MicroStrategy Makes Profit, Reports $24 Million Bitcoin Impairment Charge in Q2

Bitcoin  Ang MicroStrategy ay Kumita, Nag-uulat ng $24 Milyong Bitcoin Impairment Charge sa Q2  13 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The net income of the company was $22.2 million for the second quarter of the year, however, compared to a loss of nearly $1.1 billion during the same period in 2022.  In the same quarter last year, Q2 2022, MicroStrategy had posted an impairment charge on its Bitcoin holdings of nearly $1 billion.  In the companys latest earning statement, MicroStrategy Chief Financial Officer Andrew Kang said the firm continued buying the asset “against the promising backdrop of increasing institutional interest, progress on accounting transparency, and ongoing regulatory clarity for Bitcoin.”  Its founder and chairman Michael Saylor started buying the cryptocurrency in August 2020. He claims that the asset is a good hedge against inflation and will get the best returns for shareholders.  So far, he appears to be right: despite the impairment charge, MicroStrategy stock—MSTR on the Nasdaq—is up 197% since the first Bitcoin buy.  The price of the biggest cryptocurrency by market cap has risen 156% since then, too, from $11,398 per coin to $29,238 today.  Saylor has said that the companys strategy “is to buy and hold Bitcoin, and the key for us is to

2023-08-03Industriya

Hex Trust Scores Regulatory Approval With Authorities in France

Balita ng Ethereum ng Bitcoin  Hong Kong-based crypto asset custodian Hex Trust secures regulatory registration with authorities in France.  The registration comes a year after it registered to offer its services in Italy.  Hex Trust CEO says the registration will help the company expand its foothold in Europe.  Hex Trust, a digital asset custodian, has received a regulatory pass to set up operations in France. According to the announcement, the Hong Kong-based company obtained a registration from the Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France.  Specifically, the company obtained a Digital Asset Service Provider (DASP) registration, enabling it to offer services to users in France. As a result, users can now buy, sell, trade, and exchange crypto assets on its platform. Similarly, users can trade and exchange crypto assets for fiat and other digital assets.  Per the details of the announcement, the DASP registration is a significant milestone for the company, especially as it seeks to expand its operations in Europe. Speaking on the event, Alessio Quaglini, Hex Trust CEO, said the license is proof of the companys commitment to growing in Europe.  Quaglini further emphasized the importance of the registration in what he believes would open the

2023-08-03Industriya

The Fitch analyst behind the U.S. downgrade breaks down the decision

Pananalapi  Ang analyst ng Fitch sa likod ng pag-downgrade ng US ay sumisira sa desisyon  6 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain.  It‘s not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top rating from Fitch. According to the firm, it’s going to take a major step up in governance.  Fitch Ratings cut the United States‘ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, sending global stock markets down on Wednesday. The agency had placed the country’s rating on negative watch in May, citing the debt ceiling issue.  “This is a steady deterioration we‘ve seen in the key metrics for the United States for a number of years. In 2007, general government debt was less than 60% and now it’s 113%, so there has been a clear deterioration,” Richard Francis, Fitch‘s co-head of the Americas sovereign ratings, said Wednesday on CNBC’s “Squawk on the Street.” “Furthermore, were expecting fiscal deficits to rise over the next three years and we expect debt to continue to rise over the next three years.”  Francis said that, in addition

2023-08-03Industriya

Litecoin Successfully Halves: New Reward Set at 6.25 LTC

Tech  Matagumpay na Nahati ang Litecoin: Bagong Reward na Itinakda sa 6.25 LTC  59 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Litecoin, a popular cryptocurrency, has executed its block reward halving, a scheduled event that occurs roughly every four years, reducing the reward for miners from 12.5 LTC to 6.25 LTC. The last halving event was in August 2019.  Every four years, or after every 840,000 blocks mined, Litecoin‘s code calls for the miner’s reward to be cut in half, adding to the diffculty thus, in theory, making LTC more valuable. This process is set to continue until around the year 2142, effectively capping the total supply of Litecoin at 84,000,000 LTC.  Litecoins self-imposed limit on supply aims to emulate the scarcity of commodities like gold, an approach contrasting with traditional fiar currencies where governments can freely print money, potentially causing inflation.  In the run-up to previous halving events, Litecoin‘s price has exhibited noticeable movement, reaching peaks before the event and settling afterward. At 3 pm ET on Tuesday, Litecoin’s price was reported at $93.10, with a recent high of $113 on July 3, according to CoinGecko.  At the time of writing, LTC is priced at $89.40  The halving procedure inevitably impacts miners, whose profitability is directly tied

2023-08-03Industriya

Ethereum Price Stagnates as Curve Finance Hack Causes Volatility, But New IOTA20 Token is Turning Heads

Ethereum  Ethereum Price Stagnates as Curve Finance Hack Causes Volatility, But New IOTA20 Token is Turning Heads  29 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  The price of Ethereum ($ETH) has remained relatively flat over the past ten days, hovering around the $1,870 level.  Contributing to this price stagnation is the continued fallout from the recent hack of Curve Finance, which has caused uncertainty throughout the crypto market.  However, while Ethereum struggles to find direction, a new token called IOTA20 ($IOTA20) has been gaining traction and turning heads with its unique approach.  $ETH Warning Signs as Bearish Technicals Hint at Further Declines  At the time of writing, $ETH is trading at $1,860 and has just broken below the 50-day Exponential Moving Average (EMA) on the daily time frame.  This break hints that the bears might be in control, meaning $ETH could decline further to return to the low of $1,817 from Tuesday.  The tokens price is now down 7% in the past two weeks, aggressively rejecting the crucial psychological zone of $2,000.  Moreover, the recent weakness in Ethereums price comes amid a broader pullback in the crypto market as a whole.  The Crypto Fear & Greed Index, often used as a sentiment indicator for the whole crypto space, has declined to

2023-08-02Ethereum

Magagamit ba ng Artificial Intelligence (AI) ang Ethereum (ETH)?

Ethereum  Magagamit ba ng Artificial Intelligence (AI) ang Ethereum (ETH)?  7 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ang mga ahente ng AI ay magiging pangunahing mga mamimili ng Ethereum blockspace sa 2030s, sabi ng Bankless Founder.  Ang kasalukuyang presyo ng ETH ay bumagsak ng 2% sa nakalipas na 24 na oras.  Si Ryan Adams, Founder ng Bankless ay nag-tweet kamakailan sa Ethereum blockspace na nagsasabi na ang mga ahente ng AI ay makakarating sa mga pangunahing consumer sa 2030s. Ang AI ay maglilingkod sa bansa ng tao na may mga kinakailangang serbisyo ay ang inaasahan.  Ang mga ahente ng AI ay magiging pangunahing mga mamimili ng Ethereum blockspace sa 2030s.  Ang mga AI ay walang bansa.  Ayon sa kanya, maaaring kabilang sa mga epektibong serbisyo ang pera, pagbabangko, mga karapatan sa ari-arian, batas sa kontrata, impormasyon sa kapital, at iba pa. AIso, ang Ethereum ay lubos na sinusuportahan upang magamit para sa mga proyekto ng Artificial Intelligence tulad ng Robots. Idinagdag niya, Ang Ethereum ay isang sistema ng mga karapatan sa ari-arian para sa mga robot.  Ang Ethereum ba ay para sa AI Robots?  Ang pinakasikat na altcoin, ang Ethereum ay itinuturing na gagamitin para sa Artificial Intelligence (AI) sa mga darating na taon. Sa kabilang banda, ang Indian

2023-08-02Ethereum

Ethereum Holds Above $1,800 And Continues Its Sideways Trend

The Ethereum price (ETH) is falling as it attempts to drop below $1,800 or the 50-day simple moving average.  Pangmatagalang pagsusuri ng presyo ng Ethereum: bearish  Since July 18, both bulls and bears have desperately tried to break the moving average lines, but without success. The price indicator predicts that Ether will fall to a low of $1,829 and then reverse its trend.  On July 24, the largest altcoin almost reached the Fibonacci extension before continuing its uptrend. Today, Ether is following in the footsteps of the last low. If the bears manage to break below the current support, the downtrend will resume. Ether will fall to its previous low of $1,700. If the current price of $1,800 holds, the current trend within the trading range will resume. At the time of writing, Ether is trading at $1,859.  Pagsusuri ng tagapagpahiwatig ng Ethereum  At the 45 level of the Period 14 Relative Strength Index, Ether is in a bearish trend zone. Ether has the potential to fall further within the downtrend zone. If the price bar is trapped between the moving average lines, the altcoin will continue its path within the range. The cryptocurrency is in a downtrend momentum below the daily stochastic level of

2023-08-01Ethereum

ERC-223 lands among the Ethereum standards

Ethereum  ERC-223 lands among the Ethereum standards  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  A few days ago, the ERC-223 token standard, first proposed by well-known hacker Dexaran in 2017, was finally added to Ethereums official standards list.  ERC-223 solves some security and usability issues of the classic ERC-20, simplifying the end-user-side experience.  Tingnan natin ang lahat ng mga detalye nang magkasama.  A dive into the past: the Dexaran hacker and involvement in the Ethereum hard fork  Before delving into technical issues related to Ethereum‘s token standards, it is appropriate to look back at the history of Ethereum’s DAO hack and the subsequent hard fork that saw Dexaran as one of the main players in the affair.  Back in June 2016, an unknown hacker attacked Ethereum‘s DAO, known to be the world’s first decentralized autonomous organization committed to supporting and funding the ecosystem of the chain.  3,641,694 ETH na nagkakahalaga ng humigit-kumulang $60 milyon (now more than $7 billion) ay ninakaw by exploiting a native “fallback” function of the Solidity programming language.  The attacker even sent an encrypted message to the Ethereum team to render the manner in which he had executed the token claim and to clarify that his attack had not violated any US federal law by

2023-08-01Ethereum

ENS whale resurfaces after almost 3 years to snag 40K ETH windfall

Ethereum  ENS whale resurfaces after almost 3 years to snag 40K ETH windfall  Balita ng Ethereum ng Bitcoin  After more than two years of inactivity, an Ethereum Name Service (ENS) whale has resurfaced to claim millions in ETH.  The account holder, which owns the famed “darkmarket.eth” ENS domain among others, recovered 39,712 ETH early on a recent Monday morning, worth approximately $74 million at time of publication.  These funds were initially locked as a bid when the domain was purchased through ENS, and they have been unclaimed for years. The account holder then transferred part of these reclaimed funds — 63,734 ETH, worth roughly $118 million at time of publication — to a different Ethereum address.  ENS founder Nick Johnson clarified in a tiririt from February 2021 that the initial deposit of close to 40,000 ETH was made during the first two years of ENS operation.  Johnson had tried appealing to the user, and he directed them to where they could reclaim the funds at that time. Now that the individual appears to have done just that, Johnson seized the opportunity to provide further guidance to other users on how they can retrieve their own locked-up ether.  When Blockworks asked Johnson what he made of this situation, he

2023-08-01Ethereum

Ethereums Recovery Rally Fades As Sellers Prevent A Surge Above $1900! Here’s ETH Price’s Next Move

Ethereum  Ethereum‘s Recovery Rally Fades As Sellers Prevent A Surge Above $1900! Here’s ETH Prices Next Move  Balita ng Ethereum ng Bitcoin  Ethereums struggle to surpass the $1,900 mark is mirrored by Bitcoin, which remains unable to break past the significant $29.5K threshold. Sellers have built up a strong resistance, causing the previously promising rally to lose momentum. Despite numerous attempts, Ethereum failed to surge above $1.9K due to the intense selling pressure. As a result, the price has entered a phase of consolidation, fluctuating around a crucial price level.  Bulls Continue To Book Profit Near Higher Levels  As Ethereum struggles with the $1,900 resistance level, a noticeable trend has emerged. Bulls continue to book profits near these higher levels. This trend is a clear indication of the current market sentiment – investors are taking advantage of the price spikes to secure their gains.  Coinglass data reveals that as Ethereum‘s price approaches the $1.9K threshold, investors are quickly closing their positions. The chart indicates that when Ethereum’s price reached $1,875 on July 30th, the combined liquidation of both long and short positions surpassed $7 million. Notably, bullish investors were the primary contributors to this liquidation, closing positions worth over $5.6 million.  This profit-booking activity near the $1,900

2023-08-01Ethereum
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