Everything web3, crypto, defi, degen
In brief MicroStrategy’s $70 billion Bitcoin holdings are spread across 9 potential custodians including Coinbase, BitGo, and Fidelity, but the exact distribution remains confidential under SEC Rule 83. Coinbase and MicroStrategy set stock records this week as crypto markets surge, though MicroStrategy has since pulled back while Coinbase keeps rising. Multiple companies launched or grew…
In brief Strategy keeps its $72 billion Bitcoin stash with multiple custodians, but won’t publicly name them, citing security concerns despite pressure from crypto community. Coinbase confirmed it’s one of Strategy’s custodians, while blockchain analytics firm Arkham claims to have traced 70,000 BTC to Fidelity. SEC filings reveal Strategy uses only NYDFS-regulated custodians, narrowing the…
BTC HITS $123K, PUMP LAUNCHES AT $5.5BN, SUI SOARSBTC pumps to new ATHs, dominance still at 65%. Highest short liquidation in 4 years on July 10. SUI leads L1s as TVL hits ATH. Sharplink buys $49m ETH, now largest ETH holder. ETH makes proposals to integrate ZK more deeply. Crypto adds $1.2T+ market cap since…
If you’ve ever tried to explain cryptocurrency to your relatives, you might have found it can be as difficult as trying to teach rocket science to a toddler. Most folks react with skepticism, ridicule or scorn when you try to explain the utility of decentralized digital currencies that have limited supplies and aren’t controlled by…
Bitcoin’s appetite for energy needs little discussion. For years it’s been a top-of-mind topic for regulators, a major concern among critics, and a frequently misreported feature of the protocol. The specific point of contention lies with bitcoin mining — a resource-intensive, cryptography-based competition that repeats approximately every ten minutes. Each winner is rewarded with transaction…
Prices are soaring, innovation is breaking ground, opportunities are flourishing and cryptocurrency adoption is relentless. As we begin a new year with unbridled enthusiasm, Kraken examines the past year — one that won’t be soon forgotten. The year 2020 will be remembered for economic and humanitarian catastrophe. It will also be recognized by the crypto…
Kraken CEO Jesse Powell has made it his mission to ease the adoption curve for new cryptocurrency investors and traders – and that vision is having an industry-wide impact. In fact, Coindesk, one of the market’s leading publications, has recognized Jesse by selecting him as one of its “Most Influential” people for 2020. The list,…
In our newest free webinar on Friday, Kraken Growth Lead Dan Held welcomed special guest Michael Saylor, the co-founder and CEO of MicroStrategy for a deep dive into his personal investment philosophy and strategy. Known as the “bull of bulls” in Bitcoin circles, Saylor did not disappoint Kraken clients watching live, arguing the world’s largest…
He’s making a BIG bet on Bitcoin. Square, JP Morgan, Bloomberg – there have been major macro tailwinds for Bitcoin of late, but none quite like MicroStrategy CEO Michael Saylor’s $425 million buy with no intention to sell. To unpack this news and what it means for the market, on Friday, October 30th @ 14:00 UTC…
