Many kings and monarchs even considered it a threat to their economy (kinda like how current governments consider crypto a threat). The fact is, revolutionary ideas will ALWAYS face objection and protest. But eventually, if these ideas are more efficient and make life easier for the populous, they’ll win out. I’m positive that (if we…
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My family, my middle class family, love talking finance and business. We all love talking about our work and cool new investments and ways to spend our money on future vacations or sport equipment. My family is small so maybe we have less to worry about. But no one in my family tries to get…
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Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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UNI, AAVE, CRV, AXS and DOGE are a few of the top cryptocurrency projects in 2021 that helped transform the face of the cryptocurrency ecosystem and paved the way to mass adoption.
Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100% since the CEO made his big reveal, pushing the value of Saylor’s holdings to almost $1 billion. Related Reading | December Turns Red For Bitcoin As Market-Wide Sell-Offs Continue How Much Is Saylor’s BTC Worth? Michael Saylor told The Information that he does not believe that anyone should sell any of their bitcoin and that he has actually never sold any of his bitcoin. In his 2020 reveal, he said that he held a total of $17,732 BTC, all of which he had purchased before his company MicroStrategy, had purchased its first bitcoin. At an average trading price of $13,900, Saylor’s holdings were worth a little over $246 million. “Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.” Bitcoin is now trading significantly higher than it was when Saylor had made his big reveal, growing as high as $69k at his peak. Presently, the price of BTC is revolving around $48,000. At this present value, the CEO’s bitcoin holdings are now worth over $850 million. BTC begins recovery trend | Source: BTCUSD on TradingView.com He intends to continue holding these coins as he believes that bitcoin is headed for $6 million apiece. This means that the CEO still expects the cryptocurrency to grow another 12,000% from its current value. How Much Bitcoin Does MicroStrategy Own? MicroStrategy boasts the largest bitcoin holdings of any public company. The company had begun accumulating bitcoin in 2019 and has since garnered 122,478 as of its last purchase, bringing the total value of its holdings to over $6.1 billion. All of its BTC were purchased at an average price of $29,861, putting the company firmly in profit at the current value of the asset. Related Reading | Crypto Research Analyst Puts Ethereum At $9,000 In Six Months However, its CEO had begun purchasing bitcoin before the company. Saylor revealed that he had all of his BTC before MicroStrategy had bought its first bitcoin, adding that his personal holdings were shown to convince the company to begin investing in the digital asset. The company, like its CEO, has no plans to sell is BTC. Instead, it has begun looking towards new ways to generate yield from the investment, which Saylor revealed at an investor day presentation held last week. Featured image from Business Insider, chart from TradingView.com
Ripple Labs managed to stay strong in 2021 despite the Securities and Exchange Commission (SEC)’s “attack on crypto”, AKA the lawsuit against Ripple and its executives. Now the payments solutions company celebrates its “strongest year ever”. Ripple CEO Brad Garlinghouse announced the achievements and had some comments to share about the SEC’s case. Ripple’s first On-Demand Liquidity (ODL) was launched earlier this year during 2021’s Q3. It is a payments solution that “allows customers to instantly move money around the world at any time”. This service first appeared as a corridor between Japan and the Philippines that leveraged the token XRP. They have recently announced Ripple’s first ODL deployment in the Middle East as well. Related Reading | Ripple Announces New Payment Corridor in Japan As XRP Rallies 23.5%, More Profits Ahead? Now, a Ripple report shows that the XRP-based On-Demand Liquidity payments accounted for 25% of the total dollar volume across RippleNet. Garlinghouse celebrated the results and added that the ODL tokens are up 25x from Q3 2020, and 130% quarter over quarter. “All of this growth came from outside the US for (sigh) obvious reasons” tweeted Garlinghouse. Related Reading | Ripple Partners With Republic Of Palau To Develop National Digital Currency The report notes that Ripple’s ODL users have access to over 20 countries “for their payment needs”, and transactions over the Ripple network have more than doubled since Q3 2020. Ripple made sure to mention the effects of regulatory uncertainty, noting that their U.S. ODL flows were “essentially halted”. However, “international ODL volume has continued to surge”. ODL is thriving in regulatory jurisdictions that embrace innovation and understand that crypto is critical to creating a more inclusive, equitable and efficient global financial system. CEO Brad Garlinghouse Slams At The SEC SEC Chairman Gary Gensler is famous in the crypto world, but not for good reasons. Since filing the case against Ripple and its two executives a year ago, many have feared the possibility of falling subject to enforcement actions. Gesler has repeatedly called crypto the “Wild West of our financial system,” and Brad Garlinghouse doesn’t agree –nor does the community. The Ripple CEO stated that “Calling crypto the “Wild West” is a farce” noting that Gary Gensler “has taken an aggressively anti-crypto approach”, which he claims is making companies move outside the U.S. He pointed out that “Web2 was built with many American companies” and suggested that Web3 might not be given the same fair chance. Garlinghouse claims that most crypto-related companies “are complying with financial regulators globally” and added that “This industry shouldn’t be punished for asking for regulatory clarity & regulation that is consistently applied with a level playing field.” Garlinghouse referred to the SEC’s lack of clarity refusing to answer questions about the legal status of Ethereum and questioned: “Is the agency actually living up to its mission of protecting investors w/ regulation by enforcement & what Hester Peirce calls “strategic ambiguity”?” 2021 has been a watershed year for crypto. Acceptance and awareness of the opportunity to bring billions of people into the global financial community has never been so clear. It’s been incredible to see a lot less ‘maximalism’, and many more builders joining the industry.
I won’t be commenting about the relation, because if you know, you know and if you don’t, you don’t need to hear it from me. DYOR. Whether you believe it or not, this case has everything to do with Ethereum and that is fact so, I’m curious… How many of you have been paying close…
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So, I'm not into NFTs but I understand the basic concepts. While looking for more infos online I found a website proposing to host NFTs for "free": that means minting the NFT only when sold, so that you don't have to advance money for its creation. I feel there must be a scam somewhere: there's…
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