Ordinary News On Crypto

1-Michael Saylor has indicated that he may make another purchase of Bitcoin when his holdings approach 447,470 BTC

On January 6, 2025, the corporation made its latest acquisition. For $101 million, the business added 1,070 BTC at $94,004 each. T

his purchase maintains MicroStrategy's aggressive accumulation approach, which worked well in 2024.Saylor tweeted that MicroStrategy bought 258,320 BTC in 2024 at $85,450 per BTC, totaling $22.07 billion.

This purchasing binge yielded 74.3% BTC, increasing the company's holdings to 140,630 BTC from 189,150 BTC.Saylor said this is like purchasing 385 BTC everyday all year. The Saylortracker portfolio data shows MicroStrategy's current investment has created 51.11% unrealized returns, or $14.28 billion in paper gains.

MSTR shares are at $327.91, giving the business a market cap of $80.59 billion and a net asset value premium of 1.91x based on 226.14 million outstanding shares.

MicroStrategy's accumulation pattern (green dots on Saylortracker graphic) demonstrates increasing purchase during market falls and rallies. From its 2020 purchases at $10,000 per Bitcoin to its latest purchases at $100,000, the graphic reveals the company's dollar-cost averaging strategy.

At $100,000 Bitcoin, Saylor estimates that the 2024 accumulation plan would provide $14.06 billion in shareholder value, or $38.5 million each day. MicroStrategy's suggestion at more acquisitions shows its confidence in its Bitcoin-focused treasury strategy despite BTC's recent decline below $95,000.

2-8,000 BTC in the garbage and other lost coin horrors

Media covered the Wales IT worker whose hard drive containing thousands of bitcoins ended up in the garbage for years. He spent a long time attempting to go to the rubbish dump where his valuables are, and on January 9, 2025, the case ended in a sad way. Newport resident James Howells discovered Bitcoin in 2009 and mined for a period before forgetting about it for years. After spilling liquids on his computer, he disassembled it, preserving the hard drive.

The disk may include Howells' Bitcoin wallet key. Halfina Eddy-Evans, his then-girlfriend, mistakenly threw away a hard drive in 2013. Howells eventually learned that mining 8,000 BTC cost millions. He failed to discover a valuable disk.

The Docksway landfill in Wales had the hard disk with a secret key, he found after some inquiry. This dump has about 1.4 million tons of trash.Howells and a team of professionals planned site excavation. Howells wanted to pay for the procedure and contribute 25% or 30% to Newport City Council and nearby citizens, but authorities denied him permission due to environmental concerns.

The site search may have caused fires and toxic gas releases. Newport City Council was sued by Howells. His ultimatum was to explore the trash dump or pay £495 million. The High Court rejected the lawsuit on January 9, 2025, citing no chance of victory.

3-Polymarket is banned in Singapore for unlawful gaming

Singaporeans trying to visit the site get a Section 20 Gambling Control Act 2022 warning. Unlicensed gaming operations face penalties of up to 10,000 Singapore dollars or six months in prison. “You tried to access an unlicensed gambling site.

Singapore Pools is the sole approved online gaming company in Singapore, warns the gaming Regulatory Authority.The Singapore Police Force took over illicit gaming enforcement from the GRA on Jan. 1.

Only Singapore Pools (Private) Limited is GRA-licensed to provide remote gambling. The GRA website states that illicit gamblers may be fined up to $500,000 and imprisoned for 7 years, while repeat offenders can be fined up to $700,000 and imprisoned for 10 years. In a Facebook post on Dec. 30, the GRA reported blocking 3,800 gambling websites and 145,000 transactions worth SG$37 million ($27 million) since 2015.

According to a December ApeX Protocol report, Singapore has become a worldwide blockchain and cryptocurrency leader. Singapore has 1,600 blockchain patents, 2,433 sector positions, and 81 cryptocurrency exchanges, according to the report.

The report placed Hong Kong second with 890 blockchain patents, 1,163 employment, and 52 bitcoin exchanges. According to local media, the Monetary Authority of Singapore approved 13 large payment institution licenses for crypto exchanges in 2024, double the number issued in 2023.