Category: fox news


  • TLDR MicroStrategy made its first Bitcoin purchase on August 10, 2020, becoming the first public company to use Bitcoin as its main treasury reserve. As of August 2024, MicroStrategy holds 226,500 BTC worth $13.771 billion, with unrealized profits of about $5.39 billion. MicroStrategy’s stock (MSTR) has increased by around 1,000% since August 2020, outperforming Bitcoin,…

  • These two events may not seem related at first glance โ€“ BTC at $100,000 โ€“ and the Plaza Accord. Ok โ€“ to be fair โ€“ BTC at $100,000 isn’t an event โ€“ yet! Cryptos are under serious selling pressure, along with numerous other assets. As we pointed out earlier this year, cryptos are being hit…

  • Could a large $24 million sale of Solana, by a significant investor lead to a 15% drop in Wrapped Index Fund (WIF) prices? With the cryptocurrency market facing uncertainty all eyes are on Solana as this potential whale sale could have an impact on WIF prices. Given the market volatility it’s crucial to assess whether…

  • Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the…

  • With bitcoin in retreat again, analysts are looking for technical indicators and signals that could provide clues as to where it is heading next. On Aug. 12, crypto derivatives data provider CoinGlass reported that the liquidity heatmap is showing key first-test lines at around $56,800. If BTC prices bounce off this level, it will test…

  • Turkeyโ€™s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets…

  • Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that…

  • The cryptocurrency market is currently undergoing significant changes, with Bitcoin experiencing stagnation despite expectations of a bull run. This has cracked the door wide open for altcoins, and with Pantera Capital hinting at a market tilt towards these rising stars, they just might steal the show. In this evolving market, Optimism (OP), Ondo (ONDO), and…

  • Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international trade. The legislation allows for the modification of laws to facilitate cryptocurrency transactions, including cross-border trade, and grants the Bank of Russia oversight of pilot projects related to digital currencies. Putin Signs Law…

  • On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a…