Category Archive: Cryptocurrency, No picture
Tesla Breathes New Life Into Bitcoin Bull Run
Key Takeaways Elon Musk stole the crypto spotlight after announcing that Tesla’s customers can now make purchases using Bitcoin. Market participants seem to have reacted positively to the news as BTC gained over $2,000 in market value. According to a prominent technical analyst, the cryptocurrency’s utility will play a vital role in its march to […]
FTX Will Likely Get Naming Rights to Miama Heat Arena
Key Takeaways FTX will likely gain naming rights to the Miami Heats’ home stadium in a $135 million deal, following a vote on Friday. The naming rights are currently owned by AmericanAirlines. Basketball and cryptocurrency have recently intersected in numerous ways thanks to the NBA and its teams. This news was brought to you by […]
$5.5 Billion Worth of Bitcoin Options Expire on Friday
Key Takeaways Bitcoin call options worth $2.6 billion and put options worth $2.8 billion will expire on Friday, March 26. A large Open Interest volume threatens to push this value to the maximum pain price at the time of expiration. The long-term strategy of institutional investors and fresh buying pressure could limit the size of […]
Coinbase to List ANKR, CRV, and STORJ
Key Takeaways Coinbase Pro revealed it is preparing to list Ankr, Curve DAO Token, and Storj on its retail platform on Mar. 25. The announcement has seen a significant number of investors rush to exchanges to get a piece of these cryptos. These altcoins have risen more than 40% in the last few hours and […]
CryptoTrader.Tax Review: A Guide to Calculating Crypto Taxes
Key Takeaways Crypto users could be liable for taxes, depending on their activity. CryptoTrader.Tax’s service aggregates users’ trades and other crypto activities on one dashboard. The product simplifies the process of calculating tax liabilities each year. The tax year’s filing deadline is approaching, which means many crypto users will need to submit their returns. While […]
Crypto Exchange Abra Launches Fiat Loan Feature
Key Takeaways Abra has launched a loan feature called Abra Borrow. Customers can now borrow U.S. dollars by providing crypto as collateral. No credit approval is required to borrow. This news was brought to you by Phemex, our preferred Derivatives Partner. The new feature lets customers take out a loan by providing crypto as collateral. […]
Jack Dorsey’s Tokenized Tweet Has Sold for $2.9 Million
Key Takeaways Twitter CEO Jack Dorsey has sold his first tweet as an NFT via the trading platform Valubles by Cent. It was sold to Bridge Oracle CEO Sina Esatavi for $2.9 million. Proceeds will be turned into Bitcoin and donated to charity via GiveDirectly to support its Africa relief efforts. Twitter founder and CEO […]
Mining group from China buys Russian crypto fund
Having proved its viability in the crisis market, ICBF has attracted investment capital from the PRC for development. Having seized leading positions in mining, China, which currently controls over 70% of the world’s bitcoin hash rate, is ready to take the next step in the development of the crypto market: TianPool, the largest mining group, […]
