Author name: Peter

MicroStrategy’s Michael Saylor’s Buyout Offer to Shareholders Preceded Bitcoin Purchase

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Michael Saylor encountered challenges before successfully incorporating Bitcoin into MicroStrategy's balance sheet in 2020. During the 2024 Abundance360 Summit, Saylor disclosed his offer to buy out MicroStrategy shareholders through a Dutch action when they initially aimed to acquire $250 million worth of Bitcoin. Saylor's Offer to Shareholders At the recent summit, Saylor shared how he […]

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Alchemy Pay Partners with Worldpay to Enhance Crypto Payment Experience

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Alchemy Pay, the leading fiat-crypto payment gateway, has recently announced its partnership with Worldpay, a renowned payments processing firm. This collaboration aims to provide Alchemy Pay users with improved efficiency and customer experience when using their credit and debit cards for cryptocurrency trading. Accessing Worldpay’s Visa and Mastercard Payment Rails With the integration of Worldpay's

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The Nigerian Naira Hits Record Low Against the US Dollar: Central Bank Governor Expects Stabilization in 2024

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Record Low Exchange Rate On December 19, the official exchange rate of the Nigerian currency, the naira, reached a record low of 1,248 naira for every US dollar. However, it managed to recover slightly and closed the day at 845 naira per greenback. This depreciation almost matched the rates offered on the parallel market for

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Bitcoin Technical Analysis: BTC Price Reflects Market Equilibrium and Consolidation

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Bitcoin's current price is situated within a 24-hour range of $43,412 to $44,243, reflecting short-term volatility. The leading cryptocurrency has seen a 1.1% decrease over the past day, though it maintains a 2% increase over the week and an impressive 19.6% rise over the last 30 days. Presently, technical indicators provide insights into Bitcoin's market

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Bitmap Theory: Revolutionizing the Bitcoin Metaverse with a Valuation of $235 Million

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Introduction Bitmap Theory, a groundbreaking initiative launched in the summer of last year, is rapidly gaining traction in the digital space. Its primary objective is to integrate a metaverse, a digital realm, into the Bitcoin blockchain. Leveraging the innovative Ordinal inscription technology, Bitmap allows individuals to claim ownership of specific segments of the Bitcoin blockchain.

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Defi Witnesses Dramatic Recovery as TVL and Token Valuations Soar in 2023

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Introduction In April 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). However, by January 2023, this amount had declined to $38.30 billion. Despite this initial setback, both TVL and the market valuation of the leading defi tokens have shown significant growth over the past year. Growth in TVL As 2023

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SEC Chair Warns of Crypto Non-Compliance as Blackrock Plans BTC ETF Seed

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SEC Chairman Gary Gensler Highlights Crypto Non-Compliance The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings regarding cryptocurrency investments. He emphasized the prevalence of non-compliance in the crypto space, which undermines confidence and leaves many investors with no choice but to file for bankruptcy. Gensler's concerns arise as the market anticipates

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El Salvador’s Bold Move: Securing Bitcoin Reserves in Cold Storage

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Unveiling a Historic Decision On March 14, 2024, El Salvador's president-elect, Nayib Bukele, made a groundbreaking announcement that reverberated throughout the Bitcoin community. El Salvador confirmed the relocation of a significant portion of its Bitcoin holdings to a cold storage facility, securely housed within a vault within the country's borders. This strategic shift marks a

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