Microsoft – The Shib Daily

The Shib News Recap: Monday

Malaya Ruiz — Mon, 02 Dec 2024 21:30:00 +0000

This Monday, The Shib Daily shines the spotlight on Shiba Inu (SHIB), which analysts predict is on the brink of a major price surge. Furthermore, Shibarium’s total value locked (TVL) is witnessing significant growth ahead of a critical hard fork.

We also bring you pivotal crypto news headlines that examine the fallout from mining scandals and unregistered operations, and what this means for cryptocurrency and investment funds. The conversation also shifts toward the monopolistic tendencies emerging within the tech industry.

Shiba Inu Bullish Breakout Sparks 179% Price Predictions; Shibarium Hits Another Record TVL

Shiba Inu surged over the weekend due to a confirmed bullish pattern breakout, with predictions of a 179% price rise to $0.000081. It briefly reached $0.00003300 before falling to $0.00002907 on Monday, reflecting a 2.98% dip. Nevertheless, it remains up 10.90% for the week and 64.30% for the month. A 31.25% increase in trading volume indicates heightened investor activity responding to these forecasts.

Meanwhile, Shibarium has reached a new all-time high (ATH) in TVL at $10.22 million. This achievement coincides with an upcoming hard fork, which indicates important progress for the ecosystem. The TVL grew from $8 million just a week ago, thanks to increased user engagement and DeFi activity. Additionally, the network now has 203,266 accounts, a 12.92% rise since November 2.

Touzi Capital’s $95 Million Crypto Scheme Under SEC Scrutiny

The SEC has filed a lawsuit against Touzi Capital, LLC and Eng Taing for allegedly misleading over 1,200 investors about the use of their funds in cryptocurrency mining. Allegations include unregistered securities offerings that raised nearly $95 million between 2021 and 2023. The SEC also claims that Taing misused investor funds for personal expenses and commingled funds from other ventures. The Commission is requesting injunctions, civil penalties, and a ban on Taing from serving in leadership roles.

Elon Musk’s Lawsuit Claims OpenAI and Microsoft Are Thwarting Competition in the AI Industry

In a lawsuit filed in Northern California, Elon Musk accuses OpenAI and Microsoft of anti-competitive behavior in the AI sector. Musk argues that OpenAI has moved from a non-profit to a $157 billion for-profit model. He claims their partnership has resulted in market monopolization and raises concerns about conflicts of interest involving OpenAI CEO Sam Altman. Although Musk asserts these actions have hurt xAI’s funding opportunities, the company has still managed to secure a $5 billion investment.

Listen to “The Shib and Tell,” the official podcast of The Shib available on Spotify for the latest updates on the Shiba Inu community and the crypto space. Don’t forget to subscribe to The Shib Daily on YouTube as well for a wealth of exclusive insights.

The post The Shib News Recap: Monday first appeared on The Shib Daily.

Microsoft to Bitcoin: Thanks, but No Thanks (We’re Good With Clippy)

Gushiken Yona — Sat, 26 Oct 2024 16:24:22 +0000

So, Microsoft, the tech giant who brought us the joys of the Blue Screen of Death and Clippy the paperclip, has decided Bitcoin isn’t quite its cup of tea. Apparently, shareholders had the audacity to suggest dipping their toes into the crypto pool, prompting Microsoft to issue a swift and decisive “Nah, fam.” Their reasoning? Bitcoin’s too volatile. You know, unlike the stock market.

Its annual shareholder meeting on December 9 has a menu of hot topics, but one proposal stands out: should Microsoft invest in Bitcoin? Spoiler: the board thinks absolutely not. In fact, they’ve advised shareholders to snuff out this revolutionary, decentralized dream by voting against it. Because, you know, corporate treasuries “require stable and predictable investments.” (Somewhere, Bitcoin just rolled its eyes ).

Microsoft Says ‘We’ve Considered Bitcoin’—Translation: It’s Already Been Dismissed

In their filing with the SEC , Microsoft essentially reminded everyone that, yes, Bitcoin crossed their minds—once. It noted it has “carefully considered this topic” (probably during a 15-minute PowerPoint meeting ) and decided Bitcoin and all its crypto cousins don’t quite fit their “strong and appropriate” treasury management strategy. Why? Because volatility is the ultimate buzzkill . Stable and predictable, like a 401k, not like a wild party where Bitcoin and Ethereum take turns spiking the punch .

This proposal didn’t just come out of thin air The National Center for Public Policy Research, bless their hearts, is out here advocating for companies to allocate 1% of their assets to Bitcoin—a hedge against inflation, they say. And they’re serious—Bitcoin has performed way better than cash under mattresses or most traditional investments . But that’s not exactly Microsoft’s cup of tea, given their play-it-safe approach to treasury management .

Microsoft’s response? “We already use the blockchain for… digital driver’s licenses!” Which is like saying you understand the internet because you use email.

When Microsoft adds #Bitcoin to their balance sheet pic.twitter.com/75ozyUoJXd
— ASN09BlackCanvas (@ASN9002) October 25, 2024

Irony Alert: Microsoft Actually Uses Bitcoin (Kind of)

Here’s the kicker: Microsoft already leverages Bitcoin tech through its decentralized identifier network, ION. It’s like a Bitcoin-powered side hustle where users can own and control their own digital identity. Decentralized IDs, digital credentials, diplomas—it’s a slick system . But they’ve drawn the line here: while happy to dabble in blockchain tech, full-on Bitcoin investment just seems a little too rebellious. (Or maybe they just don’t want to ruffle any Wall Street feathers ).

So, here’s the question: why invest in the tech but dismiss the asset? When will corporate America stop seeing Bitcoin as a high school dropout and recognize it as the brainiac prodigy who just doesn’t wear a suit? Is it a reluctance to jump into the kind of wild market where Bitcoin’s value can go from “yacht” to “used Honda Civic” within a day?

Bottom Line: Microsoft is saying no, but with the classic corporate spin of “We’re just being responsible.”

Disclaimer: This article may or may not be written by a Bitcoin evangelist sitting on a $10,000 price prediction . All opinions are definitely tongue-in-cheek . Not investment advice—don’t spend your rent money on crypto, kids.

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Microsoft to Consider Bitcoin Investment in Shareholder Vote, Board Disagrees

Gairika Mitra — Fri, 25 Oct 2024 13:23:49 +0000

Microsoft has disclosed in an SEC filing that shareholders will vote on a proposal to invest in Bitcoin at their December 10 meeting. However, the company’s board has recommended voting against it, emphasizing that the proposal, introduced by a think tank shareholder, is not a priority for the tech giant.

The filing stated that the “Board recommends a vote against this proposal.”

Adam Cochran (adamscochran.eth), Partner at CEHV shared, “this is a fringe proposal by a think tank shareholder, and is not a serious consideration by Microsoft at large.”

Contrasting Crypto Strategies: BlackRock Embraces Bitcoin ETFs While Vanguard Stays Cautious

Vanguard and BlackRock are significant shareholders in Microsoft, with Vanguard holding the largest stake at 9%, while BlackRock has 7.82%.

BlackRock is a major player in the cryptocurrency market, launching Bitcoin spot exchange-traded funds (ETFs) that have attracted over $26 billion in assets under management. In contrast, Vanguard, which manages $9.3 trillion in assets, has taken a more cautious approach to crypto.

After the introduction of spot Bitcoin ETFs earlier this year, Vanguard announced in a blog post that it would not be creating or offering crypto-related ETFs to its clients. “Vanguard does not have plans to create a Vanguard Bitcoin ETF or other crypto-related products,” the company stated. “Additionally, such products from other issuers will not be offered on our brokerage platform.”

Other notable shareholders in Microsoft include State Street Corp., Capital Group, Morgan Stanley, and JP Morgan.

Microsoft Expands Blockchain Offerings: Collaborates with Space and Time, Aptos Labs

Microsoft is working together with the decentralized data platform Space and Time to provide developers with access to real-time blockchain data directly from the Microsoft Azure Marketplace. This collaboration follows a $20 million strategic funding round led by Microsoft’s venture capital arm, M12, about seven months ago.

The Azure Marketplace is an online store that offers applications and services for Microsoft’s Azure cloud platform. Azure is the second-largest cloud infrastructure provider globally, behind Amazon Web Services, according to Statista.

Space and Time specializes in delivering real-time data indexed from major blockchains, integrating it with off-chain datasets supplied by clients. The result is a hybrid transactional and analytical database that comes pre-loaded with real-time, blockchain-native data.

Additionally, Aptos Labs announced a partnership with Microsoft to develop the Aptos Assistant, a chatbot powered by ChatGPT designed to deliver information and analysis about the Aptos ecosystem to both users and developers.

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