Customers of the cryptocurrency derivatives platform FTX can now use PayPal to top up their trading accounts. FTX CEO Sam Bankman-Fried tweeted Tuesday that users can get "instant" payments to their accounts if they use the PayPal option. Most currencies are supported by the payments giant, and credit card payments can also be made through PayPal, Bankman-Fried said.
More on CoinDesk• 2021-03-02
Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as companies like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies. “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. bank’s global perspectives and solutions team wrote in a note Monday. “Bitcoin’s future is thus still uncertain, but developments in the near term are likely to prove decisive as the currency balances at the tipping point of mainstream acceptance or a speculative implosion.”
More on CNBC• 2021-03-01
Crypto exchange unicorn Coinbase's S-1 registration statement filing with the U.S. Securities and Exchange Commission -- a crucial step toward its bid for a direct stock listing on Nasdaq -- is now available to the public. The S-1 offers an unprecedented look at Coinbase's business, with the disclosures effectively serving as its pitch to investors. A confidential draft of the document was submitted to the SEC in mid-December. "Coinbase intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'COIN'," Coinbase said in a blog post Thursday.
More on The Block• 2021-02-28
MicroStrategy Inc.’s Michael Saylor says he will consider issuing more debt in order to help finance the company’s purchase of Bitcoin as part of its corporate strategy. “We’ve been pretty clear that we’ll consider equity and debt financings,” in order to buy more Bitcoin Saylor said at the Bloomberg Crypto Summit during an interview with Joe Weisenthal. “It makes sense to buy as much of that asset class as we can,” he said. Saylor, among the first chief executives to convert company cash to Bitcoin, began buying the digital asset last year. This week alone, MicroStrategy announced that it had acquired nearly 20,000 tokens for an average purchase of $52,765 per coin after issuing $1.05 billion in convertible bonds. The firm has now plowed approximately $2.2 billion into the world’s largest cryptocurrency and held an aggregate of approximately 90,531 Bitcoins as of Feb. 24.
More on Bloomberg• 2021-02-26
MicroStrategy announced Wednesday it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible debt. The Virginia-based enterprise software company said it paid an average price of $52,765 per bitcoin, including fees and other expenses. Its acquisition of approximately 19,452 bitcoins puts MicroStrategy’s total holdings of the digital token at 90,531.
More on CNBC• 2021-02-24
SEC commissioner Hester Peirce said Monday that federal regulators need to "provide both legal clarity and the freedom to experiment so that DeFi can compete with CeFi to offer investors financial services." Her comments came during a speech entitled "Atomic Trading" at a George Washington University Law School event focused on the digital economy and regulation. In what is perhaps a sign of the times, the published version of her remarks sported a pair of rocket-ship emojis.
More on The Block• 2021-02-24
Halving is an anti-inflation mechanism implemented, in the Bitcoin network. As the name suggests a reduction in the supply of new coins is cut by half (50%).
This causes BTC inflation to fall cyclically.
It takes place whenever 210,000 blocks have been mined which is roughly around once every 4 years.
Current mining rewards are 6.25 bitcoins.
Bitcoin: A Peer-to-Peer Electronic Cash System