MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal - A Bitcoin Channel One of the most bullish bitcoin (BTC) investors, US-based software company MicroStrategy, said it has no specific target for their BTC holdings as they plan to sell USD 1bn worth of their shares and use part of the proceeds to buy more bitcoin.
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Bitcoin price gained bullish momentum above the USD 38,500 resistance level. BTC even cleared USD 40,000 to move further into a positive zone. It is currently (04:30 UTC) consolidating gains and it might resume its upward move above USD 41,000. Besides, most major altcoins are slowly moving higher. ETH surpassed the USD 2,550 resistance and it is now facing hurdles near USD 2,650.
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A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill […]…
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Here’s the nitty-gritty on Taproot, a Bitcoin update that promises more privacy and lower transaction fees….
Continue reading on https://decrypt.co/70598/what-is-taproot-proposed-bitcoin-upgrade
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Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under $1,000 to El Salvador totaled $1.
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Secretive Telegram chats are one way to move dirty digital money. And the IRS is now paying close attention, according to special agent Chris Janczewski….
Continue reading on https://decrypt.co/73599/irs-bitcoin-trading-crypto-telegram-money-laundering
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The cloud software firm already has most of its treasury holdings in the alternative asset….
Continue reading on https://decrypt.co/73619/microstrategy-may-sell-1-billion-stock-buy-more-bitcoin
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On Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” However, there’s a big problem with this goal, as nobody knows exactly how to measure 50% clean energy usage let alone precisely where miners are geographically […]…
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The Central American Bank for Economic Integration will assist El Salvador with technical support….
Continue reading on https://decrypt.co/73567/el-salvador-bitcoin-adoption-central-american-bank-economic-integration
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Investments news MicroStrategy confirmed that it has raised USD 500m in order to buy more bitcoin (BTC). They would spend USD 488m of this sum on BTC. The company said that it now owns approximately BTC 92,079…
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