Author: admin-crypto

MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1 By Nelson Wang The software firm owns 129,218 bitcoins valued at just under $5 billion. MicroStrategy (MSTR) took a non-cash digital asset impairment charge of $170.1 million in the first quarter, up from $146.6 million in the fourth quarter, according to its latest earnings report. The company also announced Andrew Kang will take over from Phong Le as chief financial officer, effective on or about May 9, after which Le will continue in his role as MicroStrategy’s president. Kang was previously the CFO of tech company Greensky Inc. The digital asset impairment…

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Elon Musk Wants To Authenticate Every Twitter User. Crypto Twitter Should Take Notice By Nikhilesh De Twitter’s soon-to-be owner says he wants to “authenticate” all humans, but did not say what that actually means. While you may be thinking “Oh great, another newsletter gushing about Elon Musk’s mega-pact to buy Twitter,” that’s not where I’m going here. Instead, there’s much to unpack in the deal in terms of privacy, free speech and regulations. Of course, this assumes the deal actually goes through. Funding secured (really!) The narrative Tesla (TSLA) CEO, SpaceX founder and Boring Company creator Elon Musk has come…

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Twitter Accepts Elon Musk’s $54.20-a-Share Buyout Offer By Oliver Knight Upon completion of the transaction, Twitter will become a privately held company. Twitter (TWTR) has accepted a $54.20-a-share buyout offer from Tesla CEO Elon Musk, valuing the social media company at about $44 billion in cash, according to a press release. Once the deal is completed, Twitter will become a privately held company. – “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement. “I also want to make Twitter…

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First Mover Asia: Bitcoin Minnows Have Pushed the Whales to the Side; Bictoin, Ether Steady By Sam Reynolds, Damanick Dantes, Bradley Keoun Bitcoin (BTC) briefly touched a five-week low around $38,547 early Monday, then bounced and ended the trading day higher. Prices: Bitcoin dipped to a five-week low around $38,547 early Monday before bouncing back up above $40,000 later in the day. Insights: The size of the main swimmers in the crypto sea has changed. Technician’s take: BTC appears to be oversold on intraday charts. Prices Bitcoin (BTC): $40,818 +1.3% Ether (ETH): $3,040 -1% Top Gainers Asset Ticker Returns Sector Polygon MATIC +3.2%…

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‘Sociopathic Grandpa From Omaha’ Is Bitcoin’s Enemy No. 1 – Tech Guru By RT News PayPal co-founder Peter Thiel calls Warren Buffett, Jamie Dimon and Larry Fink enemies of crypto PayPal co-founder and billionaire venture capitalist Peter Thiel has accused some of the most prominent American financial figures of trying to lock cryptocurrencies out of the mainstream. Speaking at the Bitcoin 2022 conference in Miami Beach on Thursday, Thiel said that Berkshire Hathaway’s Warren Buffett was “enemy number one.” He described the investment icon as a “sociopathic grandpa from Omaha.” Next up on the crypto-unfriendly list are JPMorgan chief executive Jamie Dimon and…

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First Mover Asia: DBS Bank’s Ditching Retail Exchange Delivers a Small Blow to OSL, Less So to Singapore’s Crypto Industry; Bitcoin Rises Late Sunday By Sam Reynolds, Damanick Dantes, James Rubin Even after the news broke, the stock of OSL’s parent, BC Technology Group, continued its week-long winning streak on the Hong Kong markets, rising 5%; bitcoin and ether are up. Prices: Bitcoin and other major cryptos dipped early over the weekend but regained ground and were up late Sunday. Insights: DBS Bank’s decision to abandon its retail crypto plans did not affect the stock price of OSL parent BC Technology Group,…

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Hackers Steal Over $600 Million in Major Crypto Heist By AFP Hackers stole cryptocurrency worth over $600 million from a digital ledger used by players of the popular online game Axie Infinity, in a major digital cash heist revealed Tuesday. Interest in cyptocurrency has boomed, along with its values, but the money has also become an attractive target for tech savvy thieves. Ronin Network said the attack targeting its blockchain netted 173,600 ether and $25.5 million worth of stablecoin, a digital asset pegged to the US dollar. The haul was valued at $545 million when it was stolen on March 23, but…

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World’s Largest Hedge Fund Invests in Crypto – Report By RT News Ray Dalio’s Bridgewater Associates is reportedly preparing to back its first cryptocurrency fund. Bridgewater Associates, the world’s largest hedge fund with $150 billion in assets, is planning to invest in crypto assets for the first time, CoinDesk reported on Tuesday, citing its sources. Two insiders told the media that Ray Dalio’s company is considering backing an external vehicle that is linked to the price of Bitcoin, while another source said Bridgewater Associates has no current intention of directly investing in crypto assets. Bitcoin broke through the $42,000 mark…

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Jack Dorsey, Block and the Perils of Making Crypto User-Friendly – Opinion By David Z Morris Everyone seems to agree that crypto needs to improve its user experience. But at what cost? Last July, payments startup/giant (can you be both?) Square announced that it would be developing a hardware cryptocurrency wallet. The prospect of a wallet designed by the same folks who build the world’s fastest-growing point-of-sale technology promised exciting advances in ease of use and adoption. And that was months before Jack Dorsey flipped the tech world table by resigning from Twitter to focus on Square (now Block) full time,…

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First Mover Asia: Malaysia May Be Asia’s Next Crypto Hub; Major Cryptos Decline As Russia Onslaught Intensifies By Sam Reynolds, Damanick Dantes, James Rubin The country, where CoinGecko was founded, retains the institutional use of English as well as a common-law court system; bitcoin declined for the third day. Prices: Bitcoin (BTC), ether (ETH) and other major cryptos decline. Insights: Malaysia has the ingredients to become Asia’s next crypto hub. Technician’s take: BTC appears to be oversold on intraday charts, although momentum has weakened. Prices Bitcoin (BTC): $38,311 .2% Ether (ETH): $2,510 -1.7% Top Gainers Asset Ticker Returns Sector Cosmos ATOM +1.8% Smart Contract…

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