Why tech giants like Amazon may hesitate to adopt Bitcoin

December 13, 2024 Coin Telegraph

Big Tech has a great flow of cash on hand. Currency devaluation makes them lose purchasing power. Is Bitcoin a treasury solution to fight against inflation? Amazon is the next to decide.

Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates.

Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to adopt Bitcoin (BTC) as a solution. However, whether tech giants would see major benefits from this remains unclear.

NCPPR has been pushing the strategy at Microsoft and Amazon. In both cases, the think tank believes adopting Bitcoin into their treasury will protect the cash assets and shareholders’ value from inflation.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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:

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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).

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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 […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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.

bitcoin adoption

Share this video