Is a retail frenzy causing the Bitcoin futures’ markets excessive leverage?
Retail seems to be causing Bitcoin futures markets’ excessive leverage, but pro traders remain neutral. Go to Source Powered by WPeMatico
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Microstrategy to Sell $600 Million Worth of Convertible Notes to Buy More Bitcoin
The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At … Read more
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020. Not Just a Mere Reiteration In a statement, the … Read more
Bitcoin Payments for Private Flights Soar, 20% of Privatefly’s Revenue Stems from Crypto
Cryptocurrency users are leveraging their new-found wealth to fly more often with private jets. This week the directional aviation company Privatefly revealed that close to 20% of the firm’s sales were paid in cryptocurrencies last month, and 13% out of that aggregate used bitcoin. On-Demand Private Flights and Crypto According to data from the company … Read more
Mexico’s Third-Wealthiest Individual Adds Bitcoin to His Twitter Bio
Just recently the Mexican billionaire, Ricardo Salinas Pliego, joined Elon Musk and a number of high-profile people, by adding the bitcoin hashtag to his Twitter bio. Salinas is one of Mexico’s wealthiest individuals with a fortune of around $13.2 billion and 10% of the entrepreneur’s liquid portfolio is in bitcoin. Grupo Salinas Chairman Joins the … Read more
$1.89 billion liquidated: Why did Bitcoin and ETH price correct sharply overnight?
More than $1.89 billion worth of cryptocurrency futures positions were liquidated in the last 24 hours, as Bitcoin and Ether sharply dropped. Go to Source Powered by WPeMatico
Bitcoin must cost 10X more with 10X less utility to match Tulip Mania — Investor
There’s no comparing the current bull run with the 17th century tulip bubble, Dan Tapeiro argues. Go to Source Powered by WPeMatico
$50K and BTC’s biggest weekly candle ever: 5 things to watch in Bitcoin this week
A falling U.S. dollar and increasingly positive publicity keeps Bitcoin bulls satisfied despite a slight correction to $47,000. Go to Source Powered by WPeMatico
Colombia’s Financial Superintendent Approves Nine Crypto Platforms to Work With National Banks
In Colombia, the entity managed by the Ministry of Finance and Public Credit, the Financial Superintendence of Colombia (Superfinanciera) has revealed the authorization of alliances between Colombian banks and digital currency exchanges. So far, Colombia’s financial department has approved nine partnerships between exchanges and national banks in order to make cryptocurrency operations more accessible to … Read more
Bitcoin ‘supercycle’ may emerge in 2021 as Fed balance sheet hits new record high
Indicators point to the moon as an ailing macro economy provides a mass influx of retail investors into Bitcoin. Go to Source Powered by WPeMatico