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…
Tag: Coinmetrics
Verge (XVG) 51% Attack: Hundreds Of Thousands Of Blocks Affected
The privacy blockchain Verge (XVG) suffered a 51% attack in the late hours of Monday, February 15. The attack affected more than 560,000 blocks containing XVG transactions and led to a massive drop in the price of XVG. Verge Suffers 51% Attack. Antoine Le Calvez, operations manager of analytical firm CoinMetrics, was the first to report the attack. Calvez noticed Verge's blockchain reorganization, often identified as a sign of a 51% attack. He explained that the CoinMetrics node had diverged from…
1 year ago 208
views
Bitcoin Fees Record 170 Percent Increase
For most days last month, the performance of Ethereum was not impressive while Bitcoin was able to gain enough momentum that pushed its price to the upside to become the cryptocurrency asset with the best performance. In recent times, Coinmetrics released the State of the Network report which noted that the market capitalization of Bitcoin increased by 17% within the previous week. Likewise, it said that the active addresses rose to 928,000 (12.2% increment). Nevertheless, the outstanding statistic was the rise in Bitcoin transaction…
2 years ago 184
views