Day: December 11, 2020

Price analysis 12/11: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM

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The market-wide correction looks set to continue as Bitcoin and most major altcoins are facing selling at higher levels. Bitcoin (BTC) price has been gradually giving up ground for the past few days and that has a few investors afraid that a sharp correction or a bear market similar to the one in 2018 could occur again. However, there are major differences between the previous bull market and the current one. The most notable difference is the arrival of institutional investors. The latest institution to have taken a position in…

RSK Powpeg is a Secure and Superior Facilitator of Bitcoin DeFi

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Bitcoin is the first and the most secure digital currency with more hashrate securing the network than all other cryptocurrencies combined, which makes it arguably the most valuable of them all. However, it is only a transactional layer with a limited scripting system. Ambitious projects are working on DeFi solutions that harness Bitcoins security and are even introducing DeFi products settled in BTC. Bitcoin sidechains and DeFi RSK (previously Rootstock) is one of the most active Bitcoin sidechains reflecting the initial goals of Satoshi. RSK developers are working overtime to…

BITCOIN UPDATE FROM VEGAS!! Crypto BTC TA price prediction, analysis, news, trading

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MicroStrategy completes $650 million bond sale to finance next Bitcoin purchase

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MicroStrategy (MSTR), a leading business intelligence firm, announced Friday that it has raised $650 million worth of convertible bonds to finance more Bitcoin (BTC) purchases, underscoring CEO Michael Saylor’s conviction in the flagship digital asset.  The company confirmed Friday that it had sold $650 million worth of convertible senior notes at a rate of 0.750% due in 2025. The interest rate is payable semi-annually on June 15 and December 15 beginning in 2021. According to the press release: “MicroStrategy intends to invest the net proceeds from the sale of the…

Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold’s Safe Haven Days Are Numbered

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A great number of companies have been converting cash reserves into bitcoin during the last few months. At the end of August, the Mediterranean restaurant chain Tahini’s announced the Canadian company converted all of their cash reserves into bitcoin. On Friday, Tahini’s tweeted about the recent crypto reserve conversion, as the team recalled telling the firm’s financial advisor that the precious metal gold and it’s years of being a reliable safe haven are numbered. This year, a great number of private and publicly listed companies have been gathering vast amounts…

Privacy Coin Advocates Persevere Amid Exchange Delistings

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On Dec. 8, Dutch cryptocurrency exchange LiteBit sent an email to its users stating it would be delisting the privacy coin firo (formerly zcoin).  According to the email, the decision was made “partly due to the privacy aspect of this crypto. The regulator of crypto companies in the Netherlands has indicated that cryptocurrencies aimed at privacy are too high a risk.” LiteBit confirmed zcoin will be delisted on Dec. 22.  This news comes a few months after Shapeshift delisted monero, zcash and dash. South Korea-based exchange Bithumb also dropped monero…

Architect of DoJ’s crypto framework will no longer be leading their policy-making

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Per a Dec. 11 announcement from the Department of Justice, Assistant Attorney General Beth Williams is out of the policy department Since 2017, Williams has been a leader at the Office of Legal Policy. Though the DoJ’s announcement today explicitly says Williams is leaving the office rather than the department as a whole, it does not say where she is bound for next. As the announcement notes, Williams has been particularly involved in: “The department’s cyber policies, including coordinating the development of a recent white paper on cryptocurrency as part of the…

BITCOIN SMALL PUMP BEFORE NEXT BIG DUMP ¦ BITCOIN Technical Analysis 27,11,2020 ₿

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Where next for Bitcoin price? BTC continues to stagnate below $18K

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Throughout the past few days, the sell-side pressure from all sides has intensified. Bitcoin miners have sold their holdings at a scale unseen for over three years. On top of this, the inflow of whale-associated BTC into exchanges has substantially spiked. The combination of the two data points indicates that miners and whales have been selling in tandem. Bitcoin continues to trade under $18,000 following a week of aggressive selling from whales, miners and, possibly, institutions. Analysts generally believe that the $19,000 region was a logical area for investors to…

MicroStrategy Offering to Fund More Bitcoin Buys Boosted to $650M After Notes Buyer Bought $100M More

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MicroStrategy announced Friday it raised $650 million, up from a recently boosted $550 million, in a convertible senior note sale designed to allow the business intelligence company to buy more bitcoin. The company estimates $634.9 million of that sum – the net proceeds – will be available for bitcoin allocations in accordance with its treasury reserve policy. The amount of the offering was boosted to $650 million from the $550 million announced on Wednesday after the purchaser of the notes exercised in full an option to buy up to an…