Author: Dren.H

MicroStrategy, led by Michael Saylor, gains over $1B in unrealized profits from its significant Bitcoin investment. In a remarkable financial achievement, MicroStrategy, led by Michael Saylor, has seen its Bitcoin investment soar to over $1 billion in unrealized profits. This surge comes as Bitcoin’s value recently hit a high, not seen since May 2022, crossing the $37,000 mark. MicroStrategy, primarily known for its business software solutions, has emerged as Bitcoin’s most significant public investor, with its holdings now worth $5.7 billion. MicroStrategy’s Strategic Bitcoin Accumulation Over the past three years, MicroStrategy has strategically acquired more than 158,000 bitcoins. This significant…

Elon Musk’s AI “Grok” humorously clashes with Sam Altman’s Chat GPT-4, sparking a unique tech CEO rivalry. Elon Musk, the CEO of Tesla, SpaceX, Neuralink, and The Boring Company, recently launched his new artificial intelligence (AI) system named “Grok.” While Grok didn’t significantly impact the machine learning community, it caught the attention of Sam Altman, CEO of OpenAI, the organization behind ChatGPT. Altman took to the social media platform X, previously known as Twitter, to make a playful jab at Grok’s capabilities, likening them to those of a grandpa making jokes. Responding in his characteristic style, Musk claimed that Grok…

The SEC may have a decision for the approval of 12 Bitcoin ETFs between Nov. 9-17, influencing market optimism and Grayscale’s GBTC ETF conversion talks. The United States Securities and Exchange Commission (SEC) embarks on a crucial decision starting today, with a series of spot Bitcoin exchange-traded funds (ETFs) on the cusp of potential approval. This momentous window, running from November 9 to November 17, is the first opportunity for the SEC to greenlight twelve Bitcoin ETF applications. This news, signaled by Bloomberg ETF experts James Seyffart and Eric Balchunas, highlights a significant moment for cryptocurrency markets. The Approval Window…

Ubisoft partners with Immutable to develop a blockchain-based Web3 gaming experience, enhancing digital ownership in games. In a significant push towards the intersection of gaming and blockchain technology, Ubisoft, the powerhouse behind the acclaimed Assassin’s Creed series, is charting new territory. Teaming up with Immutable, a leading crypto infrastructure entity, Ubisoft is on the verge of creating an immersive Web3 gaming experience. This collaboration aims to revolutionize the concept of ‘digital ownership’ in the gaming realm. Revolutionizing Gaming with Blockchain Ubisoft is not new to the gaming industry’s evolution, with a history of pioneering experiences that captivate millions worldwide. By…

Illuvium (ILV) token value spikes after its Epic Games Store listing, hinting at the game’s high potential. In a groundbreaking development for blockchain gaming, the much-anticipated title Illuvium has secured a spot on the Epic Games Store, setting the stage for its Beta 3: Arena release on November 28. This strategic move has generated considerable excitement, propelling the Ethereum-based Illuvium (ILV) token to experience a significant surge in its market value. The integration of Illuvium into the Epic Games Store, a platform boasting a user base of over 230 million by the end of 2022, catalyzed a swift appreciation in…

Rockstar Games is unlikely to integrate crypto in GTA VI due to legal complexities and global regulatory challenges. The gaming community buzzes with anticipation as Rockstar Games hints at a December reveal for the Grand Theft Auto VI trailer. Yet, alongside the excitement, a critical question emerges: Will GTA VI embrace crypto within its virtual world? Despite rumors suggesting a possible GameFi integration, several factors suggest otherwise. Crypto Gaming Landscape In the past ten years since GTA V’s release, the gaming industry has witnessed the rise of GameFi, where in-game economies merge with cryptocurrency. Notable gaming platforms have diverged on…

Bitcoin Ordinals trading surges after Binance lists ORDI, leading to a peak in transaction volumes and token value. The Bitcoin Ordinals market witnessed a notable uptick in activity with Binance integrating ORDI, the premier BRC-20 token, leading to a significant boost in trading volumes. The transaction volume of Bitcoin-based assets soared, reaching a six-month high on Tuesday, with around $14.7 million worth of trades. On-chain data analyst known by the pseudonym Domo via a Dune dashboard shared this data first. Ordinals, which debuted earlier in the year, bring a unique feature to the Bitcoin ecosystem, allowing for the creation of…

Binance releases a new self-custody wallet with simplified security and exclusive airdrop access, enhancing user control in Web3. Binance, the global cryptocurrency exchange, has made a significant leap forward in the crypto space by unveiling its innovative self-custody wallet. This groundbreaking wallet, embedded within Binance’s mobile app, offers users unprecedented control over their digital assets without the need for a seed phrase, thanks to the advanced multi-party computation (MPC) technology. The wallet seamlessly integrates with Binance Bridge, facilitating smooth transfers of assets across various blockchains. Furthermore, it paves the way for users to engage directly with a handpicked range of…

Crypto revenue of Robinhood fell by 55% in Q3, despite ongoing efforts to innovate and expand into the European market. Robinhood, the popular investing exchange, has reported a substantial 55% drop in its cryptocurrency trading revenue during the third quarter. The latest figures from the company highlight a decrease to $23 million, marking a significant downturn in its crypto trading segment. This downtrend surpasses the lesser, albeit also notable, 13% decline in equity transaction revenue over the same period. At the outset of 2023, Robinhood’s crypto trading revenue showed a marginal dip of about 1% to $38 million in the…

The price of XRP spikes amid IPO rumors and positive regulatory developments, with potential for further gains before correction. In the dynamic world of cryptocurrency, Ripple’s XRP token has experienced a remarkable 10% price surge on November 6, reaching a three-month high of nearly $0.72. Market analysts attribute this upward trend to several key factors, including optimistic sentiments surrounding Ripple’s potential IPO announcement at the upcoming Swell conference in Dubai. As of today, XRP has overtaken Cardano, securing its position as the fourth-largest cryptocurrency by market capitalization, with a nearly 45% increase in value since October 19. Factors Driving XRP’s…