Microstrategy| has [[announced]] the purchase of a large amount of |bitcoin

Microstrategy has announced the purchase of a large amount of bitcoin

Microstrategy bought on the floor.
The company bought another $ 10 million worth of bitcoins at an average price of $ 43,663 per coin, according to its SEC file on May 18.

The company currently holds 92,079 bitcoins worth $ 2.251 billion.

It is noteworthy that Micro Strategy had announced its previous purchase of $ 15 million less than a week ago on May 13th. The announcement came in the wake of Tesla's apparent refusal to accept Bitcoin payments due to environmental concerns.

The company's CEO, Michael Silver, criticized the move and personally discussed it with Ilan Musk on Twitter.

However, Musk stated that Tesla does not intend to sell its bitcoins after showing that it can withdraw bitcoins from its balance sheet.

Ethereum{ Internet searche}s hit record highs in US, Germany| and |Turkey

Ethereum Internet searches hit record highs in US, Germany and Turkey

Analyzing the search data, the United States shows the highest level of interest in Ethereum (ETH), followed by Germany and Turkey.

The word "Ether" is searched 1,116,000 times a month in the United States, with the exception of novice chemists, who search the Internet for the world's second most valuable cryptocurrency about 36,000 times daily, according to Invezz.com. .

Germany and Turkey also ranked second and third with 736,300 and 408,500 searches per month, respectively. Among the top three countries, Germany has the highest per capita word search, with 9.46 searches per 1,000 Internet users, more than 3.57 searches in the United States.

Switzerland ranks twelfth on the list with 11.79 searches per 1,000 Internet users, with Ethereum the highest per capita search. The UK ranked sixth with 230,000 monthly searches, with 3.53 searches per 1,000 users.

According to Google Trends, there has been a significant increase in the number of Google Ethereum queries since the beginning of 2021, setting a new historical record to date.

Ether prices have risen nearly 400 percent since January, rising from about $ 700 to $ 3,346. As Ether's dollar value grew, Ethereum 's dominance in the cryptocurrency market value classification increased, with Ether accounting for nearly 20% of the total cryptocurrency market capital since early May.

Despite the fact that the price of these cryptocurrencies has retreated by almost 25% from its new price record, ether investment products have continued to flourish this month.
Atrium Network Trading Fee has dropped 71% from its most recent high.

"We will not act hastily to close the [payment] gateways of exchange offices"

The Governor of the Central Bank said: "We will not act hastily to close the payment gateways of exchange offices."

Regarding the news about the closure of the payment gateways of cryptocurrency exchanges by the Central Bank in recent days, the Governor of the Central Bank said: "My request, as in the past, is that people do not invest in informal markets that have no license from legal institutions."

 Regarding the codes extracted inside the country, Dr. Hemmati said: Regarding the codes extracted inside the country, the task is clear and it can be used to import goods.

Regarding the management and regulation of exchanges of other cryptocurrencies, the highest official of the Central Bank reminded: The management and regulation of exchanges of other cryptocurrencies requires a comprehensive, comprehensive and coherent review, and I believe that any negative or even facilitative action must be coordinated between all factors and Create stakeholders.

He emphasized that the bank was not passive regarding cryptocurrencies, adding: "Contrary to rumors and news, the central bank has not been passive in this area and to draw a comprehensive plan for managing the current space, while consulting with various areas of government and government in line Explaining the macro strategy of the country in the face of the phenomenon of cryptocurrencies, we have taken an effective action in cooperation with the National Center for Cyberspace and we hope to create optimal conditions for our beloved country by creating the same intellectual and mental model in the executive and legislative body of the country. The role of the parliament in regulating the relevant laws is very bold.

The Governor of the Central Bank concluded: "The Central Bank will refrain from any hasty action that has been rumored these days until the roadmap is drawn up."

"Currently, [Cardano has ]one billion members instead of millions," said the {ADA} founder

"Currently, Cardano has one billion members instead of millions," said the ADA founder

Charles Haskinson, founder of Ramardo Cardano (ADA), estimates that the Cardano ecosystem has one billion members worldwide, instead of millions of users. Remarkably, IOG is a company created in the context of Cardano's smart contract development and run by Charles Haskinson.

He pointed to the need to redesign the Cardano smart contract model because of its billions of users.

Haskinson added:

"The key is to figure out how the Cardano network should expand and expand. Currently, the Cardano ecosystem has one billion members instead of one million. What can we do to provide a sustainable financial platform for it? "

In addition, according to Haskinson, Cardano's team plans to rebuild the entire smart contract pattern. First, this is done to further secure the template to avoid previous incidents in which billions of dollars were lost from users' budgets due to the hacking of insecure applications. Second, the pattern is unsustainable, meaning that transaction costs are predictable and that Cardano's fees are high.

"Solana has a{ better} return on [investment] than Ethereum," says SOL founder

"Solana has a better return on investment than Ethereum," says SOL founder

Anatoly Yakovenko, founder and CEO of SOLA, believes that the Ethereum (ETH) proof-of-stock method does not work well enough. Introduced Proof of History.

Twelve years ago, Mr. Yakonko worked as an engineer at Qualcomm Technology Company (NASDAQ: QCOM) on a wireless application protocol project. In addition, he focused on a massive plan for historical information to accelerate the "consensus" approach. This protocol enables blockchain decisions to be embedded on a peer-to-peer system.

Solana has also developed other methods, including transferring and sending transactions to a validator before obtaining the previous set of final transactions. This helps speed up verification and the number of trades that can be made. Despite these features, Solana has not yet been recognized as a project outside the world of digital currencies. However, many people welcome this project.

The cryptocurrency market value fell by $ 150 billion after Bitcoin reached its lowest price

The cryptocurrency market value fell by $ 150 billion after Bitcoin reached its lowest price in 11 weeks

In the early hours of Sunday trading, the price of Bitcoin (BTC) reached its 11-week low and touched the $ 46,700 level before slightly improving.

The last time Bitcoin fell to this level was in late February, during the currency's second major rally correction. At that time, the return from this price floor caused the price of Bitcoin to cross the $ 60,000 mark in two weeks.

This time, things are a little different, and the downside is slowly returning to the crypto markets. For the second time since Bitcoin hit a high of $ 65,000 on April 14, it marks the continuation of a larger downtrend.

It seems that this move has also started following the release of Ilan Mask's tweet on May 13 on the topic of high energy consumption by Bitcoin. It should be noted that the Bitcoin Fear and Greed Index has now dropped to 20 points, indicating "extreme fear" and the lowest level since the market crash in March 2020.

$ 150 billion decrease in market value

As usual, these moves have resulted in the bulk selling prices of other cryptocurrencies, resulting in the outflow of about $ 150 billion in capital over the past day.

The cryptocurrency market has now fallen from its $ 2.5 trillion high on May 12 to $ 2.3 trillion. Although the long-term outlook for the market is still bullish and favorable, this downward trend could accelerate rapidly if sentiment increases.

Bitcoin lovers are raising funds to make a documentary to support it

Bitcoin lovers are raising funds to make a documentary to support it

As news of Bitcoin's devastating environmental impact grows, a group of investors and supporters to defend the world's largest digital asset is filming a FUD (Fear, Uncertainty and Doubt) documentary with the help of massive investment, from Defend the world's largest digital asset.

It was first announced on Twitter by Brad Mills, an investor, podcast host and bitcoin fanatic, that the film aims to serve as a definitive argument for "why Bitcoin puts the world into renewable energy." "Transfers faster than governments."

Miles's choice for director is Jamie King, best known for STEAL THIS FILM, a documentary series about BitTorrent and one of the first examples of massive free investment and sharing. In an interview with Cointelegraph, King said that the story of bitcoin energy consumption has come into play.

"The idea for this new project, for which we are now raising funds, came as a result of increasing attention to bitcoin energy consumption. "Obviously, this comes from Ilan Musk announcing that he will not accept bitcoins for his cars right now, and this is part of the FUD that we are seeing more and more repeated."

Earlier this week, billionaire Ilan Musk tweeted that Tesla would no longer accept bitcoins for payment. A theory that made accusations of hypocrisy, but their content was reflected in the mainstream media.

Despite Ilan's struggles, it is difficult to calculate the amount of "dirty" energy consumption by Bitcoin, and even estimates based on Chinese consumption may only paint a harsh picture.

Regardless, King and crew are not trying to argue that Bitcoin is a clean, green technology.

"I think it's important to know that bitcoin uses a lot of energy. This is part of its design. "The question we have to ask is, is it worth it?"

King said those who instinctively answer "no" to this question may not have done their research, and in the broader social, political and economic context, the state of bitcoin energy consumption is obvious.

So far, the community has reacted warmly, raising bitcoins in just 48 hours. King also notes that while the Bitcoin Lightning Network did not receive the expected acceptance, small sponsors began to flock after the Lightning project was launched.

"I guess what we can see is that Lighting is very real for small bitcoin donations, I'm glad to say," he joked.

In the end, King's goal is not to throw mud at the FUD-stars, but to educate and excel the film.

"I do not want to just argue with the idea that this is a waste of energy. Rather, it creates something that inspires people to know that Bitcoin is truly amazing. That means breaking the FUD with a higher goal! "

The Coinbase Exchange plans to list Dogecoin soon

The Coinbase Exchange plans to list Dogecoin soon

For the first time since Coinbase 's direct presence in Nazdaq, the digital exchange released its first quarter earnings.

Coinbase said in the earnings report that it has seen impressive results since the company's first public offering. "The wind is currently blowing along with our sails and we feel good," the investor wrote in the letter.

The exchange witnessed a jump in its net income thanks to the recent boom in the digital currency market and the interest of legal and real investors. The company's results were largely in line with estimates previously reported in the company's first public release.

The total volume of cryptocurrency market transactions has reached $ 335 billion, which was previously predicted in a report. The market is experiencing an increase of about 300% over its $ 90 billion volume in the last quarter. Analytically, $ 120 billion of that has come from real investors and another $ 215 billion from law firms.

As the prices of Bitcoin, Ethreum and other Altcoins reached their highest levels, trading witnessed a massive influx of market volume.
Coinbase Exchange, in particular, added another 13 million approved users during this time. In the last quarter, the exchange served 43 million users, but now that number has grown to 56 million. The monthly transaction of users in this exchange increased by 217% and reached 6.1 million from 2.8 million.

Despite the company's steady quarterly trend, Coinbase warned his investors that increased competition could pose potential challenges:

"Our competitors support certain digital currency assets with high trading volume and market value. At the same time, our exchange does not support these passwords and other updated services. We welcome these challenges because they represent a market in which we all serve to grow rapidly.
 "We need to move fast for wider access to users, and that inspires us to move and grow the organization."

The Kevin Coinbase exchange fee is a major part of digital currency exchange revenue and is significantly higher than competitors. Coinbase Chief Financial Officer Alesia Haas reiterated that the exchange commission fee will remain high: "We do not want to compete on the commission fee. Rather, we seek to gain the most trust from exchange users. "

And about adding Dogecoin to the Coinbase exchange

Dog-themed cryptocurrencies grew 10,000 percent this year, attracting millions of new users along with other competing exchanges to Dogecoin.

On the other hand, Coinbase Exchange has not added Dogecoin to its support list. During the revenue report, Coinbase CEO Brian Armstrong promised to add memes or Internet jokes next summer: We think of upgrading assets like Dogecoin .

A bank in Singapore is the first bank in Asia to launch a digital currency services scheme

A bank in Singapore is the first bank in Asia to launch a digital currency services scheme

Singapore-based private financial services and banking company DBS Bank has launched the first bank-backed digital currency services project in Asia. The scheme allows customers to invest, hold and manage their digital assets through the bank's subsidiary, DBS Trustee.
The launched services only include Bitcoin, Atrium, Bitcoin Cache and Ripple cryptocurrencies. The cryptocurrencies are listed in the digital exchange of Debussy, another subsidiary of the bank. The bank's exchange office provides trading services for these digital assets.

In April, Debussy Bank reported that it has more than $ 60 million worth of digital currency assets, and the bank's digital trading division has grown exponentially by more than 10 times its daily trading volume since its inception.

Debussy Digital Trading Services also includes spot trading and can be traded through currency pairs. Fiat assets used are SGD, USD, HKD and JPY.

According to the bank, complex details are being worked out at the exchange to prevent stakeholders from encountering any complications while trading digital currencies.

In this exchange, access information to important codes, passwords, wallet information, transactions and wallet backups remain confidential after the death of users.

Draper's team opposes Elon Musk and says Fiat also produces too much CO2

Draper's team opposes Elon Musk and says Fiat also produces too much CO2

Investor and big billionaire Tim Draper, a supporter of Bitcoin, opposed elon musk's recent tweet that he would not accept bitcoins to buy Tesla cars.

Ilan should not accept to sell Tesla Fiat

The Draper team posted a belated response to Elon Musk's recent tweet.

 

Tesla CEO tweeted that the company will be looking for other digital currencies because Elon Musk has a strong belief in crypto (according to another tweet).

His anti-bitcoin rhetoric has pushed the currency below $ 50,000, and BTC has yet to return above that level.

 

Like many other crypto influencers who are outraged by Tesla's shift in BTC, Draper tweeted that the current financial system, with all its banks, uses a lot of energy and emits a lot of CO2.

 

The Draper team recommends that if Tesla stops accepting bitcoins (while BTC does not sell its balance sheet), the company should also stop accepting Fiat.

 

Anthony Pompliano believes that Elon Musk is publicly addressing the problem of "dirty" mining to provide a solution and launch a technology solution that enables bitcoin miners to use renewable energy.

 

Jack Dorsey supports Elon Musk

Jack Dorsey payment company Square, which keeps bitcoins on its balance sheet, has stated that it has no plans to buy another bitcoin at this time.

According to Amrita Ahoja, Squire's chief investment officer, the company believes that carbon emissions must be addressed first. Therefore, Square has expressed a view similar to Tesla's.

 

Square made two bitcoin purchases: $ 50 million BTC in October last year and another $ 170 million in February.

Still, as the CEO and founder of Twitter and Square, Jack Dorsey is a prominent supporter of Bitcoin, so Square, like Tesla, does not sell its bitcoins.