Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet

Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well.

Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.”...

What Is Behind Bitcoin’s Recent Rally To $40,000?

The crypto market continues its upward trend after several days’ rallies. Bitcoin has gained over 20% and has tested the $40,000 crucial resistance a couple of times, indicating buyers are in profit-taking mode. With the latest round of interest from traditional companies, crypto trading has come to a revival. The...
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Why Cryptocurrencies and Crypto Stocks Jumped This Week

Speculation drove Bitcoin higher in another volatile week. But the hope of adding Amazon as a company that accepts Bitcoin failed to materialize. At Bit Digital, the company announced another partnership that could help hash rates and revenue over the next few years. What happened. Shares of cryptocurrency stocks jumped...

How Bitcoin Has Boosted MicroStrategy’s Brand by 100x, CEO Reveals

MicroStrategy was the first publicly traded company in the U.S. to integrate Bitcoin into its balance sheet. The software company uses BTC as a hedge against inflation and has benefited from more than the performance of the asset, as its CEO Michael Saylor recently claimed. In an interview with CNBC’s...
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Michael Saylor On MicroStrategy And The Bitcoin Effect

MicroStrategy Incorporated (NASDAQ:MSTR) just reported its best second-quarter financial results in six years, MicroStrategy CEO Michael Saylor said Friday on CNBC's "Squawk On The Street." What Happened: MicroStrategy announced quarterly earnings of $1.72 per share, which beat the estimate of $1.03 per share. The company reported quarterly revenue of $125.35...

Tesla Owns Close to 42,069 Bitcoins, Elon Musk Reveals

Tesla CEO Elon Musk hinted that the company owns closer to 42,000 Bitcoins. Thus, Tesla is the second largest, in terms of the amount of Bitcoin ownership, for a public company. As of June 30, Tesla's Bitcoin assets were worth $1.47 billion. After Tesla posted Form 10-Q a few days...

MicroStrategy’s Bitcoins Dominate Its Market Cap

MicroStrategy reported its June quarter results on Thursday with revenue and earnings exceeding expectations. However, it is its bitcoin holdings that are driving its stock price and market cap. Business is finally seeing growth. MicroStrategy had seen its revenue decline year over year for the past six years. However, second...

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more.

MicroStrategy to Buy More Bitcoin Despite Q2 Impairment Loss

MicroStrategy reported a paper loss of roughly $700 million on its BTC investment in Q2 2021 but vowed to continue purchasing more coins. The NASDAQ-listed software giant MicroStrategy has seen a total impairment loss of nearly $700 million in Q2 2021 from its massive bitcoin investments. As this is only on paper, though, the company pledged to double down on its BTC strategy and continue to accumulate more.

On Monday, Managers of USD 2trn Get Access to Crypto + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Starting Monday, 4,000 of Germany’s Spezialfonds will be allowed to invest up to 20% of their portfolios in cryptoassets. These special funds, available to institutional investors only, manage around EUR 1.8trn (USD 2.1trn) worth of assets. Deutsche Bank AG’s asset manager DWS Group is monitoring developments, but is not currently planning to offer any funds that buy crypto, a spokeswoman told Bloomberg. Meanwhile, DekaBank, one of the country’s biggest asset managers, has been considering investing in crypto but hasn’t made a decision yet, per the report.