The cryptocurrency Market has surged, reaching over $3.7 trillion, largely due to Bitcoin hitting an all-time high of $106,488.25. Despite Bitcoin’s impressive performance, certain Ethereum tokens are outshining it with gains exceeding 120% this month. Notable players include Virtuals Protocol, which has seen a remarkable 381% monthly increase, alongside tokens like Minotaurus, Ethereum Name Service, ...
MicroStrategy has recently expanded its Bitcoin reserves by purchasing 15,350 BTC for approximately $1.5 billion, bringing its total holdings to 439,000 BTC worth around $45.6 billion. This latest acquisition, made between December 9 and 15 at an average price of about $100,386 per BTC, underlines the company’s commitment to Bitcoin investment. Founder Michael Saylor noted ...
MicroStrategy, a leading corporate investor in Bitcoin, recently acquired 15,350 BTC for about $1.5 billion, raising its total holdings to 439,000 BTC valued at approximately $45.6 billion. The purchase, made between December 9 and 15 at an average price of $100,386 per Bitcoin, is part of the company’s aggressive investment strategy led by founder Michael ...
The cryptocurrency Market is experiencing significant change, fueled by increasing interest from institutional investors, particularly in Bitcoin and Ethereum. BlackRock is leading the charge by developing dedicated financial products, with their Bitcoin fund, IBIT, surpassing $54 billion in assets under management, and their Ethereum fund, ETHA, nearing $4 billion. This indicates a vast, untapped demand ...
Japan is moving forward in its Web3 journey with significant developments in cryptocurrency accounting. The Financial Accounting Standards Board (FASB) has introduced a Fair Value accounting rule for crypto, effective December 15, 2024. This new standard mandates that companies measure their cryptocurrency holdings at fair value, updating these valuations each reporting period. This change will ...
The Financial Accounting Standards Board (FASB) has introduced a new Fair Value accounting rule for cryptocurrencies, set to take effect on December 15, 2024. This rule requires companies to measure their cryptocurrency holdings like Bitcoin and Ethereum at their fair Market value in each reporting period, thus reflecting any gains or losses. Previously, cryptocurrencies were ...
As 2024 begins, Donald Trump’s presidency points towards a more bitcoin-friendly approach, potentially encouraging state governments to embrace cryptocurrency investments. Supporters view bitcoin as a valuable hedge against inflation, similar to gold, while critics caution that investing in crypto is highly speculative and carries significant risks. Currently, only a few public pension funds have ventured ...
Experts are optimistic about gold’s performance in 2025, following a strong year in 2024, with predictions of prices potentially reaching $2,700. However, Michael Saylor, co-founder of MicroStrategy, advocates for the U.S. to replace gold with Bitcoin as a reserve asset. He believes this shift could enhance U.S. economic leadership and capitalize on Bitcoin’s growth potential. ...
Analysts foresee a strong 2025 for gold, following its best yearly performance in over a decade in 2024. The World Gold Council suggests that gold may remain stable unless interest rates drop or geopolitical tensions escalate. Meanwhile, Michael Saylor, co-founder of MicroStrategy, argues for a shift away from gold to Bitcoin as the U.S. reserve ...
Bitcoin is experiencing a remarkable year in 2024, having surged 130% and recently reaching $100,000. This rally stands out from previous ones due to the introduction of spot Bitcoin exchange-traded funds (ETFs), which have drawn significant investor interest, amassing tens of billions in assets. Additionally, the incoming Trump administration’s pro-crypto policies, including plans for a ...
