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MicroStrategy’s Bitcoin Bet Backfires: Reports Massive Loss

• MicroStrategy reported a massive fourth quarter loss of $249.7m, with the number dragged down significantly by a $197.6m loss from its Bitcoin investment strategy.
• The company has recorded a cumulative impairment loss on its BTC holding of $2.153bn since acquisition.
• Despite this, the company has remained steadfast in his faith in Bitcoin and founder Michael Saylor pointed to the increase in the company’s share price since the bitcoin strategy was announced.

MicroStrategy Reports Massive Fourth Quarter Loss

MicroStrategy on Thursday reported a net loss of $249.7 million for the fourth quarter ended, with this amount dragged down significantly by a $197.6 million loss from its Bitcoin investment strategy. As of the end of the fourth quarter, MicroStrategy held approximately 132,500 BTC, worth some $1.84 billion and has recorded a cumulative impairment loss on its BTC holding of $2.153 billion since acquisition – marking this as the eighth consecutive quarterly loss for MicroStrategy .

Michael Saylor Remains Faithful To Bitcoin

Despite this, MicroStrategy founder and chairman Michael Saylor remains faithful to Bitcoin, pointing to the increase in their stock price since announcing their bitcoin strategy in August 2020 during an earnings call: “At that — on the day before, our stock was about $121 to 122$ per share – today it closed at 292$ per share – so we measure our success based upon creation of shareholder value” he said. Shares of MicroStrategy traded up 9% to 292$ after-hours trading slipped back to 284$. Since announcing their first bitcoin purchase in August 2020, bitcoin has approximately doubled in price – and they have continued buying throughout both bull and bear markets – most recently spending 42$ million to buy 2395 BTC in late December last year..

Bitcoin (BTC) Bull Bet

Bitcoin bull Michael Saylor’s big bet may be about to backfire for his company MicroStratgey after reporting these losses – however despite this they remain committed to their long term corporate strategy and conviction when it comes to investing and growing their position with bitcoin holdings..

Decrease In Share Price Since Beginning Of 2022

Since beginning of 2021 MSTR shares have decreased 46%, hitting a low point around 15476$ November 2020 – but currently trading around 23000$, double what it was when Mictrostragy made its first purchase last year..

Conclusion

Despite recording yet another quarterly loss due primarily to their Bitcoin investment strategy – Michael Saylor remains committed to creating long term shareholder value through his Bitcoin bet – while also noting an overall increase in stock prices since they began investing last year..

UNHCR Taps Into Cardano for Humanitarian Aid, Potential ADA Price Rise?

• The United Nations High Commissioner for Refugees (UNHCR) is tapping into the Cardano blockchain platform as an alternate approach to supporting displaced people.
• Through the platform, the humanitarian organization will be able to raise funds using staking to support people forced to flee.
• The Cardano token may benefit from increased demand as people around the world buy the ADA token for staking purposes.

The Cardano blockchain is gaining traction within the humanitarian sector, as the United Nations High Commissioner for Refugees (UNHCR) has announced its plans to tap into the Cardano platform as an alternate approach to supporting displaced people. The crypto platform, which is the eighth-largest cryptocurrency with a market capitalization of $13.2 billion, has seen a 45.5% increase in the past 30 days, though growth has recently slowed with only a 0.9% increase in the past 24 hours.

Through the Cardano platform, the humanitarian organization will be able to raise funds through the use of staking. This program allows crypto users to donate while still holding ADA in a smart contract for a period of time. The platform is seen as an innovative way to link other humanitarian communities in order to achieve a positive impact. “Adopting the Cardano blockchain is first and foremost a new and innovative way of helping raise funds using staking to support people forced to flee… The opportunity of a stake pool generating rewards enables an even larger community to help make a difference and deliver lifesaving assistance to those most in need,” UNHCR outlined via a blog post.

The Cardano token may benefit from increased demand as people around the world buy the ADA token for staking purposes. Though the primary focus of this new initiative is to provide humanitarian aid, the Cardano token has the potential to increase in value as more people participate in the program. With this development, the Cardano blockchain is becoming increasingly attractive to humanitarian organizations, as it provides an alternative way to raise funds while still providing a secure platform.

Overall, the Cardano blockchain is paving the way for a different approach to humanitarian aid. With the UNHCR tapping into the platform, the Cardano token may experience increased demand as more people get involved in the program. The potential benefits of the Cardano platform are not limited to humanitarian efforts, as the cryptocurrency could be used to facilitate secure transactions and contracts as well. As the Cardano platform continues to attract attention, the value of the token could continue to rise as more people adopt it.

Kava (KAVA) Jumps 9%, Coinbase Listing & 13th Biggest PoS Platform

• Kava (KAVA) has seen a 9% jump in the past 24 hours, with a 38% gain in a week and a 52% return in the last 30 days.
• Coinbase has announced that it will list KAVA today, with the coin’s indicators showing positive signs of a breakout rally.
• The KAVA platform is steadily growing, with the proof-of-stake layer-one platform now the 13th biggest such platform in the world.

The cryptocurrency market has been going through a period of volatility over the past week, with a 2.5% drop in the past 24 hours, and a slight correction from gains over the last week. Despite this, the market cap remains at roughly $997 billion, up 8% in a week and 20% in a month.

Amidst the turbulence, some coins have been performing well, with Kava (KAVA) standing out with a 9% jump in the past 24 hours, a 38% gain in a week and a 52% return in the last 30 days. These impressive figures can be attributed to the recent announcement by Coinbase that they would be listing the coin.

The news has already started to affect KAVA’s indicators, with its relative strength index (purple) shooting up to 80, while its 30-day average (red) is beginning to move up towards its 200-day (blue), signalling a significant breakout rally. Coinbase’s listing of KAVA will begin today from 9:00am Pacific Time (5:00pm UTC), and is sure to bring with it some further volatility.

But the good news doesn’t stop there. Kava’s organic growth has been just as impressive, with the coin’s platform steadily growing. It is now the 13th biggest proof-of-stake layer-one platform in the world, with the team behind it continually finding new ways to add value to their coin.

All in all, KAVA’s performance over the past week has been extremely impressive and it looks to be a great choice for any investor looking for a coin with strong fundamentals and potential for long-term growth.

Spectacle Wearers: The Benefits of Masks Specifically Designed for Them

Since the beginning of the COVID-19 epidemic, masks have been a crucial aspect of daily life. While masks can be beneficial to all people, they are particularly beneficial to people who wear glasses. A good mask is an excellent asset for people who require glasses. This article will discuss the different types of masks that are comfortable and fitting, design options peripheral vision fog and condensation and costs to consider with regards to glasses-wearing masks.

Types of Masks

In the case of masks for people who wear spectacles there are many kinds of masks to pick from. Face masks that have an integrated nosepiece can be ideal for those who wear glasses but do not want to carry a separate face spectacles and mask. This kind of face mask comes with the nosepiece which fits over the nose . It helps to hold glasses in place and stop the glasses from getting fogged. The nosepiece is also able to decrease how much air escapes the face mask’s sides which could improve its effectiveness in trapping particles, germs, and other contaminants.

Face masks that have adjustable straps are also a good alternative for those who wear glasses. The masks have straps that are adjustable and are adjustable to suit the face of the wearer and their head shape. This lets the wearer adjust their appearance and ensure the mask is safe and comfortable. It also decreases the chance of fogging glasses since the straps help keep the mask in place against the face.

Comfort and Fit

When it comes to the masks for people who wear spectacles the fit and comfort of the mask are crucial. Masks that aren’t snug enough or loose could make you uncomfortable and could make glasses appear to be fogged. It is important to choose masks with straps that are adjustable, to allow you to adjust the fit to suit your face’s shape and size. It is also essential to ensure that the mask is snugly fitted to the face. This helps assure that it works in capturing germs as well as other particles.

Style Options

If you’re looking for a fashion, there are a variety of styles of spectacles that are available. From plain black masks , to patterns There are masks to fit any fashion preference. The majority of these masks come in a variety designs and colors, meaning you’re sure to find something that is in line with your individual fashion.

Peripheral Vision

One of the main problems for those who wear glasses are how the vision might be affected when wearing a mask. There masks that are specifically made to enhance peripheral vision. They are made with a greater panoramic field of vision, which can improve the visibility and lessen the risk of glasses fogging.

Fog and Condensation

Another concern that can be faced by people who wear spectacles is condensation and fogging. It is possible to avoid this by wearing masks with an integrated nosepiece or straps that can be adjusted. These features make sure that the mask is snug against your face and help to hold the glasses in the correct position.

Cost Considerations

If you’re looking for a price there’s a range of masks that are available to spectacle wearers. From plain black masks , to patterns, the price will vary widely. It is crucial to think about the price of the mask prior to deciding one, as it may be an expensive cost.

Conclusion

Masks are an integral element of daily life and can be particularly useful for those who wear glasses. There are a variety of masks that are available, including masks that have an integrated nosepiece as well as adjustable straps, which aid in improving the fit, comfort peripheral vision, condensation and fogging. It is essential to take into consideration the price of the mask before deciding on one, since this could be a substantial cost. The best mask is an excellent benefit for people who have glasses.

The Switch’s Charge Conundrum: A Comprehensive Overview

The Nintendo Switch, released in 2017, quickly became an extremely popular device for gamers all over the world. This portable and powerful console gives users access to an enormous collection of games, including many of the most loved games available. But, many users are experiencing issues recently with the Switch not charging. This article we’ll look into the causes of the Switch and then explore the problem of the Switch not charging, consider possible solutions to the issue and examine the reaction of the public.

Background on the Switch

Nintendo Switch Nintendo Switch is a hybrid handheld gaming console that doubles as a home device. It lets gamers enjoy their favorite games at home or when on the go due to its distinctive design. It also has the most vibrant 6.2-inch screen with a touchscreen, and two detached Joy-Con controllers that can be used to play online multiplayer games. It’s Switch runs on a customized Nvidia Tegra processor, and it can run games with resolutions as high as 1080 pixels when docked.

The Issue of the Switch No Longer Charging

In recent months, a lot of Switch owners have started experiencing issues with their console not charging. Although this issue appears to be the most prevalent issue for older versions of the console, a few owners of the more recent models are also experiencing the similar problem. The issue is typically manifested by the Switch not charging after plugging in, or in the battery being depleted regardless of whether the console is connected to the power source.

Exploring Possible Causes of the Problem

To understand the reason Switch isn’t charging in certain situations it is essential to look at the possible causes of the problem. One possibility is the problem with the adapter or power cord. If the adapter or power cord is damaged or doesn’t function correctly, it may stop that Switch from charging correctly. In addition, the issue may be caused by an inefficient battery or a defect in it. Switch itself.

The Impact of the Switch No Longer Charging

This issue with the Switch not being able to charge can cause serious problems for the owners who own the console. One of the consequences is that it could make the console useless because it will not be able to turn on without a sufficient amount of charge. Furthermore, the issue could result in costly repairs because the console could require sending to a repair facility in the event that the issue cannot be fixed.

Evaluating Solutions to the Issue

There are, however, several possible solutions to the problem of the Switch not charging. One solution is to replace the adapter or power cord which could fix the issue. It is also possibility to swap the battery in case it’s defective. In addition it is possible that the Switch might require to be brought to be repaired in the event that the problem arises from a flaw within the device.

The Switch Manufacturer’s Response

Nintendo has yet to publicly make a statement on this issue with the Switch being no longer charged. However, some customers have claimed to have received the replacement console or refund following contacting customer support. In addition, the company has issued a couple of firmware updates which could help resolve the problem.

Consumer Reactions to the Situation

Consumers have had a variety of reactions to the issue. While some are pleased with the responses from Nintendo some are dissatisfied by the inability to provide an official statement. Some gamers are unhappy about the fact that the problem is more prevalent in older versions on the system.

Conclusion

The problem of the Switch not charging anymore is a source of discontent for many players. Although the reason for the issue remains unclear but there are some possible solutions to fix the problem. Furthermore, Nintendo has yet to publicly address the issue and many users are dissatisfied. In any event it is crucial that Switch owners to be aware about the issue and make the necessary changes to ensure the console is always fully up and running and ready for gaming.

Crypto Industry Focus on Cost-Cutting, Narrative to Ensure Long-Term Success: Novogratz

• Mike Novogratz, the founder of Galaxy Digital Holdings, argued that the events of 2022 have ‘cleansed’ the industry and that it is now time to survive the “transition period”.
• Novogratz warned that 2023 is a year to survive and that the outlook for crypto is not great due to regulatory headwinds.
• However, he suggested that, long term, “crypto is not going away” and that the prices of Bitcoin and Ethereum have held relatively steady.

Mike Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, recently spoke to CNBC about the future of digital currency. He argued that the events of 2022 have ‘cleansed’ the industry and that it is now time to survive the “transition period”.

Novogratz suggested that 2022 was a “grand washout” for the crypto industry, explaining that those who had a sell, they sold, and those who were leveraged, got out of the leverage. He warned that 2023 is a year to survive and that the outlook for crypto is not great due to regulatory headwinds.

However, he suggested that, long term, “crypto is not going away” and that the prices of Bitcoin and Ethereum have held relatively steady over the last couple of months and have gone up in the last few days. Novogratz noted that there are still “some overhangs – DCG, and Genesis, and Gemini – that will play out in the next quarter,” but that there is still room for optimism in the industry.

Novogratz went on to explain that the crypto industry must now focus on cutting costs and surviving this transition period. He suggested that those involved in the industry should focus on creating a narrative that inspires confidence and trust in digital currency and that investing in high-quality teams, products, and platforms is the best way to ensure the industry’s long-term success.

Overall, Novogratz argued that the future of the crypto industry is still bright, despite the challenges of the present. He suggested that those involved in the industry should focus on cutting costs, creating a positive narrative, and investing in high-quality teams, products, and platforms in order to ensure its long-term success.

Play & Earn with Tamadoge Games Arcade Beta – Crypto Community Abuzz!

• Tamadoge Games Arcade Beta has been released and the community is responding positively
• The platform offers three games to play, with two more being added soon
• Tamadoge has thrown down the gauntlet to its competitors by delivering on its vision of bringing real utility and value to the meme coin space

This week, the crypto community has been set ablaze by the launch of Tamadoge Games Arcade Beta. Developed by the meme coin Tamadoge, the play-to-earn metaverse games platform combines Tamagotchi-like fun with blockchain technology.

The platform offers three games to play in the Tamadoge Arcade: To the Moon, Rocket Doge, and Super Doge. Two more games will be added soon. As the platform is still in beta, users can test the games before they are officially released.

The launch of the platform has thrown down the gauntlet to other meme coins and crypto projects, such as Dogecoin, Shiba Inu, and Bonk. Tamadoge has delivered on its vision of providing real value and utility to the meme coin space.

The response from the community has been off the charts. In the first fifteen hours of the beta testing, users racked up over 150 hours of gameplay, with over 6,000 retries. The most popular game so far has been Super Doge.

In October 2022, Tamadoge became a top three meme coin with daily trading volumes in excess of $57 million. Its TAMA token registered an all-time high on the 4th October 2022, reaching $0.173. Crypto watchers predict that the Tamadoge price is likely to surpass those heights on the back of product development and real-world adoption.

The launch of Tamadoge Games Arcade Beta has been met with a lot of enthusiasm from the crypto community. With its promise of fun and rewards, the platform is sure to become a popular destination for users looking to play and earn. With more games and features in the pipeline, the future looks bright for Tamadoge and its users.

XRP Bargain: Whales Buy Ahead of SEC Court Ruling

• XRP price is currently in the buy zone and analysts believe it’s a bargain to get in now.
• A lawsuit by the Securities and Exchange Commission (SEC) against Ripple and its top executives for allegedly selling XRP as an unregistered token is ongoing.
• Whale investors have been buying XRP since November, which could point to a major rally ahead of the next bull market.

Ripple’s XRP (XRP) is back in the buy zone and analysts have identified it as a bargain to get in at this time. This comes after a market-wide relief rally that saw assets like Solana (SOL), Polygon (MATIC) and Litecoin (LTC) post double-digit gains in less than a week. The international money transfer token is, however, still facing a legal burden in the form of a lawsuit by the Securities and Exchange Commission (SEC).

The SEC accuses Ripple and its top executives of selling XRP as an unregistered token, thus breaching the Securities Act. Both parties have filed their final submissions to the court and the world is now eagerly awaiting the court’s ruling. At the center of the case are the Hinman documents and emails that state Ethereum was not a security. According to legal experts like John Deaton, the lawsuit has a higher chance of going to trial than a settlement.

XRP price has been falling since September, when bulls tapped out at $0.56. Despite this, support at $0.30 has remained strong, even after being tested five times in the last six months. This same level could mark the XRP price bottom ahead of a major rally into the next bull market. This prediction is further supported by Santiment data, which reveals that large-volume investors, otherwise known as whales, have been buying XRP since November.

XRP was one of the top-performing cryptocurrencies in 2020, with a peak of more than $0.75. The token’s price has since been on a downward spiral, with the bulls unable to surpass the resistance at $0.30. Despite the current bearishness, XRP is still one of the most widely-used tokens in the crypto industry. The token is used as a medium of exchange in countries like Japan, India, and the United Kingdom, and is accepted by more than 400 companies worldwide.

If the court ruling goes in Ripple’s favor, there is a possibility of XRP price returning to its previous highs. On the other hand, if the ruling goes against the company, the XRP price could dip even further. Whichever way the ruling goes, it is clear that XRP is in a prime position to take advantage of any price movements, especially if the bulls can break the $0.30 resistance. With the whales already scooping up XRP, all eyes are now on Ripple as the wait continues for the court’s decision.

Magic Eden Takes Action to Refund Users Affected by Fake NFTs Exploit

• Magic Eden, an NFT marketplace, has pledged to refund users who were sold fake NFTs in a massive exploit.
• The exploit affected popular collections such as ABC and y00ts and involved the sale of unverified NFTs.
• The team has identified 25 unverified NFTs sold across 4 collections and is currently checking if any additional NFTs were affected.

An NFT Marketplace, Magic Eden, is taking steps to ensure the safety of its users. Following an exploit that saw the sale of fake NFTs, the platform is pledging to refund users who were affected.

The incident, which was discovered on the morning of January 4 (PT time), affected some of the marketplace’s most popular collections including ABC and y00ts. The exploit involved the sale of unverified NFTs, which were passed off as part of verified collections. The creator of ABC, HGE, described the issue as “a massive exploit”, affecting high-value NFTs and called for the site to be paused.

The team from Magic Eden have since identified that the exploit was contained to 25 unverified NFTs sold across 4 collections. These unverified NFTs were visible on the collection pages and transactions of these NFTs were visible in the activity tabs of the collections.

The team is working to ensure the issue is fully resolved. They are currently checking if any additional NFTs were affected and they are taking steps to refund all users who mistakenly bought unverified NFTs. They are also working to prevent similar incidents from occurring in the future.

To ensure the safety of its users, Magic Eden is urging everyone to properly verify the authenticity of any NFTs before purchasing them. They are also encouraging users to report any suspicious activity they may find on the platform.

The team wants to reassure the community that the platform is safe for trading and that they are taking the necessary steps to protect their users. They are continuing to monitor the situation and will update the community with any new information.

Square Enix Doubles Down On Blockchain Games, Will Launch More In 2023

• Square Enix, a prominent Japanese video game developer and publisher, announced that it will continue to invest in blockchain games in the upcoming year.
• Square Enix is developing multiple blockchain games based on original IP and plans to launch more games in 2023.
• The Japanese government is encouraging Web3 development and even awarded some authorities with NFTs in 2022.

Square Enix, one of Japan’s most prominent video game developers and publishers, has announced that it will continue to invest in blockchain games despite the recent turbulence in the crypto market. In a Sunday letter, Yosuke Matsuda, the president of the company, detailed that Square Enix is „most focused“ on blockchain-powered gaming and will double down on web3 gaming in the upcoming year.

Matsuda stated that the company is developing multiple blockchain games based on original IP, rather than their existing franchises, with plans to launch even more such games in 2023. The company is also actively considering investment opportunities around blockchain in Japan or abroad. He noted that despite the extreme volatility in the crypto and NFT space and a somber string of news stories with blockchain connections, including the scandalous bankruptcy filing of FTX in November, there was still widespread adoption of blockchain technology.

The Japanese government’s focus on encouraging web3 development has also been a major factor in Square Enix’s decision to continue investing in blockchain games. The government has launched a „Priority Policy Program for Realizing a Digital Society“ and even awarded some authorities with NFTs in 2022.

Matsuda believes that blockchain games will transition to a new stage of growth in 2023, and Square Enix is looking to capitalize on this growth. The company is hoping to build on their existing successes in the blockchain gaming space, such as their popular blockchain-powered card game, Dragon Quest Rivals, and the decentralized fantasy game, Final Fantasy NFTs.

Square Enix is confident that its investment in blockchain games will pay off and is actively exploring new opportunities in the space. With the Japanese government’s support and the continued growth of the blockchain gaming industry, the company is confident that it will be able to continue to innovate and create engaging games for players around the world.