Category Archive: Cryptocurrency, No picture
MicroStrategy Plans $1B Stock Offering to Buy Bitcoin
MicroStrategy has filed an application for a $1 billion securities offering of its class A common stock MSTR. The company will use the money for “general corporate purpose, including the acquisition of Bitcoin.” MicroStrategy’s Latest Capital Raise MicroStrategy is planning yet another Bitcoin purchase. Hours after completing a $500 million raise in corporate bonds to […]
Coinbase Pro Will List Polkadot’s DOT Cryptocurrency
Key Takeaways Coinbase is preparing to list Polkadot’s DOT cryptocurrency. The exchange is allowing deposits as of today, Monday, June 14. Trading will begin on Wednesday, June 16. DOT is a top-ten token, making it a major addition to the exchange. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Coinbase […]
MicroStrategy Closes $500M Offering for Bitcoin Purchase
Institutional investors quickly bought up $500 million worth of senior debt notes issued by MicroStrategy. The firm will use the nine-figure sum to buy Bitcoin. MicroStrategy Still Bullish on Bitcoin MicroStrategy is prepping for yet another significant Bitcoin purchase. The business intelligence firm announced that it had completed its $500 million offering for newly issued […]
Paul Tudor Jones Reaffirms Bitcoin Investment Thesis
Veteran fund manager Paul Tudor Jones told CNBC that he has concerns about the negative effects inflation could have on the economy. He recommended commodities and Bitcoin as appropriate hedges over stocks and bonds. Paul Tudor Jones Backing Bitcoin Billionaire hedge fund manager Paul Tudor Jones has reiterated his stance on Bitcoin. Speaking to CNBC […]
Ampleforth Launches on Binance Smart Chain
Key Takeaways Ampleforth’s AMPL token has launched on Binance Smart Chain. It’s now available on PancakeSwap. The project has integrated the Meter Passport bridge to bring AMPL cross-chain. Binance Smart Chain has grown at a fast pace over the last year, but it could soon face tough competition from the likes of Solana. Binance Smart […]
Bitcoin Rebounds on Elon Musk Tweet, Taproot
Key Takeaways Bitcoin saw a 10% rebound Sunday through Monday, bringing the asset back to the crucial $40,000 psychological resistance. Elon Musk tweeted that Tesla plans to accept Bitcoin again once mining becomes greener Sunday, which partly fueled the rise. Sentiment was also high after Bitcoin approved its Taproot update this weekend. Taproot will add […]
Ripple Hires New Lawyer as Courts Discuss Fair Notice
Key Takeaways Ripple has brought securities specialist Nicole Tatz of Cleary Gottlieb Steen & Hamilton LLP onto its legal team. This week, Ripple also argued that the SEC did not give it fair notice over the legal status of its token sales. The SEC initially filed a lawsuit against Ripple in December; an end date […]
Original Doge Meme NFT Sells for Over $4 Million
The original Doge moves onto Ethereum, selling for a seven-figure sum. Bidding War for Doge NFT A Doge NFT just sold for $4,074,765.97. The token featured the original viral image of Kabosu, a Shiba Inu dog that rose to Internet stardom back in 2010. A photo of the dog famously became a viral meme known […]
Dutch Economic Advisor Calls for Blanket Bitcoin Ban
Key Takeaways A key economic advisor to the Dutch government has published an article arguing for Bitcoin mining, trading, and holding to be banned. The piece claims that Bitcoin doesn’t have the key characteristics of traditional currencies like the dollar or euro. The arguments presented show a misunderstanding of key Bitcoin concepts. Pieter Hasekamp, a […]
Texas Banks Can Now Store Bitcoin for Clients
Key Takeaways The Texas Department of Banking has allowed state-chartered banks to provide custody services for crypto investors. The regulator clarified that custody services would only be allowed for banks that establish adequate protocols. The notice follows the state’s approval of a bill recognizing commercial investments in cryptocurrency. The Texas Department of Banking has confirmed […]
