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MicroStrategy completes $500 million offering, plans to buy more Bitcoin

June 14, 2021 Bitcoin, Companies, microstrategy, purchase Eddy 0

Software company MicroStrategy has today completed its $500 million offering of secured notes, according to a statement. The company said it plans to use these proceeds, which it estimates at $488 million — after discounts, comissions and expenses — to buy more bitcoin. The offering was of secured notes due 2028 that bear interest at […]

Galaxy Digital and NfX lead $9 million raise into Ramp

June 14, 2021 crypto, Cryptocurrency, Exchanges, Funding, Infrastructure, investment, Payments and Banking, Poland, RAMP Eddy 0

Ramp, the payments infrastructure startup focused on crypto on-ramps, has closed a $9 million seed round led by venture capital firm NfX and Mike Novogratz’s Galaxy Digital. Founded in 2017, Ramp styles itself as a “PayPal for crypto” service. It aims to make the process of interacting with crypto-assets — whether that’s bitcoin or Non-Fungible […]

Thai regulators ban exchanges from trading meme tokens and NFTs

June 14, 2021 dogecoin, Exchanges, Italy, meme, netherlands, nft, NFTs, Regulation, Thailand Eddy 0

Digital asset platforms can no longer trade meme-based tokens, non-fungible tokens (NFTs) and exchange-issued tokens in Thailand after the country’s Securities and Exchange Commission banned them on Friday, according to the Bangkok Post. The ban applies to tokens like Dogecoin, which was created as a joke but has gained a lot of popularity in the […]

Bitcoin price breaks above $40,000 again for first time in over two weeks

June 14, 2021 Bitcoin, BTC, Markets Eddy 0

Bitcoin’s price has risen above $40,000 again after a steady rebound from its recent low of nearly $30,000 last week. As of the time of writing, bitcoin is trading hands at roughly $40,380, according to data from Coinbase, an increase of about 12.7 percent in the past twenty-four hours. Bitcoin’s price hasn’t traded above the […]

Italian securities regulator head says crypto could negatively affect market

June 14, 2021 Bafin, Binance, consob, Digital Assets, Europe, Institutional, Italy, Payments and Banking, Regulation Eddy 0

The head of Italy’s securities market regulator, Commissione Nazionale per le Società e la Borsa, has said the increasing use of cryptocurrencies outside of a regulated marketplace may have negative consequences. According to a Reuters report published Monday, Consob chairman Paolo Savona called for increased regulation, saying cryptocurrencies could lead to illegal activity like money […]

Mark Cuban: DeFi could be the ‘next great growth engine’ for the US

June 14, 2021 DeFi, Ethereum, growth, Mark Cuban Eddy 0

Mark Cuban, billionaire investor and owner of the National Basketball Association’s Dallas Mavericks, said yesterday that the U.S. government and regulators need to start getting behind crypto innovations, such as the decentralized finance (DeFi) industry. Otherwise, he argued, the U.S. will “lose the next great growth engine that this country needs.” His thoughts came in […]

Russia most affected by cryptocurrency threat – Report

June 14, 2021 Bitcoin, Hack, News Eddy 0

A report reveals that Russia tops the list of countries affected by cryptocurrency threats, followed by Thailand and Peru. The report reveals that the surge was due to the increased number of potentially unwanted applications known as Nice Hash Miner The price of Bitcoin has always correlated with ransomware attacks. In May 2019, when Bitcoin […]

Allianz Chief Economic Advisor Says Elon Musk has a Huge Influence on Bitcoin Adoption

June 14, 2021 Bitcoin Adoption, Bitcoin News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, BTCUSD, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, crypto regulations, elon musk bitcoin, News Eddy 0

Mohamed A. El-Erian, the chief economic advisor for Allianz, an asset management and insurance firm recently appeared on CNBC’s Squawk Box, where he talked about Fed’s recent meeting, Bitcoin and Elon Musk. The chief economic advisor said Bitcoin is currently in a tug-of-war between regulation and adoption. He said Elon Musk, the Tesla CEO has […]

Just-In: Hut 8 Mining to go Live on Nasdaq This Week

June 14, 2021 Bitcoin mining, Blockchain News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, BTCUSD, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Crypto listing, Hut 8 Mining, nasdaq, News Eddy 0

Hut 8 Mining, the largest North American crypto mining company is all set to debut on Nasdaq later this week. The firm’s stock would be listed on Nasdaq Select Market. The firm holds one of the highest installed capacity rates in the industry and is a global leader in held, self-mined Bitcoin of any crypto […]

Thailand Issue Outright Ban on NFTs and Meme Coins Amid Crypto Crackdown

June 14, 2021 crypto regulations, meme coins, News, NFTs, Non-fungible tokens, Regulation News, Thailand Crypto Law, Thailand crypto rules, Thailand SEC Eddy 0

In a major crackdown on the new-age cryptocurrencies, the Thai Securities and Exchange Commission (SEC) has banned all local exchanges from trading exchange-issued tokens, meme coins, fan-based tokens, and other non-fungible tokens (NFTs). The regulatory action basically targets mem coins like Dogecoin (DOGE) which started as a joke cryptocurrency and has recently driven major frenzy […]