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MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans. The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision to convert its treasury reserve into BTC holdings. Global markets have suffered major losses in early May and Microstrategy’s stock has not been spared. MSTR has seen its value drop by 24% and the value of Bitcoin has also slumped considerably along with the wider cryptocurrency markets. This is cause for concern as the company’s subsidiary MacroStrategy took out a $205 million loan from Silvergate Bank in March 2022, with a portion of MicroStrate...
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the social tokens you should be keeping a close eye on. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each makes his case for the top social token. First up, we have Bourgi with his pick of STEEM, the native token of the Steem social blockchain network, which rewards users for content creation. Its aim is to give back value to content creators who contribute on the platform. Although is ...
The electronic manufacturer announced it has linked up with Theta in an SRD NFTs project The NFTs will be hosted on ThetaDrop Japanese consumer electronic products manufacturer Sony has partnered with Theta Labs, creator of the decentralised video streaming network Theta to launch two collections of 3D NFTs, exclusively designed for display on its Spatial Reality Display, SRD. Sony’s SRD is the electronic giant’s display that allows users to view objects in 3D without the glasses or all the complicated gear associated with the ‘usual’ experiences in virtual reality. Its operation is such that it tracks the movement of the eyes and tweaks the display perceived by the user as they move/ tilt their head. This tablet-like device enables users to gain the sensation of a solid 3D obj...