MicroStrategy has amassed a fund of 205,000 Bitcoin companies worth nearly $14 billion at current market prices. That’s almost enough to keep pace with the $15 billion worth of Bitcoin that BlackRock has bought in shares of its iShares Bitcoin Trust.However, JP Morgan analysts say there is reason to worry about the way the company is purchasing BTC.“We believe MicroStrategy’s debt-backed Bitcoin purchases add leverage and bubbles to the current cryptocurrency rally and increase the risk of more severe deleveraging in a potential recession down the road,” JPM analysts led by Nikolaos Panigirtzoglou wrote on Thursday. .MicroStrategy Chairman Michael Saylor…
Author: Crypto Flexs
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The cryptocurrency market witnessed another surprising debut with the launch of BOOK OF MEME (BOME), a new Solana-based meme coin. BOME’s price soared by 5,000% just one day after launch, attracting the attention of investors and enthusiasts alike. TLDR BOOK OF MEME (BOME), a new meme coin based on Solana, saw its price rise by a whopping 5,000% just one day after its launch. One trader invested 50 SOL (about $8,500) in the BOME presale and received 170.25 million tokens, which he sold for a profit of 717 SOL (about $123,000) in just 14 hours. Another investor spent 421 SOL…
Bitcoin is down about 5% year to date, with a loss of $3,500 year to date. On the other hand, some altcoins fell by more than 10%. With $BTC potentially holding at these levels, is now the time to buy the altcoin you’ve been wanting to buy for a long time? The day is getting better for $BTC That day will probably seem less bad than you previously imagined. From Friday’s high of $72,250 to its low of $65,550, Bitcoin fell a total of 9%, equivalent to nearly $7,000. However, as the day progressed, the support at $65,550 held and…
It has been reported that North Korea’s Lazarus Group has resumed laundering stolen cryptocurrency through Tornado Cash to avoid international sanctions. Despite international sanctions, North Korea’s infamous Lazarus Group has reportedly resumed operations using cryptocurrency mixer Tornado Cash to launder approximately $12 million worth of cryptocurrency. The funds were reportedly linked to a cyber heist targeting cryptocurrency platforms HTX and HECO last November, highlighting the ongoing threat posed by state-sponsored actors in the digital asset space. The Lazarus Group, known to be backed by the North Korean government, has been implicated in a series of large-scale cyberattacks aimed at bypassing…
Currently, the financial world is abuzz with anticipation for the upcoming AI technology. Artificial intelligence continues to transform and advance the financial industry in surprising ways. Take a deep dive into 2024 and see how AI is now the secret weapon for fintech startups.AI has come a long way, from bots that can now provide personal, tailored financial advice based on trained algorithms to AI that can spot fraud in piles like a bloodhound. Having AI by your side is like having a constant assistant ready to work 24/7 and provide insight when you need it most.Let’s take a look…
A friend of mine who died a few weeks ago claimed to have mined Bitcoin using a personal computer. Long ago he said But I did briefly see the archive he named. btc.gz I was curious to see if his claims were true, as I last created or modified the file in late January 2010. Now I wonder what he did while writing his profile. So were there any free Bitcoin mining services, platforms or software available until January 2010? Please provide a possible list.
DeeStream (DST) is making headlines with Ethereum and Toncoin investors participating in its pre-sale amid expectations that it will revolutionize the streaming sector through blockchain. DeeStream is gaining global attention after joining the whale presales of Ethereum (ETH) and Toncoin (TON), with presale predictions of up to 100x potential growth. Denun, Ethereum’s most promising update, comes as Toncoin (TON) rises on speculation about a potential Telegram IPO. This setup seems to anchor DeeStream as an innovative platform in the streaming market, providing transparent monetization means and a new payment infrastructure. Ethereum Dencun Update Ethereum’s upcoming Dencun update has generated considerable…
Wealth management and financial advisory firm Cetera has approved four U.S. spot Bitcoin exchange-traded funds for its network of 9,000 experts.BlackRock’s IBIT, Fidelity’s FBTC, Franklin Templeton’s EZBC and Invesco’s BTCO were selected because of the providers’ track record of successfully launching new product strategies with the necessary resources, tools and knowledge, according to a company statement Thursday.The new policy regarding the use of spot Bitcoin ETFs in brokerage accounts includes training resources designed to help financial professionals advise clients to add funds to their investment portfolios, with training starting March 25.“Financial advisory firms are now issuing press releases about the…
The convertible senior notes will bear an annual interest rate of 0.875%, compared to 0.625% on the $800 million sale of similar debt that occurred just days ago. The conversion rate for the new notes is equivalent to $2,327.31 per share, representing a premium of about 40% to MSTR’s average Thursday price of $1,662.20.
The Avalanche Foundation has revealed plans to purchase community coins that are part of the Avalanche blockchain network by the end of 2023. This ongoing effort is part of the foundation’s larger Culture Catalyst program, which aims to support the growth of Web3 producers and stimulate the Avalanche. Drive innovation and encourage broader blockchain use. The Avalanche Foundation has made a groundbreaking announcement regarding the initial collection of community coins $COQ, $KIMBO, $TECH, $GEC, and $NOCHILL. This move marks a significant step forward for the Avalanche ecosystem by reaffirming the platform’s commitment to supporting community-driven initiatives. The Foundation’s decision to…