In this post: The primary emphasis of the Australian Transaction Reports and Analysis Centre (AUSTRAC) is cryptocurrency. To keep an eye on cryptocurrency ATM services that might be violating anti-money laundering regulations, the government is trying to assemble a new staff. AUSTRAC CEO Brendan Thomas announced in a statement on December 6 that the organization […]

In this post: BNB, COW, FWOG, MOODENG, and PNUT are among the more than 19 tokens that Kraken, the second-largest U.S. exchange, announced it was listing. The announcement was made at a time when Trump Media and Technology Group (TMTG) is reportedly in advanced negotiations to acquire the cryptocurrency exchange Bakkt, according to Fox Business. […]

In this post: Funding fees for perpetual swaps have increased dramatically on exchanges, rising above 10%, with large exchanges reporting increases of up to 20%, according to IntoTheBlock. However, compared to the peak rates of over 60% in the first quarter of this year, the current funding rate is significantly lower. The recent rise in […]

In this post: Proponents of decentralized finance (DeFi) see the industry as a symbol of financial freedom that allows anybody to access the global financial system without being constrained by centralization. However, a recent study has brought that idea into stark relief. The majority of funds on decentralized exchanges (DEXs) are controlled by institutional investors, […]

In this post: This is one of the largest crypto whales that Shiba Inu (SHIB) has generated. 10% of the SHIB supply is owned by an early investor who hasn’t sold since the token’s inception. Bubblemaps found that 10% of Shiba Inu’s (SHIB) supply is concentrated in wallets under one entity’s control. One of the […]

In this post: Berkshire Hathaway, owned by Warren Buffet, is losing ground to Michael Saylor’s Microstrategy by the greatest amount. Since purchasing its Bitcoin assets in August, the software firm has increased by 2,295.74%, while Berkshire Hathaway has increased by 36.02% within the same time period. Microstrategy, a software business and Bitcoin corporate holder, is surpassing the Berkshire Hathaway class of renowned investor Warren Buffet. The biggest margin since the dot-com bubble for a stock. A financial markets charting company called Barchart provided a chart that indicates Microstrategy vs. BRK class B stock is at 0.72 and is quickly getting close to the highs seen during the dot-com boom. Berkshire Hathaway, owned by renowned investor Warren Buffet, is surpassed by Microstrategy Since implementing Bitcoin as a strategic reserve asset in August 2020, MSTR has experienced a 2,295.74% increase. In the same duration, Berkshire Hathaway has averaged 36.02%. Microstrategy has also outpaced Bitcoin’s performance since August 2020. The crypto asset has surged by 673.83% compared to MSTR’s 2,295.74%. Berkshire Hathaway has refrained from investing in the cryptocurrency sector due to Warren Buffet’s pessimistic views on Bitcoin. Buffet has repeatedly denounced cryptocurrencies, as has his late business colleague Charlie Munger. Buffet called Bitcoin a “rat poison squared” in 2018, while Charlie Munger said the cryptocurrency will plummet to zero in 2021. In Berkshire Hathaway’s portfolio, Bitcoin and Microstrategy have also done better than Warren Buffet’s top equities. During the same period, these equities include Apple, American Express, and Bank of America. Bitcoin might reach $13 million, according to Michael Saylor Currently, Microstrategy owns more than 1% of all Bitcoin in use. The average cost to the corporation of one bitcoin is $42,692. On November 11th, it made its most recent acquisition, acquiring an additional 27,200 bitcoins valued at $2.03 billion. Regarding the asset, Michael Saylor has been rather outspoken. The CEO predicted that during the next 21 years, the price of Bitcoin may soar to $13 million. In order to increase shareholder value and protect against inflation, Microstrategy has paved the way for other businesses to embrace Bitcoin as a strategic reserve asset. On November 14th, Solidion Technology, a US-based supplier of battery materials, declared that Bitcoin has become its reserve asset. Additionally, the business declared that it had bought its first Bitcoin. Solidon said that it intends to buy more Bitcoin and expand its total Bitcoin holdings by using 60% of its spare cash reserves. The interest profits from other assets, such money market accounts, would be converted to Bitcoin, they noted. In a similar vein, Bitcoin was accepted as a strategic reserve asset by Tokyo-listed investment firm Metaplanet in May.