Yesterday, Live Bitcoin News reported that a company called MicroStrategy – which had already purchased roughly $250 million in bitcoin recently – was now considering adding more units of the world’s number one digital currency to its now massive stash.MicroStrategy Has Made Its Next Major MoveWell, it looks like those considerations have led to action as MicroStrategy just announced today that it has purchased an additional $175 million in bitcoin. The company now owns more than $400 million...
Read More »In 2013 MicroStrategy CEO Said Bitcoin’s Days are Numbered: Today His Company Owns $425 Million of BTC
In the past month, the NASDAQ-listed company MicroStrategy bought $425 million worth of Bitcoin. CEO Michael Saylor brought out BTC’s unique qualities to serve as a hedge as the primary reason.However, not too long ago, Saylor’s opinion differentiated substantially as he claimed that Bitcoin’s “days are numbered.”MicroStrategy’s CEO expressed his rather adverse verdict regarding BTC on Twitter in December 2013. When forecasting the asset’s upcoming demise, he argued that Bitcoin’s fate would...
Read More »Bitcoin Continues Its Newfound Bullish Strategy
It looks like bitcoin is suddenly enjoying being bullish. Following its sudden rise into the $10,700 range just yesterday, the world’s number one cryptocurrency by market has sudden shot up by more than $100 and is now trading in the high $10,800 space.Bitcoin Is Suddenly Heading for the TopThings do appear to be moving up for bitcoin. The question is, “Will this newfound bullish behavior last, or is bitcoin just experiencing another odd change?” It’s hard to tell at this point considering...
Read More »The First Crypto US Bank: Kraken Received Licensing From The Wyoming Banking Board
The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken.In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report.This means that the exchange will get access to the existing federal payments infrastructure.It will also allow Kraken to further integrate funding and banking options to its clients, said the managing...
Read More »ETH Price Analysis: Ethereum Showing Weakness Against Rising Bitcoin, Lower Targets Incoming?
Ethereum bulls are currently trying to defend the 2019 high price at $364.The cryptocurrency is forming a descending triangle pattern on the 4HR charts.Against Bitcoin, ETH shows weakness as it starts to head back to the September support around 0.0329 BTC.ETH/USD – Etheruem Starts To Form Short Term Descending TriangleKey Support Levels: $364, $355, $336.Key Resistance Levels: $390, $400, $410.Ethereum dropped from the $390 resistance at the start of the week, but the bulls have defended the...
Read More »Yield Farming Can Be Risky: Ask This Guy Who Lost $5000 Overnight
They say crypto’s biggest appeal lies in how fast one can acquire ‘Lambos,’ fly ‘to the moon’ and get their ‘numbers to go up.’ The Lambo aspect is still relevant as folks are making insane money day in and day out. The other two, not so much.Although traders still bet on prices of Bitcoin, Ethereum (ETH), and other crypto assets, cryptocurrency trading or investing is not the set method for generating humongous wealth presently. DeFi’s yield farming has taken the centre stage in the quest to...
Read More »AjuBit: World’s First Informative Crypto Trading Platform Launching With Lightning Execution
[Press Release – Please read the disclaimer below]Most crypto exchanges don’t have global market data, Social news, Signals. Clients have to go the different websites for data that should be in one place.Everything can be available in “AjuBit Advanced Informative Platform”. The World’s first platform who presents in House & Global market data in front of the client’s eye.Access to other exchanges’ Live pricesCryptocurrency prices, to a certain degree, vary from exchange to exchange. With...
Read More »Paxful Shuts Down Operations in Venezuela, Cites OFAC Sanctions
Another day, another bad news for the people of Venezuela. Paxful has decided to stop supporting the country, giving users 30 days to withdraw their funds and preventing any new sign-ins.Throughout the day, users of the platform received an email, in which Paxful warned it had to “close its operations” in Venezuela after months of hard work:“Although we made our best efforts during several months, we are sad to announce that, in view of the concern for the regulatory scenario, Paxful will...
Read More »First Official Ethereum 2.0 Proposal For Phase 0 Launch Just Submitted
That is until today when the lead developer has submitted the first official proposal for the Phase 0 stage of the migration to Ethereum 2.0.Phase 0 EIP SubmittedEthereum developer Danny Ryan has submitted the first Ethereum Improvement Proposal (EIP) 2982 to the Github repository. This marks the first official step to getting Phase 0, or Beacon Chain, nearer to launch.ITSHAPPENING.GIF@dannyryan has submitted an EIP for eth2 phase 0 ?https://t.co/eqvEDiT3FT pic.twitter.com/NHM3DJ8i4D— Anthony...
Read More »DeFi Risks: CREAM Finance Crashes 70% in 3 Days As Devs Find Liquidity Pool Code Error
Popular DeFi protocol Cream Finance’s staking mechanism has stopped working because of an input error in its smart contract, which has increased the distribution speed ten-fold.At the same time, the Cream Finance (CREAM) token continues plummeting in value and is down by 50% in the past 24 hours alone.Cream Finance’s Tech ProblemThe DeFi protocol took it to Twitter to explain the technical difficulties it’s experiencing. The crCREAM Staking was stopped “for maintenance due to an input...
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