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“# Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K ” Another wave of selling pressure hit the cryptocurrency market on Feb. 23 as Bitcoin struggles to reclaim the $49,000 level. Data from Cointelegraph Markets and TradingView shows that Bitcoin fell under intense pressure in the early trading hours on Tuesday and this…
“# Square doubles down on Bitcoin, investing another $170M ” Financial services outfit Square just announced it has picked up more Bitcoin. Square “has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million,” the company said in a public statement on Tuesday, adding: “Combined with Square’s previous purchase of $50 million in…
“# North America’s first Bitcoin ETF sees explosive debut with $564M in assets ” Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise. Crypto data provider Glassnode reported Tuesday that the…
“#Ripple cryptocurrency crashes after MoneyGram ices deal” Ripple Labs’ cryptocurrency tumbled Tuesday after MoneyGram said it paused its relationship with the tech firm while it battles the feds in court. The price of XRP — the digital coin at the center of a Securities and Exchange Commission lawsuit against Ripple — sank nearly 22 percent…
“# Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures ” In the past 48-hours Bitcoin (BTC) price dropped by $13,360 and liquidated more than $2.6 billion worth of futures contracts. When including altcoin, the total sum of liquidations equaled $5.9 billion. After marking a record-high open interest at $19.5 billion…
“# Twitter CEO donates 1 BTC to Bitcoin core development non-profit ” Jack Dorsey, CEO of social media powerhouse Twitter, has donated 1 BTC to Brink, a non-profit group focused on Bitcoin’s technological framework. “Honored to have received a 1 BTC donation to our developer funding efforts from none other than @jack!,” Brink’s Twitter account…
“# 1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO ” Bitcoin (BTC) will be the savings method of choice for one billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicts. In an interview with CNBC on Feb. 23, Saylor, whose company owns in…
“# The United Arab Emirates chase crypto and blockchain adoption ” For a long time, the United Arab Emirates has been one of the most progressive crypto countries in the world. For example, government-owned licensing firm Kiklabb allows clients to pay for their visa and trade license fees via various digital assets to the Dubai…
“# Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance ” Whilst public adoption of crypto assets is increasing, the global regulations continue to progress and recognise decentralized technologies as a suitable infrastructure for the dematerialisation of securities. In Luxembourg, the country that is second in the world in terms of assets under…
“#Tesla stock falls after Elon Musk loses $15B in single day” Tesla’s stock price fell for the fourth straight day Tuesday after its massive Monday plunge wiped $15 billion off CEO Elon Musk’s net worth. The electric-car maker’s shares dropped as much as 13 percent to $619.50 in early trading, putting it below the price where…