Author: Crypto News Live
In a scene from the 2018 Malaysian film KL Special Force, a police officer questions a man who’s been the target of a crime syndicate. The man then opens a suitcase to reveal what the syndicate’s been after. Instead of piles of cash, as one might expect, however, it contains only a small metallic device. The man goes on to explain that he sold all his stocks, used the money to buy Bitcoin, and stored it in a hard disk. Cue exclamations of surprise and confusion about what Bitcoin was. The film was just one of many to feature crypto…
Summary: MicroStrategy added to its massive Bitcoin coffers with a $347 million purchase.The company bought an additional 12,333 BTC at an average price of $28,136 per coin, Founder and Chairman Michael Saylor shared.MicroStrategy now owns 152,333 Bitcoins worth approximately $4.6 billion, further solidifying the company as the largest corporate holder of BTC. MicroStrategy added to its BTC holdings after spending $347 million in cash buying 12,333 Bitcoins between April 29 and June 27, a filing with the U.S Securities and Exchange Commission shared on Wednesday showed. The company added to its latest BTC holdings at an average price of $28,136…
The world of virtual real estate is experiencing significant turbulence as metaverse land prices plummet over the past year. This contrasts with the soaring values last seen during the NFT bull market. Metaverse land prices are experiencing a significant decline due to several factors. Firstly, the exuberant prices during the NFT bull market created an unsustainable bubble, leading to an eventual correction in the market. Additionally, the oversaturation of virtual real estate projects has diluted demand, resulting in increased competition and lower prices. Moreover, the initial hype surrounding metaverse land has subsided, causing investor interest to wane. Lastly, the volatile…
Innovation is often the result of audacity and imagination. It was in this spirit that Adidas made its first jump into Web3 in 2021 with Into the Metaverse NFT drop— a collaboration between Bored Ape Yacht Club founders Gordon Goner and Gargamel, Pixel Vault founder GFunk and influential collector gmoney — to welcome Adidas Originals to the virtual world. Since then, the brand has continued to grow and adapt, showcasing that a traditional web2 company can indeed compete effectively with Web3 natives. Formed in late 2022, Three Stripes Studio (TSS) is a unique unit within the iconic sportswear brand focused on the conception and execution of…
Chiru Labs, the creator of the Azuki non-fungible token (NFT) collection, is facing backlash from the community due to the release of Elementals. Chiru Labs released Azuki Elementals on Tuesday, but they are almost copycats of the original Azuki NFTs. The Azuki Elemental pre-sale received huge community anticipation, but as the artwork was revealed, the community found it too similar to the original Azuki collection. Floor Price of Azuki NFTs Crashed 28% After Elementals Release The community has unleashed its wrath, with economist Alex Krüger lashing out on Twitter: “The Azuki team made $40 million by launching Azuki Elementals and…
Bitfinex has launched a peer-to-peer exchange servicing clients in Argentina, Venezuela and Colombia, the company said in a statement. Users can buy and sell bitcoin, ether, USDT, EURT and Tether Gold. “By offering a reliable and efficient platform for P2P token trading, we are empowering our customers to engage with the marketplace in a way that affords maximum convenience based on their needs and preferences,” Bitfinex CTO Paolo Ardoino said in the statement. The move could help fill a hole left by the closures of P2P exchanges LocalBitcoin in February and Paxful in April.© 2023 The Block Crypto, Inc. All…
Key highlights:The total cryptocurrency market cap increased from $ 1.19T to $ 1.19T in the past 24 hours, representing a 0.19% changeThe Bitcoin price at press time is $ 30,453 after growing by 0.44% in the last 24 hoursThe total crypto trading volume increased by 0.19% in the past 24 hours, and is currently at $ 248.29BAll prices and changes are presented at the time of publication: June 28, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.19T after a 0.19% increase on the day. The total crypto trading volume increased by 0.19% in the same time frame.Bitcoin is trading at…
Is artificial intelligence (AI) cursed? It seems to be accelerating us toward a dystopia that humanity isn’t ready for.It’s true that AI has had positive effects for some people. Twitter hustlers have an endless stream of new AI tools, giving them endless content about useless ChatGPT prompts that they can use to compile threads for shilling their newsletters. More significantly, AI has helped to streamline information — and is being used to detect cancer in some cases.However, many have chosen to use AI to create content — and sometimes whole businesses — centered on ththings that sci-fi warned us about.Murdered…
The inverse relationship meant that when the price of BTC would rally, the bullion market would decline and vice versa. BTC has also shown increased decoupling from tech stocks. The world’s largest crypto asset by market cap, Bitcoin [BTC], has shown increased decoupling from the major asset classes of the TradFi realm over the last few months. As per a tweet by on-chain analytics firm Glassnode dated 27 June, its 30-day correlation with precious metals like Gold [XAU] and Silver [XAG] tumbled to -0.78 and -0.9 respectively. Source: Glassnode How much are 1,10,100 BTCs worth today? The inverse relationship meant that…
MicroStrategy has increased its Bitcoin (BTC) holdings by 12,333 BTC, worth around $372 million at current prices, a June 28 filing with the U.S. Securities and Exchange Commission shows. MicroStrategy’s pool of BTC has ballooned to 152,333 BTC as of June 27. According to CEO Michael Saylor, the largest corporate holder of Bitcoin paid an average of $29,668 per Bitcoin. Therefore, MicroStrategy paid a total of $4.52 billion for its entire BTC stash, Saylor noted. At current prices, MicroStrategy’s BTC holdings are worth around $4.6 billion, indicating that the firm is slightly in profit. The move comes a few weeks…
