MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on March 4. The private offering is aimed at qualified institutional buyers and is subject to market conditions and other factors. The move aims to …
Monthly archives: March 2024
Coinbase experiences second zero-balance bug in five days
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BlackRock’s spot Bitcoin ETF surpasses $10B in AUM, faster than any other to date
BlackRock’s iShares Bitcoin Trust (IBIT) now has more than $10 billion in assets under management (AUM), according to data from CoinGlass. Bloomberg ETF analyst Eric Balchunas noted that IBIT is one of just 152 exchange-traded funds (ETFs) that have reached the $10 billion mark. Currently, roughly 3,400 ETFs exist in total. He observed that IBIT …
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Anthropic releases next generation of Claude, claims it is ‘superior’ to GPT-4
Anthropic is launching its latest generative AI (GenAI) technology, Claude 3, with the claim that it is superior to OpenAI’s Chat GPT-4, according to a March 4 press release. The new suite of models, comprising Claude 3 Haiku, Claude 3 Sonnet, and the most advanced, Claude 3 Opus, is positioned to rival OpenAI’s GPT-4 in …
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Marathon Mines Record-Breaking 4 MB Bitcoin Block Linked to Runestone Airdrop
During bitcoin’s extraordinary price peaks in March, this week saw the mining of the biggest block by byte size, with Marathon’s mining pool producing a 3.99 megabyte (MB) block. This block, labeled as 832,849, carried a message linked to the Runestone airdrop. Bitcoin Blockchain Witnesses Unprecedented 4 MB Block Over the recent weekend, Marathon, a …
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Coinbase Faces Repeat Zero Balance Glitch Amid Crypto Trading Fervor
While bitcoin reached a 2024 high on Monday, rising above the $67,000 per unit range, Coinbase suffered an issue again where customers were seeing zero balances. The news follows the issues Coinbase suffered on Feb. 28, 2024, when customers saw zero balances that day as well. Coinbase Users Encounter Zero Balance Bug Again Coinbase’s trading …
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Will BTC Price Break ATH in March? Green Bitcoin’s Presale Approaches $2 Million Milestone
The crypto market is witnessing a remarkable rally once again. While meme coins like DOGE, SHIB, PEPE, and BONK have been stealing the spotlight with their massive price pumps, Bitcoin has also put on an impressive performance, surging 5% today and breaking through the crucial $65,000 area ahead of the highly anticipated Bitcoin halving event …
Headband-Wearing ‘Alien Punk’ NFT Sells for $16 Million, Marking Second Highest Cryptopunk Sale
As the value of cryptocurrencies continues to climb, the second-highest sale of a Cryptopunk non-fungible token (NFT) has been recorded at $16 million, as per onchain records. This sale significantly exceeds its previous purchase price of $7.67 million, which was just three years prior. Ethereum Sees Spike in NFT Transactions as ‘Alien Punk’ Cryptopunk #3,100 …
Meme Tokens Skyrocket: Market Cap Hits $61.5 Billion Amidst Crypto Frenzy
As bitcoin edges closer to its peak historical value, the meme token domain is outperforming many within the crypto economy, boasting a more than 38% increase over the last day. Just four days prior, the meme coin market’s valuation stood at $34.32 billion, only to soar to $61.59 billion today. From Dogecoin to Shiba Inu: …
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Top Crypto Strategist Says Bitcoin in Midst of Monster Rally, Unveils Bull Market Target for BTC
A crypto analyst who accurately called the bottom of the 2018 Bitcoin bear market believes BTC has more room to run to the upside before topping out. In a new video, pseudonymous analyst Bluntz tells his 243,100 followers on the social media platform X that Bitcoin appears to be in the midst of a wave …
Willy Woo Says Bitcoin To Break $125,000 Minimum Before End of 2025 As ‘Full Demand Unleashed’ – Here’s What He Means
On-chain analyst Willy Woo says Bitcoin could hit the $125,000 mark at a “minimum” this year if financial giants BlackRock and Fidelity allocate relatively conservative amounts of capital. Woo tells his 1 million followers on the social media platform X that if clients of the two firms decide to rotate 3% of assets to Bitcoin, …
UK Authorities Will Have Power To Confiscate Crypto Assets From the Public by End of April
The UK government just released documentation notifying that the country’s law enforcement will soon have the power to seize crypto assets without going through extensive legal processes. The country’s Economic Crime and Corporate Transparency Act 2023, which was passed on October 26th, 2023, now comes with extensive provisions relating to crypto assets, including how authorities …
FTX Opens Claim Window, Sets Prices for Bitcoin, Ethereum and Others Close to 2022 Bear Market Lows: Report
FTX liquidators have launched the claims portal for creditors of the bankrupt crypto exchange using prices from the 2022 bear market. Pricewaterhouse Cooper (PwC) says creditors must register and submit the necessary documents on the FTX Digital Claim Portal before May 15th, the claim bar date. The Big Four accounting firm says two factors will …
How Safe Is the Layer-2 Blast Solution on Ethereum?
The latest controversy in the crypto universe revolves around Ethereum, the token whose blockchain is revolutionizing technology. Although nothing really notable happened with the cryptocurrency recently, besides the ETF failure due to the SEC’s continuous delay, now Ethereum is on a spree due to the layer-2 system that seems to have caught people’s attention more …
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India mandates tech firms to seek regulatory approval before launching AI tools
The Indian government has announced a new requirement for technology companies to secure government approval before publicly releasing artificial intelligence (AI) tools that are still in development or considered “unreliable,” Reuters reported March 4. The move is part of India’s efforts to manage the deployment of AI technologies, aiming to promote accuracy and reliability in …
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