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“# Riot Blockchain buys 15K Bitmain Antminers, expects 65% hash rate increase ” Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute to an increase in its total Bitcoin…
“# Indian crypto exchange CoinDCX raises $14M in its third round in 2020 ” CoinDCX, the largest cryptocurrency exchange in India, continues to aggressively expand its business with a massive new fundraise. According to a Dec. 21 announcement, CoinDCX has raised $13.9 million from industry investors like Coinbase and Polychain in its Series B funding round….
“#Elon Musk trolls Bitcoin, sends rival ‘Dogecoin’ soaring” Elon Musk called Bitcoin “bs” in a series of bizarre weekend tweets that also sent the price of a rival cryptocurrency soaring. The world’s second-richest man appeared to question the legitimacy of all cryptocurrencies during an early morning rant before later toying with the idea of converting…
“# Bitcoin headed for Christmas volatility as 100K BTC options expire ” In a Monday tweet, crypto data provider Skew reported that 102,200 Bitcoin options will expire on Dec. 25. Options contracts allow holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The Dec. 25 expiry has…
“# Price analysis 12/21: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM ” MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed the $650 million raised through a recent convertible debt offering. The business intelligence firm…
“# The launch of Apple Pay in Lumi Wallet simplifies crypto purchasing and increased newcomers hundreds of times ” One week after launching the new payment method Apple Pay, Lumi Wallet saw a 209% growth of in-wallet Bitcoin purchase. Lumi developers relate this to the simplification of the crypto purchase procedure and the shortening of…
“# Bitcoin rebounds despite ‘COVID-20’ fears — But is the correction now over? ” Bitcoin (BTC) price has been on a tear in recent months, leading to a new all-time high at $24,200. However, BTC saw a correction on Dec. 21 as the equity markets also opened in the red. Bitcoin’s price dropped by 6%…
“# MicroStrategy buys the dip — Now has more BTC than US Govt ” Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin CEO Michael Saylor tweeted the news immediately following a pullback in…
“# Bitgrail’s founder contributed to $150M loss, Italian authorities allege ” Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the platform’s $150 million hack in 2018. Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from…
“# Cat got your tongue? Bitcoin critics wither in 2020 ” Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin’s performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp. Yet compared to other bull run years…