Microstrategy’s bold move to accumulate bitcoin has drawn its share of fire from critics, largely due to the financial hazards and strategic questions it raises. Bubble Trouble? Critics Call Microstrategy Stock a ‘Ponzi Scheme’ Since 2020, the business intelligence firm has been on a bitcoin shopping spree, with its latest acquisition adding 55,500 BTC to […]
US Sanctions on Russia Similar to Planting a ‘Bomb Under the Dollar,’ Says Russian Analyst
The United States’ sanctions against Russia are undermining confidence in the U.S. dollar and may force other countries to ditch the currency, a Russian financial analyst has said. The analyst said contrary to the West expectations, the sanctions against Russia have failed to destroy its economy. Russia’s Frozen Assets According to Alexander Razuvaev, a …
Ethereum Devs Delay Difficulty Bomb — ETH 2.0 Contract Surpasses 13 Million Ether Deposits
On June 30, Ethereum developers delayed the network’s difficulty bomb via the Gray Glacier update, which means The Merge won’t happen at least until September 2022. Meanwhile, there’s now more than 13 million ethereum locked into the Beacon Chain worth $ 15.8 billion using today’s prices. More Than 13 Million Ether Worth $ …