Bitcoin will continue to rise as predicted by the CEO of MicroStrategy

MicroStrategy CEO Michael Saylor predicts that the value of Bitcoin (BTC-USD) will "go up indefinitely," but that the cryptocurrency will remain volatile. When asked by CNBC if it plans to continue buying Bitcoin, MicroStrategy, a business intelligence software company that has also become a large buyer of cryptocurrency, said the answer was yes, depending on market conditions. His prediction: "Bitcoin will be a powerful and hard store of value for the economy for the next decade." According to Saylor, the MSTR's chairman, the company was willing to use debt or equity to finance its expanding stockpile. It will be purchased on a quarterly basis using cash flows, debt, or stock, depending on market conditions and what appears to be more accretive for our shareholders, according to Mr. Johnson.

For the rest of the crypto market, Saylor believes that if governments establish a clear structure, a U.S. dollar stablecoin might be worth $10 trillion. According to him, the dollar would unquestionably become the world's digital reserve currency in the near future.

Last week, MicroStrategy (MSTR) saw its stock price collapse after disclosing its ongoing efforts to buy more Bitcoin (BTC-USD). About 101,036 Bitcoins were held by the corporation at the time, with a market value of about $6.1 billion. At 2:30 p.m. ET on Monday, MSTR was up just 0.01% intraday, at $720.88, after trading sideways for several months following a huge spike early in the year. Due to the company's substantial investment in cryptocurrencies, MSTR and BTC-USD have risen in lockstep recently.

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Why Energy Concerns Around Blockchain May Be a Misconception

Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake. Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.

Understanding the technology underlying cryptocurrencies

Blockchain technology could prove transformative for industries, including financial services. A primer on technology, sponsored by the Organization for Economic Co-operation and Development, was recently published. It highlights the array of opportunities and challenges that blockchain's popularity could have on the financial industry, among many other fields. A blockchain is a shared ledger of transactions between parties in a network. It can diminish the role of intermediaries in the transfer of data. The Organization for Economic Cooperation and Development (OECD) sees far-reaching potential for blockchain in the global economy. Blockchains can vary in the way they operate. One of the prime strengths of a blockchain is its immutability. Once a transaction is made to the ledger, it can not be undone. The first U.S. bitcoin futures exchange-traded fund became available in October 2021. Forty percent of fund selectors report that clients are increasingly demanding cryptocurrency

White Hat hacker was offered a $500,000 reward from Poly Network

Following a breach that resulted in the loss of $610 million by cryptocurrency exchange Poly Network earlier this week, the company announced a $500,000 "bug reward" to whoever was responsible. With an emphasis on enabling users to move or exchange tokens across various blockchains, Poly Network is a decentralized finance (Defi) platform that enables peer-to-peer transactions intending to facilitate peer-to-peer transactions. He had "helped us improve Poly Network's security," the company said. A "white hat" hacker tries to disclose cyber vulnerabilities. "Mr. White Hat" was also to get a $500,000 reward as part of the digital money repatriation talks. It said that the hacker had replied to the offer, but did not specify whether or not the offer had been accepted. However, it has been reported that the hacker has returned $340 million in money and has transferred the bulk of what is left to a digital wallet owned by them and Poly Network, acc

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