Day: February 24, 2021

MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC

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Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Wednesday after purchasing an additional 19,452 coins, taking its total haul to 90,531 BTC. Announced on the company’s website on Wednesday, the coins were reportedly purchased for approximately $52,765 per coin, equating to an outlay of just over $1 billion. MicroStrategy CEO Michael Saylor said the firm’s focus was now twofold: grow its analytics software enterprise, and buy more Bitcoin.  Saylor said, “The Company remains focused on our two corporate strategies of growing our enterprise analytics software business…

Puma Reveals Rise in Q4 Sales and Earnings, Plans Dividend Distribution

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The global sportswear giant stated that the impressive performance in the fourth quarter was led by an 11.8% sales increase in Asia/Pacific, with Greater China at the center of it all. Puma SE (OTCMKTS: PUMSY) announced on February 23 that its fourth-quarter net earnings increased to €24.7 million from €17.8 million last year, representing a 38.8% growth over the last 12 months. The German sportswear firm’s sales in the fourth quarter of 2020 saw a 9.1% growth to €1.520 million as its earnings per share were up to 0.16 euro from…

Central Bank of India Is Serious about Digital Rupee Project

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India has now renewed its efforts towards seeing the back of digital coins as a transition period has been given to crypto holders to liquidate their assets. While Indian authorities appear bent on banning the use of private cryptocurrencies in their jurisdiction, it also appears that the government is also looking to issue a central bank digital currency (CBDC), a digital rupee, to replace the former. A report from Bloomberg has stated that the chief of the country’s apex bank, Shaktikanta Das, says that India’s central bank is determined to…

Altcoins To Watch: LTC, KAVA, WAN

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Cryptocurrency market looks very optimistic amid statements from the FED Chair Mr. Powell on the development of the Digital Dollar. After yet another Red day experienced on Monday, February 22, Bitcoin and altcoins seem to retrace from their new dips and recover losses. While some leave the market with a pessimistic pulsebeat, others find new opportunities and claim that the crash was normal and the World should buckle up for the new bullish cycle. As the bullish cycle is already knocking on our doors, I’d like to point out three…

CoinShares launches new physically-backed Ether ETP

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Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch. The news comes shortly after CoinShares launched its first cryptocurrency ETP, CoinShares Physical Bitcoin (BITC), in January 2021. Similar to BITC, the new ETH ETP will be initially listed on SIX Swiss…

Bitcoin Futures Trade Volume Hit an ATH of $294B as BTC Dipped to $45k

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In summary: Bitcoin futures trade volume hit a new all-time high of $294.19 Billion as BTC fell below $45k The majority of the trade volume was witnessed on Binance followed by Huobi and OKEx Bitcoin is once again above $50k BTC still has two more hurdles this month in the form of the expiry of Bitcoin futures and options this Friday, and the monthly/weekly close on Sunday The month of February continues to be a month of firsts for Bitcoin. To begin with, Bitcoin posted a new all-time high of…

Oddz Finance Raises $2.6M to Build Smart Derivatives Trading Platforms

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Oddz Finance aims to provide a seamless derivative experience to users addressing the broader spectrum prevalent in the DeFi derivatives market. Oddz Finance successfully closed Seed and Private Funding rounds of $2.6 million from leading industry players to build smart derivatives trading platforms. Oddz Finance is a decentralized on-chain option trading protocol that simplifies multi-chain option trades. It facilitates creating, maintaining, and settling options contracts, conditional tokens, and futures contracts safely and securely. Leveraging the Binance Smart Chain, Polkadot, and Ethereum blockchain with an in-built oracle solution, it aims to…

India’s Warren Buffett Wants Regulators to Ban Bitcoin and Focus on Digital Rupee – Regulation Bitcoin News

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Indian billionaire Rakesh Jhunjhunwala, sometimes referred to as the Warren Buffett of India, says that the government should ban bitcoin. Calling the cryptocurrency “speculation of the highest order,” the billionaire investor stated that he will never buy bitcoin. Billionaire Rakesh Jhunjhunwala Thinks Indian Government Should Ban Bitcoin Rakesh Jhunjhunwala believes that the Indian government should step in and ban bitcoin, CNBC reported Tuesday. Jhunjhunwala, who currently manages his own investment portfolio as a partner at asset management firm Rare Enterprises, is sometimes known as the “Warren Buffett of India” and…