Crypto News
Polymarket Bettors Skeptical Over Potential Microsoft (MSFT) Bitcoin Purchase
Michael Saylor's pitch to Microsoft's (MSFT) board on whether the software giant should add bitcoin to its balance sheet is unlikely to get shareholder approval, with Polymarket bettors only giving an 11% chance of it being approved.Each bet comprises a "Yes" and a "No" side. Each share pays out $1 in USDC, a stablecoin, or cryptocurrency that trades at par with the U.S. dollar, if the prediction comes true, and zero if not.In October, a proposal from the National Center for Public Policy Research urged Microsoft to add bitcoin to its balance sheet as a diversification investment, but the board recommended shareholders vote against it, arguing that crypto lacked the stability to be part of the treasury of a company...
Ethereum Transaction Revenue Has Surged Since Trump Election Victory: Steno Research
The Ethereum blockchain's transactional revenue has increased substantially since Donald Trump's U.S. election victory, Steno Research said in a Monday report."This outcome is crucial for all onchain activity," wrote analyst Mads Eberhardt.The surge has led to higher staking rewards and more ether (ETH) being burned via transaction fees, the report said."This combination strengthen's Ethereum's tokenomics," Steno said, making ether a more appealing asset.Steno noted that the amount of USDT on the Ethereum network surpassed supply on the Tron blockchain for the first time in more than two years. This is a clear sign that on-chain activity is booming, resulting in greater demand for ether to facilitate transactions and higher transactional revenue.The number of daily transactions on Ethereum layer-2 networks, or...
TRON DAO Drives Blockchain Discussion at Berkeley Security Summit as a Platinum Sponsor, Highlighting a Year...
PRESS RELEASE. Geneva, Switzerland, December 3, 2024 – TRON DAO participated as a Platinum Sponsor in the Berkeley Security Summit at DevCon 2024 in Bangkok, Thailand, on November 11, 2024. Hosted by Blockchain at Berkeley, the side event brought together leading experts to explore the transformative potential of decentralized technologies. Empowering Emerging Markets through StablecoinSource link
SSV Network’s Alan Fork Revolutionizes Mainnet Performance
The Alan Fork on SSV Network has led to dramatic improvements in performance, reducing CPU and resource usage, and enhancing node efficiency and scalability, according to SSV Team. (Read More)Source link
Recursive Capital Closes Funding Round to Support Bitcoin Companies in Africa
The fundraising is to expand Recursive Capital’s investments in bitcoin companies exclusively on the African continent. More Support for Bitcoin Companies in Africa Recursive Capital, a venture capital firm that specializes in funding bitcoin businesses in Africa announced the Fund I’s first close on Saturday, Nov. 30. Block Chairman Jack Dorsey, chairman of Fortress InvestmentSource link