MicroStrategy’s $42B Bitcoin bet is bullish for shareholders: Analyst

The first six weeks of US President Donald Trump’s second administration have been a wrecking ball for cryptocurrency markets.  Since peaking above $109,000 on Inauguration Day, Bitcoin (BTC) crashed to a low of around $78,000 in late February before swiftly rebounding to $96,000 a few days later on Trump’s crypto reserve plans. However, 24 hours

Now that we are at the tail end of 2020, the big hardware manufacturers are starting to announce their latest, fastest offerings set to be released ahead of the holiday season. Meanwhile, the cryptocurrency mining market continues to expand rapidly against all odds. Here’s an overview of which producers offer the best graphics cards in…

A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% of these options are now deemed worthless.As we approach the expiry date, call (buy) options above the current level begin to depreciate…

MAGA is painting a classic bullish reversal pattern right ahead of Donald Trump's keynote at the upcoming Bitcoin 2024 conference in Nashville.

Hybrid offerings to suit different needs. 1532 Total views 19 Total shares Two exchanges will offer both decentralized and centralized financial options.Both Bitrue and OKEx separately announced plans to provide hybrid services that cater both to the DeFi market and more mainstream centralized finance products.OKEx CEO Jay Hao tweeted on August 30 that the exchange…

Discover the transformative power of blockchain and smart contracts in revolutionizing procurement processes, enhancing transparency and streamlining supply chain management.

The number of tax evasion cases featuring crypto assets rose 35% in 2022. 193 Total views 1 Total shares According to Japan’s tax authorities, the average value of undeclared income in crypto fell by 19% in 2022.On Nov. 24, the Japanese National Tax Agency (NTA) released its yearly summary of tax investigations. The 13-page document

An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries.The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to…

Bitcoin's (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern.Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among investors.…