Monthly Archives: February 2021

$56.3K Bitcoin price and $1T market cap signal BTC is here to stay

Bitcoin price hit a new high at $56,368, cementing its status as one of the most valuable assets on the planet. As Bitcoin (BTC) price pushed above $55,300 in the morning trading session, its market cap surpassed $1 trillion for the first time on Feb. 19. The breakout continued throughout the day and within the past hour BTC price hit another all-time high at $56,368.  Now that Bitcoin has cemented its status as a trillion-dollar asset among the likes of Amazon, Apple and Google, legacy banks are […]

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Bitcoin’s market cap flipped Tencent on its way to $1 Trillion

You’re next, Google. At approximately $1 trillion, Bitcoin’s market cap has blown past Tencent, which holds a valuation of roughly $917.8 billion at time of publication, according to AssetDash rankings.    Crypto’s largest digital asset is now sixth on AssetDash’s list of top market cap companies across the globe. Google, officially known by its parent entity, Alphabet (GOOGL), holds the fifth spot with a market cap of approximately $1.4 trillion at time of publication. “After reaching a new all-time high price mark, bitcoin surpassed Chinese tech giant […]

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Why Investors Are So Excited About MicroStrategy’s Bitcoin Acquisition Plan

MicroStrategy has announced another convertible bond raise, this time priced at $900 million, in order to buy even more bitcoin. How does this compare to its last bond offering? And why isn’t it going to stop anytime soon? What’s A Convertible Note? First, a convertible bond or note starts as a bond, then “converts” to equity. The company pays lower interest rates because of this potential conversion. In other words, the company will pay for it later with an equity dilution. A company may choose this route […]

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Cointelegraph commemorates Bitcoin hitting $50K with an exclusive NFT

Celebrate this historic point in BTC’s history by treating yourself to one of our limited run of 50 NFT artworks. By now it probably hasn’t escaped your attention that earlier this week the original (and many would argue, still the best) cryptocurrency, Bitcoin, broke through the $50,000 price point for the first time in its history. Whether you are a newcomer to the party, or fondly remember mining BTC with a GPU rig a decade ago, it can’t help but feel like a pretty momentous occasion. It […]

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Data show bulls are in charge of this month’s $3.2B Bitcoin options expiry

Bitcoin’s rally above $56,000 shifted Friday’s options expiry entirely in favor of bulls After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion. While this number might seem unusually high, it makes sense that the figure would increase as Bitcoin’s market capitalization surpassed $1 trillion.  Deribit BTC options open interest in USD. Source: laevitas.ch Although Friday’s $3.2 billion expiry could negatively impact the market, these options are split among calls (neutral-to-bullish) and the more […]

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NEXT.Chain, the Next DeFi Powerhouse to Host Its Liquidity Sale Event From the 24th of February

PRESS RELEASE. While Ethereum has given way to a brave new world of decentralized financial applications that are completely permissionless, accessible and groundbreaking in many ways. However, it has done so on an experimental basis and with great costs. Ethereum provides a foundation on which these decentralized applications can be built upon but it is not ready for worldwide spread adoption. Simple transactions on the Ethereum network can cost upwards of $10 and interacting with smart contracts can even be several times more expensive. While Ethereum’s undeniable […]

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Paid in Bitcoin: NFL Offensive Tackle Russell Okung Considered the Highest Paid in the League

At the end of December, the Carolina Panthers offensive lineman, Russell Okung told the public he would be getting half of his 13 million-dollar salary paid in bitcoin. Moreover, Okung made the decision at the right time, as the National Football League (NFL) just capped the league’s salaries at $180 million. Looking at it from a different perspective, some people think that Okung is now the highest salaried NFL player today because of his decision to stack satoshis. Okung’s Bitcoin Salary Matches His Entire Annual Wage Thanks […]

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Explaining Bitcoin Addresses

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed Bitcoin addresses. Every Bitcoin user has probably at one point used Bitcoin addresses, but what are they, exactly? Van Wirdum and Provoost explained that Bitcoin addresses are not part of the Bitcoin protocol. Instead, they are conventions used by Bitcoin (wallet) software to communicate where coins must be spent to: either a public key (P2PK), a public key hash (P2PKH), a script […]

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Law Decoded: Bringing blockchain into securities markets, Feb. 12–19

But security tokens are not ready to take over the world quite yet. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Technology is by and large not the major barrier — though many in the industry have a decent bit of hubris about it. More important is that people, whenever their money is on the line, get mighty conservative. Which is not necessarily greedy or unreasonable, but it is why it was easier for lawmakers to […]

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Price analysis 2/19: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM

Bitcoin’s rally to a $1 trillion market cap could attract more buyers to the crypto sector and boost the price of several altcoins. Bitcoin (BTC) price finally reached a $1 trillion market capitalization on Feb.19, which is an important milestone because as BTC gains size, the digital asset will continue to attract new institutional investors who will consider allocating a portion to their portfolios. Glassnode data suggests that high-net-worth individuals are continuing to pump money into Bitcoin. The number of Bitcoin addresses holding more than $1 million worth […]

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