Software intelligence company and bitcoin accumulator MicroStrategy has increased its BTC holdings with a recent acquisition of 1,434 coins, according to a Securities and Exchange Commission (SEC) filing Thursday. The purchase was made between November 29 and December 8 for $82.4 million in cash, valuing each BTC bought at about $57,477 on average. The acquisition… Read More »
I can’t help but take pride in the Bitcoin community’s relentless optimism. In many other industries, whether it be through the direct decline of the industry, or a sense of general nihilism that so often accompanies our fiat-based world, optimism is not nearly as present. But Bitcoiners wake up each day ready to work… Read More »
Fidelity Investments held a private meeting with the U.S. Securities and Exchange Commission (SEC) to urge the regulator to approve its Bitcoin exchange-traded fund, Bloomberg reported. On September 8 Tom Jessop, president of Fidelity Digital Assets, met with SEC officials in a video call, Bloomberg found. The company gave a presentation that demonstrated “increased… Read More »
Bitwage has processed the world’s first Lightning payroll. The company processed a salary payment entirely on the Lightning Network, Bitcoin’s layer 2 scaling solution for fast and cheap bitcoin payments. “Bitcoin’s Lightning Network promises the ability to enable global, instant payments for almost no fees,” Bitwage said in a statement sent to Bitcoin Magazine.… Read More »
The world is breathing a sigh of relief as things normalize after Covid-19 pandemic devastation. Governments are lifting lockdowns, restrictions are being relaxed, and the economy is slowly returning to a semblance of normality. As a result, consumer spending is on the rise. INFLATION IS ON THE RISE In April, CNBC reported that the Consumer… Read More »
College, for many, can be an experience that completes the transition from youth to adulthood. Along with the many responsibilities that come with living on your own are the freedoms to enjoy life. It can be a life-direction-changing place, for better or for worse. With these themes in mind, I spoke with Bitcoin Magazine’s… Read More »
[0:07] P: Really looking forward to this one. Yeah. This is obviously Bitcoin Magazine Twitter Spaces. We do these multiple times a week, but today, we’re going to be talking about the Lightning Network and federated chamian mints and what they mean, what they are, why they’re interesting. This is a recorded conversation, and… Read More »
Singaporean Fintonia Group has launched two bitcoin funds for professional investors. The Fintonia Bitcoin Physical Fund purchases actual bitcoin to provide investors with direct price exposure. The Fintonia Secured Yield Fund allows bitcoin holders to obtain cash by putting their BTC as collateral. Singapore-based fund manager Fintonia Group, regulated by the Monetary Authority of… Read More »
Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements and estimate where we are in the cycle. This seventh edition first addresses several on-chain and derivatives-related metrics to gauge the current bitcoin market structure. Then, it discusses two developing narratives that are introducing some… Read More »
MicroStrategy announced that it has acquired 13,005 additional bitcoin for approximately $489 million in cash, at an average price of around $37,617 per bitcoin, including fees and expenses. The company, headed by Bitcoin bull Michael Saylor, now holds 105,085 bitcoin, acquired at an average purchase price of about $2.741 billion — averaging $26,080 spent… Read More »