Crypto news

MicroStrategy, an Enterprise Business Intelligence (BI) platform that provides software, cloud computing, and other services to a wide array of clients, also happens to be one of the world’s largest Bitcoin holders, with approximately 140k Bitcoin in reserves. Out-competing by HODLing The decision to purchase Bitcoin in bulk was made by then-CEO Michael Saylor in 2020, citing concerns over inflation. According to him, simply HODLing BTC has given his firm an edge over rivals...

The banking sector of Africa is worth $86 million at the time of writing, and bitcoin and other cryptocurrencies are expected to disrupt the industry like no other technologies can. Africa Could Be Completely Changed Thanks to Bitcoin Mike Brock – CEO of TBD at Block, a financial company run by Jack Dorsey – says one of the big ways that bitcoin can help Africa is that it can be used to ultimately move money around regardless of the present state of the economy. He...

OPNX – the project created by the defunct hedge fund Three Arrows Capital (3AC) founders – has been controversial from the very start. The exchange has now been reprimanded for conducting unregulated activity. Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a written reprimand to five OPNX founders, including Kyle Davies and Su Zhu, for carrying out virtual asset exchange services on an unregulated basis in and from the Emirate of Dubai as well as engaging in...

The leading cryptocurrency exchange Coinbase announced the launch of a Bermuda-based marketplace that will serve non-US institutional users, according to a recent report.  The company has been eyeing other countries to relocate recently due to the regulatory hurdles in America. CEO Brian Armstrong held discussions with the authorities of Britain in April, suggesting that the UK could also become an expansion target for Coinbase. Disappointed in the US  Coinbase – the only...

Benjamin Von Wong – a Canadian artist responsible for creating the “Skull of Satoshi” installation back in mid-March – has apologized for his work, claiming in a recent interview that it was “never meant to be anti-bitcoin,” and he is not pleased people took it in such a way. Benjamin Wong: I Never Sought to Create an Anti-Bitcoin Project Wong stated: It was an optimistic hope that bitcoin could shift away from the needless burning of fossil fuels without losing all the...

[PRESS RELEASE – Please Read Disclaimer] Tykhe Block Ventures, a USA-based Venture Capital firm, has announced the first close of its Blockchain Growth Fund. The first close was led by a clutch of UHNWIs and Family Offices operating in South-East Asia & Middle East. The firm has also committed that approximately $10 Mn of the fund will be allocated to invest in blockchain & Web3 startups in the Middle East region. Tykhe is also in the process of setting up their Dubai...

PEPE is the latest memecoin to hit the market with full force. The cryptocurrency is up over 300% in the past seven days, but its increase is tremendously higher since the time it was launched barely two weeks ago. Following listings on a couple of major exchanges, the community is now speculating whether Binance will be the next to enable trading for PEPE on its platform. PEPE Listed on Centralized Exchanges For those of you who may have, for whatever reasons, missed it –...

Despite a relatively broad history with cryptocurrencies and digital assets, graphics card manufacturer Nvidia has come out to say that crypto has no purpose in society. Nvidia Doesn’t Think Crypto Has Much to It In a recent interview, the company’s chief technology officer Micheal Kagan commented that the graphics cards Nvidia creates should be utilized for activities other than simply mining crypto. He suggested using them to power AI-based technologies like Chat GPT....

Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022. On Tuesday, May 2, oil major British Petroleum (BP) reported stronger-than-expected first-quarter (Q1 2023) profits, and rising from the previous quarter i.e. Q4 2022. However, the numbers were down from the exceptional profits that the company recorded during a blockbuster 2022 when fossil fuel prices shot up significantly following Russia’s invasion of Ukraine. BP Q1 2023...

The new secondary art NFT marketplace by Sotheby’s also pays royalties from sales directly to the artists, from payments made by collectors. Sotheby’s has launched an on-chain non-fungible token (NFT) marketplace that facilitates the sale of secondary digital art items. According to Decrypt, the New York-based auction house now supports secondary NFT sales, allowing artists to transact directly with collectors. For example, interested collectors can list and make offers on work from select...