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Microstrategy’s $250 Million Bitcoin Buy Consequential

When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for the company’s investors. The constant reminders about the waning fortunes of the U.S. dollar on one hand and the growing recognition of bitcoin, on the other hand, all tell the story of a changing world. Changing Environment To illustrate, it has been reported that the U.S. Federal Reserve has…

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US Federal Reserve Starts Experimenting With Digital Currency

The US federal reserve starts experimenting with digital currency, finally joining the bandwagon of countries that will test a central bank digital currency as per the latest reports that we about to read in the latest cryptocurrency news sites. The governor said during a virtual technology event that the US Federal Reserve starts experimenting with digital currency in a collaboration with research teams from the Boston Fed and Massachusetts Institute of Technology while conducting experiments with a hypothetical digital currency. According to Brainard, both institutions were researching blockchain technology for a few years to see how the central bank can…

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Tether Prints $300 Million, While XRP Reclaims Third Spot

Tether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone. The latest USDT printing will see the top stablecoin’s market capitalization significantly passing the $10 billion mark. Responding to a whale alert twitter post, however, Paolo Ardoino the CTO at Bitfinex, explains that the latest printing is for purposes of replenishing inventory on the Tron Network. “Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests,” says Ardoino. Ardoino’s response, which…

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