MicroStrategy increases note sales to $2.6B for Bitcoin purchases

November 20, 2024 Coin Telegraph

Bitcoin

MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.

MicroStrategy said it has increased its upcoming note sale to $2.6 billion, signaling bullish expectations for Bitcoin’s potential to surpass the $100,000 mark.

MicroStrategy, the largest corporate Bitcoin (BTC) holder, is set to raise $2.6 billion from senior convertible notes at a 0% interest rate to buy more BTC.

The note sale was upsized from a previously announced offering of $1.75 billion aggregate principal amount of notes, the firm shared in a Nov. 20 statement.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin to have ‘crazy decade’ as global wealth managers dive in

October 11, 2024 Coin Telegraph

Bitcoin

Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference.

While some investors may see Bitcoin’s current prices as a peak for the asset, industry professionals say that the crypto asset will continue to surprise investors as more global wealth managers allocate funds to BTC.

In an interview with Cointelegraph managing editor Gareth Jenkinson, Pierre Rochard, the vice president of research at Riot Platforms, and Dylan LeClaire, the director of Bitcoin Strategy at Metaplanet, shared their thoughts on what lies ahead for Bitcoin (BTC).

Speaking to Cointelegraph at the Bitcoin Amsterdam 2024 conference, Rochard said there’s a misleading narrative that Bitcoin gains are in the past. The executive said that from a global wealth balance sheet perspective, Bitcoin adoption is “still less than 1%.” He explained:

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin ETF options expected by Q1 2025: Bloomberg analyst

October 9, 2024 Coin Telegraph

bitcoin adoption

Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless.

Options on Bitcoin (BTC) exchange-traded funds (ETFs) are likely to launch in the United States by the first quarter of 2025, according to James Seyffart, a Bloomberg Intelligence analyst.

“I think before the end of the year is possible for options, but more likely in Q1 2025,” Seyffart said during an Oct. 9 panel discussion at the Permissionless conference.

In September, the US Securities and Exchange Commission (SEC) authorized Nasdaq to list options tied to BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT).

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

61 New Bitcoin Addresses Holding 1,000 to 10,000 BTC Emerge in 2024

September 30, 2024 Bitcoin.com

Bitcoin Addresses

Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783. Bitcoin dolphins, sharks, and whales, those with between 100 to 10,000 BTC, made a noticeable splash, with 101 […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO

September 11, 2024 Coin Telegraph

Australian crypto market

Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated.

Millions of potenial Australian crypto investors are “sitting on the sidelines” until regulations around the market are clearer, says the head of a local crypto exchange.

Jason Titman, the CEO of Swyftx, told Cointelegraph that his firm predicts between two to six million Australians will enter crypto when “the dust has settled on regulation.”

A Swyftx survey found nearly a third of respondents would be more likely to buy crypto if it were regulated, while 41% said they didn’t trust crypto without regulation.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

El Salvador marks 3 years of Bitcoin adoption with $31M profit

September 7, 2024 Coin Telegraph

Bitcoin

Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.

Update Sept. 7, 12.48 pm UTC: This article has been updated to include quotes from Harshit Gangwar.

El Salvador is celebrating its Bitcoin anniversary, marking three years since the country adopted Bitcoin as legal tender.

El Salvador became the world’s first country to adopt Bitcoin (BTC) as legal tender three years ago, on Sept. 7, 2021, to promote financial inclusion, facilitate more efficient remittance payments and attract financial innovation.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Binance-backed Bitcoin DeFi protocol Zest launches yield-bearing BTCz token

September 5, 2024 Coin Telegraph

Binance

The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the world’s first blockchain network.

Binance Labs and Tim Draper-backed Zest Protocol have launched their new BTCz token in the latest development for Bitcoin-native decentralized finance (DeFi).

The new BTCz token will allow Bitcoin (BTC) holders to earn a staking yield on their Bitcoin through the Babylon Protocol.

The new Zest Protocol Bitcoin (BTCz) token could bring a significant increase in capital efficiency for the world’s first cryptocurrency, according to Tycho Onnasch, co-founder of the Zest Protocol.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

NYSE, Nasdaq withdraw 3 more requests for crypto ETF options rule changes

August 16, 2024 Coin Telegraph

bitcoin adoption

Activity keeps heating up around Bitcoin and Ethereum ETF options.

New York Stock Exchange (NYSE) American and Nasdaq International Securities Exchange (ISE) withdrew three more requests for rule changes related to listing options on Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs), according to regulatory filings submitted after market close on Aug. 14 and Aug. 15.

The withdrawals are the latest in a flurry of activity surrounding spot BTC and ETH ETF options in the United States. On Aug. 13, NYSE Arca withdrew another requested rule change intended to chart a path toward listing crypto ETF options.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Wen Lambo? Lamborghini answers with new Animoca Web3 partnership

August 8, 2024 Coin Telegraph

Animoca Brands

Increasingly more industries are adopting blockchain technology to grow their brand awareness, including luxury car makers.

Animoca Brands has partnered with luxury car maker Lamborghini to explore new Web3-based brand engagement initiatives, highlighting the expanding potential applications of blockchain technology.

The partnership will look to deliver unique Web-3-based digital experiences to Lamborghini’s fans and customers.

The partnership aims to position Lamborghini at the forefront of digital-asset-based customer experiences, according to an Aug. 8 announcement by Animoca brands.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050

July 29, 2024 Bitcoin.com

Bitcoin

Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are […]

bitcoin adoption

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