MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
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Microsoft to invest $3.2B in UK artificial intelligence infrastructure
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
Global fashion brands reportedly considering NFT foray
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…
Silk Road Founder Ross Ulbricht Spends Seventh Birthday in a Row in Jail
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,…
US House financial committee tells SEC they don’t like custody proposal
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…
PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs
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…
DForce Loses 99.95% of Funds in Latest Test of DeFi’ Resilience
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…
Major South Korean Chat App Bets Big on NFT-Based Stock Trading
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…
Bitcoin Hovers Оver $3,850 as Top Cryptos See Mixed Signals
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…