Key Takeaways El Salvador’s bitcoin reserve sits near 7,600 BTC, valued above $510 million as of June 3. The country kept adding coins through a roughly one-BTC-a-day policy even as prices have continued to collapse. A $1.4 billion IMF deal made accepting bitcoin optional, yet President Nayib Bukele keeps accumulating. A Familiar Playbook on a…
Crypto markets are a bloodbath today, with total capitalization shedding billions and falling to multi-month lows. Crypto markets have dumped 4.9% or a whopping $140 billion over the past 24 hours, sending total capitalization to $2.37 trillion, its lowest level since early April. Over the past 24 hours, 265,000 traders were wrecked, and the…
Squarespace helps small businesses and regular Joe Schmoes to get software help to build their own websites (for both personal and business), even including the commerce side of things with point of sale, inventory, and customer data features (both online or in person). In the age where literally everything is digitized and accessed through the…
The U.S. Treasury has sanctioned four Iranian cryptocurrency exchanges and two senior executives at Nobitex after accusing the platforms of helping sanctioned entities access the digital asset ecosystem. Summary The U.S. Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, under its Economic Fury campaign against Iran. Treasury has accused Nobitex of facilitating transactions for…
Artificial intelligence is advancing rapidly, but the industry faces a major challenge: access to computing power. Training and running modern AI models requires enormous amounts of hardware, particularly high-performance GPUs, which are largely controlled by a handful of major cloud providers. This concentration of resources has made AI development increasingly expensive and difficult for smaller…
Data storage security company Cyera is finalizing a round led by Evolution Equity Partners of at least $300 million at a $12 billion valuation, according to four people with knowledge of the deal. Calcalist was first to report the funding deal, although TechCrunch’s sources added new details about the company and its financials. Cyera has…
Key Takeaways Bitcoin dropped close to $65,700 on June 3, hitting another intraday low after $66,346. Spot bitcoin ETFs bled an estimated $3.5 billion in their longest outflow streak since 2024. Traders are now watching the $60,000 support level after Strategy disclosed its first BTC sale in nearly four years. A Broad Crypto Rout Gathers…
May’s performance suggested that internal market dynamics were the major driver of weakness, rather than macro conditions. Similar to previous bear markets, bitcoin (BTC) is now on track to experience a slow bleed regime. As analysts explained in the latest Bitfinex Alpha report, this seasonal pattern is further aggravated by weakening demand from spot…
Michael Saylor’s Strategy sold 32 BTC during the May 26-31 period, generating approximately $2.5 million to fund distributions for preferred stock. This information emerged right before Bitcoin slid back to the $70,000-$71,000 range. What caught the market’s attention was not the scale of the transaction, but the fact that Strategy sold BTC for the first…
Microsoft restored Teams and Office for the web file access after a June 1 outage, but the root cause remained unclear. IT teams should verify tenant impact and fallback paths. The post Microsoft Teams File Outage Resolved, but IT Teams Still Need to Check Fallbacks appeared first on TechRepublic. Source link
