Crypto news

MicroStrategy (MSTR) announced on Wednesday that it plans to raise $42 billion over the next 3 years to purchase more BTC for its balance sheet, and improve “BTC yield” for its shareholders.  In its Q3 earnings release, the company said that the “21/21 Plan” would involve raising $21 billion through ATM equity offerings, and $21 billion in fixed-income securities. As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve...

Ripple’s recent price action reflects a cautious market, with a temporary rebound from the critical $0.5 support zone toward the 200-day moving average. However, a rejection at this level could solidify the ongoing bearish trend. XRP Analysis By Shayan The Daily Chart On the daily chart, XRP faced renewed selling pressure after failing to sustain gains near the 200-day moving average at $0.57. This level has acted as a strong resistance, and a breakdown below the 200-day MA...

Consensys, the blockchain development firm behind the popular MetaMask crypto wallet, has decided to lay off over 160 employees. The move impacts 20% of its total workforce. According to founder and CEO Joe Lubin, this decision was driven by macroeconomic challenges and substantial legal costs incurred during the company’s extended regulatory battles. Job Cuts at Consensys In the latest blog post, Lubin criticized the US Securities and Exchange Commission (SEC) for what he...

Bitcoin’s price is on the verge of creating a new all-time high following the significant rally in the past few days. However, the asset has faced some initial resistance and is yet to break above the March peak. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has begun a rally since its rebound from the $52K support level. Over the past few weeks, it has broken above the 200-day moving average, located around the $64K level...

TL;DR Ripple co-founder Chris Larsen endorsed Kamala Harris, citing her pro-innovation stance and connections to the Bay Area tech scene. The US presidential candidate recently voiced support for a crypto regulatory framework aimed at protecting vulnerable groups but has yet to provide specific policy details. ‘Excited About Harris’ Economic Message’ The US presidential elections are less than a week away (scheduled for November 5), with Republican Donald Trump facing...

[PRESS RELEASE – Melbourne, Victoria, October 30th, 2024] Nozomi, led by founder Louis Dharma and CEO Jinelle D’Lima, has unveiled the aATose Paper (accelerating Aligned Technology by Open Sourcing Entrepreneurship), presenting a new framework that builds upon Vitalik Buterin’s Defensive Accelerationism (de/acc). While de/acc sought to decentralize technology and guard against centralized control, aATose aims to go further, establishing a future where individuals are...

[PRESS RELEASE – New York, NY, October 30th, 2024] Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch marks a significant milestone in building Morph’s consumer layer, serving as an expansion beyond a typical Layer 2. Morph’s consumer layer directly addresses the root causes of limited blockchain adoption, enabling ecosystem participants to exchange real assets and engage in transactions. Projects...

[PRESS RELEASE – Cranford, US, New Jersey, October 30th, 2024] The partnership introduces a breakthrough in decentralized cloud storage, ensuring cost-effective, resilient, and secure backup solutions for enterprise-grade data management. DeStor, a leader in decentralized storage solutions, has partnered with Impossible Cloud to introduce advanced decentralized cloud backup solutions. The collaboration provides businesses with robust, enterprise-grade storage that combines...

[PRESS RELEASE – Road Town, British Virgin Islands, October 30th, 2024] Blast Royale has announced the upcoming pre-sale of its Low FDV Community Offering (LCO) for the $NOOB token, scheduled for November 6th. As a community-focused initiative, this offering aims to integrate players and supporters, marking a significant move in the Gaming x Meme token space. With record engagement, including over 85,000 Daily Active Users (DAU), more than 20 million social media impressions...

Stablecoin issuer Circle announced on Tuesday that it had signed a Memorandum of Understanding (MOU) with HKT, a major player in technology, media, and telecommunications. The main objective of this collaboration is to explore opportunities for creating blockchain-based loyalty solutions tailored to Hong Kong’s merchant landscape. Circle-HKT Collaboration According to the blog post, Circle’s expertise in Web3 services, combined with HKT’s merchant network and customer...