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“# Tesla’s $1.5B Bitcoin buy throws the cat amongst institutional pigeons ” Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price. Head of equity strategy at Saxo Bank, Peter Garnry,…
“# Thai finance minister critical of current crypto speculative surge ” Thailand’s booming cryptocurrency trading market is causing some concern for government officials. According to Bloomberg, Arkhom Termpittayapaisith — the country’s finance minister — has warned that the ongoing crypto speculative mania could have dire implications for Thailand’s capital market. The finance minister issued the…
“# Stripchat says crypto payments increased 400% in a year ” Live streaming webcam platform Stripchat is among several adult websites experiencing a boom in crypto payments over the past year. The adult social streaming and entertainment platform revealed in a blog that cryptocurrency is rapidly becoming a preferred payment method for many users and…
“# MasterCard announces support for crypto on its network ” MasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm believes this may open merchants up to new customers and build loyalty with existing customers…
“# “We don’t plan to invest in Bitcoin,” says CEO of company that made the Pontiac Aztek ” Mary Barra, who has served as the chief executive officer of General Motors for seven years, said the company has no immediate plans to emulate Tesla’s Bitcoin purchase. During GM’s Q4 2020 earnings call today, Barra said…
“# Youngest HODLer ever? Elon Musk buys DOGE for his 9-month-old son ” Elon Musk’s child with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public crypto users on record. In a tweet today from the Tesla CEO, Musk said his 9-month-old son is now the proud — or…
“# Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says ” Strategists at JPMorgan Chase, one of the largest investment banks in the United States, believe that Tesla’s $1.5 billion Bitcoin (BTC) purchase will not necessarily trigger a ton of similar investments. A group of JPMorgan strategists led by Nikolaos Panigirtzoglou reportedly argued…
“# Jack Dorsey commits $1M to Coin Center on top of Grayscale’s $2M donation ” 2021 is shaping up to be a generous year for cryptocurrency donations. On Wednesday, Coin Center, the leading cryptocurrency nonprofit in Washington, D.C., announced that it had raised millions in additional funding from high-profile names in the crypto industry. Jerry…
“# Twitter looking into Bitcoin payments for employees, says CFO ” Twitter may be the next major company to purchase Bitcoin, according to the tech firm’s chief financial officer. In an interview on CNBC’s Squawk Box today, Ned Segal, who has served as the CFO of Twitter since 2017, responded to questions about how Twitter…
“# Coincidence? Company stocks rise after they buy Bitcoin as a reserve ” It seems to be the season of giving, and Bitcoin is doing just that, at least for its institutional backers, such as MicroStrategy, Galaxy Digital, Square and Marathon Patent Group, which got in somewhat early on the BTC gravy train. In this…