Despite being on the Bitcoin billionaires list, MicroStrategy’s appetite for Bitcoin sees no end in sight. The business intelligence firm just announced another debt instrument to purchase more of the digital gold. MicroStrategy intends to sell $600 million convertible senior notes due 2027 to qualified institutional buyers. The net
According to data from on-chain analytics provider Glassnode, Bitcoin miners are hodling the digital asset and refusing to sell while long-term investors take profit. Glassnode reports that while January was characterized by heavy selling from miners, the rate of selling has dropped significantly in February. Miners and longer-term investors are
Amid rising adoption from institutions, ‘crypto mom’ Hester Peirce has called for a clear regulatory framework for cryptocurrencies. The Republican commissioner who has earned her title as ‘crypto mom’ for her pro-crypto stance as an asset class told Reuters on Saturday that there was an urgent need for regulators to
Ethereum 2.0 Beacon Chain might be undergoing its first hard fork judging from a proposal published by Vitalik Buterin. The hard fork has been tentatively named HF1 and would allow developers to rollout key upgrades to Beacon Chain. As per the proposal, HF1 has three primary aims. First on
According to Balaji Srinivasan, a former Coinbase CTO, India’s ban on Bitcoin and other cryptocurrencies could eventually cost the country trillions in potential profits. The former CTO in an interview with The CapTable opined that banning Bitcoin is akin to banning the “financial internet.” Seeing that there is no
Amid Bitcoin’s plunge to the $46k region on Monday morning, an analyst has revealed that while day traders were cashing out, whale buyers were accumulating the digital asset. According to the data shared by the independent analyst on Twitter, the number of newly-created Bitcoin addresses and the number of
Following a tweet from Elon Musk criticizing the distribution of Dogecoin, the value of the digital asset plunged by 23% on February 15. Early on Monday morning, the world’s richest man drew the attention of his 46.9 million Twitter followers to the vastly unequal distribution of DOGE. A
Although Bitcoin pulled back from its all-time high over the weekend, on-chain data suggests that short-term holding is on the rise. The digital asset reached a new all-time high of $49,580 on Sunday, February 14. However, Bitcoin plunged by nearly 7% to trade in the $46k region by Monday.
An investment arm of Wall Street giant Morgan Stanley is mulling over adding Bitcoin to its portfolio. According to a report by Bloomberg, the investment unit known as Counterpoint Global (CG) might invest in Bitcoin after exploring client needs. CG is worth over $150 billion and has earned a reputation
Institutional investors like MicroStrategy, PayPal, and Tesla, have all set their eyes on Bitcoin. New data suggests that these big-money players have been able to accumulate nearly 3% of Bitcoin’s total circulating supply. A few institutional investors have amassed over 460,500 BTC, which is valued at more than
In the last 24 hours, Grayscale’s Ethereum Trust has topped up on an extra 52,730 Ethers. The purchase worth around $93 million is the highest daily inflow into Ethereum since the crypto asset manager reopened its doors to new Ethereum investors earlier this year. Grayscale adds $93m worth
A few days ago while speaking to Forbes, Miami’s Mayor Francis Suarez disclosed that the city was considering expanding its Bitcoin adoption by paying city employees with the digital asset. Barely a week later, and Miami’s City Commission has passed a resolution allowing municipal employees to receive their
While there have been several stories of individuals who lost their Bitcoin fortune by misplacing their private keys or hardware wallets, no one has talked about the meme coin DOGE. The story of Billy Markus, Dogecoin’s original founder, is one of such tales. In an open letter to the
India has become the second country to outrightly ban Bitcoin and other cryptocurrencies. This is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions. There has been a lot of drama surrounding
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Four months after rolling out its crypto buy, sell, and hold service to U.S. customers, PayPal has revealed that it will be expanding its crypto products to outside of the U.S. The next stop is the United Kingdom, which is expected to go live in a few months.
The year 2020 has given rise to many first-gen DeFi projects catering to Ethereum users. This year and beyond, multi-chain support will become the new normal. Huobi Global is the next major exchange to incorporate Kava's technology into its platform. Huobi Global and the KAVA asset go back