Altcoin News Official Today TheBitTimes.com

MicroStrategy’s (NASDAQ: MSTR) decision to incorporate Bitcoin (BTC) into its balance sheet was considered a bold move by Wall Street companies. Now, this strategy is turning out to be a strategic move that has proven profitable for the firm and its investors, prompting questions about whether S&P 500 companies should follow suit. As things stand, MicroStrategy’s stock has surged past every S&P 500 equity since incorporating Bitcoin into its corporate strategy in 2020, according to an Analysis shared by technical analyst J.C. Parets. Picks for you BlackRock’s Bitcoin ETF was on fire this week: 4x more volume than Gold’s 2 hours ago 2 cryptocurrencies to reach $50 billion market cap by year-end ...

One of the most prominent investment minds in the world, when Warren Buffett makes a move, Wall Street listens. The Berkshire Hathaway CEO is not called the Oracle of Omaha for nothing and has helped direct the path of many an investor during his day. Now, his latest move is driving some intrigue, as Warren Buffett has dumped more than $10 billion in Bank of America (BAC) stock. Now, the biggest question is why? Since the middle of July, Buffett’s Berkshire has been unloading the banking stock. Just last week, the investment firm embraced a 16th round of selling, this time offloading almost $370 million in shares. Now, their stake in the company has dropped below 10%. Source: Reuters Also Read: Is Apple (APPL) the Best Stock in Warren Buffett’s Portfolio? Buffett’s Berkshire Keeps Dumping Bank of America as Stake Falls Both Warren Buffett and his Berkshire Hathaway investment firm have continued to be one of the most prominent investors on Wall Street. They own more than 45 ...

Coinbase Global Inc (NASDAQ: COIN) reported its Q2 2024 earnings with above-expectation results, although with lower profits than Q1. Finbold turned to OpenAI‘s leading artificial intelligence (AI) model, ChatGPT-4o, for insights on the stock ‘s projected price for next year. The company reported $1.45 billion in revenue, of which $780.90 million was transaction revenue. Notably, both were above the $1.39 billion and $745.10 million estimated by analysts.  On the other hand, Coinbase’s adjusted EBITDA came at $596 million, positive for the sixth consecutive quarter, although lower than the projected $607.7 million. These results are all worse than what the company presented in the first quarter, showing a decline, although still positive. Picks for you Is the U.S. economy about to crash? Markets sound the alarm ...

Russia’s second-largest bourse is ready to be the first in the country to add support for cryptocurrencies. Saint Petersburg Stock Exchange (SPB Exchange) will list a whole set of cryptocurrencies, including Bitcoin (BTC), once the government legalizes the industry, local news agency TASS reports, citing the exchange ’s head Roman Goryunov. Although the time frame was not specified, Goryunov said one day, the world of crypto will merge with the world of traditional financial instruments. He also emphasized the exchange will be the first trading platform to trade crypto in Russia once there’s a clear regulatory framework to work with digital currencies. As Goryunov pointed out, the platform has been mulling crypto-related plans for a while now. “We almost launched a crypto exchange in 2017 and have not changed our mind since then.” Roman Goryunov, Saint Petersburg Stock Exchange head As sanctions against Russia intensify, the authorities seek new ...