Bybit closes down additional Web3 services following NFT marketplace shutdown

Bybit Halts Operations of Four Additional Services Following Closure of NFT Exchange In the wake of the closure of its NFT exchange, Bybit has made the decision to shut down four more services. The popular crypto trading platform announced that it would be discontinuing these services to focus on other areas of its business. Bybit, [...]

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Hashdex Enhances S-1 Filing for Crypto Index ETF with Addition of Seven Altcoins

Hashdex, a Brazilian asset manager, has made changes to its S1 Crypto Index ETF, adding seven new altcoins to the portfolio. This move aims to provide investors with more diversified exposure to the cryptocurrency market. The seven new altcoins included in the ETF are Aave (AAVE), Compound (COMP), Curve (CRV), Maker (MKR), SushiSwap (SUSHI), Synthetix [...]

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MicroStrategy buys an additional 301 bitcoins, now holds 130,000 BTC

MicroStrategy (NASDAQ: MSTR) has added to its massive holdings with yet another haul, according to financial documents filed with US Securities and Exchange Commission (SEC) on 20 September 2022.

As far as cryptocurrency news go, this sums up a big thumbs up from one of the largest corporate holders of Bitcoin (BTC),

As per the filing and as confirmed by MicroStrategy Executive Chairman Michael Saylor, the publicly-traded business intelligence company has acquired an additional 301 BTC to bring its total holdings to approximately 130,000 bitcoins.

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I

The company announced that the new purchases occurred between 2 August 2022 and 19 September 2022. The firm forked about $6 million for the 301 bitcoins, accounting for an average price of roughly $19,851 per bitcoin. The purchase was paid for in cash, according to the SEC filing.

As of 19 September, MicroStrategy had purchased bitcoins at an aggregate price of $3.98 billion, bringing the company’s average purchase price to around $30,639. These costs are inclusive of fees and other expenses.

Michael Saylor is one of Bitcoin’s most prominent supporters and has maintained his bullish stance for the asset class since the firm first purchased BTC in 2020. Recently, as reported by Invezz, he stepped down from the company’s CEO post in what he said was a move that would allow him to better focus on its Bitcoin strategy.

This weekend, as Bitcoin struggled with bearish pressure, he took to Twitter to highlight how the crypto asset has performed since 2020 compared to other asset classes. In his tweet, he shows that BTC has outperformed most other assets, including the S&P 500, gold and bonds.

Since @MicroStrategy adopted the #Bitcoin Standard:

MSTR +67%, BTC +65%, GOOG +39%, AAPL +34%, ORCL +25%, MSFT +18%, S&P 500 +15%, IBM +5%, NASDAQ +4%, GOLD -17%, BOND -18%, AMZN -22%, CRM -23%, SILVER -32%, META -44%, SAP -47%, NFLX -50%

The post MicroStrategy buys an additional 301 bitcoins, now holds 130,000 BTC appeared first on Invezz.

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Crypto Flipsider News – Bitcoin Falls to $35k, Altcoins Extend Losses; Terra Buys Additional $1.5 Billion in BTC; Argentina Bans Lenders from Offering Crypto; Decentralized Twitter Releases First Code; Cardano’s TVL at $19 Billion

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Continue reading Crypto Flipsider News – Bitcoin Falls to $35k, Altcoins Extend Losses; Terra Buys Additional $1.5 Billion in BTC; Argentina Bans Lenders from Offering Crypto; Decentralized Twitter Releases First Code; Cardano’s TVL at $19 Billion at DailyCoin.com.

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SEC requests additional 28 days to address Coinbases appeal

Recently, renowned cryptocurrency platform Coinbase is embroiled in a legal battle with the US Securities and Exchange Commission (SEC). The SEC has requested an extension for the lawsuit against Coinbase, seeking more time to gather evidence and build their case. This development comes amidst a growing regulatory scrutiny on the cryptocurrency industry as a whole. [...]

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BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days

Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently [...]

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Trumps World Liberty Financial Acquires Additional $10 Million in ETH

In a bold move, Trump World Liberty Financial has acquired additional Ethereum (ETH) tokens, demonstrating a growing interest in the cryptocurrency market. The purchase comes at a time when digital assets are gaining popularity, with Ethereum being a top choice for many investors. The decision by Trump World Liberty Financial to increase their ETH holdings [...]

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Grayscale Adds Lido’s LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund’s Basket

On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund. Although no new tokens were added to two of the funds, Grayscale revealed that it added Lido DAO’s native cryptocurrency and governance token

The post Grayscale Adds Lido’s LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund’s Basket appeared first on BTC Ethereum Crypto Currency Blog.

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