Crypto news

Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings. The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company in the high tech or investing sector to be this incredibly bullish Bitcoin. In fact, Michael Saylor says he was...

Bitcoin attempted to reach $50,000 once more in the past 24 hours, but it was rejected, which drove it south hard. Most altcoins have stalled, which has enabled SOL to outplace Polkadot as the 8th largest cryptocurrency following another impressive surge and ATH. SOL’s Latest ATH Takes it to N8 Most alternative coins have performed rather similarly to bitcoin in the past few days. As such, they have remained relatively stagnant on a daily scale, despite the intraday...

Bilaxy, a Seychelles-based digital asset trading platform, reported earlier on August 29th that some of its wallets were compromised. While the exchange hasn’t confirmed the amount stolen yet, some estimations claim that it could be around $450 million in various cryptocurrencies. Bilaxy’s official Telegram channel saw several updates today indicating that the platform had temporarily stopped its services due to maintenance. A few hours later, though, the exchange took it to...

Cryptocurrency scams were reportedly the most common type of fraud in Australia during the first six months of the year. Locals parted with roughly $25 million after becoming victims of such fraudulent schemes. ‘If Something Sounds Too Good to Be True, It Probably Is’ According to a recent report by the Australian Competition and Consumer Commission (ACCC), investment scams have risen to record levels in the country this year. Interestingly, frauds involving digital assets...

Leading software firm MicroStrategy has purchased another $177 million in digital currency and bitcoin. This brings the company’s total investment to a whopping $5.3 billion at the time of writing, making it the biggest institutional holder and supporter of BTC over the past year. MicroStrategy Now Holds More than $5 Billion in BTC MicroStrategy initially began investing in bitcoin about a year ago in August of 2020. Since then, it began a series of purchases that...

A new politician running for office in Illinois is accepting cryptocurrency donations for her campaign. Holly Kim, a registered democrat, is running for another term as Lake County Treasurer, and is officially the first politician in the state to say “yes” to bitcoin and various altcoins to boost her campaign. Holly Kim Loves Her Crypto The process began when a supporter gifted her with three dollars in Litecoin. The supporter also said that they would be sending more...

Input-Output HK – development company and driving force behind Cardano (ADA) – joined forces with the European Business University of Luxemburg (EBU). Their goal is to make education in developing African countries more “accessible, affordable, and equitable.” Cardano’s New African Endeavors The research and development organization Input-Output HK (IOHK) announced the collaboration with the European Business Univerisity of Luxemburg (EBU) earlier this week: “We are pleased...

Florida has gained access to another cryptocurrency exchange today through Blockchain.com, making this the third official exchange Floridians can utilize for trading, buying, and selling digital assets. Florida Citizens Are Now Permitted to Trade Through Blockchain.com Valued at approximately $5 billion at the time of writing, Blockchain.com is based in London but is looking to hire dozens of people in Miami, a city known as a growing tech hub and crypto base. Thus far,...

El Salvador will, in ten days, adopt Bitcoin as an official currency. It’s making massive investments in projects to develop end-user products to hold and spend bitcoin. The opportunities of this venture are enormous, though some warn there are risks. El Salvadorians Will Soon Find Imports Attractive Because Bitcoin is a deflationary cryptocurrency, and the oldest blockchain with the most of its limited currency already mined, and especially given the history of the BTC price...

The authorities in Texas sentenced the CEO of AriseBank – Jared Rice, Sr. – to spend the next five years in federal prison. Apart from the jail time, the criminal would have to restore approximately $4,250,000, which he embezzled from investors throughout his cryptocurrency-related schemes. Justice at Last According to a recent press release from the US Department of Justice, Jared Rice, Sr. will spend the next 60 months behind bars. The American, who was in charge of...