Category - Crypto News

Crypto News

MicroStrategy bought 262 BTC worth about $15 million

MicroStrategy bought 262 BTC worth about $15 million. The digital asset held by the analytics software provider reached 91,326 BTC.

The average purchase price was $57,146 per coin, including fees and other expenses.

The company’s total investment in digital gold was more than $2.2 billion. At the time of writing, the value of assets exceeded $5.1 billion (according to CoinGecko).

In August 2020, MicroStrategy was the first public company to convert a portion of its $250 million equity into a leading cryptocurrency.

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LedgerPrime invests $50 million in bitcoin (BTC)

LedgerPrime has sold $49.5 million worth of securities for its fund to invest in Bitcoin and Ethereum, according to the SEC.

LedgerPrime has sold $49.5 million worth of securities to invest in digital assets, according to a filing with the SEC. The firm’s president and chief investment officer, Shiliang Tang, revealed that nine clients made the purchase.

Ayesha Kiani, VP of Business Development, recently spoke at SXSW 2021, and the topic of discussion was the development of the crypto derivatives market. She elaborated on various aspects of mainstream crypto adoption. She also stressed the importance of Defi firms working together to make adoption faster and more efficient:

“We are all striving for the same goal. Currently, Defi is about 1% of what CeFi (centralized finance) is. By 2022, Defi is expected to have about 10 million users. We’re here to help… at the end of the day, we all have the same goal of cryptocurrency being widely used.”

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Ripple could soon force the current status of XRP

In a new video, attorney Jeremy Hogan has revealed a “new hope” for the XRP community. It’s “a super important litigation strategy that Ripple is going to implement, and I call it the new hope.” (Disclaimer: Neither Jeremy Hogan nor Crypto News Flash
are providing financial or legal advice).

The SEC has jurisdiction over trading, i.e., buying and selling, but not holding securities in the United States. Therefore, security comes under the SEC’s jurisdiction only if it was a security at the sale time. Each sale must be considered individually, as circumstances may change.

Generally, at the time of the sale, Ripple must have advertised the expectation that XRP would increase in value due to its activities. The key, then, is whether and, if so, when Ripple was the primary driver of XRP’s price at a given point in time.

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Russian plant CBDC-Tests ab 2022

The Russian central bank is now entering the race for CBDCs. It wants to start the first field tests as early as 2022.

Russia’s national central bank is apparently planning CBDC tests starting in 2022, according to a YouTube interview with the central bank’s deputy governor Alexey Zabotkin. Currently, the final details of the “Zifra ruble” are still being discussed. However, the prototype should be ready by the end of the year. However, it will not be possible to carry out any transactions until the first field tests began in 2022.

Zabotkin also addressed the impact of a national CBDC. He believes that the digital ruble would enrich the banking industry in Russia, as financial institutions could integrate the CBDC into the services they currently offer and create new financial products based on smart contracts. The effects that the “Zifra ruble” would have on domestic monetary policy would all be “controllable” in the process. Rumors of a digital central bank currency had circulated in Russia since October of last year when Bank Rossii Governor Elvira Nabiullina suggested that a national CBDC project be launched in late 2021. She said at the time that it should represent a “third form of money”.

Russia is now trying to catch up with China with the Zifra ruble. The Middle Kingdom has long been considered the ultimate in digital central bank currencies. The Southeast Asian country has been testing the digital yuan on the population for quite some time. Recently, one could observe how digital yuan could be exchanged for cash at an ATM in a government video. At the same time, there is radio silence in Europe.

Seetee invests 50 million euros in BTC

The Norwegian Aker Group is diversified. In addition to its oil and renewable energy business, it is also active in six other areas. Now another one is being added, which is even relatively obvious.

Because Aker ASA announced yesterday that it had founded the subsidiary Seetee. Seetee’s initial focus will be on bitcoin mining, but it also aims to support and expand the entire bitcoin ecosystem. The company calls on its official website to get in touch if you have fresh and big ideas you want to realize.

At the same time, they also announced a partnership with Blockstream and thus indirectly made clear that they see the future in the further development of sidechains and the Lightning Network.

At the start, the company’s assets amounted to 500 million Norwegian kroner, which is equivalent to about 50 million euros, which is invested entirely in Bitcoin and, according to its own statements, wants to keep simple. Seetee is thus becoming a European Bitcoin whale along the lines of MicroStrategy.

Although there has been increased discussion in recent weeks about whether Ethereum might also not see an influx of institutional investors, so far, it looks like other cryptocurrencies are rather secondary in the eyes of this target group. This means that finally, a European company is also betting on BTC after only a comparatively small attempt was launched in Germany by SynBiotic SE so far.

Goldman Sachs values bitcoin in light of growing customer interest

The investment bank’s foray into the crypto sector is gradually becoming a question of “when” rather than “if.” This is according to remarks made by the multinational bank’s president, John Waldron. Waldron confirmed rising client interest toward bitcoin in a virtual event yesterday, claiming the bank is still exploring the crypto asset.

“Customer demand is increasing. We are regulated on what we can do. We continue to evaluate it and engage in it,” he said during the Wolfe Virtual FinTech Forum.

The development is based on the bank’s customer survey on digital assets, which showed that 40% of high-net-worth survey respondents have access to digital assets. 54% of respondents also predicted that the BTC price could fluctuate between $40,000 and $100,000.

In his opinion, the pandemic is responsible for the interest in the flagship cryptocurrency. Many individual traders entered the bitcoin market in 2020 due to the imposed pandemic-related restrictions on movement.

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Israeli pension fund invests $100 million in bitcoin

One of Israel’s leading pension funds had invested around $100 million in Bitcoin through the GBTC route in the second half of 2020. Altshuler Shaham made this move when the leading cryptocurrency was trading around the $21,000 mark.

Bitcoin’s current bull cycle began last year. The leading cryptocurrency surpassed its all-time high of 2017 and set new highs in the coming months. The currency ended trading last year near the $30,000 mark.

According to local press reports, Altshuler Shaham remains one of Israel’s most prominent investment houses, with more than $50 billion in assets under management. The $100 million investment should have increased by over 100%, as bitcoin is currently trading at $55,000 at press time.

The news came when institutional investors are looking for ways to gain exposure to bitcoin and a host of other cryptocurrencies. Investors are either buying cryptocurrencies directly or accessing them through funds like Grayscale’s GBTC.

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“Atari Casino”: gaming giant Atari plans new crypto project with Decentral Games

Atari is launching the new “Atari Casino,” powered by Decentral Games. The platform is set to launch in May and will allow users to play online casino games with cryptocurrencies.

The first “community-owned” Metaverse casino platform – Decentral Games and Atari. It is now set to launch in May.

Decentral Games offers its users a 3D casino gaming experience via the Ethereum-based virtual reality platform Decentraland (go to the Ethereum buy guide). The partnership with Atari now gives it a dimension all its own.

It will be a 20-parcel casino estate located in the Vegas City casino district on Decentraland.

According to Decentral Games, holders of its native DG token and the Decentral gaming community will benefit immensely from the upcoming Atari casino. About 88% of the profits will be allocated to its DG DAO Treasury.

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Blackrock predicts great future for Bitcoin

BlackRock signals growing interested in cryptocurrencies. It was announced that bitcoin derivatives on commodity exchanges would become eligible investments for BlackRock Funds V and the Blackrock Global Allocation Fund.

The move is in line with increasingly positive bitcoin rhetoric coming from BlackRock. CEO Larry Fink talked about the possibility of Bitcoin going global.

He added that a digital currency makes the U.S. dollar less relevant.

According to Rieder, deteriorating macroeconomic conditions with negative interest rates, extreme monetary policy, and skyrocketing government debt have led institutions to look at cryptocurrencies for diversification.

The past few weeks have seen a flood of high-profile institutional investors, including Tesla and BNY Mellon. Not to mention the likes of JPMorgan have indicated interest.

This momentum from institutional buyers will only encourage more companies to do the same and buy Bitcoin in uncertain times.

SynBiotic SE becomes the first publicly traded company in Germany to hedge against euro currency devaluation with bitcoin

Given the excessive increase in money supply in both the euro and USD zones, there is legitimate concern about a massive devaluation of fiat money. The cannabis company SynBiotic SE (XETRA; ISIN: DE000A2LQ777 / WKN: A2LQ77) is therefore set to become the first listed company in Germany to hedge against the devaluation of the euro with bitcoin. Hence, SynBiotic SE has started to shift some of its free liquidity into bitcoin.

SynBiotic SE CEO Lars Müller says of the decision: “Our decision focused less on price fluctuations than the risk of devaluation of euro and dollar. Bitcoin is the exact antithesis of traditional currencies: its volume is limited to 21 million units. This limit is fixed and inviolable, which the cryptocurrency‘s decentralized organization and the blockchain‘s tamper-proof nature in turn guarantees. For this reason, we have more long-term confidence in bitcoin than in euros or dollars, where a central institution, influenced by politicians, can expand the money supply immeasurably. In addition, the cannabis sector, in particular, has had very positive experiences with bitcoin as a simple and digital means of payment. Several SynBiotic subsidiaries already accept payments in bitcoin in addition to payments in euros.”

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Bitcoin surpassed the $50,000 mark for the first time.

Bitcoin’s soaring price pushed the oldest and best-known cryptocurrency above the $50,000 mark for the first time in its history on Tuesday. Bitcoin marked a high of 50,602 dollars (41,720 euros) on the Bitstamp trading platform. In the evening, the price then stood at just under 49,000 dollars.

Meanwhile, the value of all Bitcoins in circulation is approaching the $1 trillion mark. On Tuesday, BTC capitalization measured at a high of $927 billion on the website Coinmarketcap. All nearly 8,500 digital currencies are worth about $1.5 trillion, according to the report.

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BTC/USD rises to all-time high of $50,000 – now correction to $42,000?

Last night, the Bitcoin price once again reached an all-time high. On the crypto exchange Binance, BTC/USD was able to break the magic mark of 50,000 dollars for a moment and thus continue the past weeks’ bull market. At the beginning of the month, BTC/USD was still trading around $30,000 after a significant correction. Since then, the most valuable cryptocurrency has risen again by approximately 65 percent. The recent rise was triggered by electric car maker Tesla’s investment in the crypto market. Elon Musk’s company has invested $1.5 billion in Bitcoin and also plans to accept Bitcoin as a means of payment itself in the future.

At the time of publication, BTC/USD is trading at around $49,000. However, the technical analysis shows that Bitcoin is currently not yet in a significant downtrend, and the chances of a renewed attack on the $50,000 are still given.

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JPMorgan’s co-chairman admits demand for Bitcoin will arrive “at some point”

JPMorgan’s co-chairman admits demand for Bitcoin will arrive “at some point”

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said that the demand for Bitcoin will arrive “at some point.” While the message sounds ostensibly optimistic, Pinto implies that the order for Bitcoin has not yet been reached.

The price of Bitcoin has increased nearly fivefold since October in just four months. In the process, volume on centralized exchanges has exploded, while institutional platforms and vehicles like CME’s Bitcoin futures market and Grayscale’s Bitcoin Trust have recorded record volume.

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Canada launches first Bitcoin ETF

There is no end to the positive developments surrounding Bitcoin. Now, Canada’s Purpose Investments has launched the first exchange-traded Bitcoin fund on Feb. 11.

The Purpose Bitcoin ETF, approved by the Canadian government, becomes the first exchange-traded crypto fund (ETF) in North America. CAD and USD versions will be traded on the Toronto Stock Exchange under the BTCC and BTCC.U, respectively.

According to the prospectus, the ETF will be audited by Big Four consulting firm Ernst and Young. Cidel Trust will handle custody duties in Canada, while Gemini Trust Company, owned by Tyler and Cameron Winklevoss, will be the sub-trustee for non-Canadian holdings.

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Which company will follow Tesla?

After Tesla’s $1.5 billion bitcoin purchase, the Internet is awash with rumors about which high-profile company is next.

But even at this stage of the game, corporate BTC purchases are drawing controversy from trad-fi supporters. They raise concerns about reducing dollar liquidity and increasing the risk of volatility.

As much as the “Elon candle” gave Bitcoin a massive boost on Monday, the mainstream media rallied to dismiss the news’s significance. Nevertheless, bitcoin is currently trading back at $46,200, with analysts seeing a rise above $50,000 soon.

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Mastercard is planning to give merchants the option to receive payments in cryptocurrency

The credit card provider Mastercard wants to open its global network for cryptocurrencies this year. And that would be a sensation. It would allow merchants to tap into more customers who already rely on digital assets. However, Mastercard will not support all cryptocurrencies, as some digital coins still have insufficient compliance measures.

Das Interesse an Bitcoin nimmt zu: Kryptowährungen sorgen derzeit für Schlagzeilen. Nicht nur an der Börse, wo sie laufend an Wert gewinnen, sondern auch in Sachen Akzeptanz. Anfang dieser Woche hatte hatte Tesla-Chef Elon Musk erklärt, sein Unternehmen investiere 1.5 Milliarden Dollar in die Kryptowährung und wolle die Digitalwährung bald als Zahlungsmittel akzeptieren.

 

Cryptocurrency on PayPal

What did PayPal announce around Crypto?
We announced that PayPal users in the U.S. can buy, sell and hold select Cryptocurrencies directly through PayPal using their Cash or Cash Plus account. Users will be able to learn about Crypto, track crypto prices, all without leaving the PayPal app. We plan to introduce this service to Venmo in 2021.
PayPal also announced that it will enable Cryptocurrency as a funding source for purchases in 2021, allowing users to use their Cryptocurrency holdings to make purchases at its network of more than 26 million merchants. Once launched in 2021, when a consumer selects Cryptocurrency as the funding source, the Cryptocurrency will be instantly converted to fiat currency and the transaction will be settled with the PayPal merchants in fiat currency.
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Tesla buys Bitcoin

“In retrospect, it was inevitable.” The words Elon Musk tweeted in late January 2021 make quite a bit of sense in retrospect. Tesla is now the most valuable company globally that has made a billion-dollar investment in Bitcoin and will help cryptocurrencies further into the mainstream. So Tesla will continue to invest in Bitcoin, and it will accept crypto assets as payment in its stores in the future.

This news, hidden in a document for the US Securities and Exchange Commission (SEC), has propelled Bitcoin to new heights. On Tuesday night, BTC grew to as high as $47,600. That represents a recent price increase of nearly 20 percent in 24 hours and a gain of almost 35 percent in a week. These hefty gains benefit retail investors and those companies (e.g., MicroStrategy, Square, PayPal, etc.) that have put a lot of money into Bitcoin as a gold alternative in recent months as institutional investors.

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Will Dogecoin explode?

Dogecoin was actually intended as a meme. The cryptocurrency with the symbol of the Shiba Inu was created without a fixed limited money supply. By definition, there is an infinite amount of DOGE, which runs counter to the idea that cryptocurrencies are valuable because of their little money supply.

Dogecoin enjoys a small rally every year, which is usually accompanied by more or less hype on social media. In the recent past, the price was boosted by Elon Musk’s tweets, who did not want to give any financial advice but nevertheless revealed himself as a fan.
In the last few hours, the DOGE price literally exploded, and now many experts are perplexed by the renewed phenomenon.

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Reddit partners with Ethereum Foundation

[mks_dropcap style=”letter” size=”52″ bg_color=”#00306e” txt_color=”#00306e”]W[/mks_dropcap]hile the online community Reddit is in the international headlines because users are organizing to buy shares, the creators behind it are pushing ahead with their blockchain and token technology plans. A partnership has been struck with a massive player in the crypto industry: the Ethereum Foundation.

“While Reddit continues to grow with more than 50 million daily users and hundreds of thousands of communities, the platform has long maintained a decentralized ethos by allowing users to create, manage, and grow their own communities,” the US company says. “Through this partnership, we will strengthen our commitment to the blockchain, accelerate scale and resources for the Ethereum ecosystem, and bring the value and independence of blockchain technology to millions of Redditors.”

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