MicroStrategy buys Bitcoin worth $347M to strengthen its crypto holding

On Wednesday, 28 June, MicroStrategy founder Michael Saylor revealed that the renowned firm purchased 12,333 Bitcoin between 29 April and 27 June, spending $347 million. The latest buy saw the company strengthening its crypto holding.

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Why crypto: holding money at Citibank costs hundreds of euros a month

Crypto assets have long had an ambiguous set of use cases.

The post Why crypto: holding money at Citibank costs hundreds of euros a month appeared first on CryptoSlate.

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How to Crypto in Coronavirus Times, With the Help of the CoinMarketCap App

If you’ve joined the crypto community for more than a week, you might have realized that building, holding and educatingContinue Reading The post How to Crypto in Coronavirus Times, With the Help of the CoinMarketCap App appeared first on CoinMarketCap Blog.

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Ethereum addresses hit 40M, up 350% since its all-time high price

Ethereum now holds more daily active addresses than Bitcoin, according to Weiss Crypto Ratings The number of Ethereum wallets holding Ether has spiked over the past two years to hit 40 million, according to crypto data provider Glassnode.

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Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’

The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days.

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Tezos Staking Reaches A New ATH at Over 80%; Top 5 Exchanges Holding 18% of XTZ Supply

One of the hottest cryptocurrencies in the crypto sphere, Tezos (XTZ) has been enjoying a rally throughout 2020. In mid-February, XTZ jumped 183% YTD only to fall 65% during the March sell-off. Since then, the 10th largest cryptocurrency has risen 113% and is now trading at $2.

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There’s Still Hope for Ethereum, XRP, and Litecoin

Ethereum, XRP, and Litecoin are holding above key support levels, suggesting that a bullish advance is not off the table yet. Support Levels for Etheruem, XRP, and Litecoin Crypto Briefing... The post There’s Still Hope for Ethereum, XRP, and Litecoin appeared first on Crypto Briefing.

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7% Bitcoin Drop on Satoshi Fears Shows Why Ethereum Is Dangerous to Own

Bitcoin sustained a strong 7% drop ($9,800 to $9,100) on Wednesday after trading in a holding pattern around $9,800 for multiple days in succession. The leading crypto’s drop coincided with news that one of the first few thousand BTC addresses just made its first transaction.

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“Owning Bitcoin is very very smart” Tyler Winklevoss Counters Erik Voorhees On Holding Gold

The classic argument between Gold supporters and Bitcoin adherents continues after CEO of ShapeShift, a crypto platform posted a tweet stating that owning Gold is very smart. The tweet caught a lot of people by wonderment as Voorhees is the CEO of a huge self-custody crypto platform, however, his post doesn’t necessarily mean that gold […]

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Ether (ETH) Held by Bitfinex Exceeds Entire DeFi Market; Bitcoin Holdings Plunge by Half

Major crypto exchange Bitfinex, while experiencing a sharp plunge in BTC balance since mid-March, is now holding more ETH than the total value locked (TVL) in the decentralized finance (DeFi) market.

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ErisX Becomes First Platform To Launch ETH Futures in the US

Digital assets platform ErisX, which is backed by TD Ameritrade Holding Corp, is the first regulated futures trading platform to launch Ether futures contracts in the US US users and investors can now take to the regulated crypto derivatives exchange, ErisX, to trade Ether futures contracts.

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Bitcoin Suisse announces Series A capital raise

Bitcoin Suisse, a Swiss-based crypto financial services and technology provider, today announced its Series A and first-ever capital raise. A total of 20% of shares in BTCS Holding AG, the holding company owning and controlling all Bitcoin Suisse subsidiaries, with full voting and dividend rights, are offered for sale at a CHF 275m pre-money valuation, […] CryptoNinjas: Bitcoin Suisse announces Series A capital raise

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Whales Accumulate Bitcoin and Ether, Disregarding Macro Concerns

Large Bitcoin and Ether whales are doubling down by adding more coins to their holdings, even as crashes rock global financial markets. Accumulating Bitcoin for the Next Cycle Addresses holding... The post Whales Accumulate Bitcoin and Ether, Disregarding Macro Concerns appeared first on Crypto Briefing.

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Long-Time HODLer Says His Confidence In XRP’s Future Is Waning, Cites Lack Of Major Developments

An XRP investor who has been holding the asset for at least three years now took to Reddit yesterday to share why he is now losing confidence in the viability of the Ripple-led crypto project in the future.

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Bitcoin (BTC) Price Targets $8,000 as Price Action Very Bullish: Trader

While Bitcoin is holding at $7,532, traders are trying to see what BTC?s next move will be. Some expect the king crypto to keep going North, but perhaps not right away

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Bitcoin (BTC): Wall Street Could Be Holding 5% of Circulating Supply, IvanOnTech Says

Crypto blogger IvanOnTech believes that Wall Street could be holding around 5% of the circulating supply ? that?s 900,000 BTC, accumulating it for their customers

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Crypto exchanges record massive Bitcoin withdrawals as investors move into long-term holding

Crypto exchanges are witnessing dwindling Bitcoin volumes as investors continue to withdraw their coins. The trend has persisted since January with multiple exchanges recording substantial declines in the number of bitcoins held for their clients.

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XRP and XLM are too Centralized to be Part of Morgan Creek’s Index – Mark Yusko

Morgan Creek Digital CEO Mark Yusko has revealed that his hedge fund is averse to both XRP and Stellar (XLM) and will not be holding them, because of issues with decentralization. Speaking in an interview on the Thinking Crypto YouTube series, Yusko suggests that both assets are a little too centralized to be held or […]

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Crypto Exchange Bitfinex Now Offers Staking on EOS, VSYS, and ATOM; XTZ Coming Soon

One of the largest crypto exchanges, Bitfinex, is ready to begin offering staking services to their customers as a result of high consumer demand for it. Start earning a staking reward on Bitfinex! From today you can earn a staking reward as high as 10% per year by simply holding your digital tokens on Bitfinex. […]

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Bitcoin Bulls Continue to HODL as Optimism Returns

Data suggests that long-term Bitcoin bulls are still holding BTC despite crashing markets, both traditional and otherwise. Bitcoin Bulls Show Their True Colors  The economic principle of supply and demand...The post Bitcoin Bulls Continue to HODL as Optimism Returns appeared first on Crypto Briefing.

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Singapore Allows Crypto Companies to Operate Without a License for 6 Months

The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex.

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US Holding Firm Halted Mining Business After Bitcoin Crashed Below $4K

DPW Holdings notifies the SEC about suspending its crypto mining business due to Bitcoin’s recent crash below $4,000

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Crypto payment service Pundi X granted exemption until July 2020 for Singapore license

The team of Pundi X, a crypto payment service platform, announced it has been granted an exemption from Singapore regulator MAS for holding a license to operate in the country until July 28, 2020. Earlier this year (January 28, 2020) the Monetary Authority of Singapore (MAS) commenced a new Payment Services Act (PS Act) to […]

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Interpol Enlists Korean Startup to Track Crypto on the Dark Web

Interpol enlists a Korean startup holding patents for analyzing crypto flows across the deep net to help fight cybercrime across the dark web

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Bitcoin Price Stable as COVID-19 Pandemic Drops Stocks to 2017 Levels

Bitcoin is holding the $5,050 to $5,400 range, prompting traders to wonder if the crypto will function as a hedge against the volatility currently rocking traditional markets

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Market Crash Got You? At Least You’re Not Holding Leveraged Tokens

Traders holding the heavily leveraged BULL tokens saw massive losses when Binance failed to update the token’s price for more than three hours. Dozens of traders called on Binance and...The post Market Crash Got You? At Least You’re Not Holding Leveraged Tokens appeared first on Crypto Briefing.

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Long-Term Investors Have Been Accumulating Bitcoin, Unfazed By Market Sell-Off: Report

Long-term BTC investors have been stocking up on sats, despite the steep drop in crypto prices over the past week. Bitcoin endured a brutal sell-off that saw it lose at least 35% from the $8,000 level that had been holding strong.

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Why Bitcoin Might Be Holding Better Than The Traditional Stock Market

The recent crypto market crash has been a huge hit for any cryptocurrency enthusiast, even long-term holders. The 51% drop in less than 24 hours is now ranked as the biggest crash in the history of Bitcoin but it doesn’t mean the digital asset is dead.

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Litecoin Holders can Earn Interest Through the Edge Wallet

A lot of changes are coming to the cryptocurrency industry. Most of these developments are coming from within, as earning interest on crypto holdings is the main point of focus right now. Looking beyond simply buying and holding appears to be the narrative for crypto enthusiasts in 2020.

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Bitcoin Price Will Not Drop Below the $2000 Mark: Tone Vays

Bitcoin and crypto trading guru Tone Vays has said that the flagship cryptocurrency may have reached its price floor. If so, he advocates for investors to buy now for long-term holding.   Vays’ Tweets Reflect Optimism The notion of buying on dips as a tried-and-true investment strategy dates back generations.

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3 Things Holding Bitcoin Price Back Right Now

The crypto market has slumped $13 billion in the past 24hrs, leaving a vast majority of digital assets deep in the red, including Bitcoin price. Here are 3 things holding it back right now. Over the course of today and yesterday, anyone with bitcoin probably noticed that the value of their coins dropped quite substantially– over 5.

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South Korean National Assembly Passing Of Two Amendments, Making Crypto Legal

First, it was India, now South Korea has taken a positive step towards cryptocurrencies.  The recent amendment of the Act on Reporting and Use of Specific Financial Information passed today during a session of the National Assembly, which officially allows crypto trading and holding.

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South Korean Parliament Legalizes Bitcoin Trading

The National Assembly of South Korea unanimously approved what could be the official entry of cryptocurrency trading and holding into the nation’s legal system. Cryptocurrency Trading Is Now Legal in...The post South Korean Parliament Legalizes Bitcoin Trading appeared first on Crypto Briefing.

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Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

Yesterday, India’s Supreme Court quashed the Central bank’s crypto ban that was curtailing cryptocurrency trading in the country. The crypto community perceived this as a big adoption boost for bitcoin and cryptocurrencies in general.

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Ukrainian NAPC Now Requires Tax Payers To Report Crypto Holdings As ‘Intangible Assets’

Taxpayers in Ukraine have been presented by the country’s revenue agency a guidance on how to report the cryptocurrency they’re holding. The document was first revealed by the crypto news outlet Forklog.

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Amid Crypto Market Crash, Top Investor Calls Ignoring Bitcoin an ‘Idiotic Strategy’

Chamath Palihapitiya believes not holding Bitcoin is a foolish decision. The billionaire investor calls the decision to leave the crypto asset out of a portfolio an “idiotic strategy”. Like many other crypto industry observers, Palihapitiya also thinks that Warren Buffett is dead wrong about Bitcoin.

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XRP Holding This Key Level Sets Stage for 100% Rally: Top Analyst

The past few days haven’t been kind to the crypto markets. After peaking last week, market leaders Bitcoin, Ethereum, and Ripple’s XRP and smaller altcoins saw their values tank. XRP, unfortunately, was hit especially hard, perhaps because it has seen an especially strong rally over the past eight weeks.

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Building Bridges: Ripple’s Xpring Proposes Interoperability Between Ethereum And XRP

Crypto tribalism has been a thorn in the industry’s flesh for quite some time now. This toxic tribalism has been holding back the cryptocurrency industry as proponents of the different visions of bitcoin spend too much time attacking each other instead of doing real work.

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Bitcoin Whales Holding 100-1,000 BTC are Accumulating: US Exchange

Bitcoin whales holding about 100-1,000 units of the cryptocurrency have started accumulating more of it, says crypto trading platform Kraken. In a report published Friday, the US exchange noted a stagnant growth in the number of whale addresses effectively from January 3, 2020.

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Vo1t Partners With IBM’s Hyper Protect Crypto Service To Offer Private Key Custody

Vo1t, the famous cold storage custody provider, and IBM have closed a partnership to offer Vo1t clients secure data centers for holding and encrypting their private keys. This new option is included in the IBM’s Hyper Project.

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Retail And Institutional Investors in Agreement Over Bitcoin’s $10,000 Price

Bitcoin is holding strong in 2020. We are just over a month into the year and the crypto market has been flying. BTC is up over 33% YTD while trading at $9,775. Volume on spot exchanges is maintaining its momentum and keeping above $1 billion.

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BTSE leaves Dubai for British Virgin Islands: Why crypto businesses still haven’t found their regulatory utopia

Crypto exchange BTSE has shifted its operations out of Dubai, claiming that regulators in countries with “non-permissive legal systems” are holding back the mass adoption of cryptocurrency with their inaction and broken promises.

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Germany’s Financial Authority, BaFin, Releases Guidelines For Foreign Crypto Custodians

Germany’s Financial Supervisory Authority (BaFin) through a memo released in January stipulated that they wouldn’t target firms holding crypto assets for German citizens and were operating without a license.

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Why crypto? Holding money at Dutch bank ING could cost you

When consumers hold money in banks, they expect to be paid an interest rate—there’s a reason why people don’t store their money under a mattress in a safe in their house. But, this financial trend is changing, with there being banks that now charge consumers and businesses for storing money, something unheard of ten or […] The post Why crypto? Holding money at Dutch bank ING could cost you appeared first on CryptoSlate.

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Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.

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Nearly 1 million Bitcoins worth $8.4 billion now held in Coinbase’s cold storage wallets

San Francisco-based crypto exchange Coinbase is reportedly holding nearly 1 million Bitcoin (BTC) in its cold storage wallets. While digital currency exchanges have been known to fake trading volume, it appears that the amount of funds held in offline storage provides a better picture.

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Missing QuadrigaCX Funds Linked to Crypto Capital

Miller Thomson LLP, lawyers representing users of the now-defunct Canadian cryptocurrency exchange, QuadrigaCX, are investigating Crypto Capital’s connection with the former Canadian exchange. According to the lawyers, Crypto Capital could be holding any funds belonging to QuadrigaCX.

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Is Ethereum About to Break Out of a 2-Year Bear Market?

Crypto markets are holding steady for another day following a slight pullback from their recent rally. Ethereum is still looking strong but can it finally pull out of its two-year bear market? Ethereum Bulls Building Since the beginning of 2020 Ethereum has outperformed bitcoin.

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Crypto Wallet BRD Expands Core Business, Launches Enterprise Blockchain Service ‘Blockset’

BRD, a Mobile crypto wallet services provider backed by Ripple as well as SBI Holding, has announced it is expanding to the enterprise sector and has launched Blockset blockchain that will enable developers to easily develop apps for enterprises.

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