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MicroStrategy Buys Another $94 Million Worth of BTC Amid $49K

MicroStrategy – the company, spearheaded by one of the most popular and prominent Bitcoin permabulls, Michael Saylor – announced today that it had bought another $94 million worth of BTC. MicroStrategy has definitely made a name for itself in the past couple of years when it comes to acquiring BTC. Today, Saylor announced that the company has bought another 1,914 bitcoins for roughly $94.2 million in cash. The average price of the buy was around $49,229 per BTC. At the time...

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EOS Price Analysis: Risk of Sharp Decline Below $3

EOS price started a fresh decline from the $3.50 zone against the US Dollar. The price is now trading below $3.20 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $3.15 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend losses if there is a proper close below the $3.00 support. EOS price is showing bearish signs below $3.20 against the US Dollar, similar to bitcoin. The...

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Bitcoin-Preis 300’000?

Mit einer stark ansteigenden Perspektive steht der Bitcoin nahe der Grenze von 60.000 Dollar. An dieser magischen Grenze prallt der Kurs bis dato ab, jedoch sind trotz der Volatilität weitere Abstürze nicht zu erwarten. Eine gute und prägnante Bodenbildung in den letzten Wochen und Monaten spricht gegen eine starke Kurskorrektur. Oder mit anderen Worten: Der Boden sei erreicht, gemäss einem prominenten Bitcoin-Analysten filbfilb. Bitcoin an einer echten Bitcoin-Börse kaufen soll sich immer...

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Litecoin (LTC) Price Analysis: Bears In Control Below $150

Litecoin price is facing resistance near the $150 zone against the US Dollar. LTC price is now trading below $150 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $156 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $140 support zone. Litecoin price is consolidating above $140 against the US Dollar, similar to bitcoin. LTC price...

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India’s Regulatory Watchdogs Wants Mutual Funds to Refrain From Crypto-related NFOs

India’s crypto saga did not have any significant breakthrough this year. As the regulatory climate remained unclear, the country’s market regulator feels mutual fund houses should not come up with fund offers related to cryptocurrency assets. SEBI Not Excited About Crypto NFOs The Securities and Exchange Board of India (SEBI) chairman, Ajay Tyagi, reportedly noted that the regulatory entity does not want the domestic mutual funds to develop any crypto-based new fund offers...

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Use of Replace By Fee in Bitcoin Transactions Skyrocketed in 2021

Would you be willing to overpay to have your stalled Bitcoin transaction processed more quickly? Data shows that you most certainly would. The use of Replace by fee —a transaction feature on the Bitcoin network that allows increasing the fee once the transaction is submitted— more than doubled in 2021, in what may be a sign that Bitcoin adoption has also led to increased competition among users to put their transactions on the next block. Replace By Fee: The Old Hidden Secret...

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Elon Musk: Doge Is Better Than BTC Because It Doesn’t Just Empower Rich People

Elon Musk has come out in support of Dogecoin once again. This time, he’s saying it’s superior to bitcoin primarily because all the latter has done is give power to new rich people. Elon Musk On Why He Supports Doge Musk has long been a proponent of Dogecoin. He has referred to it as the “people’s coin” and at one point, was in line to become the newest CEO of the asset. This later turned out to be internet fluff, though it sure had investors going. In a recent...

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FTX US to Offer Crypto Derivatives and NFT Services to Customers

FTX US, the United States division of global cryptocurrency exchange, FTX.com, revealed today that its customers will soon be able to access crypto derivatives and non-fungible token (NFT) services on the platform. According to Brett Harrison, the president of FTX US, the exchange is building a self-hosted wallet that will support FTX NFTs and NFT gaming. The crypto exchange is also looking to offer tokenized stock trading to US customers. – derivatives for US customers–...

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Mike Novogratz: BTC Doesn’t Use That Much Energy

Mike Novogratz – the CEO of Galaxy Digital Holdings Ltd. – says that bitcoin doesn’t consume nearly as much energy as everyone seems to think it does. Mike Novogratz Discusses How Much Energy BTC Really Uses Energy consumption has been a big topic in the world of bitcoin and cryptocurrency over the past year or so. Environmentalists everywhere seem to believe that mining crypto is somehow going to destroy the planet or render it unusable in some way. Even big names in...

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Marathon Digital Purchased Additional 78,000 Bitcoin Mining Machines for $900M

One of the largest cryptocurrency mining companies – Marathon Digital Holdings – bought 78,000 Antminer S-19 XP Miners from the Chinese manufacturer – Bitmain. To acquire the equipment, the firm spent nearly $900 million. Marathon Deepens Its Mining Efforts According to the filing with the Securities and Exchange Commission, Marathon Digital Holdings (NASDAQ symbol: MARA) will receive the machinery in the second half of 2022. Bitmain will deliver 13,000 units per month in...

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