MicroStrategy reports $170 million impairment loss on Bitcoin holdings in Q1 – Forbes India

MicroStrategy, the largest publicly-traded business intelligence company, announced in its financial results for the first quarter of 2022, that the company bore a non-cash digital asset impairment charge of $170.1 million, up from last quarter. Standard accounting rules say that the value of digital assets, including cryptocurrencies, should be recorded at the cost price and […]

21Shares and ByteTree launch a gold-cum-Bitcoin ETP – Forbes India

The 21Shares ByteTree BOLD ETP is a collective brainchild of 21Shares, the Switzerland-based ETP provider and asset management firm ByteTree. Both the issuers–21Shares and ByteTree–believe that the ETP will be a great investment vehicle for asset protection, guaranteeing substantial returns during these inflationary times. If any of the two assets is less volatile than the […]

Homegrown blockchain co Polygon commits to go carbon neutral this year – Forbes India

On Tuesday, April 12, the Polygon network announced its intention to become carbon-neutral and climate positive this year. Formerly known as Matic, Polygon is an Ethereum-based software platform that enables developers to build scalable and user-friendly decentralised applications at cheap transaction fees while maintaining network security. But climate change enters the stage as a powerful […]