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MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet

MicroStrategy Inc. announced that the company plans to offer $400 million of senior secured notes to qualified institutional buyers to raise more capital to make more Bitcoin purchases. According to the company’s filing, MicroStrategy will raise $400 million via senior secured notes due 2028 in a private offering to qualified institutional buyers. The Nasdaq-listed business intelligence … Continue reading MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet

Chinese MIIT Issues Guidance on Blockchain Technology

China has issued guidelines for promoting the application of blockchain technology and industrial development. According to the announcement, China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) has identified four main areas for applying blockchain technology. This document introduces the basic principles and future development priorities of emerging technologies … Continue reading Chinese MIIT Issues Guidance on Blockchain Technology

Bitcoin Needs Momentum to Hit $43,000 For Recapturing the 200-Day Moving Average

Bitcoin (BTC) regained momentum, pushing its price above the psychological price of $40k. The leading cryptocurrency was trading at $40,200 during intraday trading, according to CoinMarketCap. Market analyst Lark Davis noted that BTC needs to push to the $43,000 level to regain the 200-day moving average (MA) level. He explained: “This is the line to … Continue reading Bitcoin Needs Momentum to Hit $43,000 For Recapturing the 200-Day Moving Average

John McAfee Found Dead in Prison After Spanish High Court Approves His Extradition to the US

Computer programming entrepreneur John McAfee has committed suicide in his Barcelona jail, just hours after a Spanish High Court approved his extradition to the United States. The British-American McAfee antivirus inventor lived the latter part of his years due to evading American authorities for tax evasion. According to his lawyer, Javier Villalba, McAfee died after committing … Continue reading John McAfee Found Dead in Prison After Spanish High Court Approves His Extradition to the US

The Number of Bitcoin Addresses Holding At Least 1,000 BTC Hit a Monthly Low

Ever since China strengthened the supervision of cryptocurrency mining and related trading, causing “fear, uncertainty, and doubt” (FUD) sentiment that has intensified among investors, Bitcoin (BTC) has been on the receiving end as its price continues to drop.  The leading cryptocurrency was down by 20.48% in the last 7 days to hit $31,643 during intraday … Continue reading The Number of Bitcoin Addresses Holding At Least 1,000 BTC Hit a Monthly Low

MicroStrategy Acquires Extra 13,005 Bitcoins, Owning Over 100,000 BTC

Leading American business intelligence firm MicroStrategy is not relenting in its quest of purchasing more Bitcoin, acknowledged by the firm’s CEO Michael Saylor. The MicroStrategy CEO said: “MicroStrategy has purchased an additional 13,005 Bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin. As of 6/21/21 we hodl ~105,085 bitcoins acquired … Continue reading MicroStrategy Acquires Extra 13,005 Bitcoins, Owning Over 100,000 BTC

Mexican Billionaire To Accept BTC for His Banking Business

Ricardo Salinas Pliego, a Mexican billionaire, endorsed the use of Bitcoin (BTC), saying his bank Banco Azteca will develop the first BTC banking business in Mexico. The 65-year-old third-richest tycoon in Mexico said on Twitter Sunday, indicating “he recommends using BTC”; his bank and himself “will be the first bank to accept BTC in Mexico”. The … Continue reading Mexican Billionaire To Accept BTC for His Banking Business

Portland Trail Blazers Pairs with StormX as the First NBA Crypto Jersey Patch Partner

On Thursday, StormX, a leading cryptocurrency cashback provider, announced that it will conduct a jersey patch advertising transaction with Portland Trail Blazers (POR). This is the first cooperation between the National Basketball Association (NBA) and the cryptocurrency company for the NBA team in history. The partnership is also the first collaboration between StormX and Portland Trail Blazers. … Continue reading Portland Trail Blazers Pairs with StormX as the First NBA Crypto Jersey Patch Partner

Only a Small Fraction of Institutional and Corporate Money Entered into Bitcoin Market

As Bitcoin (BTC) continues consolidating between the $30k and $40k range for more than two months, the crypto community is waiting with bated breath to see its next move.  Nevertheless, the amount invested by institutions and corporates in the Bitcoin market is a small per cent of their total cash reserve. Market analyst Lark Davis … Continue reading Only a Small Fraction of Institutional and Corporate Money Entered into Bitcoin Market

UAE to Launch and Test in-house Digital Currency

The Central Bank of the United Arab Emirates (CBUAE) has set the potential launch of an in-house Central Bank Digital Currency (CBDC) as part of its digital transformational strategies spanning 2023 to 2026. The move by the UAE reaffirms the earlier discussion of a CBDC development between the UAE and other Gulf states before this … Continue reading UAE to Launch and Test in-house Digital Currency

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