes per second, reflecting the speed and power of its mining operations. Additionally, CleanSpark improved its energy efficiency, reducing energy consumption per unit of work to 17.59…
Tether and a top third-party cryptocurrency exchange have announced a chain swap that will move $1 billion USDT from other blockchains to the Tron network. On Jan. 6, stablecoin issuer Tether posted on X that it plans to coordinate with a major exchange to facilitate the chain swap. According to the announcement, the coordination will see Tether and the exchange convert a portion of the third party provider’s Tether (USDT) held in cold wallets to the Tron (TRX) network. The USDT will be swapped from different blockchains. Tether’s USDT is available on multiple blockchains, including Ethereum, Tron, and Solana. The…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance is capturing attention with its $0.175 entry price, offering 1000x potential returns akin to Shiba Inu’s 2021 rise. The next major disruptor in the cryptocurrency market, is gaining traction. Rexas Finance (RXS) is reminiscent of crypto legend Shiba Inu’s 2021 rise. At just $0.175 entry price and a perfectly crafted tokenomics structure, RXS makes it an opportunity of a lifetime for anyone looking to make exponential returns. This latest token is being positioned as a 1000x profit…
Crypto industry leaders hailed Michael Barr’s resignation as Vice Chair for Supervision at the U.S. Federal Reserve. Michael Barr indicated plans to step down from his role at the Federal Reserve on February 28, according to a notice from the U.S. Central Bank on Jan. 6. The announcement noted that Barr will retain his seat on the Board of Governors despite his resignation as the Fed’s Vice Chair for Supervision. @federalreserve announces Michael S. Barr will step down from his position as Federal Reserve Board Vice Chair for Supervision, effective February 28, 2025, and will continue to serve as governor:…
Dutch regulators awarded four digital asset service operators new crypto licenses, allowing them to operate anywhere in the European Union under MiCA. MoonPay, BitStaete, FinTech ZBD, and Hidden Road were approved by the Dutch Authority for Financial Markets to receive Markets in Crypto Assets licenses in the Netherlands. Registration with the Dutch AFM paves the way for MoonPay’s crypto payment platform, BitStaete’s digital asset management business, Bitcoin lightning service from FinTech ZBD, and Hidden Road’s broker-clear to operate in any of the EU’s 27-member countries. The four companies join firms like Circle and Socios.com in securing regulatory permission under the…
Sanctum plans to launch staking for its governance token, CLOUD, later this month, according to an official announcement. The Solana (SOL) ecosystem liquid staking token protocol announced the upcoming support for CLOUD staking on via X, noting that the crypto service will go live this month. Sanctum has grown to become one of Solana’s biggest protocols, gaining popularity as investors farmed its tokens. The platform launched its governance token, CLOUD, in July 2024, with a total supply of 1 billion tokens. Sanctum powers Solana’s liquid staking ecosystem by allowing users to stake SOL natively to access the ecosystem’s unified liquidity…
Stellar Lumens price continued rising on Monday, as Bitcoin crossed the resistance at $101,000 and as the crypto fear and greed index moved to the greed zone. Stellar (XLM) rose to $0.4630, gaining nearly 50% from its December low, as previously predicted. The rally happened as most cryptocurrencies bounced back. Bitcoin (BTC) recovered from last month’s low of $92,000 to $101,500, while tokens like Injective, SPX6900, Worldcoin, and Render surged by over 10%. Stellar’s gains were also influenced by Ripple’s (XRP) bullish momentumRipple recently formed a bullish pennant pattern, signaling potential further gains. Some analysts expect that Ripple will surge…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP and Solana face uncertainty, while Rollblock gains momentum with 30,000+ users and a promising growth trajectory. XRP remains in limbo as the ongoing Ripple vs. SEC legal battle fuels uncertainty, compounded by the looming threat of a US federal government shutdown. Similarly, Solana faces continued downward pressure amid broader financial market concerns, exacerbated by a pessimistic statement from the Federal Reserve Chair. In stark contrast, Rollblock (RBLK) is gaining momentum with significant capital inflows and over 30,000 daily…