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Tron CEO Justin Sun Meets With Apple Co-founder Steve Wozniak; Community Tries To Gather More Information On ‘Partnership’

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The cryptocurrency market has always seen tie-ups with mainstream companies and individuals as a marker for adoption. Tron, the cryptocurrency known for its multitude of announcements recently broke the news of a significant jump in popularity.

Justin Sun, the Chief Executive Officer [CEO] of the Tron Foundation recently announced that he had met Steve Wozniak, the co-founder of Apple.

During a time when everyone was running helter-skleter for partnerships, Tron seems to be enjoying its moment in the limelight. The news about the meeting was first shared by Wozniak on Twitter when he tweeted:

Sun went on to retweet this news, claiming that he was looking forward to their ‘partnership’. It’s still unsure as to what they may have discussed, but a majority of the Tronics become already on-board with the Tron CEO

Some have speculated that the discussion may have surrounded adding TRX tokens to upcoming iPhones. The chances of that happening may be slim as most of the executive decisions for Apple was taken by its CEO, Tim Cook. The reason why some believed that Tron may be added to future Apple tech was that the former did that with Samsung.

Back in October 2019, the Korean tech giant had decided to integrate Tron and Mobile-compatible dApp building tools to its fold. According to a release by Samsung, the Samsung Blockchain Keystore SD v1.2.0 contained APIs that would allow TRX transactions. This was a huge win for Tron as it was the first time that a cryptocurrency had been fully integrated with a mainstream component, let alone with Samsung.

A few members in the cryptoverse joked that Sun’s meeting with Wozniak would have gone the same way as the lunch with Warren Buffett. These critics were referring to the charity lunch that Justin Sun missed after talking about it for weeks on end.

The latest meeting between the two public figures has prompted some cryptocurrency enthusiasts to believe that digital assets were finally breaking into the mainstream fore. Steve Wozniak has also been a popular player in the crypto industry by commenting on its regulatory issues as well as advantages.

Just a few months back, Wozniak had claimed that he liked the concept of cryptocurrencies but some countries did not know how to handle it. He was afraid that countries only wanted control, thereby beating the essence of digital assets. Wozniak asserted that developers need to invent effective solutions using blockchain and crypto as that would allow other industries to sit up and take notice.

The Apple c-founder’s interest in crypto was solidified in late 2018 when he co-founded EQUI Global. The venture capital firm works by issuing investors a digital currency called EquiTokens, which can later be traded.

 

Bitcoin ROI over the past decade trumps that of Apple, Microsoft and many more

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The Bitcoin market has always been touted as the next big thing in mainstream finance by its proponents. This has further sparked debate about the world’s largest currency’s ability to maintain a strong foothold against giants such as Amazon and Apple, whose stocks have been reaping dividends. A recent analysis, however, has shown that Bitcoin may have been the best option to invest in over the past ten years.

The survey showed that if users had invested $100 in Bitcoin at the start of the decade, their holdings would have risen to a whopping $9.2 million today. At the same time, the $100 investment in companies such as Amazon, Visa, Microsoft and JP Morgan would have earned much lesser returns.

An investor who had bought Amazon shares for $100 in 2009 would have earned just $3300 in 2019 while the same buy-in of Apple stocks would have risen to $2400.

Some companies like Walmart and Alibaba did not even breach the $500 barrier when it came to ROI. A user’s $100 in 2009 would amount to $271 in terms of Walmart stocks while Alibaba stocks would have doubled the $100 to close at $208 in 2019. J

JPMorgan was also considered on the list after the bank had plans to release its own cryptocurrency, JPMCoin. A $100 investment in the bank would have yielded $533 after a decade.

The massive disparity in Bitcoin ROI and that of other companies comes at a time when mainstream organisations have seen a resurgence in their market caps. At a time when Bitcoin was struggling to hit the $200 billion market cap point, Apple had crossed the $1 trillion market.

At press time, Bitcoin was trading for $7351 with a total market cap of $131.525 billion. The cryptocurrency held a 24-hour market volume of $17.08 billion after a 1.15 percent fall in prices over the 24-hour time frame. The cryptocurrency market has been so ruthless of late that Bitcoin was not even the most prominent victim in terms of price falls. Just a couple of days ago, the value of  Matic Network, one of Bitcoin’s rivals fell by a significant 70 percent. Matic had dropped from $0.042 to %0.013 in the matter of an hour and users were still trying to figure out what exactly caused the crumble.

Changpeng Zhao, the Chief Executive officer [CEO] of Binance, had stated:

“Our team is still investigating the data, but it’s already clear that the matic team has nothing to do with it. A number of big traders panicked, causing a cycle. Going to be a tough call on how much an exchange should interfere with people’s trading.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple community speculates Apple will use XRP for payments, all because of its camera design

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The members of Ripple community insinuate iPhone 11 Pro Unflattering Camera Design is an indication Apple Pay will Use XRP for Payment Settlements.

On 10th September 2019, Apple unveiled its new iPhone 11 Pro and iPhone 11 Max set of handheld devices. It is believed that iPhone 11, Max/11 pro and 11R will replace iPhone XR, XSMax, and XS.

iPhone 11 Features

According to Apple, the new iPhone will have behind it not one, not two, but three HD cameras which will be difficult to miss due to its Ripple shaped logo. According to some Ripple community members, Apple’s decision to release its Ripple logo shaped camera design iPhone 11 might be an indication that the consumer electronic dinosaur, Apple, intends to adopt XRP for its Apple Pay payment settlement service.

The entire market is fascinated with the iPhone 11 design as the new release promises faster processor speeds and a new iOS. With three cameras, customers should brace themselves for a lot of tricks and fun using the iPhone 11.

According to the phone’s description and specification attributes, the FaceID will now function at different angles as compared to one angel on previous phone versions. This will assist users in unlocking their devices when they are on the go and need to access their phones. The OLEDs technology is going to be in use in the latest phone release; however, it is expected that the OLED technology will also incorporate the LCD technology in its mix.

The new iPhone 11 also promotes customers to set up Apple Pay and Apple Cash services during registration, prompting users to agree to the terms and conditions of Apple Cash and Apple Pay. But, speculating that the tech giant will use Ripple’s XRP only because of its camera’s design’s reflection with Ripple’s logo doesn’t look that solid.

One user who goes by the twitter handle Crypto_Sanchez wrote,

Until apple says it’s so then it is; it’s only a Conspiracy Theory. Live by facts and you won’t stress yourself out.

Apple Pay Integrated Ripple Interledger Technology Already

It appears Ripple’s effort in developing partnerships with industry players in all sectors of the economy is bearing fruits. In April 2018, last year, news emerged about a significant partnership between Apple Inc and Ripple. An alliance that was said to be destined to assist Ripple’s default currency, XRP.

YouTube video

The news was backed up by the fact that Apple integrated Ripple inter ledger protocol into its API settlements for ApplePay. Since the integration, the prices of Ripple’s default currency, XRP, have positively reflected pushing the crypto asset to new heights in the crypto and financial market. Also, as for some other reports, Apple added trading pairs of XRP in its application Stock market.

Since its inception, Ripple has managed to cut a name for itself as a significant player when it comes to processing payments over blockchain technology. Major companies such as Apple have been showing interest to join the world of virtual currencies and blockchain. Since the integration of Ripple’s inter ledger protocol into its API, Apple Pay is positioning itself to be a pioneer in the fields and its interesting to see how things will turn out.

The inter ledger protocol of Ripple avails a better payment processing protocol as it manages to resolve all the challenges various card networks experience. According to information availed to us from Ripple’s desk, the long-term plan of Ripple’s inter ledger protocol is to build a global network which will connect virtual assets. Crypto analysts are equating Ripple inter ledger protocol’s vision to HTTP. But concerning the partnerships with Ripple (an alliance), none of the Ripple officials confirmed any partnership with Ripple on request to us yet.

Expounding the advantages of Ripple’s Interledger protocol, the company’s CTO, Stefan Thomas, stated in 2016 that:

“We ensure our customers are not exposed to any risk from either the connectors or any of the other ledgers. The connectors are made up of systems that connect ledgers. The way we ensure top-notch security is by utilizing escrow at each hop of the payment.”

Being a global brand with a massive following, if it stands true, Apple’s integration of Ripple’s product in its Apple Pay service will surely have a positive impact on the number 3 ranked crypto asset by market cap.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Coinbase trending on Apple app store after one and a half year again

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Coinbase is a cryptocurrency trading and exchange platform, which also includes a wallet service, both desktop, and mobile. It was founded in 2012 in San Francisco, California. It’s one of the most prominent exchange platforms in the world boasting more than 20 million users. According to the company itself, it’s traded more than USD 200 billion in cryptocurrencies so far.

The firm’s mission is very much aligned with the objectives Satoshi had in creating Bitcoin. It wants to create an open financial system for the world. In this case, “open” means that no single country or corporation controls the system. This is rooted in the belief that such an order will be the foundation of real economic freedom, efficiency, innovation, and equality of opportunities for all the people in the world.

An open financial system can help to even the odds for millions of people in the world; help them rescue themselves from abject poverty while, at the same time, it drives the development of new technology and innovation for everybody. Coinbase, in short, wants to change the world.

There are several products developed and maintained by Coinbase. Those include Coinbase Pro, Coinbase Prime, and Coinbase Commerce. Last but not least, there is the Coinbase mobile digital wallet which is available for both Android and Apple mobile devices. The app allows you to send and receive Bitcoin tokens, secure access to your Coinbase accounts and to sell and buy Bitcoins from your phone by linking your bank account to the app.

The app has been received warmly by users all over the world. It’s even the Editor’s Choice at Google Play Apps. So the news is that the app is trending, according to the list of trending items at the app store.

This is excellent news for Coinbase because widespread use of its wallet can only mean it will become a more influential force within the cryptosphere. And we’re talking about a company that’s already very prominent. Every time they list a new coin in their platforms, the crypto press pays much attention, and the corresponding projects welcome the news very happily.

This is not a surprising development. The platform has 20M technology-savvy users so if only a small fraction among them want to have access to their accounts using their phone; the app is assured to continue rising in popularity and trending in both operating systems.

It’s an excellent example of the scenario in which a project with good fundamentals beats marketing every time. See, the marketing for the new app hasn’t been as visible as you could expect from a company this prominent. But the users know, and they’re loyal to it because it’s very reliable. So they trust it, and they want to be involved with every service in the Coinbase environment, as they are showing by downloading the app faithfully.

Unfortunately, too many things in crypto are a lot of smoke where there’s little or no fire at all. So it’s refreshing to see a big fire that’s not smoking all that much.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Apple’s co-founder says we should all focus more on Bitcoin’s value creation rather than price

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The legendary Steve Wozniak, who was the engineer who designed the Apple II computer alongside the no less legendary Steve Jobs, is now joining other tech gurus in talking about Bitcoin’s potential, which remains the top-ranked cryptocurrency in the world.

Many observers have signaled the current year as one that could make all the difference in the cryptosphere because many interesting institutional projects are scheduled to come online during this year.

Several stakeholders since the start of the year have identified 2019 as a watershed year for digital assets with many important institutional projects set to go live during the year. The most famous example is probably Bakkt, created by Microsoft, Starbuck’s and ICE (owners of the NYC stock exchange), but there are several others.

Bitcoin’s value creation

Mr. Wozniak talked to Bloomberg and said that Bitcoin had created massive value along the time, even if it’s been under the bear’s influence for 2018. He had this to say on the matter:

“We’ve seen massive value destruction but we’ve seen massive value creation. I had a lot of bitcoin, but never as an investor. I only had bitcoin to experiment with and I still experiment with it on new bitcoin devices.”

Coin Dance’s data shows that P2P transactions for Bitcoin are at all-time highs in countries such as Indonesia and Venezuela. For Venezuela, it’s even more obvious, because the macroeconomic situation there is absolutely terrible and people need more help from the digital economy to be able to get by even as the government rejects humanitarian aid.

It’s not the first time in which Mr. Wozniak has expressed himself on Bitcoin’s potential. He’s on record explaining how it will become digital gold, and telling the world that the asset is just “amazing.” On the other hand, he’s not all that excited about blockchain technology which he considers to be a bubble.

He’s not alone in his views. Elon Musk (Tesla’s CEO) recently talked about his appreciation for Bitcoin as well and explained why he thinks it will end up replacing fiat currencies at some point.

At the same time, he explained that Tesla isn’t ready to adopt Bitcoin or any cryptocurrency. But he made it clear that Bitcoin’s network, which allows it to exist outside mainstream currencies and controls, makes it a better vehicle for wealth transfer than fiat currencies.

Think utility, not price

The focus on Bitcoin should be utility and not price, according to Mr. Wozniak. He said he doesn’t care all that much about prices. Which makes sense when you remember that the 2018 bear market (which is still ongoing) made 80% of the market’s value vanish into the air.

For Mr. Wozniak, the whole point is to develop more useful application-cases for Bitcoin. In that regard, he complimented Jack Dorsey who’s been recently supportive of Bitcoin. He said that the new Lightning Network is a step in the right direction for the Bitcoin network because it facilitates Bitcoin adoption in the payments arena.

As last month started, Mr. Dorsey appeared on Joe Rogan’s show. He explained that Bitcoin has the potential to become the internet’s native currency. It has all the specifications needed to be the universal internet currency.

Mr. Wozniak thinks that the industry must be people-oriented. Using cryptocurrencies remains rather difficult for average people which is why mass adoption has still not happened at all. On that subject, he recalled his friend and colleague Steve Jobs as a man who knew how to engineer widespread adoption of sophisticated technologies by making them easier to use. That’s how Apple succeeded. That’s how Bitcoin could succeed too.

Image courtesy of Flickr.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Maximize Your Passive Income with KSD Miner’s Cloud Mining

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In today’s dynamic cryptocurrency landscape, savvy investors are constantly seeking new strategies to enhance their financial gains. One revolutionary option is Bitcoin cloud mining, a strategy that allows participants to take advantage of cryptocurrency mining’s rewards without dealing with the intricacies of sophisticated hardware configurations.

This handbook will demystify the concept of cloud mining, delving into its functionalities, advantages, the straightforward registration procedure, and its capability to enable investors to generate income continuously.

In this article, we will explore the concept of cloud mining, focusing specifically on KSD MinerRegister now to participate in the cloud mining contract for free。

 as the leading platform that will help you start earning $1000 per day or more.

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Regarding Cloud Mining

Cloud mining is acclaimed for its ease of use, catering to expert traders and novices in the crypto domain alike. In contrast to the hands-on approach required by traditional mining—where one must invest in and manage their equipment—cloud mining is conducted through off-site data processing centers. Highlighted below are some principal attributes:

Remote Mining: Cloud mining grants the ability to mine Bitcoin from any global location, obviating the need for tangible machinery.

Cost Savings: By foregoing the necessity of physical hardware, initial investments, as well as ongoing costs for upkeep and electricity, are significantly reduced.

Diverse Mining Packages: Individuals can select from a range of mining packages that align with their investment objectives, offering adaptability and growth potential.

Advantages of Cloud Mining

Cloud mining is attractive to informed investors for several reasons, all of which contribute to a smooth and potentially profitable investing journey:

Continuous Earnings: It affords the opportunity to accrue Bitcoin earnings passively, which continues uninterrupted, irrespective of the investor’s activities.

Diminished Risk: The cloud mining service providers typically manage technical setbacks and maintenance, thereby diminishing the hazards linked to equipment malfunction.

No Need for Technical Background: Cloud mining is engineered for user-friendliness, making it approachable for users regardless of their technical prowess.

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Engaging with Bitcoin cloud mining is a seamless endeavor:

Step 1: Navigate to the Platform Direct your browser to our intuitive platform, KSD Miner, and initiate the registration with a click.

Step 2: Account Registration Provide the required information to establish your personal account.

Step 3: Package Selection Opt for a cloud mining package that best suits your investment aspirations and financial plan.

Step 4: Initiate Mining With your account active, you can begin accruing Bitcoin at once.

Incentive Perks:

Welcome Bonus: Get a $10.00 bonus immediately after signing up to start earning your mining profits.

Referral Advantage: Boost your mining profits by introducing friends. Receive a perpetual 3% reward from their mining endeavors.

KSD Miner ’s Tailored Cloud Mining Packages:

Explore our tailored cloud mining options at 365bitcoinminer.com:

BTC Starter Hash Power

Investment: $10.00

Guaranteed Return: $10.00 plus a daily bonus of $0.06

Reap daily login bonuses to augment your mining rewards smoothly.

BTC Enhanced Hash Power

Investment: $100.00

Guaranteed Return: $100.00 plus an additional $0.6

Designed for those desiring more substantial mining power and steady profits.

BTC Premier Hash Power

Investment: $300.00

Guaranteed Return: $300.00 plus an added $18.75

Optimize your potential earnings with our robust cloud mining solution.

Project NameAmountDayDaily interest rateTotal revenue
Daily Sign-in$1010.6%$10.6
Experience Contract$10024%$108
Classic Contract$50071.30%$539
Classic Contract$3000201.45%$3870
Advanced Contracts$5000301.55%$7325

In the quest for enhanced returns within the cryptocurrency realm, Bitcoin cloud mining stands as an influential strategy. Offering ease of use, economic advantages, and the possibility for continuous earnings, cloud mining redefines the investment strategies in the digital currency arena.

Dive into our tailored cloud mining solutions at KSD Miner and embark on a path to steady Bitcoin profits. Begin today and seize your $10.00 welcome bonus, plus, amplify your gains through our referral program.

For those aiming to amplify their passive income, cloud mining represents an excellent avenue. When leveraged effectively, such strategies enable you to expand your crypto portfolio in a set-and-forget manner, demanding far less attention than active trading. KSD Miner presents an opportunity to elevate your passive income with unparalleled simplicity.

To delve deeper into what KSD Miner has to offer, visit the official site:  https://365bitcoinminer.com.

The KSD Miner app can be easily downloaded by searching for “KSD Miner” in the Google App Store (click to download) or the Apple Store.

Michael Saylor Champions Bitcoin in Microsoft Board 3-Minute Pitch

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  • Saylor crafts a brief Bitcoin pitch for Microsoft.
  • Microsoft Considers Bitcoin Investment Vote
  • Microsoft Decision May Shape Crypto Markets

MicroStrategy’s Chairman and Pro-Bitcoin Analyst, Michael Saylor, is slated to deliver a concise, three-minute presentation to Microsoft’s board. This pivotal presentation is set to take place after an initial denial for a private meeting with CEO Satya Nadella. It aims to propel Bitcoin into Microsoft’s financial strategy, potentially setting a precedent for other tech giants.

Michael Saylor to Pitch Bitcoin to Microsoft Board

MicroStrategy Chairman, Michael Saylor, is set to make a major presentation to Microsoft’s board of directors. Saylors proposal seeks to demonstrate the benefits of Bitcoin investments. 

The proposal comes after he failed to secure a private meeting with Microsoft CEO, Satya Nadella and decided to pursue a more direct approach to the board of directors. Saylor’s presentation is condensed into a crucial three minute window to spark interest in Bitcoin as a strategic corporate asset.

An activist’s encouragement catalyzed the proposal, emphasizing on the limited time Saylor had for the process. Announced on November 19 at an X Space hosted by VanEck, this presentation reveals Saylor’s determination for seeing Bitcoin in the forefront of corporate investment strategies.  Also, it reflects MicroStrategy’s increasingly successful Bitcoin investment strategy, whose stock has outperformed Microsoft’s stock by over 300% this year. 

Saylor, Microsoft Meeting Could Boost Bitcoin

Microsoft said that its December board meeting agenda will feature a vote on whether to consider Bitcoin investments. The National Center for Public Policy Research (NCPPR) pushed for an assessment of Bitcoin’s (BTC) potential after MicroStrategy’s success with the cryptocurrency. Microsoft’s potential consideration of the proposal represents a shift of corporate strategies in digital assets as mainstream and valuable investments.

According to Saylor, Bitcoin can be a stabilizing, and value increasing asset for such companies as Microsoft who have great cash reserves. He argues that the integration of digital assets such as Bitcoin could lead to more stable and less volatile investment portfolios. MicroStrategy has invested in Bitcoin which has received high returns and his take is backed by the high growth potential for Bitcoin in the current economic landscape.

Bitcoin pitch could influence major tech firms

Microsoft’s potential inclusion of Bitcoin in its investment strategies could set a benchmark for other big tech and high cash companies. Saylor also believes companies like Berkshire Hathaway, Apple, Google, and Meta could integrate Bitcoin in their investment strategies to protect and grow their shareholder value. This move could lead to a corporate shift towards cryptocurrencies thus diversifying traditional financial practices and asset management across industries.

Financial analysts observe that Microsoft’s decision could change the perception of Bitcoin by the broader markets. A positive consideration of Saylor’s proposal could boost Bitcoin’s credibility and increase its adoption by major corporations. Thus it would  influence the global cryptocurrency market and investment strategies. The outcome of this proposal is seen as a pacesetter for the integration of cryptocurrencies in mainstream corporate finance.

MicroStrategy’s $26 Billion Bitcoin Holdings Surpass IBM and Nike Cash Holdings

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Key Insights:

  • MicroStrategy’s Bitcoin strategy outpaces IBM and Nike, holding a portfolio valued at approximately $26 billion.
  • Since 2020, MicroStrategy’s shares surged by 2,500% due to its significant Bitcoin investments.
  • Planning to expand its Bitcoin cache, MicroStrategy aims to raise $42 billion over the next three years.

MicroStrategy , a pioneer in business intelligence, boasts a reserve of approximately $26 billion worth of Bitcoins, surpassing cash reserves of major corporations like IBM and Nike. This development marks a significant milestone in the adoption of cryptocurrency by mainstream businesses.

MicroStrategy’s Growing Financial Reserve in Bitcoin

MicroStrategy started the accumulation of Bitcoin as an inflation hedge in 2020 and has shown major returns. The company’s current Bitcoin holdings valued at around $26 billion have surged past financial reserves of major companies like IBM and Nike. IBM reported $13.7 billion in cash and securities while Nike reported $11.882 billion. These Bitcoin holdings positions the company at the top of corporate America treasury holdings, behind only behemoths like Apple Inc. and Alphabet Inc.

The company is based in Tysons Corner Virginia and is currently ranked as the biggest corporate Bitcoin holder surpassing key players in the cryptocurrency sector like Marathon Digital and Riot Platforms. The aggressive investment efforts in Bitcoin shows its commitment to make BTC a strategic investment asset.

Stock Soars as Bitcoin Holdings Grow

MicroStrategy investment in Bitcoin shows that corporations are starting to diversify their treasury portfolios to include cryptocurrencies. This approach has received a mixed reaction of criticism and acceptance. Some financial experts have cautioned against the approach while others consider it an opportunity to leverage the cryptocurrency bull run.

Bitcoin has improved MicroStrategy’s market reputation and influenced its stock returns as well as performance. The company purchased the bitcoins in August 2020 and has since seen its shares gain more than 2500% higher than the broader market becoming one of the best-performing US stocks.

$42 Billion Bitcoin Raise to Expand Bitcoin Assets

MicroStrategy has continued to invest in cryptocurrency assets.  The company plans to expand its cryptocurrency portfolio over the next three years by purchasing $42 billion investment in Bitcoin. The company’s ambitious investment plan indicates its  confidence in Bitcoin’s long term value and its ability to be a reliable inflation hedge.

As more companies such as Meta Planet emulate MicroStrategy’s Bitcoin investment approach, there is a shift in the field of corporate investments. This transition by companies to purchase cryptocurrency assets may redefine how companies manage their financial reserves with the development of the digital economy.

MicroStrategy’s early adoption of Bitcoin investments has set a benchmark and shaped future trends in corporate finance. The company’s continued Bitcoin purchases has attracted the attention of the financial world and will likely influence the adoption of digital currencies among major corporations.

Ross Ulbricht Anticipates Trump’s Pardon After Serving Over 10 years In Jail

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Key Insights:

  • Ross Ulbricht could be released soon, following a campaign promise made by Donald Trump to pardon the Silk Road founder.
  • Trump’s commitment could influence his support among Libertarian voters, potentially impacting his political base.
  • The outcome of Ulbricht’s pardon may set a significant legal precedent for digital rights and cyber law enforcement.

Silk Road founder Ross Ulbricht expects a presidential pardon from U.S President Donald Trump. Trump pledged to pardon Ulbricht during his presidential campaigns. Ulbricht has served a life sentence since 2013. His potential release has sparked political and public debate. His case highlights various issues cyber law and digital rights. 

Anticipation Builds for Ulbricht’s Pardon

Ross Ulbricht was sentenced in 2013 and has remained optimistic for an early release following campaign promises by U.S president Donald Trump. Ulbricht was sentenced for life without parole for creating the Silk Road. Ulbricht and his supporters are optimistic that Trump will honor his campaign promise for a presidential pardon.

Trump, speaking to voters at the Libertarian National Convention, pledged to act on Ulbricht’s sentence on his first day of presidency. This pledge has sparked debate both in the public and political circle on Ulbricht’s future. However, some experts believe that Trump made the promise to influence Libertarian voters to enhance his support base.

Impact of Silk Road on Cyber Law

Silk Road was launched in 2011 and was shut down by the Federal Bureau of Investigations (FBI) in 2013. The marketplace was notorious for selling illegal goods using Bitcoin. The use of cryptocurrencies in criminal activities attracted global attention as the marketplace was exposed. This helped to implement legal reforms and regulations to combat cyber crime.

In this case, Ulbricht’s legal trials created new standards in cyber law enforcement. This case raised important questions about online privacy and government surveillance on its citizens. Ulbricht was charged with money laundering and conspiracy to traffic narcotics, further raising questions on the complexity of his cyber crimes.

Legal and Ethical Debates Continue

Legal experts, digital rights advocates and members of the public continue to debate on the fairness of Ulbricht’s sentence. They argue that Ulbricht was just the website operator and the life sentence was unfair. Moreover, they advocate for reassessment of legal penalties for digital crimes.

Moreover, the case raises awareness on the conflict between prevention of crime and digital human rights. These debates are important as they define new legal conditions with technological advancement. This debate also raises concerns in the balance between law enforcement and individual privacy of the citizens.

Bitcoin
Ross Ulbricht Anticipates Trump’s Pardon After Serving Over 10 years In Jail 4

While the legal and political community awaits Trump’s decision on Ulbricht’s pardon, the outcome will set a benchmark for similar cases. Ulbricht’s case sparks debate on justice, digital rights and law enforcement in the technology era.

Solana’s DeFi Landscape Expands as TVL Reaches $5.7B in Q3 2024

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Key Takeaways:

  • Solana’s DeFi TVL rose to $5.7 billion in Q3 2024, marking a 26% increase in QoQ.
  • Kamino led with $1.5 billion in TVL and a 57% QoQ growth, boosted by PYUSD and jupSOL additions.
  • Solana’s stablecoin market cap climbed by 23% to $3.8 billion, driven by PayPal’s PYUSD integration.

Solana’s decentralized finance (DeFi) ecosystem saw significant growth in Q3 2024, achieving a total value locked (TVL) of $5.7 billion. This represented a 26% QoQ increase, placing the network as the third-largest network in this metric, surpassing Tron.

According to a recent report by Messari, TVL in SOL rose by 20%, reaching 37 million. Kamino played a pivotal role, leading the way with $1.5 billion in TVL, a 57% rise over the quarter, thanks to new offerings like PYUSD and jupSOL.

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Source: Messari

Kamino’s innovations in lending included the launch of Kamino Lend V2, which introduced a permissionless market layer and a vault layer. These changes, along with new products like Lending Orderbook and Spot Leverage, are expected to further bolster its market position in Q4.

DEXs and Perpetual Trading Growth

Although the trading volume of Solana’s DEXs did see a slight decline of 10% QoQ, the activities there started to rebound in late September. Its average daily volume coming from DEX has reached $1.7 billion, while most challenges are authored to waning memecoin hype.

Raydium still had the largest market share with 51%, although it witnessed its daily average volume slide 13% to $852 million. Its volumes added $350 million upon the launch of Moonshot, a user-friendly mobile app for trading.

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Source: Messari

Jupiter remained at the top, with 43% of the total spot DEX volume. New developments included the release of Jupiter Mobile, allowing seamless onboarding through Apple Pay and Google Pay. SolanaFM and Coinhall contributed to the acquisition of the Jupiter ecosystem.

Solana’s Stablecoin Market Boosted by PayPal’s PYUSD

The stablecoin landscape of Solana grew 23% to a market capitalization of $3.8 billion. In May, PayPal’s PYUSD launched on Solana and thereby played an important role. With features such as transfer hooks, programmable transfers were an immediately adoptable feature, and adoption increased significantly.

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Source: Messari

By the end of Q3, PYUSD’s circulating market capitalization was $331 million, a 341% increase. Meanwhile, USDC continued to dominate and rounded off the high performance for Solana regarding stablecoins.

Circle’s expansion into Web3 services for Solana offers enterprise functionality features, including programmable wallets and fee sponsorships so that developers can integrate seamless, multichain solutions.

Related Reading | Mt. Gox’s 500 Bitcoin Transfer Sparks Market Concerns as Prices Dip