MacroStrategy LLC has received a bumper loan from Silvergate Bank. The terms provide the company with $205 million earmarked for a massive bitcoin purchase. Also, MacroStrategy’s loan is collateralized by Bitcoin held by the firm’s parent company – MicroStrategy. According to a press statement released on Tuesday (March 29, 2022), MacroStragegy has secured a $205 …
Continue reading “Michael Saylor’s MacroStrategy Secures $205 Million Loan to Buy More Bitcoin”
Crypto.com and Bybit announced plans to set up offices in Dubai at the World Government Summit on March 28th. The two companies collectively boast roughly 15 million users and billions in trading volume processed. Crypto.com and Bybit have been marketing aggressively in recent months and are now following it up with expansion across the globe. …
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Famous US rapper and philanthropist Akon’s crypto project Akoin has partnered with Fireblocks to create a more secure wallet for a pan-Africa user base. Akoin will integrate Fireblocks’ MPC wallet technology to improve its wallet’s security and custody capabilities in preparation for mass adoption. The enhanced multi-layer security is created by combining MPC-CMP with hardware …
Binance, the world’s leading cryptocurrency exchange by trading volumes, has launched a new iteration of its blockchain interoperability service, dubbed Bridge 2.0, that allows users to access both decentralized (DeFi) and centralized (CeFi) finance systems directly from the platform’s app. According to a press release shared with CryptoSlate today, Bridge 2.0 enables customers to “quickly …
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A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshore accounts. A recently published document, titled “General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals,” explains that Section 6038D of the Internal Revenue Code …
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Strange things are common in the crypto scene, and the most recent is the sale of a Bored Ape NFT for far below its floor price. The holder of Bored Ape #835 recently sold it for 115 DAI, which amounts to $115 since DAI is a stablecoin pegged to the dollar. The sale has led …
Continue reading “A Bored Ape and Mutant Ape NFT was sold for less than $150 combined”
Following Ross Ulbricht’s non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the “Growth Collection.” According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8. Ross Ulbricht Is …
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America. Foundry Becomes a …
Bitcoin briefly hit a high above $48,000 on Tuesday, as prices of the world’s largest cryptocurrency rose for an eighth straight day. ETH was also trading higher during the session, with prices nearing their highest since January 5. Bitcoin Bitcoin reached the $48,000 level today, as the world’s largest cryptocurrency climbed higher for an eighth …
Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America (Latam). The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase …
A South African museum, Liliesleaf Museum Heritage Site, recently raised $130,000 via the auction of a non-fungible token (NFT) created from an arrest warrant issued against Nelson Mandela in 1962. Proceeds From NFT Sale to Fund Museum Activities A non-fungible token (NFT) minted from the former South African President Nelson Mandela’s warrant of arrest was …
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The Senate Finance Committee Chairman Senator Ron Wyden is looking into the activities of crypto firms that are taking advantage of tax breaks provided by the Opportunity Zone program. The senator is worried that a “lack of safeguards and transparency measures” in the Opportunity Zone program could be exploited by the crypto companies. He raised these concerns …
Several crypto companies could be forced to exit the U.K. if they could not meet the registration deadline set by the Financial Conduct Authority (FCA). From March 31, companies operating crypto services in Britain must be registered with the regulator or face being ousted from the country. The FCA oversees how digital firms deal with money laundering …
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A mysterious Bitcoin wallet is accumulating more than $1.33 billion worth of BTC over the last two months, leading crypto sleuths to believe that Terra (LUNA) is the entity behind the address. The wallet is now the 32nd-richest BTC address in the world, holding nearly 27,785 Bitcoin, according to BitInfoCharts. Rumors are swirling that the …
A popular crypto analyst who nailed the 2018 Bitcoin (BTC) bear market bottom says he expects Aave (AAVE) and two Ethereum (ETH) competitors to erupt. Pseudonymous trader Smart Contracter tells his 205,400 Twitter followers that it is a real possibility for decentralized finance (DeFi) lending and borrowing protocol Aave to print a new all-time high …
