Altcoin News Official TheBitTimes.com

According to Michael Saylor’s latest announcement, the world’s largest bitcoin holding company now owns 528,185 BTC. That is more than 2.6% of bitcoin’s circulating supply. Personally, Saylor also owns at least 17,000 additional bitcoin. Combined, therefore, he and the company he founded own over 2.7% of bitcoin’s $1.6 trillion market capitalization. MicroStrategy, doing business as Strategy, is a highly leveraged speculator on bitcoin’s price. Strategy currently owes $8.2 billion in US dollar-denominated debts. In addition, Strategy has dividend obligations to two preferred series of shareholders, STRK and STRF. Michael Saylor’s Strategy makes up metrics to explain MSTR dilution Read more: Michael Saylor suggests selling kidneys as bitcoin dips below $80K Blessed with an avid fan base of investors who think that the bitcoin-acquiring company is worth more than the bitcoin it has acquired, its MSTR common shares trade at a curious premium to the assets that back ...

IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7 Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million. The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House. BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of it...

Bitcoin core developer Peter Todd has denied claims that he is Satoshi Nakamoto after an HBO documentary suggested that he is Bitcoin’s mysterious creator. Todd told CoinDesk in an email that filmmaker Cullen Hoback “was grasping for straws” in the documentary, “Money Electric: The Bitcoin Mystery,” which aired last night. “Of course, I’m not Satoshi,” he added. “It’s ironic that a director who is also known for a documentary on QAnon has resorted to QAnon style coincidence-based conspiracy thinking here too.” Hoback Confronts Peter Todd With Theories He Is Satoshi Nakamoto In the documentary, Hoback confronted Todd and shared his theory on why he believes Todd opted to keep his involvement in Bitcoin’s creation a secret. Todd responded by shaking his head and laughing at Hoback’s assertions. I like Peter Todd. I wish he was Satoshi. But this is just sloppy joirnalism. pic.twitter.com/q2CEuhRLvh ...

Join Our Telegram channel to stay up to date on breaking news coverage On September 12, 2022, a seven-day trial between crypto Twitter personality Hodlnaut and Australian computer scientist Craig Wright began in Oslo, Norway. The harsh culture of crypto-Twitter is emerging as a crucial subject in the court dispute . The trial is being held to establish whether Hodlonaut’s tweets from 2019 are protected by free expression, in which he said Wright’s claims to be the pseudonymous creator of Bitcoin, Satoshi Nakamoto, were fake. Background Story: What You Should Know About Hodlonaut vs Wright Hodlonaut, called Magnus Granath in real life, was a public-school teacher with less than 8,000 Twitter followers when his tweets dubbed Wright a scammer and a fraud. The ongoing trial is part of the two simultaneous defamation suits around the same series of tweets. If Hodlonaut wins, Wright will be unable to collect libel damages for the tweets in his lawsuit in the United King...