February 2021 / 90 posts found

Tesla fell 25% and Elon Musk lost more than $ 15 billion in one day because of Bitcoin?

by crypto journalist
February 24, 2021 3 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. On Monday, Elon Musk lost his position as the world’s richest person , after losing more than $ 15 billion of his net worth in a single day. This after Tesla shares plunged more than 10% after investing 1.5 billion dollars in Bitcoin (BTC) . With the recent drop, Tesla racks up losses by 25% in just one week, according to Forbes data. Thus, the electric car company has lost about $ 215 billion in market […]

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

by crypto journalist
Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting lows of $47,400. After reversing at all-time highs of $58,312 on Sunday, Bitcoin fell almost $7,000 in under an hour, sparking intense volatility, which continued at the time of writing. “Almost a $7,000 hourly candle. That has to be by far the largest hourly move in history,” analyst Scott Melker reacted. Earlier, […]

177-Year-Old Swiss Bank Adds Bitcoin, Ethereum Trading – Decrypt

by crypto journalist
In brief Bordier & Cie SCmA, a Swiss bank that was founded in 1844, has added cryptocurrency trading to its list of services, according to a published today. “We have seen increasing demand from our clients to diversify into alternative asset classes such as digital assets,” said Bordier’s managing partner Evrard Bordier. The new service allows Bordier’s clients to buy, hold and trade cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Tezos. The firm plans to expand the number of coins it offers in the future. Banking platform Sygnum Bank is providing the infrastructure management that will custody the private keys […]

State Bank of India joins JPMorgan’s blockchain payments network

by crypto journalist
The State Bank of India, or SBI, a major Indian government-owned bank, is looking to improve cross-border payments with a blockchain solution by American investment bank JPMorgan Chase. According to a Feb. 23 report by The Economic Times, the SBI has joined Liink, a new blockchain-based interbank data network developed by JPMorgan. By integrating the technology, the bank expects to reduce transaction costs and improve cross-border payments for its customers. SBI deputy managing director Venkat Nageswar said that the bank has already gone live on Liink. “We are excited to be the first bank in India to go live on […]

The US SEC Revokes Registration of Long Blockchain Corp’s Securities

by crypto journalist
The U.S. Securities and Exchange Commission (SEC) says it has revoked the registered securities of Long Blockchain Corp (LBCC) after the company failed to file annual reports since Dec. 31, 2017. In addition, the SEC says LBCC, which made the switch from soft drink production to activities related to blockchain technology in December 2017, is also “delinquent in filing quarterly reports.” Non-Existent Blockchain Business In a document that reveals the proceedings against LBCC, the SEC, which cites the Securities Exchange Act of 1934, says its decision (to revoke securities) is intended to protect investors. The SEC adds that an investigation […]

Michael Saylor Predicts Massive Investor Shift from Gold to Bitcoin After Buying Another $10M Worth of BTC

by crypto journalist
Michael Saylor, the ‘bitcoin slayer’ that needs no introduction, continues his attacks on everything non-bitcoin, this time unleashing his wrath on gold. In an interview with Andrew Henderson of Nomad Capitalist, a legal finance advisory, Saylor, condemning gold as a “dying asset” and “dead money,” offered his view of the future of investment: gold is out, bitcoin is in. To recap Saylor’s ascent to bitcoin supremacy, his firm Microstrategy made headlines for its relentless bitcoin shopping spree during 2020, in December alone. 2021 is no different, with Saylor announcing today another purchase of 295 bitcoins, bringing his total to 71,079. […]

Hong Kong Bitcoin “millionaire” arrested after literally making it rain cash on the street – shanghaiist

by crypto journalist
A man has been arrested in Hong Kong after making it rain cash on the street in an apparent cryptocurrency stunt. On Friday afternoon, residents of one of the city’s poorest neighborhoods in Sham Shui Po district looked up to see hundreds of 100-HKD banknotes falling from the sky. Videos from the scene show a cheering crowd scrambling to pick up as many of the bills as they can. In one video posted to the Facebook page Epoch Cryptocurrency, a man in a black hoodie is seen giving a speech to the camera before the money starts raining down, asking, “Does […]

Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

by crypto journalist
The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ and ethereum-based tokens” due to network congestion while underscoring that user funds were SAFU (Secure Asset Fund for Users). #Binance has temporarily suspended withdrawals of $ETH and Ethereum-based tokens due to high network congestion. Rest assured funds are #SAFU and we apologize for any inconvenience caused. Updates […]

Elon Musk Plays Down Sighting of Bitcoin ATM in Tesla Gigafactory – CoinDesk

by crypto journalist
While Elon Musk doesn’t seem sure, LibertyX claims it has installed three bitcoin ATMs at the Tesla Gigafactory in Nevada. This content was originally published here.

As Bitcoin Scrapes $10,000, an Investment Boom Like No Other

by crypto journalist
But each time the skeptics have come forward, investors have defied them and bought more Bitcoins at higher prices. On Sunday, more than $5 billion was traded on Bitcoin exchanges, according to the data site Coinmarketcap.com — a greater volume than what many American stock exchanges see on a normal day. Believers in the Bitcoin technology, which is backed by a new kind of computer network, have argued that what we are seeing is the formation of a new asset class that could join stocks, bonds and physical commodities in the investment portfolios of ordinary people. If this is a […]