Author: admin-crypto

MicroStrategy Now Holds $2.9 Billion in Bitcoin After Buying an Additional 3,907 Coins in the 3rd Quarter By Emily Graffeo MicroStrategy bought an additional 3,907 bitcoins for roughly $177 million between July 1 and August 23. The purchase brings the company’s total holdings to 108,992 coins that were acquired at $2.918 billion. Shares of MicroStrategy fell 2.8% after the opening bell. MicroStrategy said on Tuesday that it purchased approximately 3,907 bitcoins for roughly $177.0 million between July 1 and August 23. Each bitcoin was purchased at an average price of $45,294, roughly 7% lower than current levels, but higher than…

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Citi Will Reportedly Start Trading Bitcoin Futures, Following Goldman Sachs’s Lead As Client Demand for Crypto Spikes By Ethan Wu Citigroup is actively recruiting traders to begin working with bitcoin futures, according to a new CoinDesk report. The report, citing two sources including one within the bank, says that Citi is angling to trade bitcoin futures contracts on the Chicago Mercantile Exchange and is awaiting regulatory approval. In May, Goldman Sachs began offering certain clients access to a bitcoin via a derivative called non-deliverable forwards. Citigroup is actively recruiting traders to begin working with bitcoin futures, according to a new CoinDesk report. The report, citing…

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Almost 500,000 New Unique Bitcoin Addresses Were Created Daily in H1 2021 By Blockchain Centre The Bitcoin network continues to witness an eye-popping activity on its blockchain despite high volatility in Q2, after the asset sharply declined from its all-time high set in April 2021. Data compiled by Blockchain Centre uncovered a stunning finding — as many as 488,206 new Bitcoin addresses were created daily in the first half of 2021, totaling 88,365,209 new addresses for the whole period. The numbers were extracted from Glassnode Studio, a gateway to on-chain data for the most popular blockchain platforms. Diving into the…

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Bankers Issue ‘Seismic’ Warning: Bitcoin, Ethereum, BNB, Cardano And XRP Could Replace The Dollar In Just Five Years As Crypto Market Price Adds $1 Trillion By Billy Bambrough Bitcoin and cryptocurrencies have roared back over the last month after a China and Elon Musk-induced sell-off. The bitcoin price last night broke above $50,000 per bitcoin for the first time since May. Meanwhile, double-digit gains among other major cryptocurrencies—including ethereum, Binance’s BNB, cardano, and Ripple’s XRP—helped the combined crypto market value climb to over $2.1 trillion, up from $1.1 trillion in July. Ahead of the latest bitcoin and crypto price surge…

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PayPal Launches Crypto Buying and Selling in the UK By Anna Irrera PayPal Holdings Inc (PYPL.O) will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 million active accounts globally, the San Jose, California-based company is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies. PayPal launched cryptocurrency buying and selling in the United…

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Coinbase Is Buying $500 Million in Crypto and Investing Future Profits Into a Crypto Portfolio By Tanaya Macheel CEO Brian Armstrong said he hopes to operate more of the company’s operations using crypto, though it’s mixed today. The company plans to invest in “Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on our platform,” finance chief Alesia Haas said in a blog post. Coinbase will buy $500 million in crypto on its balance sheet and allocate 10% of its quarterly profits into a crypto assets portfolio, company executives announced late Thursday. The company…

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Crypto Is Now Driving Half of Robinhood’s Revenue By Michelle Cheng Robinhood investors are loving crypto. In its first earnings report as a public company, the investing platform said crypto trading accounted for 52% of its main source of revenue—selling users’ orders for options, equities, and cryptocurrencies to market makers like Citadel—up from just 0.03% in the second quarter of last year. Dogecoin, which was originally created to make fun of the crypto hype, made up 62% of crypto trading volume, the company said Aug. 18. “Robinhood is now clearly on the map for crypto trading,” said Jason Warnick, Robinhood’s…

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Celsius Launches Free Crypto-Backed Loans in California By Adrian Zmudzinski Cryptocurrency-powered lender Celsius Network (CRYPTO: CEL) launched its crypto-backed lending service in California following regulatory approval. What Happened: According to a Monday announcement, Celsius Network launched its service in California after receiving its Finance Lender license in the state — which enables the firm to expand its operations and provide its service to Californians. Notably, if the loan to crypto collateral ratio does not exceed 25%, the loan is free, coming at an impressive 0% APR. The firm claims that it now is “one of the most accessible and affordable lenders in California.” The…

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Experts Believe Bitcoin Is on Its Way to $92,000 and Bitcoin 2.0 Surges From $0.38 Cents to $0.59 Cents By Ekta Mourya | FXStreet Bank of America outlines the benefits of adopting Bitcoin as legal tender in El Salvador, suggesting a bullish outlook on the leading cryptocurrency. Bitcoin is decoupling with gold, correlation turns negative as the bellwether cryptocurrency rallies. Bitcoin mining difficulty is up 7.3%, marking the first significant increase since the hashrate migration. Bitcoin nearly reversed the inflows to exchanges during the May sell-off with peak outflows. The asset has rebounded strongly and is ready for a breakout.…

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Ethereum on a Roll As Cryptocurrency Takes Steps Towards a Greener Future By Stuart Marsh • Senior Producer Cryptocurrency Ethereum is rallying following an upgrade to the digital currency’s network that will make it more environmentally friendly. At the time of publishing, one Ether (the token of the Ethereum network) was worth $4,252. Less than a month ago one Ether was worth a staggering 42 per cent less at $2,434. Ethereum is starting to track back to its previous highs following a “hard fork” in London If you bought $1000 of Ether on July 20 – a little over 21…

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