Cryptocurrency

Aside from that, recently published on-chain data has revealed that MicroStrategy has transferred a large Bitcoin chunk to a new blockchain address.The “Bitcoin principles” shared by Saylor in that tweet are the following:1. Buying and holding Bitcoin indefinitely, exclusively, and securely.2. Prioritizing MSTR common stock long-term value creation.3. Treating all investors with respect, consistency, and transparency.4. Structuring MSTR to outperform Bitcoin via intelligent leverage.5. Acquiring Bitcoin continually, while achieving positive BTC yield.6. Growing rapidly and responsibly subject to market dynamics.7. Issuing innovative fixed income securities backed by BTC.8. Maintaining healthy, robust, and pristine balance sheet.9. Promoting global adoption of Bitcoin as a treasury reserve asset.This week, MicroStrategy announced a plan to raise a mind-boggling $42 billion over the next three years to buy an additional amount of Bitcoin. The company already holds approximately $18 billion worth of BTC—the fiat equivalent of 252,220 Bitcoins.The X post revealed that Saylor’s company transferred 1,652 BTC valued at $114.38 million. This is just a tiny part of the company’s overall crypto stash, which contains 252,220 Bitcoins. According to @lookonchain’s tweet, these coins were purchased at an average price of $39,266 per coin, with an unrealized profit of almost $8 billion.The world’s largest cryptocurrency Bitcoin is currently changing hands at $69,583 after demonstrating a 2.36% loss as it left the $71,000 high. Since Tuesday, when Bitcoin topped the $74,000 high, coming close to its March historic peak, it has declined by 5.56% overall.This article was originally published on U.Today More

He also elaborated on why he loves Bitcoin.For this reason, he says, he loves “Bitcoin and life”, since it takes money getting scarce and expensive to make “the price of life and the abundances of life” also high. And only for the wealthy people, he adds, but for everyone. Therefore, the entrepreneur explains, he supports “The Bitcoin Standard of life.”“I vote for “The Bitcoin Standard,” Kiyosaki concludes his message to the crypto community.The community responded eagerly to that tweet in the comments, sharing their excitement about “The Bitcoin Standard” and their support for it: “Live life the Bitcoin way.” “To the bitcoin standard!” “The Bitcoin Standard empowers the masses while the elite cling to their fading power.”Here he hinted at the Fed Reserve’s constant money printing over the past four years. In his multiple tweets since 2020, when the world got hit by the pandemic, Kiyosaki has been slamming the Fed and the US government for printing “fake” dollars not backed by anything. He endorsed Bitcoin as quite an opposite asset strictly limited to 21 million coins and also wrote about the halving before it took place in April this year as of a crucial event for BTC and its investors/users.This deflationary mechanism once again clicked on April 20 this year, making Bitcoin even more scarce as it slashed miner block rewards by half – from 6.25 BTC to 3.125 BTC.However, Kiyosaki said he would never buy a Bitcoin ETF, only BTC directly.This article was originally published on U.Today More

Looking at the daily chart, XRP has been trying to level off around the $0.51 support level, which is a crucial area to avoid more drops. If trading volume moves in the direction of buying pressure in the upcoming days, the candlestick pattern that is forming at this level may indicate a reversal. XRP may return to important resistance levels, with $0.54 and $0.56 as immediate targets in the event of a confirmed reversal. If XRP breaks above these levels, it may start to grow more strongly, but this depends on volume and buyer interest continuing to rise. Even with the positive candlestick pattern, there are more bearish than bullish contributions to the overall volume trend.This implies that although there might be some short-term upward movement, the general sentiment is not particularly favorable. The fact that there has not been much buying interest in XRP suggests that market players are still wary, and the asset may continue to be under pressure in the absence of large inflows.Any upward momentum could be fleeting, and without it, XRP could retest lower support levels. In addition to any prospective shifts in volume dynamics, traders will be closely monitoring XRP’s reaction around the current support. The question of whether Bitcoin can recover its bullish trend or if more consolidation is in store is raised by this recent pullback. According to a chart analysis, Bitcoin showed significant momentum at first, when it emerged from the downward channel that had held its price for several months. This breakout brought Bitcoin very near to its most recent highs, but the price fell as a result of the large volume spike that accompanied the upward move, which indicated increased profit-taking. The rejection around $72,000 might prove to be a significant short-term resistance level. Bitcoin may set the stage for a long-term rally if it can break through this barrier with sufficient volume. A few crucial levels should be monitored if bearish pressure persists. The first noteworthy support is located at $67,000, which is in line with the 50-day EMA and the previous breakout zone. Bitcoin might test the $64,000 mark, where there might be more buying interest if it breaks below this. For Bitcoin to gain momentum again, it must close above $70,000. Reaching this goal would indicate that buyers are taking back control and might trigger a rally back toward the resistance level of $72,000. As of right now, the price movement of Bitcoin indicates a cautious climate. Although it still has a bullish outlook for the long run, the short-term trend is more erratic right now, with buyers and sellers fighting for control near crucial levels. For investors to determine whether a stronger upward trend is likely in the upcoming weeks, they should keep a close eye on Bitcoin’s reaction at $67,000 and $64,000, as well as a possible reclaim of $70,000.This technical pattern indicates that ETH may recover in the near future, particularly as it gets closer to important channel support levels. According to the chart, Ethereum has been trading in a rising channel since the middle of 2023, and it is currently attempting to test the lower boundary of the channel. A recovery from this position might indicate that Ethereum is prepared to move once more in the direction of higher resistance levels. One of the most important levels for traders and investors to keep an eye on is the $2,500 support, which serves as a possible starting point for any upward momentum. The 50-day and 100-day EMAs converge at about $2,700, which is likely to be resistance for Ethereum if it is able to recover from this area.This article was originally published on U.Today More

Bitcoin historian Pete Rizzo highlighted this milestone in a tweet, writing, “Happy birthday to the iconic Bitcoin logo. 14 years ago today, an anon artist created one of the best brands of all time and released it for free. The rest is history.” Rizzo’s reflection highlights how the logo was gifted to the world, setting in motion a powerful brand that represents much more than just a currency.As reported, on Oct. 31, the Bitcoin community marked another milestone commemorating the 16th anniversary of the launch of the Bitcoin white paper. Satoshi Nakamoto published the Bitcoin white paper on Oct. 31, 2008. The earliest form of the logo was created by pseudonymous Bitcoin creator Satoshi Nakamoto himself shortly after the software’s inception and included a BC on a gold coin, possibly around January or March 2009.Fast forward to Feb. 24, 2010, and Satoshi has continued to try out the design. Over a year later, he revised his initial graphic, replacing the “BC” with “B” with two vertical strokes embedded within the gold coin.On Nov. 1, 2010, Bitcoin’s well-known logo, as well as its designer, appeared out of nowhere. With his initial post on Bitcoin Talk, an anonymous user going by the name “bitboy” would change Bitcoin’s visual representation forever. The designer replaced the gold coin with a distinctive orange circle and turned the “₿” logo 14% clockwise.This design has served as the official logo for Bitcoin since then, thanks to strong community support. After publishing the finalized version of the Bitcoin logo, “bitboy” was said to have stated: “Now everyone can make use of the graphics freely even for commercial purposes with this license and not bound by any restriction.”This article was originally published on U.Today More

This article was originally published on U.Today More

His latest tweet, referring to Bitcoin holders as “winners,” captures his optimistic outlook and hints at his belief in BTC’s long-term value despite recent market volatility.Bitcoin recovered some of its losses following two days of drops, reaching an intraday high of $71,596 on Friday after sliding as low as $68,777.Bitcoin fell after failing to challenge its record high of $73,750 achieved in mid-March, just reaching highs of $73,600 during Tuesday’s session. The sell-off continued in Thursday’s trading session, with cryptocurrency prices and related stocks falling across the board as traders looked to cut longs after huge gains.With Bitcoin back around $71,000, the market remains optimistic that new all-time highs are within sight if the current momentum continues.Not resting on its laurels, MicroStrategy recently revealed that it had hired banks to assist in raising $42 billion through the sale of additional shares and fixed income to buy more Bitcoin following a flurry of transactions over the past year.The enterprise software firm announced plans to sell a record $21 billion in new shares to add to its Bitcoin hoard, paving the way for a program that would far exceed the milestone established by Elon Musk’s Tesla (NASDAQ:TSLA) four years ago.Over the last year, the business has raised billions by selling convertible senior notes and shares that its bankers can sell on the market to add to its cryptocurrency stockpile.This article was originally published on U.Today More

Transak, a global leader in Web3 payments infrastructure, is proud to announce its Canadian entity’s (Transak Canada) official registration with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).This achievement comes during significant growth in the Canadian cryptocurrency market. According to a study by the Bank of Canada, approximately 13% of Canadians owned Bitcoin in 2021, showcasing a rising interest in digital assets.The growing interest in cryptocurrency adoption is evident from Chainalysis reports spanning 2022, 2023, and 2024. While Canada did not make the top 20 list in 2022, it climbed to 19th place in 2023 and further improved to 18th in 2024, reflecting steady progress in the country’s embrace of digital assets.”Canada is a very important market for Transak and the cryptocurrency industry in general. So, want Canadians to be able to purchase digital assets without having to figure our compliance on their own. We believe that clear and consistent regulation is crucial for the long-term growth of the crypto industry. By engaging with regulatory bodies like FINTRAC, we aim to foster a safe and transparent environment for all participants in the Canadian crypto ecosystem,” said Bryan Keane, Compliance Officer at Transak.FINTRAC is Canada’s national financial intelligence agency, responsible for safeguarding the financial system from money laundering, terrorist financing, and other financial crimes. By obtaining this registration, Transak is recognized as a Money Services Business (MSB), affirming its commitment to transparent operations and compliance with Canadian financial regulations.The process to become a FINTRAC-registered MSB involves the following:Canadian customers can now enjoy a broader range of payment options, including credit cards, debit cards, and Interac e-Transfers, making it easier to purchase digital assets.Businesses and developers integrating Transak’s services can be assured of a compliant and reliable solution for their Canadian user base. This simplifies the process of adding crypto on/off ramps to their applications because they now get a ready-made compliance infrastructure.Headquartered in Miami, Florida, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.For more information, visit transak.com or follow us on x.com/transak and linkedin.com/company/transak.ContactHarshit [email protected] article was originally published on Chainwire More

Paribu’s 2024 Cryptocurrency Awareness and Perception Survey, conducted in partnership with FutureBright Group, reveals intriguing insights into the cryptocurrency and blockchain industries.Maintaining its status as the most comprehensive study in the field, the survey aims to mirror the developments in Türkiye’s cryptocurrency ecosystem, share valuable data with the public and stakeholders, identify expectations, motivations, and barriers related to cryptocurrencies, and ultimately, create an accurate roadmap for future actions based on the findings.The survey was conducted using computer-assisted personal interviews (CAPI) between July 12 and September 2 in 12 cities representative of Türkiye.The results are categorized into four headings: awareness, experience, technology, and demographics.Cryptocurrency Awareness Holds Steady at 99%“Türkiye’s cryptocurrency recognition has seen a dramatic surge, leaping from 16 percent in 2020 to a near-universal 99 percent in both 2023 and 2024. In the meantime, the percentage of cryptocurrency traders increased from 25.1 percent to 27 percent compared to a year earlier.On the other hand, despite the increase in trading activity, transaction preferences remained consistent with previous years. Bitcoin dominates trader preferences at 70 percent, while Ethereum secures a 29 percent share of the market. When surveyed about cryptocurrency usage, 75 percent of individuals familiar with and actively trading in cryptocurrencies reported primarily engaging in short-term trading activities. Survey results reveal that 75 percent of respondents cite rapid transactions and effortless storage and transfer as cryptocurrency’s primary benefits. When asked about their first association with cryptocurrency, one-third of participants mentioned virtual money, while 20 percent immediately thought of Bitcoin.Half of Traders Turn to Crypto Platforms for Market Intel (NASDAQ:INTC)A key highlight from this year’s survey is the insight into traders’ preferred sources for cryptocurrency information and market research. Social media platforms dominate as the primary information source for 63 percent of cryptocurrency traders. Fifty percent of participants choose cryptocurrency trading platforms as their preferred information source.Crypto Investment Trends Reveal Shifting ParadigmInvestment preferences have significantly changed since last year’s survey. In 2024, gold reigns supreme as the most trusted investment, commanding 90 percent preference, while cryptocurrencies secure third place among preferred investment vehicles at 29 percent.Many Still Unfamiliar with the Blockchain TechnologyDespite a 3 percentage point increase in awareness from last year, blockchain remains largely unknown to the vast majority. Of those aware of cryptocurrency, 72 percent reported no familiarity with blockchain technology at all. Blockchain awareness remains low, with only 28 percent of respondents familiar with the technology. Cryptocurrency wallets emerge as the most recognized blockchain-related concept among survey respondents. Among cryptocurrency traders, 52 percent recognize this concept, while 43 percent of those aware of cryptocurrencies are familiar with it. Staking, burning, and seed phrases are among respondents’ least recognized blockchain concepts.Male Cryptocurrency Trading Activity on the RiseThe demographic analysis highlights a key trend: newly crypto-aware men exhibit significantly higher trading interests. Among cryptocurrency-aware individuals, 31 percent of men engage in trading compared to 21 percent of women. The 25-44 age group demonstrates the highest cryptocurrency trading activity. Additionally, cryptocurrency trading among university graduates surged from 30 percent in 2023 to 39 percent this year. The typical cryptocurrency trader is 34.7 years old.Click here to access the full report.ContactEray [email protected] article was originally published on Chainwire More