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Despite MicroStrategy CEO Michael Saylor’s best efforts, Microsoft (MSFT) shareholders have voted against the proposed Bitcoin investment strategy. The decision will see the company reject the opportunity to add the leading cryptocurrency to its treasury holdings. Although a positive vote wouldn’t have meant an established holding, it would’ve instructed the board of directors to study the implications of that decision. MicroStrategy has been the face of Bitcoin investments over the last year. specifically, the company’s shares are up nearly 2,500% since it started purchasing Bitcoin in 2020. JUST IN: Microsoft $MSFT shareholders vote against #Bitcoin investment proposal. — Watcher.Guru (@WatcherGuru) December 10, 2024 Also Read: Who Will Add Bitcoin First, Microsoft or Amazon? Microsoft Rejects Bitcoin Proposal, Will Not Add BTC to Treasury Holdings Throughout 2024, Bitcoin has remained a focus of the finance sector. Indeed, the asset class has surged in popul...

Artificial intelligence (AI) startup OpenAI, the parent company behind ChatGPT, ousted Sam Altman as CEO. Following the news, and the appointment of an interim CEO, one entrepreneur appeared keen on having Altman join the world of crypto. Cardano founder Charles Hoskinson displayed a bit of schadenfreude on the heels of OpenAI’s confirmation that Altman would no longer be CEO of OpenAI. Hoskinson took to X, formerly Twitter, to extend an invitation to Altman, asking the former CEO to participate in a decentralized large language model (LLM) project. Sam @sama since you have some free time now. If you are interested in doing a decentralized LLM, then hit me up. Would be a fun Cardano Partnerchain — Charles Hoskinson (@IOHK_Charles) November 18, 2023 According to OpenAI’s announcement, the decision to fire Altman was made by the board of directors, which stated that it lost confidence in the founder’s ability to continue at the helm.  “Mr. Altman’s d...

Ethereum’s $10 Billion Revenue Milestone Outpaces Tech Giants; Ethereum, the CRYPTOCURRENCY runner-up by market capitalization, recently celebrated a groundbreaking achievement: surpassing $10 billion in protocol revenue . In doing so, it raced ahead of tech behemoths Microsoft and Adobe . Caleb & Brown, a noted cryptocurrency brokerage, highlighted Ethereum’s impressive acceleration. It took Ethereum a mere 7.5 years to hit this revenue landmark, outpacing Microsoft and Adobe, which took 19 and 20 years, respectively. This revenue boon arose primarily from fees on transactional activities, encompassing decentralized finance (DeFi) app usage, ERC-20 token creation and trading, NFT dealings, and more. However, it wasn’t all rosy for Ethereum. Despite its accelerated growth, Ethereum’s annual revenue dipped over 77% from last year, reflecting the broader CRYPTOCURRENCY market downturn. As per Token Terminal, a crypto analytics entity, Ethereum’s 2023 earnings s...