25 Burst results for "Microstrategy"
Cointelegraph
Crypto needs adult supervision and turmoil to grow up Microstrategy cofounder
"1 a.m. Monday, February 6th, 2023. Crypto needs adult supervision and turmoil to grow up micro strategy cofounder. The bankruptcies of one's high profile crypto players are painful, but helpful said Michael saylor, but added industry oversight is still needed.
Trustnodes
MicroStrategy Increased Bitcoin Holdings
"11 a.m. Friday, February 3rd, 2023 micro strategy increased Bitcoin holdings. Despite more than 2 billion in paper loses on their Bitcoin holdings, micro strategy has bought some more during Q four 2022.
Daily Crypto Report
"microstrategy" Discussed on Daily Crypto Report
"It's a eastern February the third and this is your daily crypto report Bitcoin is down slightly at $23,515. Ethereum is up slightly at $1651. And the binance coin is up slightly at $332. Micro strategy reported a fourth quarter loss after it wrote down the value of its Bitcoin holdings, the net loss for the quarter was 249 million as compared to a 90 million loss. The prior year, the company said the net loss had been affected by digital asset and pyramid charges of a 197 million share prices fell 3% in post market trading as analysts had been expecting ten and a half million in net income. Coinbase's stock was up, however, posting 21% gains following the dismissal of a proposed class action lawsuit against the firm that alleged coinbase facilitated the sale of unregistered securities. While cracking has shuttered its branch in Abu Dhabi and laid off 8 members of staff and the Mina region this follows wider restructuring by the firm that saw staff reductions of around 30%. The exchange's efforts in Abu Dhabi date to April of 2022 will crypto villain Craig Wright is headed back into the courtroom, his entity tulip trading will bring a case against 16 Bitcoin developers in London after previously being dismissed in March of last year, the UK Court of Appeals will apparently entertain his delusions the case alleges that the developers owe fiduciary duties and duties of care over their control of the Bitcoin network, the appeals court will see the case as the area of law is developing uncertain and complex and therefore they think it warrants a trial, the full trial is expected next year, the high level grifter has previously claimed to be Bitcoin's creator and lost that case in a Norwegian court last October. We'll Mastercard's NFT product lead is leaving the company and a somewhat artistic act they minted their resignation letter as an NFT suffix set the cited harassment and poor working conditions as reasons for leaving set thee is now working on join circle, a web three focused social platform, Mastercard, commented on their departure, saying we are aware of the concerns raised by mister sethi. We take them seriously, and they will be looked into. And finally, Bitcoin mining firm marathon digital sold 1500 Bitcoin in January saying their Bitcoin production is increasing and becoming more consistent. Marathon still holds over 11,000 Bitcoin. Another minor core scientific is trying to erase almost 40 million in debt owed to NYDIG by handing over their crypto mining rigs. The move is part of a chapter 11 proceedings for the firm and is subject to approval by a bankruptcy judge. Well, that's all for us today, visit us a daily crypto report dot IO for sources and links and listen to us everywhere else you podcast under daily crypto report. Hello, everyone. This is Jack Wilson. If you're looking for more good content, you might want to try the history of literature podcast, where we dive into everything from ancient epics to contemporary classics. Twice a week, we explore that special magic between an author, their words, and us. We've got some great guests lined up and our archives are plump, so feel free to check us out wherever you get your podcasts. That's the history of literature, a podcast for people who love books.
The Block
The week in markets Bitcoin dips while dogecoin drops 10 and MicroStrategy stock falls
"3 p.m. Sunday, January 1st, 2023 the weekend markets Bitcoin dips, while Dogecoin drops ten and micro strategy stock falls. Crypto prices declined slightly throughout the week, and micro strategy stock fell as the firm sold Bitcoin for the first time. The post the week in markets Bitcoin dips, while Dogecoin drops ten and micro strategy stock falls appeared first on the block
Bankless
"microstrategy" Discussed on Bankless
"But yeah, when you say market talk like this on crypto, Twitter just generally to people, I would kind of stay clear of it, no matter who it's coming from, because no one has a crystal ball, but if you are a long-term investor, then yeah, I mean, you can look at a few different kind of metrics out there and come to a conclusion based on that. And then the last set of tweets that we're going to go through in 2022. This will actually be the last tweets. Block works put out this article that I thought was pretty fun. Crypto, twitters, most like tweets of the year. There's 7 of them. And so we're going to go through them one by one. We're not going to talk about this one. We're just going to put it on screen and briefly move on. Number two, Vitalik Buterin about the merge. And we finalized happy merch to all this is a big moment for the Ethereum ecosystem. Everyone who helped make the merch happen should feel proudly today. Anthony, write this tweet out of ten. Like a hundred out of ten. This is easy. The merch was the best thing that happened this year and vitalik tweeting about it. I saw vitalik tear up on the stream, right? Like he was in like, I couldn't imagine the amount of happiness he was feeling, seeing the merge happen after working on it for so long. It's like his pride and joy, right? His baby. So yeah, I mean, this is the best tweet of the year for me. I mean, the merge is the best thing that happened this year is the best tweet. Yeah, that's not even not even hard for me to answer. Yeah, and the 194,000 likes. I think that, yeah, this makes it the talk's most like tweet. Coming in at number three, CZ. We need less divide in the world, more building, a 136,000 likes, Anthony, right this tweet. I mean, I agree with the tweet becoming from CZ, it's a bit ironic. CZs kind of like a redemption arc has been funny because he's like being able to have like a more positive view of himself because of SPF blowing up. But says he is still a villain in his own right to me. So I would say I agree with the tweet, but I think it's very ironic coming from CZ and out of ten. I mean, maybe 8 out of ten or something because that's what I've always believed in. Let's just keep building. But it would be ten out of ten if it came for someone else. CZ is a villain why is he a villain? To go into it would take me a while, but CZ has promoted some very shady and scary things in the past to make himself to make binance kind of successful. He got into bed with Justin sun and Tron during the last bear market. He was a very, very, very big promoter of them.
Bankless
"microstrategy" Discussed on Bankless
"We are back with some questions from the nation. We're getting these questions straight from the inner circle Discord. So if you are a bankless premium subscriber, and you would like to ask either me or Ryan, but this week, Anthony, a question, go into the bank of circle inner Discord and ask it in the brand new weekly roll up question section. The first question of the week comes from poser out of the inner circle Discord asks, how does asset compare with tornado cash? How is it security model? And why did you invest in it? Because this bankless listener knows that Ryan and I invested in NASA. And since Anthony also invested in Aztec, Anthony, you want to take this question? Yeah, so the main difference between Aztec and Toyota cache is that Aztec has a much broader kind of Skopje. I stick is a privacy preserving layer two or there are actually kind of rebounded themselves lately to an encrypted L two because they're using the term encryption instead of privacy. I think it's a really great rebrand. And I think it may be due to, I guess, the stigma around privacy, which unfortunately exists. But basically tornado cash is a mixer. A very good mixer, obviously, because found that kind of prudent to sanction it because it was so good at being a mixer. Whereas Aztec wants to be an encrypted layer. We're basically you can do privacy preserving transactions at their layer two while also Tapping into a layer one Ethereum liquidity. And they have this thing called Aztec connect and they have a bunch of apps on Aztec that allow you to essentially tap into Ethereum layer one liquidity while doing a transaction on Aztec layer two, which means that your transaction is still private. So I think it's very cool. I mean, as you said, I'm an investor in it as well. Basically because they're one of the only L two teams, if not the only one focusing solely on making a privacy preserving L two, which I think is incredibly interesting and incredibly needed. I mean, my two biggest ball cases for Ethereum or my two biggest things I'm interested sorry in Ethereum are scalability and privacy. And Aztec
Bankless
"microstrategy" Discussed on Bankless
"As designed, even if the development team did not fully anticipate all the consequences of setting parameters the way that they are, unfortunately, the exchange this took place on marketing markets became insolvent as a result with the insurance fund being insufficient to cover all liquidations. This led to other users being unable to access their funds to remedy the situation, I hope to negotiate a settlement with the insurance fund with the goal of making all users whole as soon as possible as well as recapitalizing the exchange. This man has now been charged by the CFTC for commodities fraud. Nice. Yeah, yeah, commodities for market manipulation. My main takeaway from this is I brought a kind of take where essentially it's kind of opens Pandora's box now. If you can prosecute for this or if you can charge for this, can you charge for people running MeV strategies? For example, there is a very toxic MeV strategy called sandwich attacks that pretty much everyone agrees with these extremely toxic and should be completely eliminated. But can the CFTC charge the MAV searches and maybe even the relayers for kind of helping this to happen? And I don't know. Maybe they're studying it, maybe they're trying to see if this can be considered a market manipulation, but it's all very subjective because there's also MeV and tried fire markets, and it's quite toxic as well, like payment for order flow, I believe, is quite toxic where the biggest players get to pay for the order flow information and then make money on that. Basically a form of MeV. So it's going to be interesting to see how that shakes out. But it seems like they're more so going after the individual rather than the actions that the individual for the actions he talked, but rather than the actual actions, right? So maybe just don't be so public about it and don't actually go out there saying that it's a highly profitable trading strategy when in reality you were just manipulating things and you knowingly did it, right? You knowingly manipulated the exchange, knowing that it would lead to losses for users. If you do it like that, then yeah, I mean, I think it's if you be brazen about it yet to be a bit more. Yeah, and the way that this works bank listen, if you're questioning how this happened is he basically took a large sum of money was able to move a market in one direction for an oracle price and then be able to take a position out of that market that he just moved in order to capitalize on it.
Bankless
"microstrategy" Discussed on Bankless
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Bankless
"microstrategy" Discussed on Bankless
"Than buying a's depending on your time horizon depending on how you look at these things. But I think generally, yeah, coin is just looks like to me like it's trading like the rest of the world thinks script always dead. Which they do right now. Yeah. And then, of course, we got Solana. Here is the yearly Solana candles. There's three of them. And the first one is a tiny, tiny little green candle. The second one is an absolutely gargantuan green candle with a huge wick all the way up to $280. And then the third candle where we currently are, is an absolutely gargantuan red candle, which goes all the way back down to the base of the green candle. We're going to talk about Solana coming up next. So I'll save some of your takes for that, Anthony. But I want to get your take on this one. This is a tweet from sauer hogg. Last FUD of the day, so Luna avax traded at $600. Is a index of saloon, avalanche, and Solana. I just said saloon, saloon. Solana Luna and avalanche that the index traded at $600. And now is worth $21. That is a big oof. Anthony, give me your hot takes. I have so should we save it for the Solana section? No, I mean, I can give one on this in particular. I think people are going to call me an 8th max no matter what I say. So I'm just going to give my honest takes here. This was perpetuated by people who were mercenaries. This was perpetuated by three iris capital. This meme of saloon avax. Which was funny because they didn't really have a sole position, but that had massive Luna and avax positions. They didn't care about fundamentals. They didn't care about how Tara was built on a House of Cards. They didn't care about avalanche just being an AVM fork and only really having any traction because of the bull market. They just cared about making money. And it's kind of an irony that they had so much money that they made. And they lost it all, but when looking at stuff like this and looking at it happening in a bull market, you really need to remember, if your first cycle you won't know this, but next cycle, you need to remember that people pushing this narrative do not care about you at all, all they care about is making money, they don't care about the projects. So I'm not surprised at all to see it come down like this because we already saw this happen last cycle, if you were around for them, we already saw similar things happen. But in terms of speaking to the fundamentals of these projects, yeah, it's never in line with that. And as we saw, Tara went to zero, Solana's not having enough great time and no one talks about avalanche anymore, at least from what I see. So yeah, but anyway, yeah, I haven't seen anyone. Avalanche has not shown up in my feeds either. Although people in the bank was Discord, do say that there's exciting stuff there that I should explore. Something I'm not going to explore, though. I thought this was pretty funny. So hex, the Richard Hart's baby, down 97%. Of course, a very polarizing coin on crypto Twitter. There's definitely an army of hexagons out there that are going to come onto my mentions just because I brought it up.
Bankless
"microstrategy" Discussed on Bankless
"Midyear when 8th bottomed in June because of three AC puking all their STE for eth and then selling that 8th from there. But we bounced back from that. And now we've just kind of stuck in this range for the whole year, which, as I said, I think is incredibly bullish. There are people calling for HPT to actually nuke, maybe next year or something. I haven't heard people call for it to nuke soon. Yeah, I mean, I've been hearing it all year from particular people, but I look at that and I'm like, well, look, if you're just looking at charts, maybe you can come to that conclusion. If you're just looking at historical kind of chart data. But the biggest thing for me is the merge. And that's what's affected 8 BTC the most. By removing that cell pressure off that we would have had from miners, that's why I believe 8 BTC is so strong, at least. And there's other reasons as well, but I think that's a cool reason. And if you're just looking at charts, they're not going to show you that. Charts, they historical charts will just show you Ethereum in the proof of work era, right? It's not going to show you with you in the proof of stake era. Yeah, what do you make of this trend? So we have this very long-term trend from almost 2019 of eth BTC just going up and to the right, but then we have the short term trend of it coming down. I am not a TA charter person, any TA person looking at the chart right now is going to cringe. But just what do you make of this convergence of kind of short term bearishness versus long-term bullishness on the eth BTC ratio? Yeah, I mean, I think since 2028 has really come into its own thing. 8 is viewed a lot more positively by the wider market. Now, it is still viewed as more risky than BTC, though. That's why you'll see the kind of volatility here, and you'll see things, especially in big sell offs, you'll see each selling off harder than BTC, but I think more and more people understand the 8 ball case now than they once did.
The Bad Crypto Podcast
"microstrategy" Discussed on The Bad Crypto Podcast
"So, you know, hey, a break-even is not the worst thing that you could do for a business. Considering a lot of people are struggling and going out of business. Well, some would say that was the whole point of COVID in a lot of ways was to get rid of small business, right? Because you think about it, like, don't go to the mom and pop shots and disperse yourselves instead concentrate everybody in the Walmart and target. During three hours during the same three hours. Yeah, let's all go there now. Makes no sense. Yeah, so crypto, you know, the people who were mining Bitcoin, they are now starting to accumulate more of this, it's saying here. So that to me, that could be a little bit of a bullish sign because they're not always getting the crypto and immediately selling it, which keeps the price down. We want them to accumulate it because that could create buying pressure, right? So we want that. Hold on to your cryptos, gang. So, you know, people give Michael saylor a hard time. And of course, he has accumulated and accumulated and accumulated for micro strategy and he has lost 45% of his wealth and they've bought more the average price now of Bitcoin for microstrategy is $30,397. They acquired 2395 more from November 1st through December 21st. I think they then sold, they took a small loss here on December 24th, but I don't know, it's going to be really interesting to see. I don't know what happens if it goes down to ten, 11, 12,000. Probably just going to keep buying it. So Michael saylor is all in. He is convinced. And when you start seeing a lot of these other cryptos falling and just crashing and burning and it really makes you go, man, Bitcoin, this hasn't really happened to Bitcoin. Yeah, was that $70,000, right? Ish, and then it's gone down, but some of these other tokens have gone down 99.99%, right? Someone just completely tanked, right? You know, so it's kind of wild to look at it. Actually though, with Ethereum almost hit in 5 grand and then now here it isn't about 1200, if it's probably done, you know, it's done pretty decent compared to the other ones. Realistically, it's gone down four fifths of the value. It's only gone down 80%, Joel. If my math is correct, if there's 21 million Bitcoin ever, and micro strategy holds a 132,000, isn't that more than half a percent of the entire supply, I think the half a supply percentage won't be at 210,000? Well, no. One percent would be 210,000. So he's got more than half a percent of the entire supply of Bitcoin. Yeah. Like if it does go to quarter $1 million, I mean, wow. The people are going to come back and look at him going, man.
CoinDesk Podcast Network
MicroStrategy's Big Bitcoin Bet
"I'm gonna get us started off. Did you think we'd be talking about Michael sailor in this last week of the year? I sure didn't. But micro strategy is still buying up Bitcoin. The company purchased $42.8 million worth of Bitcoin between November 1st and December 21st according to an SEC filing and on the 22nd the company sold 11.8 million worth of Bitcoin to offset previous capital gains, the sale marks the first time that micro strategy has sold its Bitcoin since they began buying it in 2020. Will I am going to pass this off to you. What do you make of this? Micro strategy is just still going strong with their Bitcoin thesis. Is headline is all wrong. We should have a completely different headline. That is that they sold Bitcoin, not bought it, just kidding, of course. This is big news that there's still buying Bitcoin. We'd love to see that. They did sell some Bitcoin, does seem to be for the tax harvesting aspect of that. And for those who are unfamiliar with it, in cryptocurrency and a few other assets, you do have the ability to sell your crypto and to sell into losses and then take a tax benefit for selling it. With securities and stocks and all that stuff, there is a 30 day wash rule, and there's some other components around it that you have to make sure that you follow. And so you don't really get the benefit that you do with crypto. So for a lot of people in November and December, you see a lot of cells. You see a lot of people unloading their digital assets at the end of the year in order to benefit from a loss on your digital assets and roll that into taxes for the next year, which is a great benefit of being in crypto. We'll see if that continues going to the future with IRS rules. But for right now, why not take advantage of it? Stellar buying Bitcoin though, I think that's important to note that Michael saylor, even though he stepped out of CEO, is now overseeing a micro strategy in different way, is still Bitcoin bull. They're still going to be purchasing Bitcoin. This is not a huge purchase compared to some of them in the past. And they're still actually pretty underwater on their overall purchases based on Bitcoin's price right now. But they still seem to have dry ammo and are willing to put more money into Bitcoin, even though we are in a down cycle right now.
Protos
MicroStrategy and Silvergate are 2022s most shorted crypto stocks
"1 p.m. Friday, December 16th, 2022. Micro strategy and silvergate are 2020 twos most shorted crypto stocks. With a hawkish fed and structural risks affecting crypto markets, short sellers may feel they can short the industries weakest links. The post micro strategy and silvergate are 2020 twos most shorted crypto stocks appeared first on protos.
Coin Edition
MicroStrategy Founder Advocates Bitcoins Power in Recent Tweet
"7 a.m. Monday, December 5th, 2022. Micro strategy founder advocates Bitcoin's power in recent tweet. Michael saylor tweets no one can stop Bitcoin when the right time comes. He shares a list of countries with a percentage of crypto owners for October 2022. Sailor shares advice on how to purchase BTC during a bear market. Micro strategy founder Michael saylor recently tweeted that no force on earth can stop Bitcoin when. The post micro strategy founder advocates Bitcoin's power in recent tweet appeared first on coin edition.
Cryptonary
"microstrategy" Discussed on Cryptonary
" For a.m. Thursday, June 30th, 2022. Micro strategy once again buys the dip as BTC is back above $20,000. Michael saylor, the CEO of micro strategy and American company that provides business intelligence, mobile software, and cloud based services revealed via Twitter posts that his firm had once again bought the dip with 480 BTC at an average price of 20,817 per Bitcoin BTC as the market remains bearish. Microstrategy saves the day micro strategy has purchased another 480 BTC and it seems that the crypto community is divided on the same. Peter Schiff, one of the biggest advocates of gold and a huge critic of Bitcoin commented on sailor's post questioning his purchase. Micro strategy has purchased an additional 480 bitcoins for 10.0 million at an average price of 20,817 per Bitcoin. As of 62,822 micro strategy holds 129,699 bitcoins acquired for 3.98 billion at an average price of 30,664 per Bitcoin. 8 17 Michael sailor sailor June 29th, 2022, increasing your stake by less than .004 seems more like an attempt to influence the market by demonstrating your conviction to other. The post micro strategy once again buys the dip as BTC is back above 20 K appeared first on krypton area.
Cryptonary
MicroStrategy once again buys the dip as BTC is back above $20K
"For a.m. Thursday, June 30th, 2022. Micro strategy once again buys the dip as BTC is back above $20,000. Michael saylor, the CEO of micro strategy and American company that provides business intelligence, mobile software, and cloud based services revealed via Twitter posts that his firm had once again bought the dip with 480 BTC at an average price of 20,817 per Bitcoin BTC as the market remains bearish. Microstrategy saves the day micro strategy has purchased another 480 BTC and it seems that the crypto community is divided on the same. Peter Schiff, one of the biggest advocates of gold and a huge critic of Bitcoin commented on sailor's post questioning his purchase. Micro strategy has purchased an additional 480 bitcoins for 10.0 million at an average price of 20,817 per Bitcoin. As of 62,822 micro strategy holds 129,699 bitcoins acquired for 3.98 billion at an average price of 30,664 per Bitcoin. 8 17 Michael sailor sailor June 29th, 2022, increasing your stake by less than .004 seems more like an attempt to influence the market by demonstrating your conviction to other. The post micro strategy once again buys the dip as BTC is back above 20 K appeared first on krypton area.
CoinMarketRecap: Daily Crypto News
"microstrategy" Discussed on CoinMarketRecap: Daily Crypto News
"Despite all of this, micro strategy's <Speech_Male> president and CEO <Speech_Male> fang Lee <Speech_Male> says the company <Speech_Male> <Advertisement> is in it for the long <Speech_Male> haul. <SpeakerChange> We've <Speech_Male> not sold any Bitcoin <Speech_Male> today. <Speech_Male> To reiterate <Speech_Telephony_Male> our strategy, <Speech_Male> we seek to acquire <Speech_Male> and hold <Speech_Telephony_Male> Bitcoin <Speech_Male> for the long term. <Speech_Male> We do not currently <Speech_Telephony_Male> plan to engage in <Speech_Telephony_Male> sales of Bitcoin. <Silence> But have a <Speech_Music_Male> long-term time horizon <Speech_Telephony_Male> in the core business <Speech_Male> is not impacting <Speech_Male> by the near term <Speech_Telephony_Male> Bitcoin price <Speech_Male> for the fluctuations. <Speech_Male> <SpeakerChange> Lee <Speech_Male> also revealed that Bitcoin <Speech_Male> lightning could be <Speech_Male> a crucial <Speech_Male> driver of micro <Speech_Male> strategy revenues <Speech_Male> going <SpeakerChange> forward. <Speech_Male> We are in the initial <Speech_Male> stage of exploring <Speech_Male> innovative <Speech_Telephony_Male> lightning applications <Speech_Male> for cybersecurity <Speech_Male> use cases <Speech_Male> to help enterprise <Speech_Telephony_Male> customer secure <Speech_Male> networks monetize <Speech_Male> websites <Speech_Male> and deploy <Speech_Male> wallets in <Speech_Male> mass using <Speech_Male> Bitcoin. <Speech_Male> While our core focus <Speech_Male> remains on BI <Speech_Telephony_Male> innovation, we <Speech_Male> believe we're uniquely <Speech_Telephony_Male> positioned to bring value <Speech_Male> in this area <SpeakerChange> also. <Speech_Male> And my <Speech_Male> Chris strategies recently <Speech_Male> appointed executive <Speech_Male> chairman <Speech_Male> Michael saylor, <Speech_Male> stressed that <Speech_Male> even despite the <Speech_Male> current downturn, <Speech_Male> amassing all <Speech_Male> of this Bitcoin <Speech_Male> has been <SpeakerChange> the right choice. <Speech_Male> I'm <Speech_Male> delighted to <Speech_Telephony_Male> report to all the shareholders <Speech_Male> that <Speech_Male> since micro <Speech_Male> strategy <Speech_Telephony_Male> adopted the Bitcoin <Speech_Male> strategy <Speech_Telephony_Male> on August <Speech_Telephony_Male> 11th, <Speech_Male> <Advertisement> 2020, <Silence> <Speech_Male> our stock has outperformed <Speech_Male> <Speech_Male> all of the major <Speech_Telephony_Male> asset classes <Speech_Telephony_Male> that we benchmark <Speech_Male> ourselves against. <Silence> It <Speech_Male> has outperformed <Speech_Male> all big tech <Speech_Male> stocks and <Speech_Male> we have outperformed <Speech_Telephony_Male> all enterprise <Speech_Telephony_Male> software stocks <Speech_Male> that we benchmark <Speech_Male> ourselves against. <Silence> <Speech_Male> You can <Speech_Male> see from this chart, <Speech_Male> <Speech_Male> <Advertisement> we are up <Speech_Male> <Speech_Telephony_Male> as of <Silence> <Advertisement> <Speech_Male> <Advertisement> as a 4 p.m. <Speech_Male> yesterday. <Silence> October <Speech_Male> <Advertisement> 31st, <Speech_Male> we are up a 116 <Speech_Telephony_Male> <Speech_Male> percent since we <Speech_Male> embarked on this <Silence> strategy. <Speech_Male> And <Speech_Telephony_Male> I think <Speech_Male> the most important benchmark <Speech_Telephony_Male> we compare ourselves <Speech_Telephony_Male> against is <Speech_Male> Bitcoin itself. <Silence> <Advertisement> And <Speech_Male> <Advertisement> Bitcoin <Speech_Telephony_Male> and that same time <Speech_Telephony_Male> period is <Speech_Telephony_Male> up 72%. <Silence> <Advertisement> <Speech_Male> <Advertisement> So <Speech_Male> we have managed <Speech_Telephony_Male> by our strategy <Speech_Telephony_Male> to <Speech_Male> capture <Speech_Telephony_Male> all of <Speech_Male> the Bitcoin <Speech_Male> <Advertisement> gains <Speech_Male> with a boost. <Speech_Male> <SpeakerChange> <Speech_Male> Make <Speech_Male> a doubt cofounder <Speech_Male> Nikolai mutch <Speech_Male> gein has been found <Speech_Male> dead in Puerto <Speech_Male> Rico. He <Speech_Male> was 29 years old <Speech_Male> and reports <Speech_Male> suggest he was swept <Speech_Male> away by sea <Speech_Male> currents on October <Speech_Male> 28th. <Speech_Male> Although <Speech_Male> his body was later retrieved <Speech_Male> by rescue <Speech_Male> officials, he <Speech_Male> was showing no vital <Speech_Male> signs. <Speech_Male> Fellow make a <Speech_Male> Dao cofounder rune <Speech_Male> christiansen paid <Speech_Male> tribute to Nikolai <Speech_Male> and said the <Speech_Male> protocol would have been <Speech_Male> toast without <Speech_Male> him. Some <Speech_Male> on crypto Twitter <Speech_Male> pointed to tweets that were <Speech_Male> apparently written <Speech_Male> by much gein before <Speech_Male> his death, <Speech_Male> raising concerns <Speech_Male> about his mental <Speech_Male> health. <Speech_Male> <Speech_Male> And a blockchain conference <Speech_Male> in Singapore <Speech_Male> has secured a <Speech_Male> rather unlikely <Speech_Male> keynote speaker <Speech_Male> Boris <Speech_Male> Johnson. The <Speech_Male> former British <Speech_Male> prime minister has just <Speech_Male> failed as a fresh <Speech_Male> attempt to return <Speech_Male> to Downing Street. <Speech_Male> Johnson <Speech_Male> is set to be joined <Speech_Male> by former U.S. <Speech_Male> vice president Dick <Speech_Male> Cheney at the <Speech_Male> international symposium <Speech_Male> on blockchain advancements, <Speech_Male> and <Speech_Male> it's fair to say both of <Speech_Male> them will be compensated <Speech_Male> handsomely <Speech_Male> for their appearances. <Speech_Male> Reports <Speech_Male> suggest <Speech_Male> Johnson was recently <Speech_Male> paid over $150,000 <Speech_Male> <Speech_Male> for taking <Speech_Male> part in a short <Speech_Male> speech and a fireside <Speech_Male> chat at <Speech_Male> an insurance conference <Speech_Male> in the U.S. <Speech_Male> at present. <Speech_Male> There's little <Speech_Male> detail on what Johnson <Speech_Male> will actually be <Speech_Male> discussing during this <Speech_Male> blockchain <SpeakerChange> focused <Speech_Male> event. But some <Speech_Male> on crypto Twitter <Speech_Male> pointed to his <Speech_Male> pretty chaotic <SpeakerChange> <Speech_Male> speaking style, <Speech_Male> in case you're <Speech_Male> unfamiliar, here's <Speech_Male> a clip from last year <Speech_Male> when his speech to business <Speech_Male> leaders <Speech_Male> took an unexpected <Speech_Male> turn. <SpeakerChange> So <Speech_Male> with safer streets <Speech_Male> <Speech_Male> with great <Speech_Male> local schools <Speech_Male> with fantastic <Speech_Male> <Speech_Male> broadband.
CoinDesk Podcast Network
"microstrategy" Discussed on CoinDesk Podcast Network
"But they provide billions of dollars in the market every day as they provide liquidity across multiple venues. And last week, the platform was named as the official DeFi market maker for the Tron network and they're treating this as a white hat hack and apparently this happened because the hacker took advantage of discovered vanity addresses and there was a vulnerability. So unfortunately, another day, another hack in crypto, I want to throw this over to will for being sassy this morning. Yeah, I guess that was pretty well with me being sassy and people losing money. But that is what happens in DeFi, right? We've seen a lot of these sources this year, regardless of how smooth the merge is, applications on top can still be in a precarious position because we're still learning how these things work, right? We've seen a lot of exploits this year, and this one just follows up on more of those. $160 million is obviously nothing to sneeze at. Luckily, winter mute, which like you said, Wendy is a very prominent player within crypto as a market maker, OTC desk, trading firm, is more or less fine. Definitely took a hit, no one wants to lose a $160 million, but they have equity and other tokens on hand to shore up their own books. The interesting thing about this story is how technical it is, right? So I saw a few tweets about this. They're still trying to figure out exactly what happened, but like you said, it seemed to be a vanity address break, which essentially means someone pointed a lot of computing power as some address was able to figure out the private keys behind these addresses and then exploit for fun. So at least that's what we know so far. That's a pretty technical hack. It means that someone really knew what was going on. It really digging into the GitHub files of winter mute or at least familiar with what winter meat was doing. This kind of shows you what the frontier is for a lot of these exploits as things become more progressive as things become more secure. You're going to see some of these hacks that are a little bit more sophisticated than the ones we've seen in the past. I think back to DeFi summer, a lot of hacks, a lot of them were not that complex, to be honest. They were well-known, reenters the attacks that have been documented for at least a few years at this point. But everyone was so new, all these projects were so new. No one really knew exactly how to go about securing their chains or securing their projects or a few years past that. Now we have a little bit more sophisticated hacks. Still the same amount of danger, right? You're still going to lose millions of dollars. But it's a little bit harder to pull off. Do you know any of those story over to you, get your take on it? Yeah, I mean, we speak about a different hack, like every other week, so much so that I've called for control to create a wipe that says crime time. I don't know if they've done it. I think the story and all of the stories is just a reminder of how easy it is to track the criminals in this ecosystem. So I think it's really easy for newcomers to the space to read these headlines and be afraid to interact with DeFi protocols, be afraid to enter into the crypto ecosystem. But the hacker's address has been identified and I think it's really important to highlight that aspect of the stories when we talk about hacks, but I thought was interested interesting is the CEO said they're treating this as a white hack hacker and they're encouraging the hacker to come forward. But are you able to treat hacks like this as a white hat or a gray hat? Isn't it the actual hacker that needs to identify themselves? As this, it feels like a little bit of a PR spin. They're like, yeah, we got hacked, but we think it's a white hat hacker and hacker. Please come forward and say that. Do not assume anybody's title in 2022. Okay. But I wanted to add on to this. So there's hacks and their security vulnerabilities that happen in every single industry, especially healthcare and traditional finance. Nobody talks about it and the reason why is because everything is super hidden. But with crypto, oh my God. We have this thing called a public ledger to where we can see things happen in real time. Like, oh my God. What if I'm just kidding? But the good thing is is that we are able to see these types of things that are happening. We're able to see these bad actors. I believe when I saw the original post CZ did comment. And he said, let us know, lit binance. Now, if you need anything, we're monitoring addresses now, which is good. But at the same time, it's still not a good thing because this gets pushed out to mainstream media and highlights in the negative aspect of crypto. Could just be easy though. You don't know. It's true. I have about 800 cs in my comments every day and I'm just so honored that. It's easy clones. All right, let's move on to another topic that happens often outside of the crypto industry, but here we talk about crypto. So digital bank revolut has a had a data breach. And 50,000 customers could have been affected. It's revolution, which offers crypto trading services, notified Lithuanian authorities of an incident which included phishing. They said customer names addresses and emails might have been affected.
The Bad Crypto Podcast
"microstrategy" Discussed on The Bad Crypto Podcast
"Network like a few room foundation for premium so like tongue laps in collaboration with initial members of the networks. The network is in the score is decentralized from its in the grassroots So from the scratch it was decentralized and the community of different stakeholders launched the protocol so this community of initial members to that developments of the telegram open network So like unit configured and tested and made to to work smoothly in production and it was done for months.
The Bad Crypto Podcast
"microstrategy" Discussed on The Bad Crypto Podcast
"Two thousand five hundred sixty dollar put option and in so since he bought all of those in the price when the when the price of a theory of tank. Down the seventeen hundred. That's when those options were or were due in so figure that five thousand a contracts and then he had eight hundred and sixty dollars that he would have to pay back on each one because he thought the price was going to be over two thousand five hundred dollars and so you're looking at five thousand times eight hundred sixty dollars Looks like that's about four three million dollars. That's the case is depending on when exactly. His price was I it got down to seventeen hundred. But i don't know exactly when the call price was but somewhere in there and so that's how he had a. That's why owed so much money on that. That's crazy amount. Yeah i you will not find me going down that road of playing with trading as just It's too stressful too. Stressful from an area of less stress though is the nf t world in quito has announced that their gallery treasures. The claude monet collection piece has dropped on davinci and they've got all kinds of cool bids go to the show notes and look at this piece of art. It's really it's beautiful. It's the woman with a parasol artwork. It's framed it's spinning around. And i love the quality of the stuff. That quid is ramping. up they're not just collectibles from marvel in blockchain heroes. Now they've got some classic artwork and doing some cool three d. stuff and i think we've announced it before but we are definitely doing another series on quid. It was super successful. With that of blockchain heroes in blockchain heroes first-strike will be coming out soon late and those some of those are going to be mental. So you're gonna want to wax you're gonna want to keep up on that. I think that covers the news sirloin travis. We have a We have an interview that we want to share with people. Shall we go to that. So from that telegram thanh project that was shut down by the sec. We've had something rise up from the ashes like a phoenix joel. Indeed we have. They reached out to us. It's called the free ton network. I'm like oh this is really interesting because this is all community driven. Decentralized blockchain and in all of our crypto spotlight segments are sponsored segments..
The Bad Crypto Podcast
"microstrategy" Discussed on The Bad Crypto Podcast
"They're going to be so it's gonna be. It's gonna be unbelievably bad for a lot of people and if you think and if you hear what they the world economic forum has been talking about they said hey. The great reset is company is coming. You're gonna own nothing and you're going to be happy. And what and then you see that there's companies like blackrock right now. Which are you know. Big hedge funds an investment companies. That are going in and buying all of these single family homes in some cases are coming in and buying the entire area of homes in. They're buying them fifty fifty percent more than they were originally asking. Sometimes one hundred two hundred percent more black rock is buying single home family so this this whole thing like it seems like we're in. This orchestrated collapse right now. And it's been a slow move in. It's almost it's a slow boil in most of the frogs in the pan. Don't realize they're about to be boiled. Joel now you're just being a conspiracy theorist if by conspiracy theorist you mean somebody with facts and data and evidence on their side. This is all actually happening. This is all provable. There's no surprise it's painful for folks who don't know that it's there and that's why we'll get emails from folks we've listened to your show for years you know travis is saying these conspiracy theories needs to calm down and blah blah blah. I'm like these are fact based research. These are things that you need to research. Don't just take my word for it and go. Oh wow don't just go. Travis is a coup and he says this people have been saying that. I'm a kook since the year. Two thousand. And i've been proven right time and time and time again because i do research and i go outside the bounds of traditional media and other. There's another guy who sometimes pops his head in here away. I think in fact he's here now he might be able to relate to you traps. Alex alex jones is that you got gotta tell you something here. I've.
The Bad Crypto Podcast
"microstrategy" Discussed on The Bad Crypto Podcast
"And then over time the price gonna keep going up so it's gonna go up. It's going to go down. But the general consensus from experts smarter than us in this in this world around the space and saying that it's going to go over one hundred grand someday probably over a million dollars someday. So if you're just nagging a little bit here. And they're not worrying about the prices it goes up and down. Just keep keep stacking sats as they say. Then you'll probably be better off the long run while there are others out there that feel likewise and there's a gentleman by the name of ric edelman is founder of the financial advisory outfit element financial engines. He says bitcoin in crypto assets or a completely new and different asset class. That have nothing in common with stocks bonds real estate oil or commodities. He said this is the first genuinely new s class at about one hundred and fifty years and he is trying to educate his peers. He's telling his colleagues they need to get rid of their bias in examine. Bitcoin crypto acid with open eyes in genuine curiosity. You know others have come around. A lot of people are covered around. There's a lot of people that that laughed about bitcoin. In the beginning that are now coming around and it takes a lot of courage and humility to be able to say you know what. I think i was wrong about this and You know i'm crypto curious. Now i teach me more this. Bitcoin a When you're at the beginning of that you're going to say yeah. There's a guy talking about talking about the genuine asset. Rick flair.
Bloomberg Radio New York
"microstrategy" Discussed on Bloomberg Radio New York
"Bloomberg Quick takes Tim instead of it from Bloomberg radio. Okay, so before we were talking about the price of game stops stock every day, we were doing the same thing with Big corn. Carol Remember, it ran up 305% in the last year, and it's a rally again this year. Yet Remember in December. It's like every day. It's like, Okay, Here's where Bitcoin is. Here's where, you know, moved in the last day. And this week, Elon musk support for Bitcoin and a record run up in ether help take the market value of digital tokens to an all time high. Which is why one listener said to me, you have got to get on Michael Saylor, chairman, CEO and founder, MicroStrategy who has been as we know Tim buying a Bitcoin in the last year or so. He joined you along with Bloomberg Intelligence Commodity strategist Mike McGlone, who covers Bitcoin. Michael Saylor began by talking about his holdings and that buying spree We've invested all of our free cash and we've borrowed $650 million, so I don't know 200% of our balance sheet. Something like that, But But we're up about 1.2 billion since we started buying so So we have a lot of Bitcoin in terms of our strategy. We were buying it a 10,000. We're buying it at 11,000. We bought it in 19,000 and 21,000 and 31,000. I announced to the world that we bought our last batch of $10 million worth of 33,800. I think we'll be buying it forever. Forever. What? Where do you see it going? Quiet. Well, yeah, we know we do You like it? Where do you see the value going? We've had, you know various guests. Come on and talk about a quarter of a million dollars. Where do you see it.
860AM The Answer
"microstrategy" Discussed on 860AM The Answer
"Welcome back to the dam prop show. Let's talk a little bit about the future of money and financial transactions in the digital age. We talk to bid on Friday with Scott, the Cow guy Show Lady about Bitcoin after it rained upto north of $40,000 a coin that's It's not receded back to a little under $34,000, but it's generating a lot of interest as it has for Really many years more pronounced as you've seen the skyrocketing price. Our next guest is somebody that is an unabashed crypto enthusiast, proponent and somebody that I wish I would have listened to about. I don't know a year and a half ago when Bitcoin was that, like three grand, but still it's still a little bit unclear. To me. There's this is not without Issues to traverse and so help us traverse them. We're joined by The sausage king of Chicago's offspring. He is a from in junior. At least that's the name he's allowing us to use to have him on the program. Abe, thanks for joining us appreciate it. So here is the one perspective on the recent run up what was driving the recent run up in price. Based on the possibility that that major corporations would start adding Bitcoin and Cryptocurrencies to their balance sheets. If that is a fair read. Ultimately, those big corporate players are gonna want institutionalized. Mainstream crypto assets. They're not gonna mind heavily regulated crypto assets, crypto linked financial institutions. And so isn't this. The challenge of crypto assets staying sort of fringe, but all while getting mainstream, and if once they go mainstream, doesn't the Scarcity. And thus the price change. Yes, And when I speak bulls about crypto, I'm what most people would call a big queen maximalist, and that's maybe 90% true. Other stuff is interesting, but really in my world In my world view, Bitcoin is really the king of the crypto currencies that it's obviously being supported by its price rise, But Really. The biggest news of 2020 was when Michael Saylor took MicroStrategy's public well. They were publicly traded company, but he went public with the information that they went ahead and bought. I think it was Well, it was $250 million worth of Bitcoin when it was you know, they started accumulating it early in May in June, when I was about 8 $9000, you know, he later than disclose that he put another quarter. Million dollars of his own money into it also, But at the end of the day, that was absolutely I think people are gonna look back in history and see that as being a bit of a wake up call to anybody who's in charge of corporate Treasuries that they need to diversify their asset class out of the dollar and on hedge a little bit into the world of Bitcoin and what attracted me to big claim when he first learned about it back in 2014, and I'm totally self educated on the topic just for the record, but Literally the way that the code restrict supply. No other crypto currency has the strict supply limitations that Bitcoin has, even if a crypto currency claims that it has You know the ability to restrict the supply. There's still run by humans and groups of humans, small groups of human that can go ahead and make decisions to go ahead and change that coin supply. Whenever they want. S O big point doesn't have that There is no CEO Bitcoin There is no corporate headquarters. There is no place for the SEC to go drag somebody in front of, you know our congressional hearings, dragging people in front of it and brow, beating him in front of cameras. For political points. So that is what Bitcoin is. So yeah, but so so then what is it is that's the four corners of Bitcoin's value as a store of value, like gold is and that's it, or is there functionality or you use in financial transactions? That that provides, you know, Maura attractiveness than that, Just as a store of value. Absolutely. I mean, the sort of value is kind of the current thing. And you know the other thing, too, to consider about. Bitcoin is whatever the thing is, that people are talking about today is going to be a different thing. Six months from now and 12 months for now, in 18 months from now on, that's that's part of the fun of Bitcoin itself is the fact that the Commentary is constantly evolving. So I mean, ultimately, the reason I kind of stopped doing public speaking or, you know, kind of seminar. So to speak. Is that the on Lee reason people were there is to find out how How can I make more money with Bitcoin? And when I'm being money, I'm talking us dollars, And I kind of became a bit of a cynic because that was all people want to talk about was the price of Bitcoin. I said, there's there's a lot more interesting stuff. That is happening that is going to be built on top of Bitcoin as a financial services, the Internet of money that's not controlled by, you know by governments, Um anybody who's been involved in you know the banking system was a small business owner. If you get a wire hung up, you know, for 3456 days you have no recourse waiting for the banks to figure out what happened. That that doesn't happen in Bitcoin Bitcoin. You can move value within minutes. You get transaction ideas within Seconds in value. Transfers. Settle, you know, within minutes a half hour 45 minutes. So this is an important point about the transactional utility of Bitcoin. I wanna Pick up on that when.
Bitcoin Radio
Cryptocurrency and Domains: Real Estate in Cyber Space
"Was listening. Talk about domain. That how you view them as as real estate in cyberspace almost as well as a fixed asset like you find correlations. They're not to get to deviated from cutting your story but like when you look at bitcoin you see any parallels domains or about digital scarcity only one person can own the word voice on the dot com network so the dot com is like the main chain dot. Edu a secondary chain dot io or or dot org. These are all secondary change but the dot com was the primary domain chain. Only one person own voice. One person can own strategy or wisdom or mike or michael and early on. I was very obvious to me that if you owned domain that people understood that they could spell that they could type. That was a much better idea than having the company which is hard to spell and hard to type like imagine. Misspelling a word today as the name of your company it used to be marketing. Guys would say misspell the word. So it's unique but if you try to type a misspelled word into your browser. The spell checker corrects it. So you gotta like a won't correct voice won't correct mike and it won't correct strategy but it will correct strategy with two is and so you can't name. Your company's strategy with two is a why because you can't type it into the browser. It was very obvious to me back. Then that only one person could own the word wisdom on the dot com work. I and they were dirt cheap so i thought i mean not. I couldn't buy from nineteen bucks. But i could buy it for one hundred thousand dollars and if you had one hundred thousand dollars lying around you could buy the word wisdom well. How many people know demeans couple of billion how many people have been taught for eighteen years to the meaning of wisdom and how to spell with them. So you're talking about there must be two three four billion people on the planet that actually know how to find you. If you're sitting on the wisdom domain so so that was the idea behind domain scarcity relates to bitcoin because bitcoin is about digital scarcity all crypto so bitcoin is the main chain dominant chain. I mean there's a theory and then there's car donna and there's llosa and everything else that falls off it's not unlike dot com is the dot. Edu is dot io is the dot. Tv walk clearly. You want to be on the main chain if you can and you want to own scarcity and so i got excited about it back then. Here's what i thought like. If you have the word voice for the next thousand years voices going to mean voice in the english language and if there's ten billion human beings to learn how to speak english even if they spread all the way across the stars voice is going to be voice. And what's what's great about a brand well if you name your company or your product that thing and if a billion people can hear it in one second remember it spell it type it find it valuable. I mean that's worth a billion dollars to own tone a fundamental word on the main chain. So that's why. I bought them and held them. And eventually i sold voice for thirty million dollars last year. I didn't want to but it's the highest quality ears right. Yeah i did. It's the highest price. Anybody ever paid for naked domain. And i kind of wanted just to create a comp and the market so people would realize these things are valuable so the next one goes for one hundred million and the next one goes for five hundred million and the next goes for a billion. But you're talking about owning the english language. What's that worth just like. Bitcoin is about owning one. Twenty one millionth of everything. There's ever going to be like what's that worth right. If more than twenty one million millionaires. Everyone can own a bitcoin right. The only issue is is is dot com the main chain and is bitcoin. The main blockchain right. And what makes it the main one. Well at the fact that everybody uses it. What makes it the main one. And so of a billion people go there first and if they end their conditioned goes to google dot com amazon dot com apple dot com facebookcom numbers going to facebook dot tv so so once you get hundreds of billions or trillions of interactions on a main chain it becomes dominant and that becomes a dominant network. And so i got into that.