Enterprise software firm MicroStrategy is sitting on over 100% gains on its Bitcoin (BTC) holdings as the value of the stash crosses the $24 billion mark. Michael Saylor’s MicroStrategy is currently holding 279,420 BTC worth $24.45 billion, according to Bitcoin Treasuries. Data shows that the firm’s average cost per Bitcoin stands at $42,692, translating to gains of close to 105%. Source: Bitcoin Treasuries Bitcoin is trading at $87,669 at time

Publicly traded company Coinbase has launched an equivalent of the crypto market’s S&P 500 Index. Dubbed Coinbase 50 (COIN50) Index, this new product represents the top 50 digital assets listed on its exchange that meet the index’s fundamental criteria for inclusion. The product marks the new strategy for Coinbase to boost its influence in the broader market. VanEck and COIN50 Index – What is Special? COIN50 is the result of

The popular crypto analyst PlanB says Bitcoin (BTC) is about to plunge into the steepest part of the S-curve, priming the flagship digital asset to spark massive gains. The pseudonymous trader tells his 2 million followers on the social media platform X that BTC is ready for flight after an exchange-traded fund (ETF) fakeout earlier this year. “Bitcoin is entering the vertical part of the S-curve (and S2F-curve) … probably

At the recent Devcon 2024 event, Ethereum Foundation researcher Justin Drake proposed a new consensus layer upgrade for the network. The new upgrade, dubbed as “Beam Chain” has also sparked discussions among the crypto market enthusiasts, especially as it comes amid a strong rally ETH price. Notably, this upgrade focuses on enhancing the Ethereum blockchain’s speed, scalability, and security. Ethereum Foundation’s Beam Chain Proposal Sparks Optimism During his Devcon 2024

Top executives at the venture capital giant Andreessen Horowitz (a16z) believe that the United States is now on the verge of embracing the crypto industry. In a new company blog post, a16zcrypto’s Miles Jennings, general counsel, Michele Korver, regulatory head, and Brian Quintenz, head of policy, say that the outcome of the November 5th US election is favorable for digital assets. “We’re very optimistic that the government will now foster

The crypto market is slowly returning to its full potential, where crypto trading is all about new gains and profits. In the last few days, the bulls have taken over the market. Even the user’s sentiments have turned greedy, explaining the increased trades and overall market bullishness. As a result, many crypto investors have made heavy profits, including this one who turned his $1.2M into $9.36M thanks to the market’s

An Ethereum (ETH) initial coin offering (ICO) participant woke up this weekend after nearly three years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the ICO participant deposited 1,555 ETH worth $4.86 million into the crypto exchange Coinbase on Sunday. The unknown address received 6,292 ETH during the 2014 ICO, costing $1,951 in total. Lookonchain says that same total is now worth more than $20.15 million, a staggering

An analyst with a history of spot-on crypto calls is outlining his bull market targets for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Pseudonymous analyst Bluntz tells his 287,800 followers on the social media platform X that Bitcoin will hit a bull market top at $150,000, Ethereum at $8,000 and Solana at $500. Looking closer at Bitcoin, the analyst believes that BTC is in the midst of a major wave-five

Bankrupt crypto exchange FTX is reportedly suing Binance and its former CEO Changpeng Zhao over alleged fraudulent transfers initiated by Sam Bankman-Fried. The estate of FTX, which collapsed in 2022 when Bankman-Fried mismanaged customer funds, is trying to retrieve $1.8 billion from Binance that it says was sent to Zhao in a stock repurchase deal, Bloomberg reports. Binance, Zhao and other executives from the exchange allegedly received the money from

Vitalik Buterin is outlining his vision for new crypto use cases pertaining to prediction markets following the rise of betting site Polymarket. In a new blog post, Buterin says that prediction markets are just one example of a “much larger incredibly powerful category,” which he dubs “info finance.” Says Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii)