sigmanomics

MicroStrategy’s Massive Bitcoin Stash: Will They Face Federal Income Taxes? The Rise of MicroStrategy’s Bitcoin Holdings MicroStrategy, a business intelligence company, has made headlines in the financial world for its massive stash of bitcoin. Over the years, MicroStrategy has accumulated a bitcoin stash worth around $47 billion, with $18 billion

The Ongoing Legal Battle Between Ripple and the SEC The legal battle between Ripple and the Securities and Exchange Commission (SEC) continues to heat up as both parties are digging in their heels. Recently, Ripple made a bold move by requesting a due date of April 16, 2025, for its

Indian Crypto Exchange WazirX Recovers from Cyberattack Background WazirX, one of India’s leading cryptocurrency exchanges, recently received approval from the Singapore High Court to meet with its users to address debts and recover from a costly cyberattack that occurred last year. The exchange, known for its user-friendly interface and wide

Kansas Senator Introduces Bill to Modernize Public Employees’ Retirement Fund Strategies Background Kansas Senator Elaine Bowers has recently introduced Senate Bill No. 34, which aims to modernize the state’s public employees’ retirement fund strategies. This bill represents a significant step forward in ensuring the financial security of Kansas public employees

CryptoQuant CEO Claims China Sold $20 Billion Worth of Bitcoin Seized from PlusToken Scheme The Allegations Recently, Ki Young Ju, the CEO of CryptoQuant, made a bold claim regarding the fate of the Bitcoin seized by Chinese authorities in the PlusToken scheme back in 2019. According to Ju, China has

MicroStrategy’s Bitcoin Portfolio Hits Unrealized Gains of Over $19.3 Billion The Rise of Bitcoin Investments MicroStrategy, a business intelligence company, made headlines recently with the announcement that their Bitcoin portfolio has reached an unrealized gain of over $19.3 billion. This marks a significant milestone for the company, which has been

Is Shiba Inu Headed for a Critical Support Test? Examining the Price Movement of SHIB Shiba Inu, the popular meme coin, has been experiencing a rollercoaster ride in terms of price action. Recently, it has failed to sustain its previous price momentum and may soon test its critical support level

THORChain Pauses THORFi Services Amid Financial Uncertainties The Situation Cross-chain swap protocol THORChain has made the decision to temporarily halt its THORFi services due to concerns regarding financial stability. The company has faced allegations of insolvency, prompting the need for a reevaluation of its current operations. What is THORChain? THORChain

The Incredible Rise of Bitcoin: A Decade of Success Bitcoin’s Monumental Growth Did you know that if you invested just $100,000 in Bitcoin 10 years ago, you’d be up more than $43 million today? Bitcoin, the original cryptocurrency, has seen unprecedented growth in recent years, making it one of the

Is Solana the Next Big Thing in Crypto? The Potential Impact of Ethereum’s Market Cap on Solana Price Solana has been making waves in the cryptocurrency world with its fast transaction speeds and low fees. However, the price of Solana could witness notable shifts if Ethereum’s market capitalization approaches a

Cardano’s Price Analysis Trading Sideways This week, Cardano’s price has been moving sideways, remaining range-bound between the resistance level of $1.02 and the support level of $0.96. This kind of trading pattern indicates that neither the buyers nor the sellers have gained control over the market, resulting in a period

A Widely Followed Cryptocurrency Analyst Turns Bullish on Ethereum By: CryptoNews123 A widely followed cryptocurrency analyst and trader, who goes by the pseudonym Credible Crypto, recently made a bold statement regarding Ethereum (ETH). He took to social media to share his thoughts on the ETH/BTC pair, shifting from a bearish

Community Concerns over Banks Holding Bitcoin The Original Vision of Bitcoin Since its creation by Satoshi Nakamoto, Bitcoin has been hailed as a decentralized digital currency that allows individuals to have full control over their finances without the need for intermediaries such as banks. The vision of Bitcoin was to

PENGU Token Breaks Above $0.028 Resistance Level The PENGU token has recently made headlines as it broke above the $0.028 resistance level, with a staggering $430.56 million in trading volume. This significant milestone showcases the token’s technical strength, despite recent weekly volatility in the market. Technical Strength of PENGU Token

The Road to Recovery: Bitcoin Bounces Back The recent price slump Bitcoin (BTC) has recovered from its recent slump, which saw the price drop to an intraday low of $101,441 late on Thursday. The flagship cryptocurrency has registered an increase of nearly 3% over the past 24 hours and is

A Riot Platforms exec accuses Ripple of lobbying against the Strategic Bitcoin Reserve Introduction Recently, a top executive at Riot Platforms made a startling accusation against Ripple, claiming that the company has been actively lobbying against the establishment of a Strategic Bitcoin Reserve. This move is believed to be driven