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Microsoft Reinforces Its Interest in Crypto Despite Rejection of Bitcoin Investments

Microsoft Reinforces Its Interest in Crypto Despite Rejection of Bitcoin InvestmentsMicrosoft, one of the largest tech companies in the world, has reinforced its interest in crypto as an asset class, proclaiming that it was one of the pioneers in accepting digital assets for its services. Microsoft Will Continue Evaluating Crypto as an Asset Class in the Future Microsoft, one of the largest companies in the […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Microsoft Votes No on Bitcoin Reserves: Michael Saylor’s Pitch Fails to Convince

Microsoft Votes No on Bitcoin Reserves: Michael Saylor’s Pitch Fails to ConvinceMicrosoft shareholders rejected a push to adopt bitcoin as a strategic reserve, dismissing claims it could add trillions in market value and mitigate shareholder risks. Microsoft Rejects Bitcoin Investment: What It Means for Shareholders Microsoft’s shareholders have voted against a proposal to include bitcoin in the company’s financial reserves, following guidance from the board of […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin Price Drops As Microsoft Shareholders Say No To BTC

Bitcoin Price Drops As Microsoft Shareholders Say No To BTC

Microsoft shareholders have voted against a proposal that would essentially force the tech giant’s board of directors to consider buying Bitcoin (BTC). The resolution would have pushed the firm’s board of directors to “conduct an assessment to determine if diversifying the Company’s balance sheet by including Bitcoin is in the best long-term interests of shareholders.” […]

The post Bitcoin Price Drops As Microsoft Shareholders Say No To BTC appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Billionaire Ken Fisher Pours $800,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives

Billionaire Ken Fisher Pours 0,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives

Billionaire Ken Fisher is dramatically increasing his firm’s position in US banking giant JPMorgan Chase. New SEC filings show Fisher, who founded the $244 billion Fisher Asset Management, has increased the firm’s JPMorgan Chase (JPM) holdings by about $800 million in Q3, adding 4.04 million shares. That’s a 31% rise in the firm’s exposure to […]

The post Billionaire Ken Fisher Pours $800,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Michael Saylor tells Microsoft it’s value could soar $5T with Bitcoin

MicroStrategy’s Michael Saylor gave Microsoft a three-minute, 44-slide pitch on why it should spend $100 billion a year to buy Bitcoin.

MicroStrategy chair and Bitcoin bull Michael Saylor told Microsoft’s board of directors that the firm could add nearly $5 trillion to its market cap if it were to go all-in on Bitcoin. 

Saylor made the point during a pitch to Microsoft’s board on why the tech giant should buy Bitcoin, whipping through 44 slides in a little over three minutes.

“Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave,” Saylor said to open his pitch in a video shared on Dec. 1, which urged Microsoft to convert its cash flows, dividend payouts, stock buybacks and debt into the cryptocurrency, adding:

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Musk again asks to block OpenAI’s ‘illegal’ conversion to for-profit model

Elon Musk also claimed OpenAI had engaged in “predatory practices” through its partnership with Microsoft, together owning nearly 70% of the generative AI market.

Billionaire Elon Musk has filed another motion to block ChatGPT-creator firm OpenAI from converting to a for-profit enterprise while also alleging it has been engaging in anti-competitive practices.

Musk accused OpenAI, its CEO Sam Altman, President Greg Brockman and stakeholder Microsoft of violating terms of Musk’s “foundational contributions to the charity,” according to the motion for a preliminary injunction filed on Nov. 30.

Musk co-founded OpenAI in 2015 and was an early board member until he left the company in 2018. 

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Microsoft breakthrough signals quantum-exclusive future for blockchain mining

The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work.

Microsoft and Atom Computing, a technology firm based in California, recently announced a breakthrough in quantum computing that could pave the way for a proof-of-work transformation in the world of blockchain mining. 

Scientists and engineers from the two companies developed a quantum computing system made up of 24 entangled logical qubits produced by just 80 physical qubits — a feat that sets a new record for the highest number of entangled logical qubits achieved using error correction techniques.

The significance of this scientific breakthrough is in the teams’ achieved efficiency. Previous estimates have indicated that it could take thousands of physical qubits working in tandem to produce a single logical qubit.

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Amid Shareholder Vote

Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Amid Shareholder VoteMicrostrategy Chairman Michael Saylor has agreed to deliver a three-minute presentation to Microsoft’s board of directors regarding the potential benefits of investing in bitcoin. During a recent X Spaces event hosted by Vaneck, Saylor revealed that he was approached by the National Center for Public Policy Research (NCPPR), which has been promoting the proposal. Saylor […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin to $100K: What will milestone mean for derivatives markets?

Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets? 

Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets. 

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin price peels back from its weekly high, but BTC derivatives markets look good 

Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.

Bitcoin’s (BTC) price momentum has cooled since the Oct. 29 rally toward the all-time high, but the derivatives market continues to project traders’ optimism in a price recovery. 

The analysis of Bitcoin futures and options markets suggests that traders are maintaining positions without excessive leverage, which is crucial for a sustainable push toward new all-time highs. However, understanding the trigger for Bitcoin's price drop to below $69,000 on Nov. 1 remains essential.

Bitcoin 1-month options delta skew, put-call. Source: Laevitas.ch

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy