On August 1, MicroStrategy founder Michael Saylor announced that in July, the firm acquired an additional 169 BTC for $11.4 million and now holds a total of 226,500 BTC. The company continues to focus on its bitcoin acquisition strategy. However, it faced significant impairment losses due to BTC price fluctuations, resulting in a second consecutive […]
This week, the crypto market saw major developments, including Donald Trump’s Bitcoin plan announced at the Bitcoin 2024 Conference, WazirX’s controversial hack recovery strategy, and Nvidia’s advancements in humanoid robotics. These events showcase the ever-changing nature of the crypto industry, eliciting diverse responses from global experts and stakeholders. Donald Trump’s Bitcoin Strategy: A Game-Changer or […]
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Chris Li predicts blockchain will shift from horizontal to vertical scaling soon. Vertical scaling could enhance efficiency in online casinos and improve user experience. Advanced solutions like atomic swaps may replace wrapped assets, preserving decentralisation. Chris Li, a former Microsoft engineer and the founder and CTO of Ava Protocol, has made a bold prediction for […]
Hong Kong — Get ready for an exciting day of networking and financial insight at FINEXPO’s Hong Kong Traders Fair 2024. This event, which is scheduled for December 14, 2024, at Crowne Plaza Hong Kong, is an international gathering place for traders, investors, and financial enthusiasts. Building Stronger Networks, Meet Our Platinum Sponsors: VT Markets […]
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. A crypto exchange can determine if you have an excellent or bad trading experience. Enter Zoomex, […]
As AI takes centre stage in Silicon Valley, an inconvenient truth is emerging behind the scenes: AI has a massive carbon footprint. Tech giants like Microsoft, Google and Amazon have made bold commitments to slash greenhouse gas emissions in the coming years, but the technology they’re betting their futures on is making those climate goals […]
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Key Takeaways MicroStrategy acquired 12,222 bitcoins at an average price of $65,882 each during Q2. The company reported a net loss of $102.6 million due to significant digital asset impairments. Share this article Business intelligence firm MicroStrategy acquired 12,222 bitcoins for $805.2 million since the start of Q2 2024, bringing its total holdings to 226,500 […]
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