Die Anwälte von Sam Bankman-Fried sagen, dass das Tagebuch von Caroline Ellison nicht von SBF als Zeugenbeeinflussung verwendet worden sei.
MicroStrategy narrowed its crypto-related impairment charge sharply in Q2
- MicroStrategy bought another 12,333 Bitcoin in its second quarter.
- The business intelligence company returned to profitability in Q2.
- MicroStrategy stock has roughly tripled versus the start of 2023.
MicroStrategy Inc – one of the most prominent institutional holder of Bitcoin – says it returned to profitability in its second financial quarter. Its shares are still down 2.0% after-hours.
MicroStrategy continued to buy Bitcoin in Q2
The business intelligence company added another 12,333 Bitcoin in Q2 – the most it has bought in a quarter in about two years. In total, it now has 152,800 BTC on the balance sheet worth about $4.4 billion.
MicroStrategy narrowed the impairment charge related to its crypto holdings in the second quarter to $24.1 million versus close to a billion-dollar last year. Andrew Kang – its Chief Financial Officer said in the press release:
We continued to increase bitcoins and did so against the promising backdrop of increasing institutional interest and ongoing regulatory clarity.
Bitcoin is currently up about 80% for the year.
MicroStrategy topped Q2 earnings estimates
MicroStrategy earned $22.2 million in its recently concluded quarter that translates to $2.35 a share (adjusted) on $120.4 million in revenue – down 1.0% on a year-over-year basis, as per the press release.
In comparison, analysts were at $1.64 a share and $126 million, respectively. According to CEO Phong Le:
Growth in our recurring revenue this quarter illustrated the strength of our enterprise cloud platform, despite ongoing macroeconomic headwinds.
The news arrives only days after a TD Cowen analyst Lance Vitanza dubbed MicroStrategy the best way for institutional investors to gain exposure to Bitcoin. He sees upside in the software stock to $520 – about a 21% premium on its current price (find out more).
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Krypto-Markt verliert 486 Mio. US-Dollar im Juli: Höchste Summe seit 2022
Dem Bericht zufolge ist fast die Hälfte der Verluste in diesem Monat auf den Multichain-Exploit zurückzuführen, bei dem es zu 231 Millionen US-Dollar an Verlusten gab.
ConsenSys releases “Diligence Fuzzing,” tool for testing smart contract vulnerability
- More than $471.43 million was lost through Web3 security vulnerabilities in the first half of 2023.
- The Diligence Fuzzing has been integrated with the smart contract toolkit Foundry.
- The tool features a free version for developers who wish to test it out before making any payments.
The blockchain technology company ConsenSys has announced the public release of its “Diligence Fuzzing” smart contract testing tool. The new tool generates “random and invalid data points” to identify contract flaws prior to the smart contract launch.
The launch is very timely seeing that decentralized finance hacks cost over $2.8 billion in 2022. ConsenSys claims that as a result of these losses, developers are adopting more sophisticated testing tools to assist in identifying vulnerabilities before attackers do.
Previously, developers had to request access to the closed beta version of the new tool before using it. As of August 1 after the release of the “Diligence Fuzzing” tool, this approval procedure is no longer required.
Diligence Fuzzing is now integrated with Foundry’s smart contract toolkit, and it offers a free version for developers to try out.
How does the “Diligence Fuzzing” work?
According to ConsenSys security services lead Liz Daldalian, developers using the “Diligence Fuzzing” tool can annotate their contracts using a machine language called “Scribble,” which is also developed by ConsenSys. After doing this, the fuzzing tool will interpret the annotations and produce “unexpected” inputs so as to test whether the smart contract can be forced to produce unintended actions.
ConsenSys security researcher Gonçalo Sá has, however, stated that the “Diligence Fuzzing” tool is not a “black box fuzzer” and that it does not produce completely random data. Instead, Gonçalo says that the fuzzing tool acts as a “grey-box fuzzer” that understands the smart contract’s current state to limit the types of data produced, thus increasing the tool’s efficiency.
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Bitcoin Cash price prediction as volatility and volume slumps
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Bitcoin Cash, like other cryptocurrencies, remained in consolidation in July.
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There are signs of rotation moving from digital currencies to stocks.
Bitcoin Cash (BCH) price had a difficult performance in July as the fear and greed index remained neutral at 50. The coin dropped to a low of $230 in July, down from the monthly high of $330.53.
Rotation from crypto to stocks
Bitcoin Cash price remained in a tight range as demand and volatility retreated. Data shows that the volume of cryptocurrencies traded in exchanges dropped sharply in July. This happened even after a number of important catalysts happened during the month.
For example, data published by the Bureau of Labor Statistics (BLS) showed that the America’s consumer price index (CPI) dropped from 4.1% to 3.0%. The closely watched personal consumption expenditure (PCE) index dropped from 4.0% to 3.1%.
These numbers mean that the country’s inflation is falling at a faster pace than expected. As a result, investors believe that the Federal Reserve has completed hiking interest rates. It hiked them by 0.25% last Wednesday to the highest level in 22 years.
Another important crypto news in July was the partial victory by Ripple in its long-running case with the Securities and Exchange Commission (SEC). In her judgment, the judge ruled that XRP was not a financial security.
Therefore, Bitcoin Cash price likely retreated as investors moved from cryptocurrencies to stocks. The Nasdaq 100 index and S&P 500 indices surged to the highest level in months, with the former soaring by 42% this year. As a result, there is a likelihood that many crypto investors moved their funds to stocks.
Bitcoin Cash price prediction
The 4H chart shows that the BCH price has moved sideways in the past few weeks. It has moved to the 50-period and 25-period moving averages. Bollinger Bands have narrowed. The coin has moved above the key support level at $230.94, the lowest level in July.
The Relative Strength Index (RSI) has moved below 50 while the Average True Range (ATR) has retreated. ATR is one of the most popular measures of volatility.
Therefore, there is a likelihood that the indicator will remain in this consolidation phase in the coming days. A drop below the support at $230 in a high environment will push it to the next support at $200. A move at $266 will open the possibility of the Bitcoin Cash price rising to $300.
How to buy Bitcoin Cash
eToro
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
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