MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off

Bitcoin (BTC) prices have far higher to go during their current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric.In social media posts on Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That…

This is Microsoft’s largest investment in the area to date. 347 Total views 3 Total shares Microsoft is set to launch a $3.2-billion investment in the United Kingdom for artificial intelligence (AI) infrastructure and training.This marks the company’s largest U.K. investment since it started doing business in the area 40 years ago..@Microsoft is committed as

Major brands like Gucci are mulling whether to create nonfungible tokens based on their wares. 951 Total views 11 Total shares Fashion giants may be the next globally recognized brands to enter the expanding NFT metaverse.According to Vogue Business, several premium fashion houses are moving closer to releasing their own nonfungible tokens.The move follows the…

Ross Ulbricht turns 36 years old today. This will be his seventh birthday in incarceration.Ulbricht is the convicted felon serving two life sentences plus 40 years for his role in creating the Silk Road, the online contraband market notorious for its associations with cryptocurrency. Ulbricht says Silk Road was initially envisioned as a libertarian paradise,…

The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry. 84 Total views 1 Total shares The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and…

Chaos Labs protects crypto protocols against external exploits and risks with an automated risk management platform. 73 Total views 2 Total shares Own this piece of history Collect this article as an NFTPayments giant PayPal and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based…

Leading Chinese DeFi protocol has lost 99.95% of locked funds in a nearly $25 million hack. 1345 Total views 52 Total shares Chinese decentralized finance, or DeFi, protocol dForce has been exploited in a $24.95 million hack that has resulted in its Lendf.Me lending platform going offline.According to DeFi data aggregator DeFi Pulse, the total…

The race for blockchain adoption is on in South Korea. 1577 Total views 20 Total shares South Korea’s well-known chat application, Kakao, bolsters its presence in blockchain and crypto with its partnership with a non-fungible token-powered trading platform and its new crypto wallet Klip.According to Hanguk Kyungjae, the trading company Angel League will receive support…

Sunday, Jan. 6 — most of the top 20 cryptocurrencies are seeing a mix of moderate gains and losses on the day to press time. Bitcoin’s (BTC) price is currently hovering over $3,850 again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is up just a fraction of a percent on the day, trading…