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In a presentation at the annual MicroStrategy World conference in Las Vegas, MicroStrategy co-founder and executive chairman Michael Saylor announced the open source MicroStrategy Orange Decentralized Identity protocol. “Michael presented a very compelling case for why we need and have introduced decentralized identities,” Cezary Raczko, MicroStrategy executive vice president of engineering, told the audience. Ta. “He made an even more compelling case for why it makes sense to digitally anchor his identity on the Bitcoin blockchain, protected by the strength and security of the Bitcoin network.” In parallel with this announcement, MicroStrategy has published an unofficial draft of the MicroStrategy…
Along with Sam Bankman Freed and Chao Changpeng, Roger Ver is also under surveillance by the US government. The diverse reactions within the crypto community highlight the industry's complexities amid legal action. 2024 is proving to be a golden age for cryptocurrencies, with exponential growth for this asset class coinciding with a surge in crypto voters. Notably, a significant portion of this surge in cryptocurrency adoption occurred after the 2020 presidential election. After Biden’s election, there was an unprecedented wave of retail adoption in the crypto industry. However, as the 2024 US elections approach, unexpected developments are occurring. The US…
Bitcoin is on fire and, as usual, stocks adjacent to Bitcoin are falling along with it.Nothing is more correlated than Bitcoin MicroStrategy (NASDAQ:MSTR) The stock price has fallen in recent trading. The company, led by Bitcoin evangelist Michael Saylor, is famous for holding vast amounts of Bitcoin. That said, the collapse in sympathy for BTC aside, MSTR stock is underperforming for a more company-specific reason: a weak first-quarter report. The company reported revenue of $115.25 million, down 5.2% year-over-year and $6.13 million below public attention. Ultimately, the company posted a loss of $3.09 per share in the first quarter, which…
The Build on Bitcoin (BOB) project on Wednesday announced the launch of the first phase to enable decentralized apps (dapps) to interact with the world's top blockchains. BOB mainnet is coming online with a total value locked (TVL) of $300 million, and over 40 dapps are already available, the team said. Said He took to Twitter to proclaim a “Bitcoin-led DeFi summer,” with more to come in the next three weeks. Building on Bitcoin combines Bitcoin's global adoption, liquidity, and proof-of-work security with Ethereum's decentralized finance (DeFi) capabilities (smart contracts, wallets, and access to stablecoins). . In March, Bitcoin DeFi…
The Dallas Mavericks probably haven't made plans for their summer vacation yet.The Mavericks' season could end as early as Friday night, as they are tied 2-2 in the first round of their Western Conference playoff series against the Clippers. In that case, Dallas players might actually appreciate what's on the billboard near Crypto.com Arena for Wednesday night's Game 5.But probably not.The LA Live ad was placed by global travel company Skyscanner in a building at 1011 S. Figueroa Street, across Chick Hahn Court from the Clippers' current home base.In large letters it says “From Dallas to Cancun.” Beneath it, in…
Coinbase, America's largest cryptocurrency exchange, has added support for the Lightning Network to its platform to enable faster and cheaper payments. According to a blog post, Coinbase's Lightning Network integration will reduce the cost of sending Bitcoin (BTC) around the world compared to the 2% charged on U.S. credit card transactions and the $30 paid on wire transfers. It is reduced by a factor of 20. Coinbase integrates Lightning Network Coinbase's Lightning Network integration was led by Lightspark, a lightning infrastructure provider led by David Marcus, co-founder of payments giant PayPal. Earlier this month, the cryptocurrency exchange announced plans to…
bit bonusMIAMI, Fla., May 1, 2024 (Globe Newswire) — BitBonus emerges as a groundbreaking addition to the cryptocurrency space, offering investors a unique opportunity to participate in a project with unparalleled potential. provided to you. BitBonus is poised to redefine the decentralized finance landscape by adopting a unique 4% tax regime, prioritizing holder rewards, and driving strategic marketing efforts.Benefits of BitBonus:At the core of BitBonus is a 4% tax mechanism, with 2% of every transaction distributed to BTC holders, fostering a culture of passive income generation. The remaining 2% will be allocated to a marketing wallet to ensure continued growth…
As the crypto market anticipates the next Bitcoin (BTC) halving, a significant event intended to reduce block rewards and potentially increase the coin's price, some people are focusing on It's changing. Attention has turned to promising altcoins like Ethereum (ETH) and innovative algotoken Option2Trade (O2T), emerging as potentially more attractive assets in an evolving market environment. Understanding Bitcoin Halving Dynamics Historically, Bitcoin (BTC) halvings have been viewed as bullish events where supply decreases and scarcity drives prices higher. However, as the cryptocurrency market matures, the effectiveness and impact of halving has come under scrutiny. Given the increasing sophistication of the…
The wild fluctuations in the price of cryptocurrencies provoke endless speculation, and the current master is Benjamin Cowen. The ITC Crypto founder and crypto analyst has made some convincing predictions about Ethereum, the world's second-largest cryptocurrency. He believes it is possible for the currency to depreciate, but only under certain conditions. Cowen traced his recent predictions with a comprehensive analysis of the Ethereum to Bitcoin price ratio, predicting a golden age when the ratio would reach its lowest point in this market cycle. Through his observations of market trends, he deciphered haunting similarities between the current market ups and downs…
As the debate over Bitcoin and Ethereum mounts, fear reigns in the crypto market and traders are at a crossroads. Santimento data It reveals a stark contrast, with Bitcoin and Ethereum dominating the discussion while other assets are left in the digital dust. Today, Bitcoin fell to $59,000 and Ethereum to $29,000, sparking concern among traders who fear it's a sign of worse things to come. But out of the chaos comes opportunity for some contrarian traders who see this drop in prices as a golden opportunity to buy low. And already we are seeing some small relief measures that…