Microsoft 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 […]
Crypto Industry Holds Its Breath as US Election Debate Fails to Clarify Economic Policy
After the first election debate, QCP Capital shared its perspective on how the U.S. election could influence the cryptocurrency market. According to the firm, investors remain cautious as their attention shifts to key macroeconomic indicators and the upcoming election decision. The CEO of Chirp, a decentralized telecommunications network, echoed this sentiment, noting that while the […]
Graph Foundation Director: BTC Rally Fails to Rekindle Investor Interest in Crypto Startups
According to a director of a non-profit organization, investors’ growing interest in artificial intelligence (AI) may be diverting funds away from crypto startups. The director suggested that the diminished investor interest, even with a rising crypto market, supports this assertion. The director said the diminished interest could be due to a lack of awareness about […]
Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $ 58,388, fluctuating within an intraday range of $ 57,257 to $ 58,698. With a trading volume of $ 29.57 billion and a market capitalization of $ 1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators …
Why Socialism Fails: A Misesian Perspective
Socialism, despite its promises of equality and social welfare, inherently fails due to its inability to perform economic calculation and its reliance on coercive control over the means of production. Ludwig von Mises, in his seminal work “Socialism: An Economic and Sociological Analysis,” provides a comprehensive critique of socialism’s flaws rooted in both economic and […]