MicroStrategy Q1 2023 Revenue Soars and Bitcoin Strategy Still in Play
MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …
Continue Reading
Zimbabwe Nears Completion of Legal Framework for Gold-Backed Digital Tokens
The Reserve Bank of Zimbabwe(RBZ) intends to roll out a digital currency supported by gold in order to stabilize the Zim dollar. These tokens are basically electronic money underpinned by the central bank’s gold reserves, which will provide holders of the local currency with an opportunity to safeguard against its instability. The laws for those digital tokens backed by gold …
Continue Reading
Adidas and Pharrell Launches Exclusive Digital Wardrobe for Doodles NFT Holders
Adidas, in partnership with renowned musician Pharrell Williams, has unveiled an exclusive digital clothing collection for Doodles NFT holders. Williams, a celebrated record producer responsible for chart-topping hits like “Happy,” has been associated with the Doodles 2 Character Builder project since June 2022, when he took the role of Chief Brand Officer for the innovative startup. Digital Fashion Meets NFTs …
Continue Reading
Floki Inu Surges After Listing on Binance.US, Becoming Top Memecoin in the Crypto Space
Floki Inu, a popular meme token, has gained significant momentum in the decentralized finance (DeFi) space after being listed on Binance.US, the world’s most widely recognized crypto exchange for U.S citizens. This achievement has led to an increase in social interactions and market activity, making it the leading memecoin in the industry. Listing on Binance.US Sparks Momentum On April 24, …
Continue Reading
Solana Labs Unveils Revolutionary ChatGPT Plugin and $1M Blockchain-AI Fund
Solana Labs, a distinguished blockchain studio that specializes in developing decentralized finance projects on Solana, has recently announced two groundbreaking initiatives. The ChatGPT plugin and the $1 million Blockchain-AI fund are the two latest additions to their innovative portfolio. Solana Taking Initiatives With the ChatGPT plugin, users can now create chatbots that interact with customers, providing them with valuable information …
Continue Reading
Ripple and Whales Shake Up XRP Market With Massive 350M+ Move
According to recent reports, Ripple (XRP) and other major crypto holders transferred more than 350 million XRP when the cryptocurrency’s value dropped below $0.46. This transfer of a substantial amount of XRP has caused concerns among investors who fear that these crypto whales might be divesting their assets. Ripple on the Move As per Whale Alert, a whale-tracking resource, Ripple’s …
Continue Reading
UniSat Wallet’s Bitcoin Ordinals Extension Under Siege by Numerous Double-Spend Attacks
The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …
Continue Reading
INXY Payments: A Comprehensive Crypto Payment Solution
-
Crypto
-
April 20, 2023
-
Review, Defi
-
0 Comments
The global adoption of cryptocurrencies has been on the rise, with an estimated 420 million users worldwide as of 2021. This exponential growth has driven a surge in demand for secure and efficient payment processing solutions that cater to the unique characteristics of digital assets. Traditional payment methods are often ill-suited to handle the nuances of crypto transactions, prompting the …
Continue Reading
Maple Finance Launches T-Bill Pool for Web3 Investors
Maple Finance, a DeFi crypto lender, has launched a new cash management pool for U.S. Treasury Bill yields. The product will allow accredited web3 investors, such as decentralized autonomous organizations (DAO), offshore firms, Web3 treasures, and high net-worth individuals, to access the pool that invests in one-month Treasury Bills with no minimum lock-up period. Yield and Fees The pool will …
Continue Reading
Report Reveals Alarming 40% Increase in Digital Asset Phishing Scams in 2022
As per the latest report by Kaspersky, a cybersecurity firm, there has been a significant increase of 40% in digital asset phishing scams in 2022. This report highlights the growing trend of digital asset exploitation that targets crypto investors and users to steal their holdings throughout the year. While traditional methods like giveaway scams or fake wallet phishing pages are …
Continue Reading
