Cryptocurrency Analysis and News Portal
This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions and the company may go public with an initial public offering (IPO) in 2023. The cryptocurrency firm is one of the oldest in the industry and Kgil explained that 76 million Blockchain.com wallets
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Coworking space giant WeWork is the latest company to announce plans to hold cryptocurrencies on its balance sheet.The SoftBank-owned commercial real estate firm announced its plans via a statement on Tuesday. WeWork’s crypto balance sheet will come from the company adopting cryptocurrencies as a payment method.According to the announcement, WeWork has
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Bitcoin price is taking its time consolidating around $50,000 but could be preparing for the next major leg up to around $77,000 per coin, according to what one trader calls a “cheat sheet” to the current crypto market bull run. The “cheat sheet” is a fractal from the past that is
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Bitcoin’s march onto corporate balance sheets could be hampered by the crypto’s legendary volatility, according to a survey by Gartner released Tuesday that found only 5% of business executives intended to invest in bitcoin as a corporate asset this year. Source
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The rideshare company will look into cryptocurrencies including bitcoin as a potential form of payment. Source
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Digital assets, in one form or another, are making their way into big business. The headline-grabbing version of this is straight-up BTC on the balance sheet, a renegade charge being led by MicroStrategy (MSYTR) CEO Michael Saylor, who is known for warning corporates that capital in fiat is being debased.Saylor’s MicroStrategy
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Quick take:Anthony Pompliano sees Tesla and SpaceX adding Bitcoin to their balance sheetThis comes after Elon Musk changed his Twitter bio to simply read ‘Bitcoin’Bitcoin has since rallied from the $32k price area to around $38kBack in late December, Michael Saylor had suggested that Elon convert Tesla’s balance sheet to
Read MoreIn a surprise move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth roughly $50 million at time of publication. The company’s co-founder Jack Dorsey has been a long-term proponent of Bitcoin and crypto, while the company’s CashApp allows its users to invest in Bitcoin.This news comes months after another
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The U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion, that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to $6.97 trillion (-1.5%) in the week ending July 8, having hit a record high of $7.16 trillion in early June, according to
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