A proposal to invest a portion of Microsoft’s treasury in Bitcoin was soundly rejected by shareholders at the company’s recent annual meeting. The proposal, put forward by the National Center for Public Policy Research, suggested that Microsoft invest 1% of its cash reserves in Bitcoin as a hedge against inflation. Saylor’s Argument Unconvincing Despite a … Read more
MicroStrategy, the software company known for its massive Bitcoin holdings, is poised to join the prestigious Nasdaq 100 index on Monday, December 23rd. This inclusion marks a significant milestone for the company and could have significant implications for both MicroStrategy and the broader cryptocurrency market. Nasdaq 100: A Premier Index The Nasdaq 100 is … Read more
Charles Hoskinson, the CEO of Input-Output Global (IOG), the company behind Cardano, recently outlined an ambitious plan to drive the development of decentralized finance (DeFi) on the Bitcoin network. In an update via X, Hoskinson announced a strategic partnership with Fair Gate Labs, a company specializing in Multi-Party Computation protocols, to accelerate this initiative. IOG … Read more
Bitcoin, currently trading near $97,604, may be poised for a sharp price correction in the coming months, according to an analysis of its performance against gold. Veteran analyst Peter Brandt has highlighted a concerning fractal pattern. The Bitcoin-to-Gold ratio (BTCUSD/GC1!) has recently climbed into a key resistance zone between 34 and 37, a level historically … Read more
Binance, the world’s largest cryptocurrency exchange by trading volume, announced the delisting of three spot trading pairs: DCR/BTC, PEPE/TUSD, and ZEN/ETH. The delisting will take effect on December 13th at 03:00 UTC. This move is part of Binance’s ongoing efforts to maintain high market quality. The exchange regularly reviews trading pairs, delisting those with low … Read more
The conversation around Bitcoin (BTC) as a reserve asset has gained momentum at the state level, particularly with recent moves from Russia and the United States. As global interest in cryptocurrency intensifies, Alabama is positioning itself as a potential leader in embracing Bitcoin as a strategic reserve, signaling a shift that could reshape the state’s … Read more
Marathon Digital Holdings (MARA), a prominent Bitcoin miner in the US, has further solidified its commitment to the cryptocurrency by purchasing 11,774 Bitcoin for approximately $1.1 billion. This significant acquisition follows a recent convertible note offering that exceeded expectations, providing the company with substantial funds for BTC purchases. “Using the proceeds from its zero-coupon convertible … Read more
At the recent Bitcoin MENA conference in Abu Dhabi, Changpeng Zhao, the co-founder of Binance, delivered a keynote address emphasizing the future of Bitcoin as the dominant form of money. During a fireside chat with David Bailey, CEO of BTC Inc., Zhao stated, “It will take a few generations to reach 100% Bitcoin adoption.” He urged … Read more
A letter to Finance Minister Anton Siluanov from influential policymaker Alexey Tkachev has reignited the discussion on Bitcoin’s role in national reserves. Tkachev’s proposal suggests that Bitcoin, a decentralized digital currency, could serve as a strategic alternative to traditional reserve assets like the U.S. dollar, euro, and yuan, which he argues are increasingly vulnerable to … Read more
As the possibility of a pro-crypto candidate winning the U.S. presidential election became more likely, Michael Saylor, the former CEO of MicroStrategy, has been outspoken about the potential creation of a Bitcoin Strategic Reserve for the United States. This idea has gained traction, especially following hints from President-elect Donald Trump, who recently alluded to his … Read more