Michael Saylor, co-founder and Executive Chairman of Microstrategy, the company that pioneered Bitcoin reserves among institutions, seems to have found an infinite money glitch that turns debt and bitcoin into more money and bitcoin. But what’s the endgame, and is it sustainable? Michael Saylor’s Bitcoin Infinite Money Glitch Criticized Michael Saylor, once a bitcoin critic,…
November 20, 2024 at 08:48 PM GST updated: November 20, 2024 at 07:24 PM 2 mins read News Bitcoin’s 7 TPS limit risks major congestion, with self-custody users facing up to two-month transaction delays during panics. Justin Bons warns Bitcoin’s scalability flaws could trigger a “death spiral,” amplifying miner shutdowns and price collapses. Competitors with…
A historical Bitcoin on-chain signal hints that the price may soar by 90% soon. There are different projections for Bitcoin price top this season, up to $200,000. Onchain data analytical platform CryptoQuant has flagged a key Bitcoin (BTC) metric that suggests a potential 90% rally for the leading cryptocurrency. This analysis comes amid an ongoing…
November 19, 2024 at 04:55 AM GST updated: November 19, 2024 at 04:17 AM 2 mins read News MicroStrategy now holds over 331,200 BTC, making it the largest corporate holder of Bitcoin. MicroStrategy’s latest BTC purchase totaled $4.6 billion at an average of $88,627 per coin. Following recent buys, MicroStrategy’s total BTC investment stands at…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 MicroStrategy, the self-proclaimed Bitcoin development company, has shattered records yet again with an audacious approach to crypto investment. Over six days, the firm purchased 51,780 Bitcoin (BTC) for a staggering $4.6 billion. With this latest acquisition, the company’s total Bitcoin holdings now stand at 331,200 BTC, valued at nearly…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Gautam Chhugani, a top analyst at research and brokerage firm Bernstein, has made critical predictions about the leading digital currency, Bitcoin. In a recent analysis of the asset, Chhugani highlighted critical factors that could catalyze Bitcoin’s price to $200,000 by 2025. The analyst cited some factors that could positively…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Xapo Bank, located in Gibraltar, has introduced a new Bitcoin inheritance plan. According to the announcement, this allows its members to name multiple beneficiaries for their assets, including Bitcoin. This feature provides a safe and efficient way to prepare for the future, ensuring that digital and traditional wealth can…
Despite record Bitcoin prices, some traders are looking for buying opportunities during pullbacks, with key entry points targeted at around $83,000. BTC accumulation continues among whales and institutional investors, especially through spot Bitcoin ETFs Bitcoin closed out the week near $90,000, posting its highest weekly close in history with monthly gains of 32%. Traders and…
November 15, 2024 at 08:48 PM GST updated: November 15, 2024 at 03:39 PM 2 mins read News Altcoins are fighting for attention as Bitcoin’s dominance has increased to 61.37%, indicating a strong BTC Season. Historically, Bitcoin and altcoins alternate dominance, with BTC leading in bullish phases and altcoins taking over in others. Investors are…
Samson Mow, CEO of JAN3, has doubled down on his earlier prediction of bitcoin reaching $1 million in weeks to months. Mow states that the U.S. debt cannot be repaid, and one of the best decisions to deal with it is rebasing the price of the U.S. dollar to bitcoin. JAN3 CEO Samson Mow: The…
Samson Mow, CEO of JAN3, has doubled down on his earlier prediction of bitcoin reaching $1 million in weeks to months. Mow states that the U.S. debt cannot be repaid, and one of the best decisions to deal with it is rebasing the price of the U.S. dollar to bitcoin. JAN3 CEO Samson Mow: The…
Luis Stuhlberger, a legendary Brazilian hedge fund pioneer, disclosed that Verde, the firm he leads, built a bitcoin position before Trump’s victory. The firm remarked that President Trump’s intentions should be taken seriously, including his cryptocurrency-linked proposals. Luis Stuhlberger’s Brazilian Hedge Fund Verde Bets on Trump’s Bitcoin Push While the current Bitcoin bull market originated…
Mara, a publicly traded, U.S.-based mining conglomerate listed on Nasdaq, has announced a new expansion of its Bitcoin mining sites in the country. Two sites have already been acquired, and one is in development in Ohio, which will provide the company with 372 megawatts that will be fully energized by 2025. Mara Bets on U.S….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 MicroStrategy, the intelligence software firm, recently made a bold move, reinforcing its position as the largest corporate Bitcoin holder. The company recently bolstered its crypto stash with a massive $2.03 billion purchase of 27,200 Bitcoins. This acquisition, completed between October 31 and November 10, 2024, reflects a calculated wager….
November 12, 2024 at 02:30 AM GST updated: November 12, 2024 at 01:39 AM 2 mins read News Bitcoin soars to $82,000, doubling its value from earlier lows this year. Peter Schiff cites a Trump-driven mania, not fundamentals, for Bitcoin’s rally. U.S. dollar strengthens and gold prices drop as Bitcoin hits a new all-time high….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 MicroStrategy Inc’s epic Bitcoin (BTC) journey has hit a new high, signaling an impressive milestone. The American intelligence firm’s BTC holdings have recently exceeded $20 billion. This was propelled by a massive rally that took Bitcoin above $80,000. MicroStrategy’s bold Bitcoin bet, spearheaded by its chairman, Michael Saylor, has…
This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our…
As the U.S. election loomed, speculation on whether a Trump victory would actually be bad for markets percolated. Now with Trump victorious and markets ripping, it’s clear it was a Trump bump. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the…
During the Bitcoin 2024 Conference, Trump indicated plans to include Bitcoin in the U.S. strategic stockpile, keeping American-mined Bitcoin within the country. U.S. lawmakers like Senator Cynthia Lummis are already advocating for the government to hold a significant portion of the Bitcoin supply to address the national debt. Now that Donald Trump has registered a…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tom Lee, the Head of Research at Fundstrat, has put forward a notable proposal that could reshape how national finances and digital assets are viewed. In a time when U.S. national debt is increasingly concerning, Lee suggests Bitcoin could be utilized as a treasury reserve asset. Lee pointed to…
Coinbase has deployed its very first token – cbBTC on the Solana ecosystem. The token is aimed at improving Bitcoin accessibility and enhancing DeFi adoption. The crypto market has progressed further in its bullish movements, with Bitcoin steadying at the $75K level. Meanwhile, the community has begun speculating on new regulatory leadership and other changes…
November 8, 2024 at 04:20 AM GST updated: November 7, 2024 at 09:19 PM 7 mins read Press Release Cryptocurrency is evolving fast, and the choices are getting more exciting every day. If you’re ready to dive into crypto but can’t decide which ones to go for, you’re not alone. With so many coins, presales,…
November 6, 2024 at 06:00 PM GST updated: November 5, 2024 at 10:30 PM 6 mins read Press Release Enter Qubetics ($TICS), a newcomer making waves by targeting the real-world issues most other cryptos haven’t quite cracked yet. Qubetics isn’t just another token trying to ride the crypto hype train. It’s aiming to make blockchain…
Bernstein analysts predict Bitcoin will reach $200,000 by the end of 2025, regardless of the US election outcome. The price increase is expected due to rising US debt, monetary challenges, and demand from US-based Bitcoin ETFs. Bernstein analysts have projected a strong outlook for Bitcoin, expecting it to reach $200,000 by the end of…
November 2, 2024 at 02:30 PM GST updated: November 2, 2024 at 10:30 AM 3 mins read Press Release Bitcoin and Ethereum are well-established in the cryptocurrency market, but a new contender is showing signs of outperforming them in the short term. Cybro is becoming a focus for investors seeking rapid profits. Investigating the factors…
October 31, 2024 at 05:48 PM GST updated: October 31, 2024 at 01:38 PM 2 mins read News Bitcoin breaks key resistance at $69,985, rising 4.87%, signaling a potential bullish trend and heightened investor interest. Technical analysis by Peter Brandt points to a $94K target, driven by breakout patterns and reinforced by long-term support levels….
Bitcoin is soaring once again, but Bitcoin.com CEO Corbin Fraser wishes to remind everyone that with its unique set of driving forces, bitcoin is on a long-term trajectory to reshape the global economy Bitcoin Nears Historic Highs but Huge Growth Is Still Ahead Bitcoin’s recent price action has been impressive, with the cryptocurrency approaching…
Duo Nine, the founder of YCC, alerted others about an ongoing vampire attack on Bitcoin, which Satoshi Nakamoto foretold in the Bitcoin whitepaper. Nine explained that the inclusion of third parties siphoning value from the Bitcoin blockchain to other blockchains might affect its operability in the future. Bitcoin Facing Troublesome Vampire Attack Foretold by Satoshi…
Suriname Presidential Candidate Maya Parbhoe envisions Bitcoin as a means to achieve financial sovereignty and transparency. Parbhoe aims to establish a decentralized economic system that protects citizens from local and international financial pressures. Surinamese presidential candidate Maya Parbhoe has revealed her bold vision for transforming Suriname’s economy. She pledged that if elected, she would make…
The Global crypto market cap rose by 0.44% to $2.29 trillion today. Uptober disappointed, failing to deliver the expected gains in the crypto market. The Global cryptocurrency market cap currently stands at $2.29 trillion, a slight 0.44% gain in the past day. Over the last 24 hours, trading volumes reached $50 billion, up by 5.80%….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The asset management firm BlackRock Inc’s Bitcoin holdings have reached over 400,000 BTC. According to Lookonchain, BlackRock now has a total of 403,725 BTC, which is valued at a staggering $26.98 billion. This highlights the asset manager’s substantial investment in the world’s leading cryptocurrency. BlackRock’s holding signals its unwavering…
Get the biggest stories of the week all in one place, including Kiyosaki’s advice for surviving inflation, AI forecasts for BTC’s price post U.S. election, and more. Top Stories This Week: Kiyosaki’s Survival Tips, AI Bitcoin Forecasts, and BRICS’ Dollar Dependence Dilemma Robert Kiyosaki Reveals His Secret to Surviving Inflation — Urges You to Do…
October 26, 2024 at 07:00 PM GST updated: October 25, 2024 at 07:45 PM 2 mins read Press Release Huge numbers of investors continue to beat a path to the much-hyped web3 Casino Rollblock ($RBLK) presale, as over 20,000 early adopters see the massive potential of this low-cap gem. Let’s find out why Cardano and…
The Plan B conference on Bitcoin adoption and financial freedom, will feature notable speakers such as Nick Szabo, Adam Back, and Samson Mow. Amid rising corporate interest, Microsoft’s shareholders are set to vote on a proposal to assess Bitcoin investment. A new statue of Bitcoin’s pseudonymous founder Satoshi Nakamoto has been recently unveiled by the…
In a recent interview, Bitcoin cheerleader Michael Saylor shocked many by dismissing concerns about Bitcoin custody, but David isn’t surprised by his statements. Saylor’s Recent Controversial Statements Are Consistent With His Past Statements Michael Saylor is known for being an ardent Bitcoin maximalist. He advocates heavily for Bitcoin, while usually bashing over cryptocurrencies, arguing that…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Japanese investment firm Metaplanet has completed its 11th series of stock acquisition rights, raising $66 million (10 billion yen). Of the 18.1 million stock rights issued, 72.8% were exercised, demonstrating strong confidence from the investor community in the company’s prospects. According to reports, the stock acquisition rights attracted 13,774…
Microstrategy co-founder Michael Saylor blasted the original bitcoin community stating that crypto-anarchists were paranoid about possible bitcoin seizure events involving the large companies that currently provide crypto custody. Saylor said that they were the ones who could incentivize a seizure measure due to their lack of compliance with government rules while exercising self-custody. Michael Saylor…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From…
October 20, 2024 at 04:45 AM GST updated: October 20, 2024 at 04:52 AM 2 mins read News Bitcoin ETFs hit $20B in assets in under a year, outpacing gold ETFs, which took five years to reach the same milestone. Institutional demand boosts Bitcoin ETFs, with $1.6B in net inflows across 11 major funds in…
October 18, 2024 at 06:30 PM GST updated: October 18, 2024 at 05:30 PM 5 mins read Press Release Experts are highlighting a group of altcoins that might surpass Bitcoin’s rise in the near future. They claim that an investment of $1,200 today could grow into $1.8 million by 2025. As these digital currencies gain…
A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions. The numbers are surprising to analysts, given the push that President Nayib Bukele has made for bitcoin in the country since its adoption as legal tender in…
Robert Kiyosaki stated that an economic crash would cause Bitcoin’s value to reach $5,000. He thinks that a crash will occur in all assets, but he said that it is a good chance for investors to be wealthy. Robert Kiyosaki, renowned author of Rich Dad Poor Dad, predicts a looming financial disaster, warning that the…
Hunter Horsley, co-founder and CEO of Bitwise, a $4 billion crypto fund manager, believes that banks will accelerate the participation of many investors in the cryptocurrency market. Horsley predicted that in 12 months, the stance of many crypto adopters will change, declaring that banks will be regarded as “the best thing that ever happened to…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a bold statement that could shift the perception of Bitcoin’s future, BlackRock CEO Larry Fink has projected the possibility of the cryptocurrency’s market capitalization reaching an astonishing $50 trillion. During BlackRock’s third-quarter earnings call, Larry Fink suggested that if Bitcoin’s (BTC) market cap reached $50 trillion, the price…
October 13, 2024 at 09:20 AM GST updated: October 12, 2024 at 09:16 PM 2 mins read News Bitcoin’s golden cross reappears, signaling potential for another rally. Past golden crosses led to significant BTC price surges. Traders anticipate a possible upward trend, but volatility remains a concern. A golden cross has once again appeared on…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a surprising turn of events, Craig Wright, an Australian computer scientist and businessman, has stepped into the legal arena without a safety net. He is acting as his attorney in a newly filed lawsuit against Bitcoin Core and Jack Dorsey’s Square. This bold move raises eyebrows and questions…
October 10, 2024 at 05:30 PM GST updated: October 9, 2024 at 07:13 PM 2 mins read Press Release As Bitcoin (BTC) experts whisper about a possible $100,000 per BTC by 2025 and Polygon (POL) undergoes rebranding, Lunex Network (LNEX) is gaining attention in the decentralized finance (DeFi) sector. With innovative solutions to multi-chain transactions…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ireland’s Criminal Assets Bureau (CAB) has been holding Bitcoin (BTC) seized from a convicted drug dealer, Clifton Collins, since 2019. However, despite BTC’s meteoric rise in value, the CAB has been unable to access the funds, currently valued at about $378 million. The Bitcoin, originally worth about $56 million…
Este artículo también está disponible en español. After weeks of massive volatility, Bitcoin faces heightened risk after failing to break above a key resistance level of around $64,000. Following the Federal Reserve’s decision to cut interest rates, many investors and traders anticipated a full-blown rally throughout October. However, it appears that the expected surge may…
The U.S. Supreme Court declined to hear a case over 69,370 Bitcoin seized from Silk Road, clearing the way for the government to sell it. Battle Born Investments had claimed rights to the Bitcoin but lost in lower courts, with the Supreme Court’s refusal marking the end of the legal fight. The United States Supreme…