Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, to industry news, and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Ndaxers—with Bitcoin and Ether back above key support levels of 60K and 3.25K, what else do we need to be paying attention to?
Craig Wright is an Australian computer scientist who’s long claimed—too much media and Bitcoin community ridicule—that he is the pseudonymous creator of Bitcoin, Satoshi Nakamoto... (Hence the nickname “Fake-Toshi”). Having recently lost a lawsuit in the UK for defamation to this effect against popular Bitcoin podcaster Peter McCormack (What Bitcoin Did), now he must prove to the UK’s High Court in a suit brought on by COPA (Crypto Open Patent Alliance) that he is in fact who he claims to be. You will no doubt ask yourself, “Well, sir, if Craig Wright is who he claims to be, wouldn’t proving it be as simple as moving a few of Satoshi’s bitcoins on the chain to show he controls the private keys?” Not so simple! Get into it here Forbes or the Coindesk article below.
Blockchain security researchers at Hacken are investigating the $112 million hack on Ripple chairman Chris Larsen's personal accounts. They discovered that two wallets linked to the XRP-authorized wallet played a crucial role. The hacker stole 213 million XRP tokens from Larsen's wallet, transferring them to various trading platforms. Funds were routed through eight different wallets, with some going through intermediaries before reaching exchanges. Notably, one wallet, "rU1bPM4," had previous interactions with Larsen's wallet and sent funds to both intermediaries. Hacken's investigation suggests a complex network of transactions, hinting at possible insider involvement, but they stress it's too early for definitive conclusions. Unchained
MicroStrategy (MSTR) reported below-expectation earnings, with its focus mainly on bitcoin during its conference call. Despite stock decline post-bitcoin ETF launches, MSTR argues active control over capital and innovation sets it apart from ETFs, maintaining its appeal to bitcoin investors. The company identifies as “the world’s first bitcoin development company,” emphasizing its commitment to bitcoin network development. MicroStrategy is a software consulting firm but has shifted heavily to bitcoin since Mid-2020. Case in point, they just announced purchasing another 850 BTC for $37.5 million in January, adding to its substantial holdings. With 190,000 BTC valued at $8.2 billion, MSTR continues its Bitcoin investment strategy. This move follows a previous purchase of 14,620 BTC for $616 million in December 2023. MicroStrategy's founder, longtime (former CEO), and Chairman Michael Saylor, views BTC as a long-term, safe investment and inflation hedge. The company's stock has surged 240% since it began acquiring Bitcoin, positioning MicroStrategy as the largest public holder of BTC by far. Coindesk Decrypt
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Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.