Author: e_cash_top

—

by

[ad_1] Michael Saylor, executive chairman of MicroStrategy, said on Dec. 28 that his company will introduce a Lightning Network-based product in 2023. In a Twitter spaces conversation, Saylor said that MicroStrategy’s experience building mass-deployable plugins motivated the company to create a similar tool for the Lightning Network — a network that can process Bitcoin transactions…

FTX ex-CEO Sam Bankman-Fried likely to enter a plea on January 3, 2022

—

by

[ad_1] Sam Bankman-Fried is expected to enter a plea on January 3, 2022, to criminal charges, including conspiracy to commit money laundering and conspiracy to commit fraud on customers and lenders. The trial for the FTX founder is scheduled to begin on the afternoon of January 3, in Manhattan federal court, before U.S. District Judge…

Midas reveals $60M deficit, announces closure of operations

—

by

[ad_1] Crypto platform Midas Investment will shut operations because of the significant losses it incurred in 2022, according to a Dec. 27 statement. CEO Iakov “Trevor” Levin said the Midas DeFi Portfolio lost 20% of its $250 million ($50 million) in assets under management. Trevor added that users withdrew around 60% of its AUM following…

Solana slides again – token down 96% from ATHs

—

by

[ad_1] Solana took another sharp fall today, sinking below $10 for the first time since February 2021. Bulls stepped in at $9.66 in the early hours of Dec. 28 (GMT), leading to a recovery that topped out at $10.20. As of press time, SOL was hovering close to the psychological $10 level once more, at…

MicroStrategy just bought another 2,500 BTC

—

by

[ad_1] Business Intelligence firm MicroStrategy has purchased an additional 2,395 BTC between Nov. 1 and Dec. 21. Michael Saylor, the founder and CEO of MicroStrategy, announced the company’s purchase on Twitter for the second time this quarter. According to the company’s 8K filing with the SEC, the Bitcoins were purchased for approximately $42.8 million in…

Argo shares soar following $65M sale of mining facility to Galaxy digital

—

by

in Uncategorized

[ad_1] Struggling Bitcoin (BTC) miner Argo Blockchain sold its Helios mining facility in Texas to Galaxy Digital for $65 million and also got a $35 million loan from the company as part of the deal, according to a Dec. 28 statement. Following the news, Google Finance data shows that its London shares were up by…

Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%

—

by

[ad_1] Bitcoin’s (BTC) hash rate fell 13% on Dec. 27 to 202.17 EH/s from around 240 EH/s recorded on Dec. 26. It has since recovered to 234 EH/s, as of press time. Source: Glassnode The hashrate decline is expected to lead to a 7% to 10% drop in mining difficulty. BTC’s mining difficulty is near…

Bitcoin cumulative transfer volume exceeds $100 trillion milestone

—

by

in Uncategorized

[ad_1] Bitcoin’s cumulative transfer volume (CTV) exceeded $100 trillion in recent weeks, coming in at $105 trillion at present, according to Glassnode data. CTV refers to the accrued monetary value of transactions settled on a particular network. As a measure of activity, it can be used to gauge adoption and pinpoint adoption trends. Bitcoin cumulative…

Bitcoin shrimps have accumulated 60K BTC in the last 30 days

—

by

[ad_1] Bitcoin (BTC) shrimps aggressively accumulated Bitcoin in the last 30 days — adding a total of roughly 60,000 BTC to their portfolios, according to Glassnode data. Source: Glassnode Shrimps refer to wallets holding less than one Bitcoin. This group of retail investors has invested heavily in BTC throughout 2022. Their cumulative balance now sits…

Kraken to shutter operations in Japan by end of January 2023

—

by