Michael Saylor posts Bitcoin tracker for the 10th consecutive week
The latest data from SaylorTracker, a website that tracks MicroStrategy’s Bitcoin holdings, reveals that the company’s investment in the cryptocurrency has seen a significant increase of 51%. This translates to unrealized gains of over $14 billion, a staggering amount that showcases the potential of Bitcoin as a valuable asset.
MicroStrategy, a business intelligence company, made headlines last year when it announced its decision to invest in Bitcoin as a primary treasury reserve asset. This move was seen as a bold and unconventional move, as most companies tend to stick to traditional assets like cash and stocks. However, MicroStrategy’s CEO, Michael Saylor, saw the potential of Bitcoin as a store of value and decided to take the risk.
Since then, MicroStrategy has been steadily increasing its Bitcoin holdings, with the latest data showing a significant increase in value. This is a testament to the company’s foresight and belief in the long-term potential of Bitcoin. It also serves as a reminder to other companies that diversifying their treasury reserves with Bitcoin could be a wise decision.
The rise in MicroStrategy’s Bitcoin holdings is also reflective of the overall growth of the cryptocurrency market. Bitcoin, the largest and most well-known cryptocurrency, has been on a bull run in recent months, reaching an all-time high of over $64,000 in April. This surge in value has attracted the attention of institutional investors like MicroStrategy, who see Bitcoin as a hedge against inflation and a potential store of value.
With MicroStrategy’s Bitcoin holdings now worth over $14 billion, it is clear that the company’s decision to invest in the cryptocurrency has paid off. As more companies and institutions follow suit, the value of Bitcoin is likely to continue rising, solidifying its position as a valuable asset in the financial world.
Bybit exchange suspends services in India due to regulatory pressure
Bybit, a leading cryptocurrency derivatives exchange, has announced that it will continue to process user withdrawal requests despite temporarily halting other services. This decision comes after the exchange experienced a surge in trading volume, leading to technical issues and system overload.
The exchange, which offers trading in Bitcoin, Ethereum, and other cryptocurrencies, has seen a significant increase in activity as the cryptocurrency market continues to gain mainstream attention. This surge in demand has put a strain on Bybit’s systems, causing delays and disruptions in its services.
In order to address these issues and ensure the stability of its platform, Bybit has temporarily halted new user registrations, deposits, and trading. However, the exchange has assured its users that they will still be able to withdraw their funds without any interruptions.
This move by Bybit demonstrates its commitment to its users and their assets. Despite facing technical challenges, the exchange has prioritized the safety and security of its users’ funds by allowing them to withdraw their assets at any time. This is a crucial aspect of any cryptocurrency exchange, as it builds trust and confidence among users.
Bybit’s decision to continue processing withdrawals also sets it apart from other exchanges that have faced similar issues in the past. Some exchanges have been accused of using technical difficulties as an excuse to freeze user funds or even exit scam. Bybit’s transparency and dedication to its users’ needs show that it is a reliable and trustworthy platform.
In conclusion, Bybit’s decision to prioritize user withdrawals during this challenging time is a testament to its commitment to providing a secure and reliable trading experience. As the cryptocurrency market continues to grow, exchanges must be prepared to handle increased demand and technical challenges. Bybit’s actions demonstrate that it is well-equipped to handle these challenges and put its users’ needs first.
Pro-crypto CFTC boss, subcommittee rumored as Trump inauguration nears
Recent developments in the United States government indicate a growing interest and potential support for the cryptocurrency industry. According to reports, the US Senate Banking Committee is considering the creation of a dedicated subcommittee specifically focused on cryptocurrencies. This would mark a significant step towards recognizing and regulating the rapidly expanding digital asset market.
At the same time, President Donald Trump is reportedly considering appointing a pro-crypto commissioner to lead the Commodity Futures Trading Commission (CFTC). This move could potentially bring a more favorable stance towards cryptocurrencies within the regulatory agency, which oversees the trading of futures contracts and derivatives.
These developments come at a crucial time for the cryptocurrency industry, as it continues to gain mainstream attention and adoption. With the recent surge in Bitcoin’s price and the growing interest from institutional investors, it is clear that cryptocurrencies are here to stay. However, the lack of clear regulations and guidelines has been a major hurdle for the industry’s growth and legitimacy.
The potential creation of a crypto subcommittee and the appointment of a pro-crypto CFTC commissioner could provide much-needed clarity and stability for the industry. It would also signal a shift towards a more supportive and progressive approach from the US government towards cryptocurrencies.
While there is still much uncertainty surrounding the specifics of these potential developments, the mere consideration of such actions is a positive sign for the future of cryptocurrencies in the US. It shows that the government is taking notice of the industry’s potential and is willing to take steps towards understanding and regulating it.
Overall, these recent reports are a promising indication of the growing acceptance and recognition of cryptocurrencies in the US. As the industry continues to evolve and mature, it is crucial for governments to keep up and adapt their policies accordingly. With the potential creation of a crypto subcommittee and a pro-crypto CFTC commissioner, the US could be taking a significant step towards embracing the future of finance.
Backpack Exchange and FTX clash over FTX EU ownership
The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate.
Why is Cardano price down today?
Cardano (ADA) has been facing some challenges in the market recently, with diminishing user activity and strong overhead resistance causing a decline in its price. As of today, bears are determined to push ADA towards the $0.76 mark.
One of the main factors contributing to this downward trend is the decrease in user activity on the Cardano network. This can be attributed to a lack of new developments and updates, which has caused some users to lose interest in the project. As a result, the demand for ADA has decreased, leading to a decline in its price.
In addition, ADA is facing stiff overhead resistance, making it difficult for the cryptocurrency to break through key resistance levels. This resistance is caused by a large number of sell orders placed at higher price levels, preventing ADA from gaining momentum and pushing its price higher.
As a result, bears have taken control of the market, with their focus on driving ADA towards the $0.76 mark. This level has been a key support level for ADA in the past, and if it is broken, it could open the door for further downward movement.
However, despite these challenges, there is still hope for ADA. The Cardano team is working on several developments and updates, including the highly anticipated Alonzo hard fork, which will bring smart contract functionality to the network. This could potentially attract new users and investors, leading to an increase in demand for ADA and a potential price recovery.
In conclusion, while Cardano is facing some obstacles in the market, there is still potential for a rebound in its price. The upcoming developments and updates could bring new life to the project and attract more users, potentially driving ADA towards new highs. However, for now, bears seem to have the upper hand, and it remains to be seen how the market will react in the coming days.
How to buy USDC on Base: A step-by-step guide
Discover the power of USDC on the Base Network with our comprehensive guide on how to buy and use this stablecoin. Whether you’re new to the world of cryptocurrency or a seasoned investor, our step-by-step instructions will walk you through the process of purchasing USDC and bridging it to the Base Network.
First, let’s start with the basics. USDC, or USD Coin, is a stablecoin that is pegged to the US dollar. This means that its value is always equivalent to $1, making it a reliable and secure digital asset. The Base Network is a decentralized platform that allows for fast and low-cost transactions, making it the perfect place to use USDC.
To get started, you will need a wallet that supports USDC. There are many options available, but we recommend using a hardware wallet for maximum security. Once you have your wallet set up, you can purchase USDC from a reputable exchange such as Coinbase or Binance. Simply deposit your desired amount of USD and exchange it for USDC.
Now that you have your USDC, it’s time to bridge it to the Base Network. This process involves transferring your USDC from its original blockchain to the Base Network’s blockchain. This allows you to take advantage of the network’s fast and low-cost transactions. To bridge your USDC, you will need to use a bridge service such as RenBridge or Curve Finance.
Once your USDC is successfully bridged to the Base Network, you can start using it for various purposes, such as making payments, trading, or providing liquidity on decentralized exchanges. The possibilities are endless, and the low fees and fast transaction times make it a highly attractive option for any crypto enthusiast.
In conclusion, USDC on the Base Network offers a stable and efficient way to transact in the world of cryptocurrency. With our easy-to-follow guide, you can quickly and securely purchase USDC and bridge it to the Base Network, opening up a world of possibilities for your digital assets. So why wait? Start using USDC on the Base Network today and experience the future of finance.
DOGE ’extremely quiet’ social chatter could be an opportunity: Analyst
According to the latest data from Santiment, the sentiment surrounding Dogecoin is currently at a low point. This could be seen as a potential buying opportunity for investors, as the crypto market is expected to start moving higher again.
Dogecoin, a cryptocurrency that started as a joke, has gained significant attention in recent months due to endorsements from high-profile figures such as Elon Musk and Mark Cuban. However, despite its popularity, the sentiment surrounding Dogecoin has taken a hit in recent weeks.
Santiment, a leading provider of cryptocurrency data and insights, tracks the sentiment of various cryptocurrencies by analyzing social media and other online platforms. Their latest data shows that the sentiment surrounding Dogecoin has dropped to a low point, indicating that many investors are feeling pessimistic about its future.
While this may seem like a cause for concern, it could actually present a buying opportunity for savvy investors. Santiment’s data has shown that when the sentiment surrounding a cryptocurrency reaches a low point, it often precedes a market turnaround and an increase in prices.
This is not the first time that Dogecoin has experienced a dip in sentiment. In fact, it has happened multiple times in the past, and each time has been followed by a surge in prices. This could be attributed to the fact that Dogecoin has a strong and loyal community of supporters who are quick to buy the dip and drive up the price.
So, for those looking to invest in Dogecoin, now may be the perfect time to do so. With the sentiment at a low point, there is a potential for significant gains in the near future. Of course, as with any investment, it is important to do your own research and make informed decisions. But with the backing of Santiment’s data, it seems that Dogecoin could be a promising investment opportunity.
Fake OKX plugins found on the Firefox browser store
In recent years, the world of cryptocurrency has seen a significant increase in the number of hacks and exploits. According to a report by cybersecurity firm CertiK, there were a total of 303 incidents in 2024, a significant jump from the 282 incidents reported in 2023. This alarming trend highlights the need for increased security measures in the crypto space.
The rise in crypto hacks and exploits can be attributed to the growing popularity and value of digital currencies. As more people invest in cryptocurrencies, hackers are finding new ways to exploit vulnerabilities and steal funds. In fact, the total value of stolen crypto in 2024 was estimated to be over $1.9 billion, a staggering amount that has serious implications for the industry.
One of the main reasons for the increase in crypto hacks is the lack of regulation and oversight in the industry. Unlike traditional financial institutions, the crypto market is largely unregulated, making it an easy target for cybercriminals. This lack of accountability and security measures leaves investors vulnerable to attacks and puts their hard-earned money at risk.
To combat this growing threat, it is crucial for the crypto industry to prioritize security and implement stricter regulations. This includes conducting thorough security audits, implementing multi-factor authentication, and educating users on how to protect their assets. Additionally, governments and regulatory bodies must also step in to provide a framework for protecting investors and holding crypto companies accountable for any security breaches.
As the crypto market continues to grow and evolve, it is imperative that security measures keep pace to protect investors and maintain trust in the industry. By taking proactive steps to address the issue of hacks and exploits, we can create a safer and more secure environment for the future of cryptocurrency.
Agora, Galaxy complete AUSD stablecoin’s first live transaction
Agora, a leading blockchain platform, has recently launched its own stablecoin called AUSD, making it the newest addition to the rapidly growing stablecoin market. This move by Agora is set to revolutionize the way we transact and store value in the digital world.
Stablecoins are a type of cryptocurrency that are pegged to a stable asset, such as fiat currency or gold, to minimize price volatility. They offer the benefits of both traditional fiat currency and cryptocurrencies, providing stability and security while also being decentralized and borderless.
AUSD, short for Agora USD, is pegged to the US dollar, making it a reliable and secure store of value. This means that for every AUSD in circulation, there is an equivalent amount of US dollars held in reserve, ensuring its stability and value. This makes AUSD an ideal choice for those looking to hedge against market volatility or simply hold a stable digital asset.
But what sets AUSD apart from other stablecoins in the market? Firstly, Agora’s blockchain technology ensures fast and secure transactions, making it a convenient option for everyday use. Additionally, AUSD is backed by a team of experts in the blockchain and finance industries, providing a strong foundation for its success.
Moreover, Agora’s AUSD is not limited to just being a stablecoin. It also serves as a gateway to the Agora ecosystem, allowing users to access a wide range of decentralized applications and services. This creates a seamless and efficient experience for users, making AUSD a valuable asset in the digital world.
In conclusion, Agora’s AUSD is a game-changer in the stablecoin market, offering stability, security, and accessibility. With its innovative technology and strong backing, AUSD is set to become a leading player in the digital currency space. So, keep an eye out for AUSD and join the revolution of stable digital assets.
Pyth partners with Revolut for real-time digital asset data
Pyth Network partners with Revolut to integrate digital asset data into DeFi, bridging the gap between TradFi and Web3.