Author: cointechies
U.Today – There's an interesting development happening at Amazon (NASDAQ:) right now. Some of the company's shareholders have come forward with a suggestion that the e-commerce giant should set up a reserve fund for (BTC). The proposal, submitted by the National Center for Public Policy Research, suggests that at least 5% of Amazon's total net assets of $585 billion would be allocated to Bitcoin. It currently holds $88 billion in cash and securities, and shareholders say these holdings are vulnerable to inflation and currency devaluation. They urge the company to explore alternative strategies to maintain and increase shareholder value. This…
Today – Samson Mo, a prominent proponent and CEO of BTC-focused company JAN3, addresses the cryptocurrency community with a Bitcoin price prediction that could soon change everything. The bullish warning comes after the world's leading cryptocurrency fell 3.09% today, dropping from above $100,000. As of this writing, this pioneer cryptocurrency is trading at $98,670. Moe tweeted that he expects Bitcoin to trade below $100,000 in a very short period of time, with traditional Bitcoin maximums and a bullish attitude. Therefore, there is still an opportunity to buy BTC for “less than $100,000,” he said. “But it won't last long,” he…
Denpasar, Bali / Indonesia, December 9, 2024, Chainwire Mandala Chain, an L1 focused on connecting governments, businesses, and retail in emerging markets, announced the successful completion of a pre-seed funding round, raising $1 million. The round was led by Harbor Industrial Capital, with additional participation from O-DE Capital, NLS Ventures, and strategic ecosystem partners. This milestone marks a pivotal moment in Mandala Chain's journey to bring the next 100 million users to Web3 by focusing on innovative blockchain infrastructure and addressing real-world challenges in emerging markets. Indicates a step. said Mathew Paul, CEO of Mandala Chain Foundation. “We are deeply…
U.S. can become a crypto superpower with ‘sensible’ regulation, Eric Trump says CNBC
U.S. can become a crypto superpower with ‘sensible’ regulation, Eric Trump says CNBC
BNB price hovered around $720 on Monday, down from its all-time high of $794 on Dec. 4, giving it a market capitalization of more than $100 billion. Binance handled 36% of global crypto market trading volume, or $986 billion, in November as the market rebounded following Trump's reelection. Binance has further reduced trading volume in December by $350 billion so far, and BNB price volatility has increased sharply. BNB hit a record high of $794 on Dec. 4, passing the $100 billion market cap milestone before consolidating around $720 on Monday. Trends in market activity suggest that BNB could be…
XRP’s upward momentum took a hit as the price failed to regain its previous high of $2.9, triggering a fresh decline and the price falling towards the previous support level. This rejection raises questions about the strength of the bulls and whether they can regain control to push prices back to higher levels. Bearish development on 4-hour time frame With bearish pressure mounting, the focus has shifted to key support zones and whether the bulls can hold firm against the downside move and prevent a major correction in XRP. On the 4-hour chart, XRP is showing negative sentiment and is…
Given the recent surge in U.Today – there is ongoing debate about whether the market has entered a supercycle. Economist Alex Kruger argues that this cycle is unique, pointing to a revolutionary shift in the way the crypto sector is viewed and integrated into the international system. Bitcoin’s consistent growth trajectory and recent breakthrough of $100,000, solidifying its position as the market leader, lends credence to this opinion. This trend shows a clear breakout from the previous descending channel, seen on the Bitcoin chart below. Bitcoin has been steadily rising over the past few months and is currently consolidating between…
Important points MicroStrategy acquired 21,550 Bitcoins for $2.1 billion, increasing its total holdings to 423,650 BTC. The company raised money through a stock sale to fund its ongoing Bitcoin purchases. Share this article MicroStrategy, the world's largest corporate Bitcoin holder, announced on Monday that it has added 21,550 BTC worth approximately $2.1 billion to its portfolio. The acquisition, which took place between December 2nd and December 8th, brings total Bitcoin holdings to 423,650 BTC, equivalent to approximately $42 billion at current market prices. MicroStrategy acquired 21,550 BTC for approximately $2.1 billion at approximately $98,783 each #bitcoin And it achieved a…
Binance CEO on Trump, Crypto Regulation Bloomberg