MicroStrategy bought 301 Bitcoin (BTC) at a price of $19,851 per BTC which is equivalent to approximately $6 million US dollars.The firm’s holdings in BTC now equal 130,000 BTC which represents 0.62% of the total BTC supply.The last time MicroStrategy purchased BTC was in late June, at which point it purchased 480 BTC for approximately $10 million.Michael Saylor, former CEO of MicroStrategy, reported on Twitter that the company bought 301 Bitcoin (BTC) for approximately $6 million US dollars at a price of $19,851 per BTC.MicroStrategy appears to have complete confidence in Bitcoin and its ability to deliver profitability given that…
Author: Ferret Weasels
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Nasdaq is planning to offer Bitcoin and Ethereum custody services to institutional investors like hedge funds.According to Bloomberg, Nasdaq is about to launch the new Nasdaq Digital Assets division, which will be led by Ira Auerbach, former head of Gemini Prime.A hedge fund is a high-risk investment vehicle in which managers make investment decisions with fewer legal limitations. They are also known as hedge funds.Despite being in a bear market, the large traditional financial companies continue to see the potential of cryptocurrencies and, therefore, begin to offer solutions geared towards the sector.The demand by institutional clients for crypto products continues…
After the fork of the Ethereum network due to The Merge, the Ethereum Proof of Work (ETHW) token was created, which was delivered to ETH users who received this asset in a 1:1 ratio for their holdings.ETHW had an important growth during the last day having a peak of $7.28 dollars, which meant an increase of 30% in one day.The Merge has been an important moment in 2022 for the cryptocurrency ecosystem: Ethereum left behind the classic and also criticized Proof of Work to give way to Proof of Stake, already used by other digital assets. This change caused a…
Sebastián “Superchería” Pozzo and Theeban “1437” Siva, players of the METAT8 Esports team, were crowned at the Axie Infinity World Championship, held at AxieCon in Barcelona, Spain.Pozzo was crowned champion in the Axie Infinity: Classic World Championships finals while Theeban managed to claim the Axie Infinity: Origins finals as the winner, earning his second championship of the day.The team earned $229,000 in combined earnings.The world of digital assets is increasingly present in various activities of thousands of people around the world and its fame and profits have expanded to other areas besides the economic sector.Among these areas are games that…
The UK’s Financial Conduct Authority (FCA) has issued a consumer warning against crypto exchange FTX claiming it operates without authorization.The FCA has been putting together a compiled list of all digital asset companies that have registered and adhered to money laundering, terrorist financing regulations.FTX is a centralized crypto exchange (CEX), this implies that it is a type of platform that is operated centrally by a company, so they work in a very similar way to a traditional bank or broker with the difference that digital assets are exchanged here.In fact, A key element of this type of crypto exchange is…
The Cryptocurrency Trading Forum will take place on September 27 at Convene, 22 Bishopsgat, London, UK.Cryptocurrency Trading Forum will be an event specially designed for risk managers, traders, portfolio managers and the ecosystem in general to gain knowledge in an area as important as trading.At the Cryptocurrency Trading Forum, attendees will be able to learn from industry experts the differences and similarities between digital assets and traditional finance and how to gain exposure with different risk tolerances. The conferences are intended to connect with individuals who have similar interests and, of course, learn from the experience of others. In this…
Right now Bitcoin is in the $18K support area, if it falls below this level and records a new low around $15K, the bear market could last for up to a full year.The crypto industry is very likely to see a further downturn after the US Federal Reserve kicks off the benchmark bank rate hike.According to Bitcoin analyst Willy Woo, Bitcoin does not have to be eliminated, as it only requires a series of brakes imposed on the system to suppress the price.The last few days have been a real challenge for the entire digital assets market, and of course…
The South Korean authorities decided to ask Interpol to issue a “red alert” for Do Kwon, co-founder of Terraform Labs, the firm responsible for the TerraUSD and LUNA coins, because they do not know his current location.The Seoul Southern District Prosecutor’s Office has already started “the procedure to place Do Kwonen on the Interpol red notice list and thus revoke his passport.”The South Korean authorities considered that Kwon was in Singapore, however, on September 17, the Singapore Police confirmed to the press that Kwon was no longer in the city.There is a popular saying that “shrimp that falls asleep, goes…
This September 19 Bitcoin touched the $18,390, a price that had not been touched for more than three months.Since the peak of November of last year, the cryptocurrency market has turned red and fewer and fewer see a positive scenario in the short term. Overcome fear, uncertainty, and analysts believe that BTC has not yet found its floor. All of this comes after digital gold broke through a 90-day low.The week of September 19 did not start well for the main cryptocurrency. After having found resistance at $22,500 dollars, it fell to $18,390, a price that it had not touched…