MicroStrategy Buys Additional $50M in Bitcoin

Markets are noisy, chaotic things that we human beings instinctively try to imbue with order and reason. This generally involves searching for explanations as to why prices are trending up or down or what triggered a sharp move.Often there is an obvious explanation – an earnings surprise or an unexpected corporate action. Sometimes the cause…

U.S. lobbying spending by the cryptocurrency industry is on course to hit a record high this year, Reuters reported on Tuesday.Crypto companies spent $18.96 million on lobbying by the end of the third quarter, up from $16.1 million in the same period last year, according to a report citing research by OpenSecrets.As in 2022, crypto

Kazakhstan’s Ministry of Energy plans to limit the electricity consumption of the the nation’s crypto-mining industry to a total of 100 megawatts as it looks to curb power shortages.All newly authorized plants will be limited to using just 1 MW over two years, according to an Oct. 1 draft signed by the newly appointed energy…

Dec 10, 2019 at 17:20 UTCUpdated Dec 10, 2019 at 17:20 UTCJPMorgan Blockchain Payments Network Eyes January Japan LaunchJPMorgan Chase’s blockchain payments platform looks to be expanding to Japan, and soon.The U.S. banking multinational is eyeing a launch for its Interbank Information Network (IIN) in the East Asian nation possibly in January, executive director Daizaburo…

Israel won't decide on introducing a central bank digital currency (CBDC) before the European Union, a senior official of its central bank told Reuters. Neither Israel nor the EU has yet committed to issuing a CBDC. The Bank of Israel won't decide whether to introduce a central bank digital currency (CBDC) before the European Central

Crypto exchange Binance will expand its zero-free trading promotion to all trueUSD (TUSD) trading pairs starting June 30, the firm announced on Wednesday.The blog post said that traders will benefit from zero maker fees with all TUSD spot and margin trading pairs, expanding the promotion from the bitcoin (BTC)-TUSD pair. Users will also be able…

The recent approval of Bitcoin spot exchange-traded funds in the U.S. is undoubtedly a strong development for Bitcoin and crypto, particularly on the regulatory and institutional fronts. From a technological viewpoint, the positive reception to the ETFs is also a reminder the crypto industry must continue to reduce user-friction if we want to see mass

Tether's USDT touched the $100 billion market cap threshold Monday for the first time in its history, CoinGecko data shows.USDT grew by $2 billion over the past week, benefiting from increased demand for liquidity for crypto trading.USDT, a stablecoin issued by Tether, briefly hit $100 billion in market capitalization for the first time in its

A Binance executive was the main controller of five bank accounts belonging to the crypto exchange's supposedly independent U.S. unit, Reuters reported on Monday, citing bank records.Guangying Chen was authorized by the now bankrupt crypto lender Silvergate Bank to operate the accounts between 2019 and 2020, Reuters said. Binance.US had to ask Chen and her…