MicroStrategy buys another $1 billion worth of Bitcoin
Business intelligence firm MicroStrategy has added yet another $1 billion worth of Bitcoin (BTC) to its balance sheets, according to an announcement published today.“MicroStrategy Incorporated today announced that it had purchased an additional approximately 19,452 bitcoins for approximately $1.026 billion in cash at...
SEC Commissioner Hester Peirce Calls for ‘Legal Clarity and Freedom to Experiment’ for DeFi
Saying that DeFi promises democratization, open access, transparency, predictability, and systemic resilience, Peirce mentioned the risks related to the industry. They include security vulnerabilities, scaling problems, and faux decentralization.On Monday, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce delivered a speech for the...
Jack Dorsey’s Square Announces Fresh $170M Bitcoin (BTC) Purchase
Square announced an additional Bitcoin (BTC) purchase of $170 million buying the dips after BTC price crashed sub $46K levels on Tuesday in a marketwide correction.As Bitcoin (BTC) enters a steep correction on Tuesday, February 23, big corporates jump in to make the most...
Bitcoin Back to Winning Ways, Soars Above $50,000 after Major Correction
The value of 1 Bitcoin went back above the $50,000 psychological level after Jack Dorsey’s Square revealed that they had purchased 3,318 BTC for $170 million at an average price of $51,236 per coin.Bitcoin (BTC), the world’s first and biggest cryptocurrency by market capitalization,...
Bitcoin (BTC) Remains Under Pressure After Janet Yellen’s Warning Bells
On Tuesday, Bitcoin price collapsed over 15% leading to the first sharp price correction this year in 2021. However, this happens after Bitcoin surged over 90% year-to-date hitting its new all-time high above $58,300.On Tuesday, February 23, Bitcoin (BTC) price tanked over 20% moving...
Authorities to regulate one of the world’s biggest Bitcoin markets
Two Nigerian regulatory bodies, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have agreed to conduct research to regulate and govern the sector’s booming Bitcoin and crypto market.An opportunity for NigeriaAs per a report on local outlet Premium Times,...
DeFi sees second-largest liquidation in history as crypto market dips
Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank.The largest amount of collateral was liquidated on DeFi platform Compound...
Bitcoin jumps $4,000 as Bitfinex and Tether settle with New York court
A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today.$18.5 million fineStablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New...
Record 63.1K BTC Options Expire on Friday, Has This Triggered Price Panic?
The market is getting heated this week with 61.3K BTC options set to expire on Friday. This factor suggests something big is brewing with BTC price.There has been an explosion of BTC options. After a short dip towards the end of January, Bitcoin options...
JPMorgan Says Fintech Not Bitcoin Will Dominate Financial Services as COVID-19 Persists
Before now, strategists at JPMorgan compared Bitcoin with gold, viewing BTC as a new digital store for it.Investment banking giant JPMorgan Chase &Co (NYSE: JPM) believes that fintech, not Bitcoin, will dominate the financial services amid the persisting Covid-19. According to JPMorgan, Bitcoin is...
