Bitcoin News

MicroStrategy Raises $400m
Michael Saylor’s MicroStrategy Raises $400m Debt to Buy BTC

MicroStrategy offered $400 million of senior secured notes to all qualified institutional investors  The senior secured notes will be due in 2028 and all the proceeds from the transaction will be used to buy Bitcoin. MicroStrategy, a firm headed by its CEO Michael Saylor is borrowing $400 million to buy Bitcoin. Specifically, MicroStrategy is offering $400 million of senior secured notes to all qualified institutional investors. These notes will be due in 2028 and all the proceeds from the transaction will be used to buy Bitcoin. Saylor explained: We say bitcoin is hope. Bitcoin fixes everything…that certainly was the case

2 mins read
El-Salvador-Adds-Bitcoin
El Salvador Adds Bitcoin as Legal Tender, Paraguay, Panama to Follow

El Salvador has recently become the first country in the world to recognize Bitcoin as legal tender. Other countries in the Central and South American continent such as Paraguay and Panama may follow suit. Despite massive FUD and sell-off, the recent bullish news may have helped Bitcoin to stabilize in price. El Salvador has become the most recent country in the world to recognize Bitcoin as legal tender. The news was announced through a recorded message by the Central American country’s president Nayib Bukele during the Bitcoin Conference in Miami. Specifically, President Bukele said he will submit proposed legislation for

2 mins read
Bitcoin-Funded-Indy-500-Car.
First Bitcoin-Funded Indy 500 Car Makes Historic Race

A race car fully funded by Bitcoin made its debut at the popular Indianapolis 500 on May 30. This car, appropriately named Bitcoin, will be one of the 33 cars that will take the green at the 105th edition of the highly anticipated racing event. The Bitcoin car, driven by Russian Rinus VeeKay, will be under Ed Carpenter Racing, which has been participating in the IndyCar Series since 2012. According to a tweet, Ed Carpenter, the Co-Founder of the said racing team, announced that the Bitcoin community made history with this milestone. The tweet spread like wildfire, as many in

2 mins read
Elon-Musk-Starting-to-Lose-His-Charm
Is Elon Musk Starting to Lose His Charm Among the Crypto Community?

Tesla CEO Elon Musk has earned a reputation within the crypto community as a person who can literally launch thousands upon thousands of transactions by a single tweet. However, his recent tweet about allegedly speaking with North American Bitcoin miners did not give the crypto its much-needed boost to leave the $30K trenches. After posting the above tweet, Bitcoin rose by about $2,000 from $36,000 to $38,000. But that was two days ago. At the time of writing, Bitcoin price is at $39,024.29, according to CoinGecko. Interestingly, compared to the past, Elon’s tweets would move the market way higher (or

2 mins read
Bitcoin to crash $30k
BTC Signals $30k Crash Anytime Soon, Bears Taking Over

Bitcoin (BTC) may crash below the $30k support level anytime soon. These rumors are spreading like wildfire in the crypto world lately due to a series of unfortunate events. As a result, people are now confused about whether they will continue holding or dumping their cryptocurrencies.  However, there are also crypto investors that have already lost a lot in the recent bearish market. One of them is Carl Martin, commonly known as The Moon on Twitter; as per Carl, he already lost millions but still believes in Bitcoin. Aside from Carl, there’s also other people in the crypto world that

2 mins read
MicroStrategy-Buys-More-Bitcoin
MicroStrategy Buys More Bitcoin Amid Crypto Dip

MicroStrategy has purchased 229 additional bitcoins for about $43,663 each. The firm now holds and manages 92,079 bitcoins. Bitcoin and major altcoins took a massive dip after Tesla CEO Elon Musk halted bitcoin payments for car purchases. Amid massive outrage in the crypto community in relation to Bitcoin’s recent falloff from the $50,000 mark, enterprise analytics firm MicroStrategy has purchased additional bitcoins. The firm bought an additional 229 bitcoins at an average price of $43,663 per BTC. According to a tweet by CEO Michael Saylor, they bought the bitcoins in cash at a total of $10 million. Currently, the firm

1 min read
Bitcoin-Dominance-Falls-Further.
Bitcoin Dominance Falls Further as BTC Price Struggles at $50K

Bitcoin dominance falls to 39.1%, while BTC price struggles to hold its $50K position. The downtrend was due to Elon Musk’s tweet about Bitcoin mining. Other altcoins such as Ethereum, Dogecoin, and Cardano have made impressive comebacks. Bitcoin dominance continues its decline amid recent jabs that it received in the past days. Recently, Tesla CEO Elon Musk issued a tweet that brought the chief cryptocurrency to its heels. He replied to his tweet, saying that the energy usage trend during the past months is “insane”. As evident in the Bitcoin community, many were outraged by Elon’s tweets, especially since it

2 mins read
Bitcoin Is Gold 2.0: Invest in Ethereum, NFT, DeFi, Analyst Says

Bitcoin is the gold 2.0, according to crypto analyst Lark Davis. Analysts recommend holding and investing in digital assets such as Ethereum, NFT, DeFi, Commodities, and many more. Bitcoin is gold 2.0. This is the term that most people inside the crypto community say about Bitcoin. Interestingly, Bitcoin nowadays is almost recognized and acknowledged everywhere around the world. In addition, Bitcoin is much more accessible in terms of investing and payments than Gold. For this reason, the Bitcoin price continues to perform as the price of gold declines. This made the crypto enthusiast Lark Davis react in a tweet post:

1 min read
Caribbean-Island
This Small Caribbean Island Is Fully Enabling Bitcoin Adoption

The One Bequia project will construct a community that will fully enable bitcoin payments. Bequia is a Caribbean island belonging to the St. Vincent and the Grenadines. Bequia, a small island in the Caribbean archipelago of the St. Vincent and the Grenadines, has recently caught the attention of the crypto space, for a good reason. According to various news, it will become the world’s very first fully Bitcoin-enabled community. Specifically, the One Bequia project is developing a community that fully enables bitcoin payments for all purchases and services. The development will construct 39 luxury villas which can be bought through

1 min read
MicroStrategy-to-Buy-More-Bitcoins
MicroStrategy to Buy More Bitcoins After Q1 2021 Revenue

MicroStrategy announced that it will buy more bitcoins after an impressive Q1 2021 results. The firm revealed a gross profit increase of $100.4 million during the said time period. At the time of writing, BTC price is at $57,860.41. Cryptocurrency investment firm MicroStrategy announced its plan to buy more bitcoins after an impressive revenue in the first quarter of 2021. According to the press release, the firm raised more than $122.9 million, which is a 10.3% increase compared to the same quarter of last year. CEO Michael Saylor said that they have successfully raised an additional capital of over $1

1 min read
Bitcoin-Price.
Bitcoin Price Surges, Analyst Predicts 6-Digit BTC Price

Bitcoin is now back as it rallies its price to over $58K. Crypto analysts and crypto experts react over the price surge of Bitcoin. Bitcoin is now back on its feet as it continues to climb back to its uptrend position from its bearish dip in the past week. Today Bitcoin trades a decent price of over $56k with a 7-day growth rate of +7%. For this reason, crypto analysts and crypto experts cannot help forecasting the future of Bitcoin in the days to come. This made crypto enthusiast Lark Davis react: Indeed, this tweet made by Lark Davis about

2 mins read
Breast Cancer Firm Accepts BTC, SHIBA and DOGE, Joins the Giving Block
Bitcoin’s Rise Brings Hope to Altcoins as It Nearly Overtakes Silver

Bitcoin successfully breaks out to the bullish price of $53K. Bitcoin is just an inch away from overtaking silver’s market capitalization. Bitcoin, the king of cryptocurrencies, is now on the rise as it successfully returns to the bullish price of $53K. This current market position of Bitcoin made the crypto record a whopping 24-hour growth rate of +7.6%. As a result, most of the people in the crypto community are now rejoicing as the chief cryptocurrency is back on its feet once again. The rise of Bitcoin does not only bring joy to the investors around the world but is

2 mins read