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Microsoft is preparing for a critical shareholder meeting on December 10, during which the future of Bitcoin as a potential investment will be a heated topic. At present, Bitcoin is trading at approximately $68,115, which represents an increase of approximately 1.22%. The rise in interest aligns with constant debates around the cryptocurrency as an inflation hedge, which some Microsoft investors find appealing. Related Reading: XRP Could Rally 27% This Week In ‘Tremendous Move’, Analyst Says Microsoft’s Position On Bitcoin Microsoft revealed in a recent application to the US Securities and Exchange Commission that it will propose evaluating Bitcoin investment during the forthcoming conference. The National Center for Public Policy Research (NCPPR) says that Bitcoin has done better than traditional investments and could be a good way to protect against inflation. JUST IN: Per an SEC filing, Microsoft will have a proposed board resolution for an “Assessment of Investing in Bitcoin”. The board is recommending that shareholders vote AGAINST the proposal. pic.twitter.com/0WveygitH9 — TFTC (@TFTC21) October 24, 2024 Microsoft’s board, on the other hand, wants shareholders to vote against this plan because the company has already looked at a wide range of investable assets, including cryptocurrencies. According to a spokesperson for the company: “Volatility is one of the important aspects for all the investments in cryptocurrencies for corporate treasury” This emphasizes the careful strategy that Microsoft has adopted as far as the management of its corporate treasury is concerned as well as for the benefit of enhancing the shareholders value for the long term. The board is of the opinion that the requested public appraisal is unnecessary, as they already monitor trends and developments in the cryptocurrency sector. Big-Wig Stockholders Microsoft’s major shareholders include a number of major institutional investors, such as Vanguard, BlackRock, and State Street. These organizations own a large percentage of the company and have considerable power to affect its policy direction. Although some shareholders are advocating for Bitcoin investments, others may be more in line with the board’s cautious stance. It is important to note that BlackRock has been actively increasing its Bitcoin holdings through its ETFs. BlackRock’s iShares Bitcoin Trust ETF has registered inflows to the tune of over $317 million in a 24-hour timeframe, according to recent reports. This trend implies that there is an increasing institutional interest in Bitcoin, despite Microsoft’s reluctance to implement comparable measures. The Road Ahead As the December conference gets ready, the debate about Bitcoin’s importance in Microsoft’s investment plan gets more intense. The NCPPR argues that businesses should commit at least 1% of their whole assets to Bitcoin to help to reduce inflation risks. Despite this project, Microsoft insists that its present corporate treasury distribution policies are sufficient. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum Bitcoin has experienced a nearly twofold increase in value in the past year and has recorded a remarkable 414% increase over the past five years. Although Microsoft may not be completely prepared to invest in cryptocurrency investments at this time, the increasing interest from institutional investors such as BlackRock suggests that the discourse surrounding Bitcoin is far from over. Microsoft’s upcoming shareholder meeting will be the focus of all attention, and it is uncertain whether the tech giant will alter its position on cryptocurrencies or maintain its commitment to stability in its investment strategy. Featured image created with Dall.E, chart from TradingView
The National Center for Public Policy Research, a conservative think tank, has notified shareholders of Microsoft that it intends to propose a Bitcoin Diversification Assessment at the company’s annual meeting on Dec. 10, a filing shows.
The site was ground zero for a partial nuclear meltdown in 1979, which affected a separate unit and caused nearby areas to evacuate.
The site was ground zero for a partial nuclear meltdown in 1979, which affected a separate unit and caused nearby areas to evacuate.
The $30 billion AI infrastructure venture could significantly boost economic growth, job creation, and sustainable AI innovation globally.
The post BlackRock, Microsoft back $30 billion AI infrastructure venture appeared first on Crypto Briefing.
When privacy is at stake, how do tech leaders respond to government demands? Take a look at the tactics of the Big Five.
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.
The law appears more corporate-friendly, but the implications for consumers are a bit murkier.
The researchers based their ideas on “proof of personhood” technologies developed by the blockchain community.
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus.
The metaverse is dead, long live the metaverse.
Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value.
The two companies face antitrust probes in the US and EU over their partnership.
The two companies face antitrust probes in the US and EU over their partnership.
German quantum breakthrough highlights need for particle physicists in crypto
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%.
Microsoft investors are increasingly anxious about the slow financial returns from its significant investments in artificial intelligence despite Azure’s steady growth.
After investing $13 billion in OpenAI in 2023, Microsoft is distancing itself from the AI startup amid growing scrutiny from regulators.
The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code.
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come.
There’s a three-way race for the top slot, with Microsoft maintaining a slight edge.
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.
The company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.
Sony cracks down on AI developers like OpenAI and Microsoft with a letter that prohibits them from using its content to train or develop commercial AI systems.