Tag Archives: social

NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday.According to a press release published by the company, NexTech has sold all of its BTC holdings, amounting to 130.187 bitcoins. With today’s prices, this amount is worth north of $4,2 million.The sale has come less than a month after...

Michael Saylor’s Bitcoin bet appears to be far from over as his company MicroStrategy has acquired even more BTC despite the crypto price experiencing a significant retrace over the last couple of days.MicroStrategy has added more Bitcoin to its balance sheet according to an announcement issued on Friday (Jan. 22, 2021).MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808...

After several unsuccessful attempts to receive approval for a Bitcoin ETF, the US investment manager VanEck decided to try its hand with an exchange-traded fund that follows crypto companies.The firm has filed a document with the US Securities and Exchange Commission to release a Digital Asset ETF to track the price and performance of the Global Digital Asset Equity Index.VanEck Goes For A Crypto Companies’ ETFFounded over six decades ago, VanEck is a New York-headquartered investment manager...

Giant state-owned Russian bank Sberbank has reportedly sought approval from the nation’s central bank to launch its own cryptocurrency through a blockchain platform.Separately, a Russian court has removed the leading crypto exchange Binance from a regulator’s blacklist.Sberbank Looks Into Launching Its Own Crypto?According to the local coverage, Sberbank of Russia, one of the largest banks in the world’s largest country by landmass, has applied with the central bank to register a blockchain...

Bitcoin’s decline continued in the past 24 hours as the asset dumped below $30,000 for the first time since early January. Most altcoins are also covered in red, and the total market cap has plummeted to $900 billion – meaning a decrease of over $100 billion in a day.Bitcoin’s Drop Took It Below $29KJust a few days ago, BTC attempted to overcome the $38,000 price tag but to no avail. Ever since that rejection, the cryptocurrency has been gradually decreasing in value.The situation worsened in...

The US Securities and Exchange Commission charges on Ripple have pushed another platform, namely eToro, to suspend trading for the company’s native cryptocurrency. The Israeli exchange will prohibit the purchase and trading of XRP for US citizens starting from January 24th.eToro Joins The List Of XRP Suspending ExchangesFounded in 2006 in Israel, eToro is a popular social trading and multi-asset brokerage company that also support various cryptocurrency pairs.However, the company has decided...

Employees of the large provider of cloud migration, app development, and software engineering services, Sequoia Holdings, could start receiving their salaries in various cryptocurrencies. Some of the options include Bitcoin, Bitcoin Cash, and Ethereum.Founded in 2012, Sequoia Holdings, LLC is a provider of advanced analytic solutions, agile software development, cybersecurity products, and other IT-related services.Earlier today, the Reston, VA-based firm announced that employers could choose...

The last 24 hours have been undoubtedly going in favor of the bears. That’s according to data concerning the total liquidated positions in the past day as Bitcoin’s price is seemingly headed towards $30,000.In less than a day, the cryptocurrency derivatives market saw a total of $900 million worth of both long and short positions liquidated.Given the nature of the market, it’s no surprise that most of the volume comes from liquidated long positions, which account for 80.77% of all or roughly...

DeAndre Cortez Way, better known by his stage name as Soulja Boy Tell’ Em (or just Soulja Boy), has initiated a Twitter conversation with prominent crypto individuals and hinted that he could explore launching his own digital asset.Interestingly, the rapper created a song dedicated to Bitcoin in 2018 in which he bragged about “stacking” and making “100 racks” in BTC.Soulja Boy To Create His Own Crypto?The Chicago-born rapper, songwriter, record producer, and actor asked the crypto community...

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC).BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the current capitalization of the entire cryptocurrency market.Now, the Wall Street giant has filed two Prospectus documents with the United States...