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“# Tesla expects to begin accepting Bitcoin for payment ” Elon Musk’s Tesla Motors is following in the footsteps of MicroStrategy and other companies by allocating part of its balance sheet to Bitcoin (BTC). In Monday’s filing with the Securities and Exchange Commission, the company announced it had purchased an aggregate of $1.5 billion in…
“# Bitcoin hits $43K all-time high as Tesla invests $1.5 billion in BTC ” Bitcoin (BTC) jumped by almost $3,000 in minutes on Feb. 8 as reported emerged that Tesla had bought $1.5 billion worth of BTC. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price soars above $43,000 Data from Cointelegraph Markets and TradingView…
“# Bill Miller plans $400M Bitcoin investment via GBTC ” Hedge fund legend Bill Miller is exhibiting an even larger appetite for Bitcoin (BTC). According to a Friday filing with the United States Securities and Exchange Commission, The Miller Opportunity Trust is seeking indirect exposure to BTC via the Grayscale Bitcoin Trust. The planned investment…
“# Major Malaysian financial firm to invest in regulated crypto exchange ” Kenanga Investment Bank Berhad, one of the largest financial services companies in Malaysia, is moving into the cryptocurrency industry with a new investment. According to an official Feb. 8 announcement, Kenanga has entered into a conditional agreement to acquire a 19% equity stake…
“# CME Ethereum futures go live, Bitcoin caps its best week ever: 5 things to watch this week ” Bitcoin (BTC) bulls seem firmly in the driving seat this week as the largest cryptocurrency begins Monday at near $40,000. After climbing through much of the previous week’s trading, BTC/USD is now up 15% compared to…
“# Top 5 cryptocurrencies to watch this week: BTC, DOT, LINK, XLM, THETA ” Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin. Similarly, Ether (ETH) with a market cap of about $180 billion…
“# Robinhood and GameStop proved we need a new financial system ” King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea that his greed turned even food into gold, leaving him wealthy but unable…
“# Crypto-friendly faces poised for positions in Biden administration ” As the United States Senate begins confirming leadership posts across commerce and the treasury, there has been meaningful momentum in the crypto community as a response. This is due to the profiles of various individuals who have been reportedly nominated, as well as the anticipated…
“# Major correction for DeFi as Bitcoin rejected again above $40K: What’s next? ” The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even…
“# Circling back to blockchain’s originally intended purpose: Timestamping ” What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the…