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Starbucks CEO Howard Schultz held a town hall meeting geared at the company's employees on Monday. He took this opportunity to unveil a development he thought would thrill them: cryptocurrency. Schultz is returning to the corporation amid internal problems for his third stint as CEO. He declared that Starbucks would enter the NFT business by year-end at the meeting. The CEO has led the firm for more than two decades until turning over the CEO reins to Johnson in 2017.…

MicroStrategy CEO Michael Saylor has announced another company purchase of the premier cryptocurrency on Tuesday. According to Saylor’s Twitter, MicroStrategy bought exactly 4,167 Bitcoin at $45,714 each. The total purchase cost $190.5 million. This brings the company’s total Bitcoin holdings to 129,218 Bitcoin. Altogether, the company paid an average of $30,700 per coin. That means MicroStrategy owns $5.84 billion in Bitcoin at current prices. On the whole, his Bitcoin investment is up by about $1.9 billion right now. The last…

Elon Musk recently bought a 9.2% stake in Twitter and joined its board of directors to boot. Though it should bear no logical correlation, the tech giant’s favorite cryptocurrency is rising in light of the news. Dogecoin, which Musk has displayed much fondness for, has a tendency to fluctuate in response to his word. Yesterday, Bloomberg revealed that the Tesla CEO had purchased a 9.2% stake in Twitter for $2.89 billion. Twitter’s stock soared 27% after the reveal, now trading…

According to recent indicators, the NFT space might be in steady decline, unlike earlier predictions of skyrocketing growth.  Trading volumes on NFT marketplaces are sharply decreasing. This is in contrast to the previous year, which sometimes set almost impossible records. 2021 saw the auction of Beeple's Everyday: The First 5000 Days project (valued at $69M) to the impressive sales of Bored Apes #3739 and #8585. While there are concerns that the NFT industry might be waning in influence, most market…

Cynthia Lummis – a Bitcoin-bullish Republican Senator – believes Bitcoin is destined to be adopted as a common means of exchange. She currently considers it a “commodity” but expects it to become a currency “really fast”, thanks to the lightning network. Bitcoin’s Evolution In conversation with MSNBC’s Chuck Todd on Meet the Press, Lummis went deep on Bitcoin’s currency status, and regulatory relationships. She explained that under the new bill she’s designing alongside Senator Gillibrand, they’d see it regulated like…

It’s been over ten days since Ronin Bridge fell victim to the largest Defi hack in history. Today, the lost ETH from the hack has started leaking out of the suspected thief’s wallet. Covering HIs Tracks According to on-chain data from Etherscan, the exploiter's addresses conducted multiple transactions between themselves earlier today. In two batches, the hacker's original address sent 2000 ETH to a new address flagged “Ronin Bridge Exploiter 8”. The new address subsequently sent 20 batches of 100…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,154 trillion. Bitcoin is up by roughly 3% after a promising week. Ethereum increased by almost 10% over the past seven days. XRP lost almost 1% in value in the past week. Almost all altcoins are trading in the green and still enjoying a favorable period. Hackers breached Axie Infinity’s Ronin Bridge and made…

Reddit continues its integration of CryptoSnoos, a collection of four NFT avatars, on its platform. The Ethereum-based NFTs were each auctioned for up to $400,000 to be used as Reddit avatars. One of Reddit’s NFT avatars still sees activity, despite its initial introduction in June 2021. The continued scarcity of these collectibles suggests that Reddit may still be testing this integration before producing more avatars or allowing users to mint and use their own NFTs on the platform. Redditors with…

On Friday, the United States Securities Exchange Commission turned down Ark 21Shares' Bitcoin ETF proposal. The commission's refusal makes it its sixth rejection of crypto ETFs within the space of a year. The SEC Cites its Reasons On Friday, April 1, The United States Securities Exchange Commission (SEC) delivered its verdict on Ark 21Shares' spot Bitcoin ETF proposal after several postponements. The SEC refused to approve the application, stating that the ETF did not provide adequate protection against manipulation or…