Binance founder and former CEO Changpeng Zhao saw his net worth grow by a whopping $25 billion in 2023 despite market challenges and Binance’s regulatory troubles. This year came with its unique challenges and market volatility. However, amid the issues, the market leveraged an opportunity to recover from the losses of the previous year triggered by...
Michael Saylor’s MicroStrategy now holds some 189,150 Bitcoin worth over $8 billion as of Dec. 27. MicroStrategy bought an additional 14,620 Bitcoin (BTC) at an average price of $42,110 per coin, according to Michael Saylor, who founded the company back in 1989. Saylor’s firm spent $615.7 million acquiring its latest BTC purchase. The company started buying BTC in 2020...
Creditors of long-failed cryptocurrency exchange Mt. Gox have finally started receiving payments for their Bitcoin (BTC), which has been locked up on the exchange since February 2014. On Dec. 25, on the mtgoxinsolvency Reddit page, users speculated that Mt.Gox was sending refunds in Japanese yen through PayPal – almost ten years after the funds were blocked on...
Bloomberg) -- Bitcoin dropped below $42,000 for the first time in a week and the recent rally in memecoins has started to show signs of stalling. Most Read from Bloomberg Tesla Plans Revamp of Smash Hit Model Y From China Plant Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker Apple’s iPhone Design Chief Enlisted...
MicroStrategy’s big investment in Bitcoin has yielded considerable gains for its investors, as the company’s stock has experienced a remarkable 308% increase over the course of this year. MicroStrategy has come out as one of the biggest gainers in the US among companies valued at $5 billion or more in terms of share prices. According to a report by CNBC...
Diana Mondino, Argentina's Minister of Foreign Affairs, International Trade, and Worship, has asserted that a recently passed decree legalizing the use of certain currencies in contracts and for payments applies to Bitcoin (BTC) and other cryptocurrencies. In a December 21 post on Twitter, Mondino stated that the "Bases for the Reconstruction of the Argentine Economy" decree,...
Which has grown faster in 2023, the price of bitcoin or of ETFs investing in cryptocurrency-related equities? If you guessed bitcoin, you’d be like many other investors, but also wrong. While the potential launch of a spot bitcoin ETF has held the attention of investors in 2023, crypto stocks have quietly outperformed the popular cryptocurrency itself, as well as...
There's a good reason the myth of the crypto millionaire exists. According to the latest Crypto Wealth Report, there are more than 88,000 people around the world who have become crypto millionaires. And (perhaps no surprise here) the one crypto that is responsible for 40,500 of those millionaires is Bitcoin (CRYPTO: BTC). While it's certainly no...
Looking back at 2023, a key development has been the resurgence of the cryptocurrency market. The industry's current valuation of over $1.6 trillion is about 100% higher than it was nearly 12 months ago. Unsurprisingly, the most valuable digital asset, Bitcoin (CRYPTO: BTC), has also benefited tremendously. But bigger gains could be on the horizon. Even though Bitcoin has climbed 154%...
After tumbling 65% in 2022, Bitcoin (CRYPTO: BTC) has been a monumental winner this year. The world's leading digital asset has skyrocketed about 160% in 2023, a gain that beats the stock market's gains by a huge margin. As of this writing, this top cryptocurrency's price sits at about $43,700. However, I believe there's a very real possibility that it...
