NFT News by Thebittimes.Com

Michael Saylor has lost $105 million on his latest purchase of bitcoin for MicroStrategy. As usual, the CEO issued convertible debt — loans that may convert to equity and dilute prior shareholders — to purchase 11,931 bitcoins on June 20, 2024. On that date, MicroStrategy purchased Bitcoin at $65,883 apiece. Today, each of those coins is worth just $57,000 — a 13.5% decline in less than three weeks. Saylor’s latest bitcoin buy has lost $105 million since June 20. June 20th was not Saylor’s only ill-timed purchase. Since the leverage-hungry CEO started his debt-for- Bitcoin spree, MicroStrategy has purchased Bitcoin above current prices nine times . March 12, 2021: $15 million at $57,146 per bitcoin April 5, 2021: $15 million at $59,339 May 13, 2021: $15 million at $55,387 November 29, 2021: $414.4 million at $59,187 December 9, 2021: $82.4 million at $57,477 March 11, 2024: $821.7 million at $68,477 March 19, 2024: $623 million at $67,382 Apr...

Though some experts, analysts, and marketers have been rhetorically placing gold and Bitcoin (BTC) in the same category for years, they have seemingly diverged in significant ways in 2024.  Indeed, while gold has been rising at an incredible pace as economic and geopolitical concerns mount, BTC’s trading is more risk-off, with the most striking example coming at the height of the Israel-Iran war scare when fears seemingly outweighed the optimism stemming from the halving event. Despite the world’s premier cryptocurrency seeing its highest month-end price s on record in March, Bloomberg’s Senior Commodity Strategist Mike McGlone opined in a recent X post that gold has a substantial upper hand compared to Bitcoin – and, indeed, compared to the S&P 500. Picks for you Tokenized real-world assets nears $8 billion in value as demand grows 28 mins ago Why you can't bank on single stock to make you a millionaire  50 mins ago Buy signal for the tw...

The crypto market consists of various tokens, including those with finite, deflationary, and infinite supplies. Deflationary tokens are often deemed valuable due to the consistent reduction of supply. The token burning strategy has made DigiToads and Ethereum more popular, an effect that has supported prices . Considering their approach, their respective circulating supplies are decreasing at a faster rate than Bitcoin. In this article, we will delve into the burning strategy adopted by DigiToads and Ethereum.  DigiToads: the deflationary P2E and NFT token Although DigiToads is a relatively new entrant in the crypto market, it blends different niches, attracting investor interest. This is evident in the over $6.4 million raised in the ongoing presale DigiToads is popular due to its fundamentals spanning a play-to-earn (P2E) game and non-fungible tokens (NFT). The project is also gaining traction because of its TOADS deflationary token, growth, community, and what investors sa...