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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.