Day: December 1, 2020

Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase, Companies Reveal

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U.S. cryptocurrency platform Coinbase facilitated MicroStrategy’s $425 million bitcoin buy earlier this year. In an announcement Tuesday, both companies revealed that MicroStrategy’s initial $250 million investment, which occurred over a five-day period in August, came via Coinbase Prime, the exchange’s crypto brokerage arm formed following the acquisition of Tagomi in May. That was followed up in September by a further $175 million investment from the Virginia-based business intelligence firm, bringing MicroStrategy’s total investment to $425 million in bitcoin. MicroStrategy became the first publicly-traded company to acquire a large chunk of bitcoin…

Google Searches for ‘Bitcoin Price’ Hit 18-Month High

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General interest in bitcoin looks to have risen alongside the top cryptocurrency’s rally to a new peak price. As of last week, Google Trends, a barometer for gauging general or retail interest in trending topics, returned a value of 21 for the worldwide search query “bitcoin price”. That’s over double the value of 10 observed roughly a month ago and the highest level since June 2019. Bitcoin set a new record high of $19,850 on Monday, having narrowly missed the previous lifetime high of $19,783 last week. The cryptocurrency surged…

Traders Snub SushiSwap Bug FUD as SUSHI Explodes Another 15%

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SushiSwap’s governance cryptocurrency SUSHI fared better than Bitcoin ahead of the New York opening bell Tuesday. The decentralized finance token surged more than 15 percent during the European session, hitting an intraday high of 1.9471. Traders flocked into the SushiSwap market even as the protocol discovered a serious bug, a vulnerability that eventually led to the draining of about $10,000-15,000 from its fee revenue. Post-Mortem when I wake up, exploiter got around 10-15k so far from the 0.05% fees cut of Sushiswap. LP – xSushi holders are safe! It is…

Bitcoin futures hit $20.3K right before BTC price drops $1K in 10 minutes

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Bitcoin (BTC) futures hit $20,000 on Dec. 1 as all-time highs finally began to convert into a new price era for BTC/USD. Data from TradingView showed Chicago Mercantile Exchange Bitcoin futures heading past the historic $20,000 mark during Tuesday trading. BTC price: $20,000 sparks familiar volatility At press time, CME BTC futures’ highs of $20,300 had appeared amid characteristic volatility, which saw BTC/USD crash to $19,000 in under ten minutes. BTC/USD 1-minute chart for Dec. 1, 2020. Source: TradingView “Worth noting that a $1,000 swing is just 5% now. Adjust…

Facebook Acquires CRM Startup Kustomer

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Kustomer allows businesses to interact with their customers through different channels. Social media company Facebook Inc (NASDAQ: FB) has acquired customer relationship management (CRM) startup Kustomer. Though the acquisition’s financial terms were not officially revealed, a reliable source said that the deal is worth over $1 billion.  Facebook Buys Kustomer On the 30th of November, Facebook announced that it had reached an agreement with Kustomer to buy the CRM startup. The new acquisition was revealed in a press release by VP of ads and business products Dan Levy and Whatsapp chief operating…

Market View: S&P 500 Or Nasdaq Is Better Trade. Bitcoin & Alts Look Ready For Next Leg Up

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Let’s look at the S&P 500, Nasdaq, Gold & Silver with Bitcoin. Markets are still now showing any signs of risk off regardless of solvency issues and are signaling risk on.. so far. DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially…

Bitcoin price hits new all-time high as crypto market matures

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Bitcoin (BTC) price has officially reached a new all-time high on Dec. 1 above $19,892 after nearly three years, according to data from Coinbase and Tradingview. BTC/USD weekly chart (Coinbase). Source: Tradingview.com Despite the Thanksgiving crash last week, BTC price has managed to rebound throughout the weekend. BTC then easily passed the $19,000 mark on Monday to reach its all-time high, albeit on a couple of exchanges. There are three key trends that fueled BTC’s rise from sub-$3,600 in March to over $19,892. These include the rise in institutional demand, lower selling…

Tesla Stock to Be Added to S&P 500 Index in Single Tranche

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The growth of Tesla is reflected in the surge in the company’s stock price. At the moment, Tesla is up 4% in the pre-market. Following the inclusion of the stock of Tesla Inc (NASDAQ: TSLA) to the S&P 500 (INDEXSP: .INX) index as announced back in November, the stock is set to be added to the heavyweight index in a single step. According to CNBC, the one-step addition of Tesla’s stock came following the S&P 500 Dow Jones consultation of investors and the one phased approach is a deviation from…