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

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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

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Elon-Musk-Catches-Cyber-Hackers-Attention
Elon Musk Crypto Memes Catches Cyber Hackers Attention

An unknown group of cyber hackers created a video message addressed to Elon Musk The hackers hated Elon for destroying crypto holders lives An unknown group of decentralized hackers created a video message addressed to Elon Musk, a Bitcoin investor and Tesla CEO. Specifically, the group called themselves Anonymous who hated Elon for destroying crypto holders’ lives with crypto memes.  Anonymous said:  “Reading from the comments on your Twitter posts, it seems that the games you have played with the crypto markets have destroyed lives. Millions of retail investors were really counting on their crypto gains to improve their lives.”

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Ethereum the Next Favorite-of-Elon
Is Ethereum the Next Favorite Cryptocurrency of Elon?

Is Ethereum the next crypto favorite of Elon Musk? Ethereum continues to be the second biggest crypto next to Bitcoin Is Ethereum the next crypto favorite of one of the richest men in the world and Bitcoin investor Elon Musk? These rumors spread like wildfire in the crypto world after Elon tweeted about Ethereum. Truly, for some reason, we all know that most of Elon’s tweets create an impact in the crypto world. Meanwhile, this tweet that Elon posted gathered a lot of opinions across the crypto community. As a result, there were people that agree, some disagree and others

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Dogecoin Partners With Coinbase
Dogecoin Partners With Coinbase Pro Exchange

Dogecoin is now available at Coinbase Pro. Coinbase Pro opens its DOGE trading on June 3, 9AM Pacific Standard Time (PST). Dogecoin (DOGE) is now available at Coinbase Pro decentralized exchange. Specifically, Coinbase Pro opens its doors to DOGE deposits on June 1. As a result, traders can deposit their DOGE crypto ahead of its trading time on June 3, 9 AM Pacific Time (PT). Clearly, this piece of great news brings joy to the global DOGE community, especially in the U.S. Coinbase Pro team explains:  “Starting immediately, we will begin accepting inbound transfers of DOGE to Coinbase Pro. Trading

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Uniswap Partnership
Uniswap Partners With Top Esports Brand Team Secret

Uniswap Labs has recently partnered with professional esports brand Team Secret. Through the partnership, Team Secret will develop exclusive content on the Uniswap protocol. The team is also considering to use cryptocurrency as part of its company’s balance sheet. Decentralized exchange Uniswap has partnered with Team Secret, a professional esports team. According to an official announcement by the team, this will become a long-term collaboration. This marks the first time that a decentralized finance (DeFi) protocol has extended its reach into the esports industry. Through the partnership, Uniswap will enable Team Secret to develop exclusive content and other esports activations

1 min read
Next Crypto Bull Run in July, August, Says Justin Sun

In an interview with Bloomberg, TRON Founder Justin Sun said that the crypto bull run is not yet over this 2021. According to Sun, June will be an adjustment period for the market, while the bull run will begin in July or August. He cited that USDT on TRON has reached about $13 billion in volume. TRON Founder Justin Sun recently graced Bloomberg in an interview, discussing the cryptocurrency market’s possible outlook in the next coming months. According to him, the crypto bull run is not yet over this 2021. As per Sun, the crypto market will have an adjustment

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Bitcoin and Altcoins Not Banned in India, RBI Says

India is not banning cryptocurrencies RBI provides clarification regarding its RBI’s 2018 order Bitcoin and other cryptocurrencies are not banned in the country of India. This announcement was made clear by the Reserve Bank of India (RBI) recently. Specifically, the RBI states the financial institution must not use the RBI’s 2018 order to halt crypto bank transactions. As a result, the crypto community in the country rejoices as they welcome this piece of great news. RBI explains: “It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies

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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

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Crypto-Winter
Bitcoin and Altcoin Crash: Is it Crypto Winter Already?

Bitcoin continues to move between the support level of $32k and $40k ETH, ADA, XRP and DOT suffered a decline rate from -5% to almost -20% Bitcoin continue to dance between the support level of $32k and $40k as its resistance in the past 7 days. This bearish swing of Bitcoin was felt at every corner of the crypto market. As a result, several altcoins such as ETH, ADA, XRP, and DOT, to name some, suffered a decline rate from -5% to almost -20%. For this reason, the people in the crypto community are wondering if we are already entering

1 min read
Binance-Psychological-Chart
Binance Psychological Chart: What Level Are You Now?

The crypto world continues to perform wild market swings that raise tension inside the crypto market. Binance psychological chart measures the emotional level of the traders inside the crypto market. The crypto world continues to perform wild market swings that could make traders and investors go crazy. As a result, the emotional level inside the crypto space is at its peak nowadays. For this reason, Binance created a chart that determines the emotional position of traders and investors in the crypto market. Source: Binance Twitter In the chart above, we can see various types of emotions based on the price

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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