Its never a boring day in cryptocurrency world and the day was filled with bullish news from all across globe. Here is a round up of today’s major cryptocurrency news and headlines which you should not miss. The major headlines are:
MicroStrategy CEO announced that company will use the proceedings nearing $635 Million from recent senior convertible note sale to purchase Bitcoin. This takes the overall bitcoin investment figure to $1 billion. Currently company owns 40, 824 Bitcoin valued around $790 Million at the time of reporting.
In a recent tweet MicroStrategy CEO slashed the accusations of MicroStrategy dealing in securities and said that SEC has not called BTC a security and hence, we are not buying securities.
In an interesting event today, large amount of Tether ~$200 Million were minted at Tether treasury and was followed by bullish signals in Bitcoin community. Generally, minting of new Tether Coins is considered a bull signal and is followed by rapid crypto buying. With ongoing bitcoin buying spree by large multinational companies like MicroStrategy and Grayscale already owning around 2.8% of total Bitcoin supply many traders believe it is only a matter of time for BTC to cross $20k.
In another positive crypto news today, SBI financial group a subsidiary of Japanese Group SBI holdings Inc. acquired UK based cryptocurrency trading exchange B2C2. The current CEO and president of SBI holdings Yoshitaka Kitao said,
Their (B2C2’s) vision, expertise and offering complement SBI’s, and we look forward to working in partnership as we expand our footprint across the global markets.
This acquisition makes SBI financial group the first major financial group to run a digital asset dealing desk and signals rising FOMO among major financial groups across globe to enter cryptocurrency market.
VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…
Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…
Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…
FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…
JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…
Derivatives exchange CME Group has announced plans to begin offering 247/7 crypto futures and options…