🦎🚀 Saylor Sails Above Water 🪙📈

Tuesday, April 11, 2023

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Saylor sees green

American software company MicroStrategy, also the largest corporate holder of Bitcoin, is now in a profitable position on its Bitcoin bet.

From March 24 to April 4, the company and its subsidiaries purchased about 1,045 Bitcoin for a total of about $29.3 million.

AS the price of Bitcoin returns to $30,000, the company's bold move to invest in the largest cryptocurrency seems to be paying off.

In today's news, FTX CEO slams exchange for security malpractice, SushiSwap recovers 100 ETH post-exploit and Proof launches exclusive NFT collection.

Read on!

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Why Do People Buy NFTs?

77.6% of NFT holders think that utility is important, and are least concerned with disrupting established structures or industries (59.5%).
Overall, people generally care about a number of factors when buying NFTs. What about you?

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What is $QTUM and how does it work?

Let's dive deeper to understand Qtum's energy-efficient PoS consensus mechanism, its key features, and latest development.

Nothing against them, very nice tool

Appointed liquidator of defunct cryptocurrency exchange FTX, John Ray III, criticizes the company for storing its private keys on Amazon Web Services (AWS).

In an interim report which was published by Ray, it was revealed that FTX "kept virtually all crypto assets in hot wallets."

Ray also suggested that he believed that the collapse of the exchange was caused by "a very small group of grossly inexperienced and unsophisticated individuals."

Decrypt

Sushi DEX Recovers Slowly

Decentralized exchange SushiSwap has recovered 100 ether or $186,000 following a $3.3 million exploit over this past weekend.

Blockchain security firm BlockSec identified suspicious activity during the hack and was able to rescue part of the funds.

SushiSwap lead developer Jared Grey stated that the decentralized finance protocol is working on a retrieval plan to secure the stolen funds and make affected users whole.

CoinDesk

Special Delivery!

Web3 startup Proof, creators of popular NFT collection Moonbirds, announced its next digital art series exclusively for its existing collectors.

"Moonbirds: Diamond Exhibition" will showcase 10,000 pieces created by 22 artists, including Beeple, Daniel Isles (aka Dirty Robot), Terrell Jones, Summer Wagner, and Michael Sidofsky.

The collection will only be made available to Moonbirds holders who achieved Diamond Nest status by staking their NFTs with the company instead of listing or selling them.

Decrypt

Planning to invest in crypto but unsure where to begin?

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