MicroStrategy (NASDAQ: MSTR), a business intelligence company, has exceeded its previous plans to offer $400 million in convertible notes, as reported in a previous article. The firm announced today that it has ended up raising $650 million through senior convertible notes offering and confirmed that the proceeds will be invested in Bitcoin (BTC). Officially, the […]
The Massachusetts Mutual Life Insurance Company, a US-based mutual firm with over five million clients, has become the latest large corporation to allot a significant sum to Bitcoin (BTC). A recent Wall Street Journal report shows that the insurance firm has just purchased $100 million worth of BTC for its general investment account. Massachusetts Mutual […]
Analysts at JPMorgan Chase & Co have asserted that Bitcoin (BTC) has appropriated a huge chunk of gold’s (XAU/USD) market share. The analysts pointed out the depreciating difference in funds allocated in the yellow metal and BTC, adding that the shift “represents the transfer of billions in cash.” The cryptocurrency community has argued for years […]
MicroStrategy, an analytics and mobility platform, currently HOLDs a significant amount of Bitcoin (BTC) and plans to keep stacking its holding. The firm recently revealed that it is seeking financing to acquire more large chunks of Bitcoin. According to an official press release on December 7, MicroStrategy was considering taking on a $400 million private […]
The Chief Executive Officer of Standard Chartered, Bill Winters, has affirmed his belief that widespread adoption of Bitcoin (BTC) and other digital assets (existing and yet to be made) are an “absolute inevitability.” According to a recent news report, the CEO asserted that there’s a “whole new world opening.” He added that the creation and […]
As we go into a new week, Bitcoin (BTC) maintains its low-volatility momentum around $19,000. However, the benchmark cryptocurrency continues to trade above the round since yesterday but lacks any follow-through strength. The cryptocurrency recorded a high of $19,350 over the weekend. Meanwhile, the total cryptocurrency market cap has risen by $20 billion over the […]
The first time I set my eyes on a Meta Trader platform, I doubted I would be able to master its use, since the figures and features I saw seemed daunting to me. When I even heard about candlesticks, I didn’t know what it meant. Stupefied, I wondered whether I’d need to light some candles […]
Just ten months after the Supreme Court in India removed the ban placed by the Reserve Bank of India on cryptocurrency trading, fresh reports show that the country’s taxation authority has picked interest in cryptocurrency traders, as Bitcoin (BTC) continues on its bullish rally. Local media report that the Indian Tax Department already has data […]
Bitcoin (BTC) has recovered from a fresh selloff earlier this week, in which the cryptocurrency fell $1,600 in a few hours and fell to a low of $18,100. Despite worries that the benchmark cryptocurrency is yet to close the substantial CME gap between $18,275 and $16,995, bulls have secured Bitcoin firmly above the $19,000 level. […]
