Stock appears undervalued given the wide gap between the company’s valuation and its growth prospects, the report said.
The Shiba Inu team has released the latest edition of the Shib Magazine, highlighting a new partnership and an innovative project set to potentially transform the Shiba Inu ecosystem. Shiba Inu Makes Strategic Partnership In a recent X (formerly Twitter) post, Shiba Inu’s co-founder and lead developer, Shytoshi Kusama shed light on The Shib magazine’s […]
The home of Crypto Banter offers Bitcoin arbitrage opportunities and welcomes crypto digital nomads: Crypto City Guide to Cape Town.
The strongest sector growth this year has emerged from non-serious tokens, and the rally shows no signs of stopping.
Bitcoin prices appear to have exhibited an intriguing pattern of higher volatility on Tuesdays and Wednesdays since the launch of Bitcoin ETFs on January 11, 2024, per CryptoSlate analysis. While prices have tended to rise on Mondays, Tuesdays, and Wednesdays, there have been wilder intraday swings, with several V-shaped recoveries. Over the past three weeks, […]
The post Bitcoin volatility becoming more focused at start of Wall Street trading week appeared first on CryptoSlate.
COPA took Wright to court to try and prevent him from suing developers and other members of the crypto community, claiming intellectual property rights over Bitcoin's technology.
BNB Chain is looking to expand its L2 ecosystem with the introduction of its rollup-as-a-service framework.
Ahead of the mainnet rollout at the halving, Bitcoin wallet Xverse has added testnet support for the Runes fungible token standard.
Crypto.com has incurred a €2.85 million ($3.1 million) fine from the Netherlands Central Bank for operating within the European country without registration for two years. The penalty specifically targets Forix DAX Mt, the Dutch trading entity of Crypto.com. In a March 13 statement, it was revealed that the Apex Bank imposed this fine on the […]
The post Crypto.com hit with €2.85 million fine by Dutch Central Bank for regulatory noncompliance appeared first on CryptoSlate.
American business intelligence and software development company, MicroStrategy has unveiled new plans to acquire an additional Bitcoin, further bolstering its already substantial BTC holdings. MicroStrategy Mega Bitcoin Purchase In The Works In a recent press release published on MicroStrategy’s official website, the software development company announced plans to raise $500 million in convertible debt offerings to purchase more Bitcoin. Just a few days ago the company had sold approximately $800 million in convertible debt offerings, using the proceeds of the sale to acquire about 12,000 BTC valued at about $821.7 million at the time. Related Reading: Shiba Inu Whales Are Accumulating SHIB, Do They Know Something You Don’t? Quite frankly, MicroStrategy seems to be on a full-blown Bitcoin acquisition spree, potentially attributed to the cryptocurrency’s massive bullish rallies recently and its surge to new all-time highs. As of March 11, 2024, the business intelligence firm possesses a total of 205,000 BTC, worth over $15 billion based on CoinMarketCap’s Bitcoin price of $73,411, at the time of writing. With its latest purchase of 12,000 BTC, MicroStrategy has finally surpassed the Bitcoin holdings of BlackRock’s Spot Bitcoin Exchange Traded Fund (ETF). Additionally, the software development company has secured the top position as the leading public company with the largest Bitcoin holdings, surpassing the holdings of both Tesla and Coinbase. As of March 2024, MicroStrategy’s market capitalization has surged to $29.96 billion, reflecting an increase of 10.85% in the last 24 hours. The company is also presently ranked as the world’s 642nd most valuable company by market capitalization. MicroStrategy Sets Sights On Convertible Senior Notes Offerings Since the start of the year, MicroStrategy has purchased nearly 16,000 BTC. This time around the company has chosen to raise capital through convertible senior notes, marking a shift from the previous year when most of its funds for acquiring BTC were generated from equity. According to Market Watch’s report, the business intelligence firm’s stock value has also been on the rise recently, with MSTR prices witnessing an impressive 145% increase in a month. Related Reading: Ethereum Is Not Done: Crypto Analyst Sets New $5,000 Target As stated in its press release, the company intends to sell convertible senior notes to qualified institutional buyers. MicroStrategy has revealed plans to grant early purchasers of the notes an option to buy up to an additional $75 million worth of the notes within 13 days after the initial issuance. The software development firm has disclosed that the notes will remain unsecured, with interests payable semi-annually starting in September 2024. Additionally, MicroStrategy will have the right to redeem the notes from March 2028 or holders can request for the company to make a repurchase, with conversion terms determined at the offering’s prices. The proceeds and excess funds generated from its upcoming $500 million convertible senior notes sale will be used to expand MicroStrategy’s Bitcoin holdings and for general corporate purposes. BTC price falls to $72,700 | Source: BTCUSD on Tradingview.com Featured image from The Guardian, chart from Tradingview.com
Crypto startups often fail in droves, with some estimates claiming upward of 95% go out of business, but it’s not always clear why.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
For 48% of respondents in Aleo’s 2024 Data Privacy Report, data privacy and security are considered the most concerning issues within the tech industry.
Hong Kong's markets regulator identified Bybit as a suspicious cryptocurrency exchange and placed several of its products on its suspicious investment products list.
The protracted legal confrontation between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) is advancing towards a critical juncture, as both parties face imminent deadlines for their remedies briefing submissions. This phase of the legal battle marks a significant step in the proceedings, potentially setting the stage for the case’s potential resolution. […]
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
While Dencun’s fee reduction for layer 2s is a significant bonus, it’s not the main benefit of the upgrade, Fuel Labs’ Nick Dodson told Cointelegraph.
Hong Kong’s central bank will accept proposals on potential use cases of a digital Hong Kong dollar from industry participants until May 17.
Transaction fees across various Ethereum layer-2 networks, such as Base, StarkNet, and Optimism, have seen significant reductions following the implementation of the Dencun upgrade. Yesterday, the Dencun upgrade went live after months of anticipation within the crypto community. The upgrade, described as the most “complex fork” since Ethereum transitioned into a proof-of-stake network, introduced a […]
The post Blobs successfully slash layer-2 fees as Ethereum Dencun upgrade aims to increase adoption appeared first on CryptoSlate.
Ethereum Layer-2 networks Base and Optimism have been marveling at the impact of Dencun, including less-than-a-penny transaction fees.
Meme coin markets have boomed in tandem with the growth of addresses on their underlying blockchains.
Bitcoin ETFs continued their strong performance on March 13, with a net inflow of $683.7 million, according to data from Bitmex Research. This marks another positive day for Bitcoin ETFs, following the surge in inflows seen on March 12. Per Bitmex Research ETF flow data, BlackRock’s iShares Bitcoin ETF (IBIT) again led the way, attracting […]
The post Net $680 million flows into Bitcoin ETFs as Grayscale outflows tick back up to $276 million appeared first on CryptoSlate.
Ethereum (ETH) experienced a euphoric surge in interest as bullish sentiment enveloped the crypto sector. The recent approval of the Bitcoin ETF served as a catalyst, propelling Ethereum’s price to new heights. However, as the thrilling ride continues, concerns are emerging regarding the sustainability of this upward trajectory. Related Reading: Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next? Increased Demand For Put Options Fuels Market Correction Jitters Investors are flexing their risk management muscles as they flock towards put options, seeking to protect their gains from potential losses. The mounting demand for these safeguards indicates a shift in sentiment towards a more cautious and bearish outlook for Ethereum. With significant leverage in the market, speculators are wary of a potential correction that could dampen the party atmosphere. Dencun Upgrade Looms: Anxiety Surrounds Ethereum’s Future All eyes are on the upcoming Dencun upgrade, set to revolutionize the Ethereum ecosystem. However, the anxiety surrounding this crucial development is palpable. Past upgrades, such as the ill-fated Merge update, which aimed to transition Ethereum to a Proof of Stake network, resulted in a massive correction. As anticipation builds, the market braces itself for the impact this upgrade could have on Ethereum’s price and sentiment. Influx Of Funds Bolsters Market, Ethereum ETF Remains A Wild Card Amidst the uncertainties, the crypto market experiences an awe-inspiring influx of approximately $83 billion, with Bitcoin and Ethereum accounting for a staggering $75 billion of that total. This considerable investment, as revealed by popular crypto analyst Ali Martinez, signifies growing interest and confidence in digital assets. The influx of funds further bolsters the market, while the uncertain approval of an Ethereum ETF continues to be a wild card that could reshape Ethereum’s future. Ether market cap currently at $477 billion. Chart: TradingView.com Ethereum’s Price Soars, Traders Eyeing New Milestones As the rollercoaster ride continues, Ethereum’s price skyrockets, surpassing $4,000 and igniting the imagination of traders. The sentiment surrounding the Dencun hard fork upgrade is a driving force behind this surge. With expectations set high, traders are eagerly eyeing a monumental milestone of $5,000 post-upgrade. The reduction in transaction fees promised by the upgrade further fuels optimism among ETH enthusiasts. Navigating Uncertainty: A Balancing Act For Ethereum’s Future In the midst of this thrilling ride, Ethereum finds itself caught in a delicate balancing act. The uncertainty surrounding the approval of Ethereum ETF applications adds an additional layer of complexity to the market dynamics. While the odds may have dropped, the impact of an ETF approval, as highlighted by Ali Martinez, cannot be underestimated. It could potentially propel Ethereum’s adoption and trigger a surge in price. Source: Santiment Meanwhile, new addresses were still becoming interested in Ether. Alongside that, the overall count of holders who were amassing ETH had also increased. Related Reading: Cardano (ADA) Price Alert: Analyst Predicts 60% Rally In Next 7 Days Amidst Ethereum’s exhilarating climb past $4,000, the question lingers: Is this euphoria sustainable or a false dawn? With concerns of a potential market correction and uncertainty surrounding Ethereum ETF approval, the party’s fate hangs in the balance. Featured image from Pinterest/Pexels, chart from TradingView
Despite a new Bitcoin all-time high, markets are still yet to price in the upcoming Bitcoin halving, Basile Maire told Cointelegraph in an exclusive interview.
The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said.
In an odd turn of events, popular Bitcoin critic and Gold advocate Peter Schiff has expressed his regrets about missing out on investing in BTC while acknowledging its potential to yield productive investment rewards. Regrets Over Bitcoin Investment Decision Real Vision Chief Executive Officer (CEO) Raoul Pal shared a short clip of an interview with […]
The American stockbroker has repeatedly called bitcoin a “bubble” and said he still doesn’t believe in its long-term future.
OpenAI is partnering with Le Monde and Prisa Media to provide French and Spanish news content to ChatGPT, aiming to improve user access to real-time information and enhance the training of its large language models.
Chukwumaeze Dike, a crypto enthusiast and cybersecurity specialist, said he finds the request for the top 100 users surprising and doubts Binance will comply.