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Bitcoin Takes The Crown: Market Cap Dominance Soars Above 58%, Highest Level Since 2021

Bitcoin (BTC) has again taken center stage in the cryptocurrency market as institutional interest surges. This interest has been spurred by major financial giants such as BlackRock, Fidelity, and Ark Invest, who have applied with the U.S. Securities and Exchange Commission (SEC) to launch a spot Bitcoin Exchange Traded Fund (ETF).  According to Coin Metrics, …

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MicroStrategy’s Aggressive Bitcoin Acquisition Strategy Secures 0.726% of Total Supply

MicroStrategy, the leading public corporation in terms of bitcoin holdings, has once again demonstrated its aggressive bitcoin acquisition strategy. The company recently announced the purchase of an additional 12,333 BTC for approximately $347.0 million, at an average price of $28,136 per bitcoin. This brings MicroStrategy’s total holdings to an impressive 152,333 BTC, acquired at an …

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What Is Proof Of Stake? And How Does It Work?

Introduction In a blockchain network where participants remain anonymous, a dependable coordination mechanism is essential. The “proof” acts as confirmation that a participant has met the requirements to validate a block of transactions, signifying their good-faith participation. One such consensus algorithm employed to generate new blocks, distribute new cryptocurrency, and validate transactions is proof of …

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North Carolina House Advances Bill To Study Virtual Currency Including Bitcoin

The North Carolina House of Representatives has passed House Bill 721, which includes provisions to study the acquisition and potential benefits of virtual currency, with a specific focus on Bitcoin. The bill, titled State Precious Metals Depository Study, aims to examine the process of securely holding, insuring, and liquidating virtual currency on behalf of the …

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