Newbee

• MicroStrategy has bought 6,455 BTC at an average price of $23,238.
• The company’s total holdings now stand at 138,955 BTC acquired for roughly $4.14 billion.
• MicroStrategy also repaid its Bitcoin-collateralized loan to Silvergate at a 22% discount.

MicroStrategy Buys Additional 6,455 BTC

MicroStrategy has resumed its bitcoin accumulation spree after three months on the sidelines and recently purchased 6,455 BTC at an average price of $23,238. The total purchase was worth approximately $150 million and increased the firm’s total holdings to 138,955 BTC acquired for roughly $4.14 billion at an average of $29,817 per coin.

Unreailized Loss Shrinks

With bitcoin’s recent price surge, the company’s unrealized loss has shrunk considerably as it was worth over $1 billion until recently.

Repays Loan to Silvergate

Aside from the firm’s first bitcoin purchase this year, MicroStrategy also repaid its Bitcoin-collateralized loan to Silvergate Bank at a substantial discount. The loan was initially worth $205 million and was paid off with a 22% discount.

Michael Saylor Announces Purchase

The former CEO of MicroStrategy took it to Twitter on March 27th to announce the latest bitcoin purchase by his firm which was completed by March 23rd. Michael Saylor wrote that with this purchase “the firm’s total holdings grew to 138,955 BTC”.

Conclusion

In conclusion, MicroStrategy has increased their total Bitcoin stash by buying 6,500 more coins and repaying their loan to Silvergate Bank at a discounted rate. This shows that they are committed to their long term strategy of accumulating more cryptocurrency assets in order to diversify their portfolio and hedge against inflationary fiat currencies like the US Dollar or Euro

• Crypto pioneer Balaji Srinivasan offers $1 million in BTC to 1,000 tweets that best expose the stealth financial crisis disguised in banking bailout.
• He believes hyperinflation in US economy will happen in 90 days, forcing Bitcoin’s price to shoot up to $1 million.
• To alert people about the hidden insolvency of banks, Balaji is encouraging them to buy Bitcoin now and store it off exchanges.

Crypto Pioneer Offers $1 Million for Best Tweets

Crypto pioneer and venture capitalist Balaji Srinivasan has announced that he is offering a reward of $1 million worth of Bitcoin (BTC) for the 1,000 best tweets which can expose the “stealth financial crisis” disguised in banking bailouts.

Srinivasan Predicts Hyperinflation Will Shoot Up BTC Price

Balaji Srinivasan also believes that with US economy entering a phase of hyperinflation within 90 days, the price of Bitcoin will skyrocket up to $1 million. In order to alert people about the hidden insolvency of banks, he is encouraging them to buy Bitcoin now and store it off exchanges.

Smart Contracts or Escrow System Proposed for Reward Payment

To pay out his reward money, Balaji has proposed either using a smart contract system or an old-fashioned escrow system. The assets would be secured on chain for 90 days before being paid out after the 90 day period ends.

Bitcoin as Hedge Against Financial Crisis

With governments across the world printing more money than ever before as part of their stimulus packages during this pandemic period, many experts believe that fiat currencies like USD are going through fundamental changes which could lead to inflationary periods in future years. As such, they recommend investing in assets like gold or Bitcoin as hedges against any such financial crises which might arise due to currency devaluation or hyperinflation caused by excessive money supply increase.

Time Running Out For Buying Cheap BTC?

If Balaji’s predictions come true, then this could be one of those turning points when investors look back and regret not investing early enough when prices were much lower than expected levels later on down the line!

• A survey by Paxos finds that 75% of consumers remain confident about the future of cryptocurrencies despite some high-profile collapses in 2022.
• The survey found that 72% of respondents were not concerned with the volatility seen in the crypto market this year.
• Consumers’ trust in intermediaries such as crypto exchanges, mobile payment apps, and banks for crypto holding remains high at 89%.

Consumer Confidence in Crypto Remains Strong

A new survey by Paxos, a New York-headquartered blockchain technology company, has revealed that consumer confidence in cryptocurrencies remains strong despite turbulent events this year. The survey found that 75% of consumers are confident about the future of cryptocurrencies and 72% of respondents were not concerned with the volatility seen in the crypto market. Furthermore, consumer trust in intermediaries such as crypto exchanges, mobile payment apps, and banks for crypto holding remains high at 89%.

Consumers Show Appetite for Greater Crypto Integration

The study also showed significant appetite amongst consumers to have greater involvement with cryptocurrencies. The top three most desired use cases mentioned by respondents included buying goods online (73%), investing (67%), and transferring funds (62%). This indicates that there is a desire from consumers to use cryptocurrency more frequently as part of their everyday financial lives.

Cryptocurrency Adoption on The Rise

The survey further revealed that cryptocurrency adoption is on the rise amongst U.S. consumers aged 18 to 34 years old – which accounted for 51% of those who owned cryptocurrency before 2021 compared to 33% before 2021. It also found that among those who purchased cryptocurrency within the last 12 months, 70% had done so because they believed it was a good investment opportunity rather than spending money they already had on hand.

Regulatory Heat Not Deterring Consumer Interest

The survey also revealed that regulatory heat does not appear to be deterring consumer interest when it comes to cryptocurrency investments – 77% said they would likely purchase digital assets if offered through a regulated platform like an exchange or bank account provider such as Paxos and 84% felt strongly about wanting access to digital asset services from trusted sources like traditional banks or stockbrokers.

Conclusion

Overall, this research has affirmed consumer confidence in cryptocurrencies despite recent turbulence – showing that people have faith both in existing intermediaries and potential new entrants providing services related to digital assets. With increasing numbers willing to invest and use them more regularly as part of their everyday lives, it looks set for continued growth over upcoming years

• HSBC and Nationwide have reportedly barred customers from purchasing cryptocurrency via credit cards.
• Other leading British banks, such as Lloyds Banking Group Plc, Banco Santander SA, and Natwest Group Plc have also imposed restrictions on buying crypto assets.
• The stricter stance is a response to the numerous collapses in 2022 that led to multi-billion losses.

Leading UK Banks Implement Restrictions on Crypto Purchases

Several of the largest banking institutions in the United Kingdom are imposing new rules to restrict purchases of cryptocurrency. These include HSBC, the biggest bank in the country, and Nationwide Building Society. Both banks have barred their customers from using credit cards for crypto purchases and Nationwide has set a daily limit of £5,000 (nearly $6,000) for debit card transactions involving digital assets. Other major UK financial institutions including Lloyds Banking Group Plc, Banco Santander SA, and Natwest Group Plc have all implemented similar restrictions on buying cryptoassets.

Reason Behind Restrictions

This stricter stance towards digital assets is being taken as a response to several high-profile industry failures over the past year that resulted in billions of dollars in losses. This includes Terra/LUNA crashing in May followed by Three Arrows Capital (3AC) and Celsius Network declaring bankruptcy later that same year. The collapse of FTX – once valued at a whopping $32 billion – in November was perhaps one of the most notable examples that caused great economic damage throughout the crypto sector.

What Are These Restrictions?

Clients at Santander have been limited to £1,000 ($1,200) per transaction with an overall cap of £3,000 ($3,600) within any 30-day period when making purchases with cryptocurrencies via their debit cards or credit cards. Meanwhile HSBC customers are only permitted to buy digital tokens with debit cards but cannot use credit cards at all for such transactions due to “possible risks” associated with them. Likewise Nationwide has placed its own limits on how much can be bought each day using debit cards but has not allowed any form of cryptocurrency purchase using credit cards since June 2021.

Effects On The Crypto Industry

These tighter regulations could potentially make it more difficult for individuals who wish to invest in cryptocurrencies or engage with them for other purposes such as trading or speculation via online exchanges like Binance or Coinbase Pro given that they will now be restricted by these banking policies when attempting transactions with fiat currency (e.g GBP). Moreover this could lead some potential investors away from entering into this space altogether due to feeling unsure about how safe it is if they cannot rely on traditional financial services providers like banks anymore which could then lead to less liquidity overall within cryptocurrency markets globally due do lower levels of demand fuelled by these external factors outside its control.

Conclusion

The recent actions taken by some leading UK banks demonstrate just how far reaching global financial regulators are willing go when clamping down on activities related cryptocurrencies even though there has been no direct evidence linking these investments directly with any kind criminal activity.

Impact On Digital Assets

These restrictions may make it harder for people who want to invest in crypto or use them for trading etc., because they would now be limited by their access to traditional finance services like banks . It can also reduce liquidity available across global crypto markets due decreased demand resulting from such external factors beyond its control .

• Block reported a 7% decline in Bitcoin revenue from its Cash App payment service in Q4, 2022.
• The company attributed the drop to the crypto market collapse that occurred last year.
• Despite this, Block’s shares still rose 7% after reporting positive overall financial results.

Block’s Declining Bitcoin Revenue

Block (formerly known as Square) – an American multinational technology conglomerate – reported $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022. This was a 7% decrease compared to the $2 billion earned in Q4 2021 and was attributed by the company to the crypto market collapse that occurred last year.

Impact on Cash App

Cash App – Block’s peer-to-peer payment application – generated over $7 billion of BTC revenue throughout 2022 and accounted for $156 million of BTC gross profit, down 29% and 28% year-over-year, respectively. Bitcoin gross profit in Q4 2022 was $35 million, a 25% decline compared to the last quarter of 2021.

Share Price Increase

Despite this decrease in bitcoin revenue, Block’s shares still rose 7% after reporting positive overall financial results. This indicates that investors are confident in the company’s ability to remain profitable despite the current state of the cryptocurrency markets.

Future Prospects

Moving forward, it will be interesting to see how Block is able to weather any future downturns in the crypto markets and continue generating profits from its Cash App payment service. With increasing numbers of consumers turning to digital payments solutions like Cash App for their day-to-day transactions, Block is well positioned for success regardless of what happens with cryptocurrencies going forward.

Conclusion

To sum up, Block reported a 7% decrease in bitcoin revenue from its Cash App payment service due to the crypto market collapse last year; however this did not deter investors as they pushed up share prices by 7%. Looking ahead into 2021 and beyond, it will be interesting to observe how the company continues performing financially despite any potential future downturns in cryptocurrencies markets.

• BC.GAME is teaming up with Brazilian professional footballer David Luiz to bring RIO Carnival to the crypto casino community.
• The event offers a $1.2 million prize pool, as well as weekly cash prizes, for participating players.
• Players can collect RIO coins to win shares in the prize pool by making deposits or wagers within the specified period, daily logins and inviting friends.

BC.GAME Launches RIO Carnival Event With $1.2M Prize Pool

BC.GAME is partnering with Brazilian professional footballer David Luiz to launch its new RIO Carnival event, offering a whopping $1.2 million prize pool and weekly cash prizes for its community of crypto casino players. Players can collect exclusive RIO coins throughout the event period in order to win shares in the prize pool and access various other rewards.

How To Collect RIO Coins?

Players may collect RIO coins primarily by making deposits or wagers within the specified period of February 17 – March 16, 2023 (UTC+0). For every $1 deposited, 1 RIO coin is granted. All deposits must be wagered in order to obtain corresponding coins. Moreover, players may also increase their chances of winning by collecting additional coins through daily logins and inviting friends to join in on the fun!

Winning Shares From The Prize Pool & Other Rewards

Rio coins serve as special currency during this carnival event; allowing players to use them for winning shares from the event’s $1.2M prize pool and accessing other rewards available during this time such as weekly cash prizes and more!

Timeline Of The Event

The event will run from February 17–March 16, 2023 (UTC+0). Players are encouraged to take part now while they still can, so they won’t miss out on all these fantastic opportunities!

< h2 >Access The BC . GAME Event Now
For easy access to the exciting festivities of BC . GAME’s RIO Carnival , head over here : https : / / rio . bc . game !

• Kraken’s 24h trading volume is up around 14%, despite the dispute with the US SEC.
• CoinMarketCap and CoinGecko data revealed that Kraken’s 24h trading volume stands at $757 million.
• The SEC recently investigated Kraken for possible violation of rules when offering staking services to US consumers.

Kraken’s Trading Volume Climbs Despite Dispute With U.S. Securities and Exchange Commission (SEC)

Kraken, a large crypto platform, has seen its 24-hour trading volume increase by almost 15%, in spite of issues with the U.S. Securities and Exchange Commission (SEC). Data from CoinMarketCap and CoinGecko showed that Kraken’s 24-hour trading volume was around $757 million, representing an increase of 14%. According to various factors such as average liquidity, volume, and web traffic, Kraken scored 7.4 out of 10 on CMC which is owned by Binance; making it the third most trusted crypto platform after Binance (9.9) and Coinbase (7.8).

SEC Investigation into Possible Violation of Rules

The surge in trading activity contrasts with recent problems prompted by the SEC investigation into possible violation of rules when offering securities as staking services to US customers. Chairman of the SEC Gary Gensler had previously urged all cryptocurrency entities to register with their agency’s authority. The agency’s actions against staking services forced Kraken to terminate such offerings; paying $30 million in disgorgement, prejudgment interest, and civil penalties in the process.

No Wave Of Withdrawal Requests

Although Kraken has faced these issues, there have been no reports of a wave of withdrawal requests from customers or users affected by this dispute; indicating that users remain largely unfazed by this affair for now.

Cryptocurrency Regulation
This incident serves as a reminder that cryptocurrency regulation is taken seriously by authorities worldwide; who are keenly monitoring transactions performed on platforms like Kraken for any signs of misconduct or illegal activity taking place within their jurisdiction’s borders. It also highlights how important it is for exchanges like Kraken to adhere strictly to rules imposed upon them by regulatory bodies like the SEC if they wish to continue operating without interference or disruption from government agencies seeking compliance with existing laws outside their own domain.

Conclusion
Overall, despite facing some difficulties related to its dispute with the SEC, Kraken has managed to maintain its performance levels without any significant impact on customer loyalty or user engagement thus far; proving that even when faced with legal challenges – businesses can still thrive if they take appropriate action quickly enough upon receiving notification from relevant agencies about potential violations taking place on their platforms before any irreparable damage is done

• A filing has revealed that 9,693,985 people and companies, including Google, Apple, Amazon, and Meta, were affected by the FTX crash.

• The lawyers of the bankrupt exchange revealed in a 115-page document that the number of affected investors is much higher than initially thought.

• Notable entities affected by the crash include Apple, Amazon, Google, Meta, Netflix, Microsoft, and more.

The recent collapse of FTX, one of the most prominent crypto exchanges, has sent shockwaves throughout the entire crypto space. In a recent filing with the United States Bankruptcy Court for the District of Delaware, the lawyers of the bankrupt exchange revealed that over 9.7 million companies and individuals have been affected by the collapse.

The extensive list of creditors includes some of the biggest names in the industry, such as Apple, Amazon, Google, Microsoft, Netflix, and Meta. The document also listed smaller entities, such as local businesses, as well as government entities, such as the Australian government.

The filing has demonstrated that the number of investors affected by the FTX crash is significantly higher than initially thought. This is because the exchange accepted deposits from both individual and corporate entities, allowing them to buy and sell cryptocurrencies.

The FTX collapse has been one of the most devastating events to hit the crypto community in recent times. The exchange was initially thought to be one of the most secure and reliable platforms in the world. However, its sudden collapse has left thousands of investors in shock, as they were unable to withdraw their funds before the exchange went offline.

The filing also revealed that the FTX collapse has caused significant financial losses for those affected. The lawyers of the exchange have estimated that the total losses could be up to $10 billion. This figure is expected to rise as more investors come forward to file claims against the exchange.

At this time, it remains unclear what caused the collapse of the exchange. However, it is believed that the exchange may have been the victim of a malicious attack from hackers, who were able to gain access to the exchange’s private keys.

The fallout from the FTX collapse is still ongoing, and it remains to be seen how the affected investors will be compensated. In the meantime, the crypto community is hoping that the exchange’s bankruptcy filing will shed some light onto the cause of the collapse, and prevent similar events from occurring in the future.

• Aptos exploded by over 400% in the past 30 days, becoming one of the market’s best performers.
• The entire cryptocurrency market rallied, providing a boost to APT’s price.
• Aptos was able to capitalize on the layer-1 trade narrative, further driving its price up.

Aptos has been one of the market’s best performers in the past 30 days, with its native token APT soaring by a stunning 400%. This has put the project at the forefront, and it has also given way to a layer-1 trade narrative which has seen other names also pop off.

It is no surprise that the entire market has been rallying, and this has provided a major boost to APT’s price. The cryptocurrency market as a whole has been rallying recently as investors look to capitalize on the new wave of decentralized finance (DeFi) protocols, along with the growing demand for Bitcoin and Ethereum. This has provided a major boost to Aptos, and it has helped to drive its price up.

Another factor that has been driving Aptos’ price up has been its ability to capitalize on the layer-1 trade narrative. As investors look to capitalize on the opportunities provided by DeFi, they are turning to projects such as Aptos which are focused on layer-1 protocols. This has helped to drive demand for the APT token, and it has provided a major boost to its price.

Finally, the project has also been able to benefit from the renewed attention on decentralized finance (DeFi). Aptos is one of the few projects that are focused on DeFi solutions, and this has helped to draw more attention to the project. This has further driven up demand for the APT token, and it has helped to drive its price up.

Overall, Aptos has been able to capitalize on the market rally, the layer-1 trade narrative, and the renewed attention on decentralized finance. This has led to the price of APT exploding by over 400% in the past 30 days, making it one of the market’s best performers. As the market continues to rally and investors look for new opportunities, Aptos is well-positioned to capitalize on the growing demand for DeFi solutions.