Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. In an announcement, the company said it intends to use the proceeds for general purposes. This includes its working capital and “acquisition of Bitcoin.” However...
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Xapo Bank, a global cryptocurrency-friendly bank headquartered in Gibraltar, is betting on crypto lending revival by launching Bitcoin-backed US dollar loans.Qualifying Xapo Bank clients can now access Bitcoin (BTC) loans of up to $1 million, the firm said in an announcement shared with Cointelegraph on March 18.The new lending product is designed for long-term Bitcoin
Bitcoin’s (BTC) price failed another attempt at breaking above resistance at $85,000 on March 17. Since March 12, BTC price formed daily candle highs between $84,000 and $85,200, but has been unable to close above $84,600.Bitcoin 1-hour chart. Source: Cointelegraph/TradingViewBitcoin remains in “no man’s land” on the lower time frame (LTF) of the 1-hour chart...
2024 has emerged as a monumental year for crypto perpetual trading, marked by both centralized exchanges (CEXs) and decentralized exchanges (DEXs) breaking through to achieve truly staggering volumes. What accounts for this surge? A combination of seemingly inexhaustible market demand, technological development, and the relentless evolution of the crypto trading space...
With the uncertainty and volatility seen in the cryptocurrency market of late, many investors watch key indicators with bated breath. Those indicators might tell us whether the market has hit its zenith or if it can still climb higher. One clear signal this time around, though...
The well-known cryptocurrency inspired by memes, Dogecoin ($DOGE), has been experiencing a surge in on-chain activity of late. This has meant new attention from both traders and long-term investors. Santiment, a firm that tracks cryptocurrency metrics, reports that the number of daily active addresses on the Dogecoin network has surged by an eye-catching 400% to
In a daring step to cement its status in the energy and cryptocurrency arenas, Coinbase Derivatives has asked the Commodity Futures Trading Commission (CFTC) to let it self-certify two new futures products. The first, Natural Gas (NGS) futures, reflects the kind of innovative trading opportunity that appears to be in ever-increasing demand...
Strategy, previously known as MicroStrategy, has increased its Bitcoin reserves with a fresh acquisition of 130 BTC. According to a March 17 filing with the US Securities and Exchange Commission (SEC), the company spent $10.7 million on this purchase and secured the assets at an average price of $82,981 per coin between March 10 and
Investment in crypto exchange-traded products (ETPs) took a heavy hit last week, with outflows reaching $1.7 billion, according to the latest CoinShares report. This marks the fifth consecutive week of capital flight, bringing total outflows to $6.4 billion—an all-time high. As a result, year-to-date inflows for the sector have now dropped to $912 million...
At the moment, Bitcoin trades near critical support, around $83,000, amid investor caution. The asset repeatedly tested resistance levels at the top of a historical price channel. According to Glassnode data cited by Nic Puckrin, CEO of CoinBureau, Bitcoin supply remains notably thin between $70,000 and $80,000...