Tags : Bet

Bitcoin

MicroStrategy continues to bet on Bitcoin with new $15 million

There’s no let-up in MicroStrategy’s Bitcoin buying spree as CEO Michael Saylor announced yet another $15 million purchase today. Saylor tweeted that the firm had acquired an additional 253 BTC at an average purchase price of $59,339 per token. This takes MicroStrategy’s aggregate holdings to 91,579 Bitcoin, at the cost of $2.226 billion, with an […]Read More

Bitcoin

Father And Son Duo Exchange Blows Publicly Over Bitcoin Bet

Bitcoin and the asset class of cryptocurrencies, despite increased acceptance and adoption, are a polarizing subject. These technologies are either lauded as the future of finance, while others call it a bubble, a Ponzi scheme, and much worse. A recent battle between a well-known father and son duo in the finance space, has spilled into […]Read More

Market

Elon Musk’s #bitcoin Bet Pays Off With $270M Gain on

Price Point In a run reminiscent of bitcoin’s stunning ascent in early January, bitcoin’s price blew past $45,000, $46,000 and $47,000 in less than an hour late Monday, eventually topping $48,000. By early Tuesday, the largest cryptocurrency had settled down to about $45,200.  The powerful rally came after Elon Musk’s electric-vehicle company, Tesla, announced that it […]Read More

Market

Cardano, Polkadot Market Caps Surpass XRP as Some Bet on

Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain.  According to data from analytics site Messari, cardano’s market cap stands at […]Read More

Market

ErisX Exchange Asks CFTC to Approve Sports Bet Futures as

Cryptocurrency derivatives platform ErisX is making an unusual attempt to push through futures contracts tied to the outcome of National Football League (NFL) games. According to a report from Bloomberg on Tuesday, ErisX formally asked the Commodity Futures Trading Commission (CFTC) in mid-December to give the green light to its gambling-linked futures. Approval for three […]Read More

Bitcoin

Anthony Scaramucci says Bitcoin is “as safe as bonds and

A New York-based fund manager who splashed big money into Bitcoin this month contested the bullish case for the asset in an opinion piece. Why Bitcoin for the future SkyBridge Capital co-founder Anthony Scaramucci spoke about the bullish case for Bitcoin in the coming years in an opinion piece published Sunday. He was joined by […]Read More

Bitcoin

Michael Saylor: Bitcoin is a better bet now than tech

Since charging onto the crypto scene late last year, MicroStrategy CEO Michael Saylor has become something of a Bitcoin poster boy. MicroStrategy became the first public listed company to hold Bitcoin as part of its treasury policy. At the time, the move was met with trepidation from a number of the firm’s shareholders. They questioned […]Read More

Market

Trading Hall of Fame: The Bitcoin Options Bet That Made

With a 9,118% return on investment, a bitcoin options trade initiated in late October is trouncing some of the best currency market bets of the past 40 years by leaps and bounds.  On Oct. 30, someone (a single trader or small group) bought 16,000 contracts of Jan. 29 expiry call options at the $36,000 strike […]Read More

Market

As Bitcoin Regains Lost Ground, Options Traders Bet on $52K

Despite bitcoin’s 20% crash on Monday, some options traders are betting on a continued price rally in coming weeks. At the press time price of $35,580, bitcoin is up nearly 16% from the low of $30,305 observed on Monday. Even so, the number one cryptocurrency by market value is still well short of the weekend […]Read More

Market

Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum. Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours. Bitcoin’s 24-hour range: $30,305-$38,947 (CoinDesk 20) BTC above the 10-hour […]Read More