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Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
21.11.2020
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...
MicroStrategy Wants to Be in the Bitcoin Business, Not Just an Investor
20.11.2020
MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services
MicroStrategy CEO Explains Why Bitcoin Is ‘a Million Times Better’ Than ‘Antiquated’ Gold
10.11.2020
Even if they don’t know it yet, Michael Saylor thinks gold investors will eagerly dump the commodity for what he calls a superior store of value – bitcoin
Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total
4.11.2020
Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week
Corporate giants may not follow MicroStrategy's Bitcoin adoption play, Raoul Pal explains
3.11.2020
Communication is key, especially when it comes to explaining Bitcoin to mainstream corporate entities
Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin
2.11.2020
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing...
MicroStrategy's bottom line gets beefier on Bitcoin moves: Bad crypto news of the week
31.10.2020
Check out this week’s Bad Crypto podcast
Report: Bitcoin Set for its Biggest Breakout Yet
30.10.2020
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high...
Microstrategy CEO Personally Owns $240 Million in Bitcoin — Company BTC Profit Outshines Other Earnings
29.10.2020
Following a $425 million bitcoin purchase by his billion-dollar company, Microstrategy CEO Michael Saylor reveals that he personally owns about $240 million in bitcoin. Meanwhile, his company’s bitcoin gains have outperformed the company’s other earnings. Microstrategy and Its CEO...
MicroStrategy Says it Is Eager to Add to its 38,000+ Bitcoin Stash
28.10.2020
MicroStrategy, the American software firm that famously used its balance sheet to buy bitcoin (BTC), has stated that more token purchases are in the pipelines, and reitareted that BTC is its “primary treasury reserve asset.”
In a Q3 2020 earnings call, the firm stated that its “go-forward capital...
MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives
27.10.2020
Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter
MicroStrategy's crypto holdings may be paying off more than its business
27.10.2020
With Bitcoin’s rises past $13,700, the company’s BTC holdings are currently worth more than $525M
$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bitcoin
26.10.2020
The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store of value than gold or tech stocks, so “a lot of that monetary...
40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset
26.10.2020
News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi...
Michael Saylor claims the company will hold Bitcoin for ‘100 years’
23.10.2020
Microstrategy CEO Michael Saylor plans to hold his Bitcoin for 100 years, describing it as “the world’s best collateral.”
$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
21.10.2020
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm...
Bitcoin average transaction value increases 500% since July
21.10.2020
The average Bitcoin transaction is now worth more than $150,000
‘Garbage’ Market Data Is Holding Bitcoin Back: MicroStrategy CEO
20.10.2020
Saylor said the bitcoin market needs high quality data in an interview Tuesday
Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor
16.10.2020
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked...
JPMorgan Calls Square’s Bitcoin Investment ‘Strong Vote of Confidence’ for the Cryptocurrency
14.10.2020
Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote