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Square Announces Its Purchase of 4,709 Bitcoins for $50 Million

Square Announces Its Purchase of 4,709 Bitcoins for $50 Million

Square, with Jack Dorsey as the CEO, announces it has purchased 4,709 bitcoins for $50 million.

Chinese Bitcoin Mining Giant Canaan Files for $400m US IPO

Chinese Bitcoin Mining Giant Canaan Files for $400m US IPO

One of China’s largest bitcoin mining hardware makers, Canaan Creative, publicly filed for a U.S. IPO on Monday, The Block Reports.

Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High

Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High

Bloomberg predicted in its recent report that Bitcoin’s price in 2020 could reach double of last year’s high of $14,000. It further suggested that adoption is the primary Bitcoin metric, and Bloomberg takes a positive outlook on this end. Bitcoin’s price has seen a 60% decline in 2014, and at the end of 2016, Bitcoin matched the peak in 2013. If Bitcoin chooses to follow the same trend as 2016, with a 75% decline in 2018, Bitcoin is headed towards $20,000, according to Bloomberg.

Reebonz Tracks Provenance of its Luxury Products Using a Vechain-Powered Digital Certificate

Reebonz Tracks Provenance of its Luxury Products Using a Vechain-Powered Digital Certificate

Reebonz, the biggest luxury e-commerce company in Asia Pacific and Southeast Asia, has incorporated blockchain technology into its ecosystem to determine the provenance of its products.

MicroStrategy CEO Michael Saylor From BTC Skeptic to Bitcoin Maximalism

MicroStrategy CEO Michael Saylor From BTC Skeptic to Bitcoin Maximalism

MicroStrategy's CEO Michael Saylor went from cryptocurrency skeptic to Bitcoin bull in just seven years, but his eyes are for Bitcoin and Bitcoin only.

Coinbase Going Public via Direct Listing on Nasdaq to be Expected as SEC Publishes Registration Statement

Coinbase Going Public via Direct Listing on Nasdaq to be Expected as SEC Publishes Registration Statement

Coinbase cryptocurrency exchange is officially going to be listed on NASDAQ as a publicly-traded company.

Senate Rejects Second Stimulus, Markets Plunge and Bitcoin Price Predicted to Crash to $8,000 in September

Senate Rejects Second Stimulus, Markets Plunge and Bitcoin Price Predicted to Crash to $8,000 in September

Our analysis predicts that the Bitcoin price could crash down to $8,000 following the rejection of the United States' second stimulus by Senate Democrats.

Bitcoin Suffers Mild Drop but Analyst Who Predicted Decoupling Expects BTC Price to See Bullish Uptrend

Bitcoin Suffers Mild Drop but Analyst Who Predicted Decoupling Expects BTC Price to See Bullish Uptrend

After almost two weeks of a steady uptrend, Bitcoin (BTC) is now trading over 4 percent lower from its high in 2020. What's next for BTC?

Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared

Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared

What it the correlation between crypto and the stock market? We analyze Nasdaq, Dow, Apple, Tesla, Microsoft, Bitcoin, Ethereum. Unlimited QE is the most important factor.

Bitcoin Price to Surge Above $11K or to Drop Below $10K? Factors that Could Affect BTC's Next Move

Bitcoin Price to Surge Above $11K or to Drop Below $10K? Factors that Could Affect BTC's Next Move

Bitcoin surged to its daily high of $10,930 and abruptly corrected after it hit the 30-day moving average, which has been a strong resistance level since Aug. 25.

April 29: Don't Fight the Fed for Now

April 29: Don't Fight the Fed for Now

With today's spotlight on FOMC and a few large tech (FB, Microsoft) earnings, I suspect risk assets to trade well into, and may potentially sell after "the fact".

Jun 10: Who says only Irrational Investors trade Bitcoin?

Jun 10: Who says only Irrational Investors trade Bitcoin?

FOMC tonight with consensus heading rather dovish. For example MS expects Fed to switch to a monthly program of Treasury QE at $80bn per month with a dovish bias in projections. Of course, Powell isn't going to offer much clarity in explicit forward guidance. With Nasdaq crossing 10k momentarily last night (just 2 minutes), the market is starting to get excited. Nikola, a electric truck company with 0 earnings, has more than doubled in share price from last week, is now actually worth close to $30 billion (more than Twitter?).

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