Tags : BTC

Bitcoin

App maker Meitu buys another 175 BTC, pushing Bitcoin closer

Institutional and retail demand for cryptocurrencies is at an all-time high. Tesla’s bold move to allocate some of its wealth into Bitcoin seems to have encouraged other firms to diversify into digital assets.  One of the many firms that want to avoid “the risks of missing out on the potential for Bitcoin becoming the global […]Read More

Bitcoin

NBA’s Sacramento Kings to offer its players a salary in

Professional American basketball organization Sacramento Kings will allow its players and staff to receive salaries in Bitcoin (BTC), its chairman Vivek Ranadivé reportedly revealed during a conversation on Clubhouse yesterday. “I’m going to announce in the next few days that I’m going to offer everyone in the Kings organization, they can get paid as much […]Read More

Bitcoin

MicroStrategy ignores critics to add a further $15 million of

MicroStrategy CEO Michael Saylor announced the firm had purchased a further 262 Bitcoin at the cost of $15mn. This brings its total holdings to 91,326 BTC, with a total spend of $2.2bn. Based on today’s price, MicroStrategy has an unrealized profit of $2.988bn. The move coincided with a bounce at $55k and the subsequent recovery […]Read More

Bitcoin

21 Bitcoin (BTC) is now worth over one million dollars,

Bitcoin has rallied 8% today, breaking $54k resistance for the first time since mid-February. As pointed out by @DocumentingBTC, owning 21 BTC now makes you a millionaire in U.S. dollar terms. Responding to this, Bitcoin-bull Willy Woo said he would prefer to have 21 BTC over a million dollars. His reasoning comes from a belief […]Read More

Bitcoin

Breaking Down Square’s Bitcoin (BTC) Position

The recent push to the $1 trillion bitcoin market cap can at least be partially attributed to institutional investors; firms investing on the behalf of others or as part of their asset allocation strategies. Square, One of the Largest Corporate Holders of Bitcoin Alongside MicroStrategy, now Tesla, Square is one of the largest institutional purchasers […]Read More

Cryptocurrency

Major Dubai crypto fund to sell $750M worth of BTC

FD7 Ventures, a Dubai-based crypto investment fund with $1 billion under management, has announced plans to sell off $750 million worth of their Bitcoin holdings in the next month. The proceeds from the sell-off will be used to purchase Cardano and Polkadot, as the fund’s managing director says he believes ADA, DOT, and ETH will […]Read More

Bitcoin

Craig Wright demands that ‘Bitcoin developers’ return him $5 billion

Litigation law firm Ontier LLP has initiated legal action on behalf of self-proclaimed Bitcoin (BTC) creator Craig Wright to recover £3.5 billion (roughly $4.95 billion) worth of BTC, according to a document published yesterday. Essentially, the firm demands that “developers for BTC, BCH, BCH ABC and BSV” enable Craig Wright’s company Tulip Trading Limited (TTL) […]Read More