Michael Saylor took to Twitter to assure investors that MicroStrategy’s balance sheet is well-positioned to avoid a margin call in its bitcoin-backed loan.
The price of bitcoin fell in response to Celsius Network pausing all transactions off-platform in response to a liquidity crisis and other market disruptions.
Inflation data shows a 106% increase in fuel oil year-over-year with an unexpected 40-year high Consumer Price Index report of 8.6% as bitcoin dips to $29,500.
Blockware’s report uses data provided by Glassnode to provide estimates on global Bitcoin adoption relating to the standard S-curve of disruptive technology.
Custodia’s lawsuit states “unlawful” delays in the bank’s approval process to gain a master account with the Federal Reserve which would lessen cost and risks.
The mining company increased total miners and hash rate, but increasing difficulty and a lower average BTC price drove metrics down for the month of May.
The Bitcoin Academy will help those in financial hardship with free courses, devices and data plans for residents of Marcy House in Brooklyn, New York.
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