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In a recent interview with Bernstein analysts, MicroStrategy co-founder and executive chairman Michael Saylor spoke about the company’s ambitious vision to become the world’s leading Bitcoin bank, as reported by The Block. revealed. Since 2020, MicroStrategy has been actively acquiring Bitcoin using debt and equity to maximize profits. As of September 2024, the company holds 252,220 BTC, worth over $15 billion, making it the world’s largest Bitcoin holder. With a total acquisition cost of approximately $9.9 billion and debt of $4 billion, MicroStrategy owns approximately 1.2% of the total Bitcoin supply. MicroStrategy acquired 7,420 BTC at approximately $61,750 each for…
Last week, Benzinga looked at the outlook for stocks that are popular with many investors. Here are some of the top articles. This week, the S&P 500 and Dow Jones Industrial Average hit record highs, helped by a strong start to the third-quarter earnings season. The S&P 500 and Nasdaq each rose 1.1%, and the Dow rose 1.2%, marking the fifth consecutive week of gains for these major indexes. Despite better-than-expected consumer and producer inflation reports in September, interest rate expectations remained largely unchanged, with traders still expecting a rate cut in November. Meanwhile, despite last week’s strong gains, Chinese…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Analysts are investigating promising tokens to rise to stardom, focusing on some digital coins that could rival Bitcoin’s success. Illustration of earning Bitcoin for the price of a cup of coffee. Analysts today are looking at several digital coins and suggesting that they have the potential to match Bitcoin’s stellar success. In this article, we dive into which promising tokens reflect Bitcoin’s path to stardom and why they’re gaining attention right now. Discover who could be the next big…
The top two companies with the most funding this week were Ithaca and Delta, according to the data. Cryptocurrency VC funding has increased in number and volume this week after last week’s modest funding. This is similar to the overall trend at the beginning of 2024, where VC crypto funding has surged and maintained throughout the year. According to Crypto Koryo data, the total investment amount and number of investments have sharply increased compared to the fourth quarter of 2023. Crypto.news has compiled crypto fundraising data from October 6th to October 12th. Here’s this week’s top crypto VC funding data:…
16:10 ▪ 3 min read ▪ Written by Evans S. Innovations in artificial intelligence continue to be amazing, but not all of them serve noble intentions. In October of this year, cybersecurity firm Cato Networks released an AI tool named ProKYC designed to bypass know-your-customer (KYC) security measures at crypto exchanges. This tool opens the door to new forms of fraud at the expense of the platform and users. While this phenomenon remains difficult to detect, it could change the way cryptocurrency exchanges approach security. ProKYC: When AI creates virtual identities in a few clicks The cryptocurrency market has always…
Despite the dominance of leading cryptocurrencies, one former Ripple executive recently explained why he believes XRP is better than Bitcoin. Specifically, Matt Hamilton, former director of developer relations at RippleX, discussed the aspects that make XRP superior when compared to the much more popular BTC.This year has been a significant year for cryptocurrencies, largely due to Bitcoin’s continued rise. However, there are many in the industry who believe that this asset may not fare as well when compared to its technical equivalents. The question is, is XRP really better than the industry leader?Also read: Ripple: Can you turn $1000 worth…
If the XRP ETF product scoops around 50% of the Bitcoin ETF’s total inflows after approval, the XRP price will reach levels last witnessed six years ago. XRP ETF product launch plans are dominating discussions within the XRP community. This is primarily due to the potential that such products have in terms of driving XRP price movements. XRP ETF could inject more capital In particular, exchange-traded funds (ETFs) can attract more funds to the XRP market, especially from institutional investors. The market has observed this trend with Bitcoin as well, with over $17 billion of capital inflows observed to date…
We recently compiled a list of the 10 most promising growth stocks by hedge funds. In this article, we’ll take a look at how Tesla Inc. (NASDAQ:TSLA) stands compared to some of the other most promising growth stocks from hedge funds.Bull market and investor psychologyInvestors were worried about the start of a bull market, and the S&P 500 confirmed that earlier this year. The bull market continued to push markets to new all-time highs, supporting overall sales and profit growth.Going further, the upward momentum appears to have peaked, with market indexes hitting record highs. It was widely expected that stock…
In some ways, Advanced Micro Devices (NASDAQ: AMD) is starting to look like a competitor to Nvidia in the artificial intelligence (AI) accelerator market. While most people recognize Nvidia as the dominant player in this market, AMD surprised some by winning the contract from Oracle.Yet, despite all these accolades, AMD has barely made a profit and its revenue growth remains in the single digits. And despite the deal with Oracle, AMD has yet to join Nvidia’s ranks when it comes to AI accelerators.Nevertheless, one metric for AMD showed a dramatic improvement. As this number continues to grow, the semiconductor stock…
Bitcoin (BTC) and the broader crypto market are once again surging above 3% on the back of China’s strong economic stimulus. BTC price increased by 3.16% and was trading at the $62,700 level, giving it a market capitalization of $1,239 trillion. Earlier today, China raised its debt ceiling to stimulate the economy, bringing more liquidity into the market. Bitcoin and altcoins rise with strong reversal After falling below $60,000 earlier this week on the back of rising US CPI data, Bitcoin prices have made a strong recovery and soared to $63,000. However, despite the current volatility, Bitcoin whales continue to…