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Bitcoin

MicroStrategy Purchases Additional $1B Worth of Bitcoin

  • This is MicroStrategy's fourth and largest Bitcoin purchase to date.
  • Unlike previous investments, the latest $1 billion purchase was made in cash.

BCB Group Launches Treasury Service for Bitcoin

  • The BCB Treasury will provide enterprises with an end-to-end solution to store and manage BTC treasuries.
  • The company said Tesla and MicroStrategy incited more companies to look into Bitcoin.

MicroStrategy Looking to Raise $600M to Further Invest in Bitcoin

  • Qualified institutional investors will soon have the opportunity to purchase $600 million worth of aggregate principal amount of convertible senior notes due 2027.
  • Initial purchasers of the notes could also have the option of buying an additional $90 million within a 13-day period from when the notes were first issued.

Tesla Invests $1.5B in Bitcoin, Plans to Add Crypto Payments

  • Following the news about Tesla's investment, BTC surged over 15% reaching a new ATH.
  • Under its new investment strategy, the company might acquire and hold more cryptocurrencies in the future.

OKEx to Integrate Bitcoin’s Lightning Network

  • Crypto exchange OKEx to integrate the Lightning Network in Q2 2021.
  • Adopting the Layer 2 Bitcoin payment solution will enable faster and cheaper transactions.

Wright’s Threat Backfires, More Websites Hosting BTC Whitepaper

  • Craig Wright has threatened the owners of Bitcoin.org and Bitcoincore.org with legal action if they don't remove the BTC whitepaper from their websites.
  • In response to the threat, even more websites have started uploading the file, including Facebook's subsidiary Novi and payments giant Square, to name a few.

India Considering 18% Tax on $5B BTC Market

  • The country's finance ministry has submitted a draft document, which would impose an 18% goods and services tax on Bitcoin transactions.
  • India's Central Economic Intelligence Bureau has estimated that taxing Bitcoun could earn the country around $1 billion a year.

Binance Diversifies Offering With New European-Style Vanilla Bitcoin Options

  • Binance has listed a new type of Bitcoin options to encourage institutional investment.
  • Users will be able to write and sell the options as an issuer.

Canadian Fintech Company Mogo to Invest $1.1 Million in Bitcoin

  • Canadian fintech platform Mogo will invest $1.1 million in Bitcoin.
  • The company will consider additional investments in Bitcoin in 2021 to monetize its $13 million investment portfolio.

Quontic Bank Launches World’s First Bitcoin Rewards Checking Account

  • The accounts will have no service fee and will take only minutes to open.
  • The program will enable users to earn 1.5% back in Bitcoin on eligible debit card purchases.