Friday, August 25, 2023

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The End of An Era

Mastercard and crypto exchange giant Binance are ending crypto card programs in Argentina, Brazil, Colombia, and Bahrain.

This partnership enabled users to convert cryptocurrency into traditional currency, with the added incentive of earning up to 8% cash back in crypto-based on their purchases. Despite customers using crypto for payments, merchants received fiat currency.

In today's news, we have NFL Rivals adding the ability to purchase NFT via iOS and Android apps, weird Pepe transfer spooking investors, 1inch launching on Base, and Pancakeswap going live on Linea mainnet.

Read on!

The Evolution of MicroStrategy's Bitcoin Holdings

MicroStrategy's Bitcoin (BTC) holdings averages at 74.3% of its total balance sheet assets, since they started acquiring Bitcoin in 2020, to date. Their initial acquisition of 21,454 BTC on August 11, 2020 was the first time a publicly traded company bought and held Bitcoin, and this quickly became 71.9% of the total assets on their balance sheet. In tandem, allocation of cash and cash equivalents dropped from a 49.8% asset share to just 4.07%.

MicroStrategy currently holds an approximated 152,800 BTC, a 612.2% increase in their total holding since their initial purchase, or slightly over 7 times its original holdings.

See how it's evolved since 2019

Bitget KCGI 2023: Battle to Win a Share of 2,650,000 USDT!

The highly anticipated Bitget KCGI (King's Cup Global Invitational) is back! As our largest trading competition throughout the year, the 2023 KCGI has a prize pool of 2,650,000 USDT, and various giveaways including an Airbus H135 helicopter, Tesla Cyberquad for Kids, and iPhone 15 Pro Max!

Join Now!

24h Hot Searches Worldwide 🔥

Pepe (-33.5%)
Bitrock (-4.3%)
HarryPotterObamaSonic10Inu (-9.0%)
Sei (-7.1%)
Sui (-7.8%)
Arbitrum (-4.3%)
Worldcoin (-8.0%)

Find out what decentralized social media is, how it works, and the top platforms available in this video!

Learn about decentralized social media!

Going Mainstream

NFL Rivals, an officially licensed mobile football game from Mythical Games, has introduced the option to buy NFT player cards on the secondary market within the iOS and Android apps.

This move follows Google's recent declaration to revise its Android Play Store policies to permit NFT purchases and in-app integrations.

Decrypt

Unsettling Transfers

Unusual transfers of PEPE tokens have unsettled cryptocurrency investors and caused a 15% drop in the value of the meme coin.

More than 16 trillion tokens were observed moving out of the PEPE multisig wallet, with their destination being addresses linked to Binance, OXK, and Bybit.

CoinDesk

Going Multi-chain

The decentralized exchange aggregator 1inch has joined Uniswap and Sushiswap on the Coinbase-incubated Base blockchain.

In another development, the decentralized exchange PancakeSwap version 3 (v3) has expanded to the Linea mainnet, a blockchain developed by Ethereum development lab ConsenSys.

Decrypt

This week's top trending coins!

Get Crypto Price Data into Google Sheets Easily with THIS Guide

Google Sheets doesn't natively support JSON data, which means it can be slightly tricky to fetch real-time crypto price data into your spreadsheet. In this master guide, learn how to: