Ukraine CBDC Is Progressing During Wartime: Stellar CEO
Stablecoins appear to have done very well in an otherwise turbulent year for most mainstream cryptocurrencies. While most cryptocurrencies have rebounded from their deficits, stablecoins maintained their course throughout. Now, the question remains- Should investors continue to look at stablecoins for long-term gains? Well, it’s important to note that after years of presence in the market, the role of stablecoins has been regularly scrutinized. Coins such as Tether have a massive $80 billion market cap at press time. One of the...
Last week, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), explained why he believes that Bitcoin is the best store of value. On 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250...
After last week’s strong bounce back, the world’s largest cryptocurrency Bitcoin (BTC) is witnessing some selling pressure. As of press time, Bitcoin (BTC) is trading 2.4% down under $41,000 levels. The recent pullback comes as Bitcoin faces strong resistance at the $42,000 level. As per the latest report, more than $21 million worth of long liquidations has happened over the last hour. Almost $21 million in #Bitcoin Long Liquidations this last hour pic.twitter.com/8MxJpASejU — On-Chain College (@OnChainCollege) March 21,...
Bitcoin 2022 has created something of a BTC players’ dream team, with El Salvador President Nayib Bukele and Virginia-based businessman Michael Saylor leading an industry A-list of global business, political, and thought leaders speaking this upcoming April in the sunshine state. Both men have been closely followed for their vocal support and advocacy of Bitcoin, even to the use of their respective treasury and company balance sheets Nayib Bukele has become an identified global leader in the fight for BTC...
Stock-to-flow (S2F) model created by analyst PlanB had helped crypto investors make a more structured decision when betting on cryptocurrencies, considering the volatility in the crypto space. The model has historically correlated with the Bitcoin (BTC) price which makes it popular for predicting price based on its value in a period of time. With some people thinking the S2F is dead, PlanB announced in a tweet on Wednesday that BTC price is currently 60% below the stock-to-flow model. Also, as...
Bitcoin is still in what some refer to as the ‘early innings’ meaning that the value of the digital asset is far from where they believe it will be in the future. This has birthed some rather optimistic predictions for the digital asset. The latest of these predictions has come from BitMex co-founder Arthur Hayes who sees the pioneer cryptocurrency reaching as high as $1 million.