Michael Saylor talks about MicroStrategy’s growth and compares it to Nvidia

The founder of MicroStrategy published data on the growth of the company’s share price since August 2020. In the note, he emphasized that the organization managed to bypass Nvidia thanks to its Bitcoin-oriented course.

Since August 10, 2020, when MicroStrategy began investing in Bitcoin, the company’s shares have increased by 1,203%. The value of Nvidia Corporation securities, in turn, increased by 1050%.

MicroStrategy is the largest corporate HODLer of the first cryptocurrency. It controls 226,331 BTC. At the same time, the organization’s unrealized profit amounts to more than $14 billion.

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#BTC #MicroStrategy

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FTX and CFTC Reach $12.7 Billion Settlement Agreement

The bankrupt cryptocurrency exchange FTX and the Commodity Futures Trading Commission (CFTC) have reached a $12.7 billion settlement agreement after lengthy negotiations, according to The Block.

In 2022, the CFTC accused former FTX CEO Sam Bankman-Fried and his company Alameda Research of actions leading to $8 billion in customer losses. Initially, the commission sought $52.2 billion in compensation.

However, as part of the settlement, the CFTC agreed to drop its claims, provided FTX adheres to its reorganization plan. Consequently, the exchange will pay up to $12.7 billion to creditors depending on available funds.

The settlement includes $8.7 billion in…

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The EU AI Act: What’s Wrong with It?

Starting in August, the European Union will enforce the AI Act. Although the provisions will be integrated gradually, experts have already criticized it, calling it flawed.

The EU AI Act

On March 13, 2024, the European Parliament approved the core rules for regulating AI activities. European Parliament President Roberta Metsola called the law groundbreaking, stating it will foster innovation and protect fundamental rights.

On July 12, 2024, the document was published in the Official Journal of the EU and will come into force on August 1, 2024. The main provisions will be fully effective on August 2, 2026, with…

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Worldcoin — The Biggest Scam?

On-chain researcher ZachXBT called Worldcoin (WLD) the “biggest fraudulent token of the bull run.” He referred to a report published by DefiSquared that alleges manipulation by the project’s team.

At the time of writing, Worldcoin representatives have not responded to the accusations.

This statement came a few days before the insider unlock of WLD (July 24).

According to DefiSquared’s report, the available supply volume is only 2.7% — 276 million WLD out of a total volume of 10 billion. This is one of the lowest ratios for a major cryptocurrency project backed by venture funds, causing analysts to worry…

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Investor interest in meme coins remains high.

In the second quarter, meme tokens became the most popular sector in the cryptocurrency ecosystem, occupying 14.34% of the market, according to a report by CoinGecko experts.

Next are tokenized real-world assets (RWA) with a share of 11.3% and artificial intelligence with 10.09%.

Together, these three categories account for 35.7% of the market.

Meme tokens also lead in networks such as Solana and the L2 solution Base. These protocols dominate the blockchain segment, along with Ethereum and TON, which are in the top 15. Analysts also noted several other significant events from April to June.

Bitcoin: Price and Hashrate…

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What is a Digital Miner?

A digital miner is a non-fungible token (NFT) backed by real hashrate. Each NFT miner possesses a specific computational power (TH/s, terahashes per second) and energy efficiency (W/TH, watts per terahash). Owners of such miners receive daily rewards for mining Bitcoin and pay electricity costs.

Who Issues NFT Miners and How?

NFT miners are issued by GoMining (formerly GMT), a company operating since 2017 and managing nine data centers with a total capacity of over 350 MW. In 2021, the company introduced the concept of NFT miners in their white paper. GoMining’s partners include Binance Pool and Bitmain. The…

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Global Windows Outage and Thematic Meme Coin Explosion

Users have created dozens of new tokens dedicated to CrowdStrike and Microsoft’s “blue screen of death” (BSoD) amidst a global outage of the tech giant’s systems and services.

The issues with Windows hosts were caused by a defective update to CrowdStrike’s Falcon Sensor security product. The company’s CEO, George Kurtz, stated that the error was “identified, isolated, and fixed.”

However, the outage affected numerous organizations and enterprises worldwide, including airports, healthcare facilities, and media outlets. (The photo in the above post shows the famous “Sphere” in Las Vegas).

The incident sparked the launch of thematic meme coins. One of…

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Will the Launch of ETH-ETF Positively Affect the Market?

News about the launch of spot Ethereum-ETF on CBOE supported the market, with digital gold solidifying above the $66,000 mark.

On the evening of July 19, the cryptocurrency market began active growth. Bitcoin tested the $67,000 level but then corrected to $66,500, showing a 4.5% increase over the day.

Ethereum demonstrated less significant growth compared to Bitcoin, rising by 2.3% over 24 hours and trading around $3,500 at the time of writing.

Other top-10 assets by market capitalization also showed positive dynamics. XRP saw the largest increase of the day, rising by 8.2%.

According to Coinglass, the volume of…

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Global IT Outage and Bitcoin’s Surge Above $66,000

On Friday, the cryptocurrency market saw a resurgence as Bitcoin (BTC) hit its highest price in a month, despite a global IT outage. BTC surpassed the $66,000 mark at the start of U.S. trading, reaching a daily peak of $66,700, the highest since June 17. This increase was accompanied by significant trading volumes in BlackRock’s spot Bitcoin ETF (IBIT). At the time of publication, the largest cryptocurrency was trading around $66,500, up 4% over the last 24 hours.

Solana outperformed the broader CoinDesk 20 Index (CD20), which rose by 4.3%.

Earlier in the week, cryptocurrencies fell in tandem with…

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What is an IEO (Initial Exchange Offering) and How Does It Work?

IEO, or Initial Exchange Offering, is a fundraising method conducted through cryptocurrency exchanges. To understand IEO, it’s useful first to grasp the concept of ICO (Initial Coin Offering), which was a popular mechanism for financing blockchain startups. In an ICO, startups issue their tokens and sell them in exchange for Bitcoin (BTC) or Ether (ETH). Buyers can use these tokens on the startup’s platform or sell them later on exchanges for a profit.

Unlike an ICO, an IEO is conducted through cryptocurrency exchanges that act as intermediaries. This new strategy gained popularity following the success of IEO token sales…

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