Cryptocurrency Analysis and News Portal
The tiny Portuguese island of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement made during the Bitcoin Miami Conference in 2022 has spurned confusion and misinformation.The President of the Regional Government of Madeira, Miguel Albuquerque, hopped onto the stage in April to announce that he
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Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities. As it stands under current FASB guidelines — which is the source of authoritative Generally Accepted Accounting Principles (GAAP) — companies must report digital
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Quick take: Michael Saylor has clarified that MicroStrategy can collateralize its $205 million loan from SilverGate bank with its 115,109 Bitcoin holdings He also added that Microstrategy could post ‘some other type’ of collateral if Bitcoin fell below $3,562 There have been a lot of murmurs about Microstrategy getting a margin call on
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MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans.The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision
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Founder and CEO of business-intelligence software company MicroStrategy (MSTR) Michael Saylor has suggested there is no need for the firm to sell the large quantity of bitcoin it has accumulated. Source
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Quick take: Michael Saylor has joked about ‘getting back to work’ at McDonald’s Mr. Saylor posted a meme of himself behind the counter of the popular fast-food chain Bitcoin has continued on its downward trend losing several support zones from $39k Bitcoin has set a local low of $31k as the $32k support level
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Quick summary: Microstrategy CEO, Michael Saylor, has said that the proposed Bitcoin and crypto regulation based on energy use in New York is damaging to the environment, reputation, and economy of the state Mr. Saylor sees the proposed bill as a demonstration of how the law can be manipulated maliciously He has also
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Bitcoin mining sites are no different than data centers operated by mega-cap tech firms such as Amazon, Apple, Google, Meta, and Microsoft, the authors wrote. Original Source
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MicroStrategy has spent $3.97 billion acquiring 129,218 bitcoins for an average of $30,700 apiece, he wrote. With bitcoin trading nearly $10,000 above that, the trade remains well in the green – though not nearly as much as when BTC was touching $69,000 all-time highs. Source
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The longtime bitcoin supporter was as optimistic as ever about bitcoin in a conversation with Ark’s Cathie Woods at Bitcoin 2022 in Miami. Source
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