New MicroStrategy CFO Remains Committed to Bitcoin HODL Plan

MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…

Can You Really Protect Your Crypto Investments Against Whales?

It is only natural that the price of BTC changes following whales' transactions. Because altcoins have smaller market capitalizations, this effect is even more pronounced on their prices. The ways whales manage to manipulate the market are inventive and can lead to heavy losses for small traders. In our guide, we look into the matter and reflect on how to protect a wallet against whales. Understanding the Concept of Whales The term "crypto whale" refers to a person or organization…

Norway’s Parliament Rejects Proposal to Ban Bitcoin Mining

In a voting majority, earlier this week, Norway’s parliament the Storting ruled against a proposal to outlaw Bitcoin mining. Proposing the bill was Sofie Marhaug, representing Rodt, Norway's communist party. Marhaug’s party contended that Bitcoin extraction consumed too much energy which according to them was not good for Norway’s electricity reserves.   Backing them were only two parties: The Socialist People's party and the Labor party. Unfortunately for rising Bitcoin mining naysayers, the Storting disagreed and rejected the proposal. Bitcoin Mining…

Imminent Price Increase? Nearly $2B BTC Removed From Exchange Circulation

Since peaking at nearly $48,000 in March, the price of the world’s largest digital currency Bitcoin has rested somewhere around $40,000. Recent massive outflows from exchanges could change this soon, according to analysts. $1.04B Worth of BTC Exits Centralized Exchanges The massive exodus of BTC has birthed speculations about when the bearish trend will end or if bullish price action could be in sight. Bitcoin is currently trading at $40,182,  however, its behavior from the past day seemingly reflects the…

A Bank in Texas is Adding BTC Saving Plans for Its Employees

In recent years, digital money has expanded significantly. In addition to trading and exchanging, several companies are now taking bitcoin as a means of payment.  Digital money will soon be part of an employee savings plan at a bank operating in Texas. Could receiving Bitcoin salaries become an option in the future? Texas Bitcoin - Vantage Bank’s Innovative Decision Vantage Bank is among the first companies to allow workers to join a Bitcoin savings plan. In this context, businesses are…

Bitcoin ATMs Seized with Cash and Drugs in Multi-Agency Operation

Working with the US department of homeland security, the Australian Police Force has arrested three men with ties to an ongoing statewide case of money laundering and drug importation using cryptocurrencies. Detainees Found With Cash and Narcotics As shown by a video released following the arrest, authorities arrested one of the 3 men, aged 34, on the fly. Using unmarked vehicles officers came up to a black car which they then searched. The video depicts the officers recovering a parcel…

Terra Make Yet Another $176 Million BTC Purchase

Terra bought yet another $176 million worth of BTCs. The foundation’s BTC stash is just short of 2 billion dollars, as it closes in on its target of $10 billion. Terraform Labs, the development firm behind Terra (LUNA), made its recent purchase over the weekend, according to a tweet by crypto researcher Pompliano. CEO Do Kwon first shared news on Wednesday that the foundation had purchased about $230 million in BTC. Barely half a week later, the foundation made yet…

World’s Richest Non-Exchange Wallet Acquires 3,241 Bitcoins in 24 Hours

After weeks of liquidating over $336 million of its Bitcoin holdings, the third richest crypto wallet is back on the market. The non-exchange wallet, whose value only comes behind the wallets controlled by Binance and Bitfinex, acquired 3,241 Bitcoins on April 5th.    Valued at around $145 million, the acquisition happened in two phases. The mystery whale initially purchased 289 Bitcoins, before making an additional purchase of 2,952 Bitcoins. This purchase comes after major sell-offs from the wallet in recent weeks. …

MicroStrategy, Led by Michael Saylor, Buys 4,167 BTC

In a recent SEC filing, MicroStrategy stated that it purchased over 4,000 Bitcoin ($BTC) between February 15 and April 4th for $190.5 million. The company used its subsidiary, MacroStrategy LLC, to buy this impressive amount of cryptocurrencies. What does this decision imply for the company led by Michael Saylor? And what should we expect from the future? A Quick Introduction to MicroStrategy and Michael Saylor As a provider of business intelligence (BI), mobile software, and cloud-based services, MicroStrategy Incorporated first…

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