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“# German cannabis company hedges with Bitcoin in case euro crashes ” SynBiotic SE, a German cannabis company, has announced that it is following the lead of companies like MicroStrategy and Tesla in shifting part of its liquid cash holdings into Bitcoin (BTC). In a Feb. 16 update on its website, the company stated that…
“# Microsoft has no plans to make Tesla-like move into Bitcoin, says president ” Microsoft, the second-largest company in the United States, does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet, according to the firm’s president Brad Smith. In a Feb. 16 interview with CNN’s Julia Chatterley, Smith still…
“# Bitcoin hits a new high of $51.3K as analyst declares ‘historic’ parabolic advance ” Bitcoin (BTC) hit new lifetime highs of more than $51,200 on Feb. 17 as it tackled what trader Peter Brandt confirms is a “parabolic advance.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin enters uncharted $50,000 zone Data from Cointelegraph…
“# ‘Fair Launch’ tokens outshine the average coin’s performance ” So-called ‘Fair Launch’ tokens are outperforming most projects released via centralized token distribution events, according to crypto market data aggregator Messari, Messari defines Fair Launch tokens as having a publicly announced launch without any form of pre-mine. These include older top 10 crypto assets Bitcoin…
“# YouTuber regrets spending 37 BTC — now worth $1.8M — on used Hondas ” A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars. Known on social media as “NSXTRA”, Chris Cut’s Feb. 16 YouTube video titled “Idiot Spends $1.8 Million of Bitcoin…
“# Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021 ” A small scale study of financial executives has found that 5% of companies intend to invest in Bitcoin (BTC) as a corporate asset this year, with a further 11% stating they could do so by 2024. The survey conducted by Gartner…
“# Evolve wins second Canadian Bitcoin ETF as Ontario regulator approves application ” North America’s second Bitcoin (BTC) exchange-traded fund received regulatory approval on Tuesday, offering another potential entry point for institutional investors to access digital assets. Less than three weeks after filing a preliminary prospectus for a Bitcoin ETF, Evolve Funds Group Inc announced Tuesday…
“# NYDIG files for US-based Bitcoin ETF, with Morgan Stanley on board ” New York Digital Investment Group, or NYDIG, has submitted paperwork with the United States Securities and Exchange Commission to launch a new Bitcoin exchange-traded fund. NYDIG filed a Form S-1 registration statement for a Bitcoin ETF with the SEC on Tuesday. The submission…
“# Is a retail frenzy causing the Bitcoin futures’ markets excessive leverage? ” Bitcoin (BTC) has breached the $50,000 level on Feb. 16. But while failing to cleanly break the psychological barrier, it undoubtedly displayed the potential for even higher valuations. Meanwhile, futures and options indicators are misaligned, signaling excessive buyers’ leverage, while options markets…
“# Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com ” Chinese sports lottery service 500.com has acquired a major Bitcoin (BTC) mining pool, BTC.com. 500.com has entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company in the Cayman Islands, according to a Feb. 16 announcement. As part of the deal, 500.com…