Blockchain Bites: MicroStrategy’s $250M Bitcoin Bet, India Booms, Banks Open to Custody
MicroStrategy bets $250 million on Bitcoin's safe haven thesis. Indian crypto is booming. And David Marcus has a new role at Facebook.
Digital gold is now the "principal holding" of MicroStrategy's revamped treasury reserve strategy.
Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.
India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March. According to Coin Dance's Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July.
Blockchain infrastructure startup Alchemy just launched its full suite of products to the public, after a two-year closed beta serving teams like MakerDAO and Kyber Network.
Bitcoin is increasingly taking cues from gold, a tried-and-tested store of value asset.
Riot reported a current mining capacity of 556 petahash per second.