Soon the Bitcoin Miami conference will kick off. This year we have a ton of very big personalities attending it. The likes of Micheal Saylor (who just bought $200M BTC today), Cathie Wood and Nayib Bukele the President himself. So it's obvious that by trying to have the best announcement there they will give us…
Read more
submitted by /u/NotRyanPoles [link] [comments]
Stackup, a smart crypto wallet created by a team of crypto evangelists and technology veterans, is now available in its alpha version. The wallet incorporates interoperability, bundled transactions, a social recovery mechanism, and gas-free USD-nominated transactions into an EIP-4337 standard wallet. From investing in Avalanche protocol and exchanging tokens at Uniswap to acquiring NFTs on…
Read more
Another day, another MicroStrategy bitcoin buy. The Michael Saylor-led company is relentless in its BTC accumulation strategy. In a similar position, the bitcoin mining giant Marathon Digital Holdings doubles down on its no-selling policy. Which is also a BTC accumulation strategy. Will these two giants go down in history as pioneers? Related Reading | Treasury Management Firm Says CFOs Avoid Risk, Bitcoin Won’t Become Corporate Vehicle These companies are adopting the Bitcoin Standard as a way of life. Let’s look at MicroStrategy and Marathon’s stats, where do these new acquisitions put them on the BTC leaderboard? And, how did the market react to both news? MicroStrategy, Even More Aggressive The man himself, Michael Saylor announced the acquisition via his very active Twitter: “MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per bitcoin. As of 4/4/22 MicroStrategy hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin.” MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI — Michael Saylor⚡️ (@saylor) April 5, 2022 To clarify, MacroStrategy is a MicroStrategy subsidiary. This seems to be the buy the company did with the $200M bitcoin-collateralized loan they took a week ago. Our sister site Bitcoinist explains and clarifies: “The company took the loan via MacroStrategy, a subsidiary created with the purpose of holding its parent company’s Bitcoin funds. As per the release, the $205 million loans were issued under the Silvergate Exchange Network (SEN) and its Leverage program and will mature on March 23, 2025. The SEN was launched in 2020, the release clarified, to address the demand for BTC collateralized loans.” Even though 129,218 BTC is a lot for just one entity, it’s beneficial to remember that those are not Michael Saylor’s coins. The treasury belongs to MicroStrategy, a public company owned by many. Still, they own almost triple what Tesla owns. And MicroStrategy keeps on buying. Many people talk about buying the dip. But when the dip comes, they panic and sell (as oppose to buy). This is how you do it.👍 https://t.co/VcAB6NeQoc — CZ 🔶 Binance (@cz_binance) April 5, 2022 Binance’s CEO Changpeng Zhao reacted to the news with high praise. “Many people talk about buying the dip. But when the dip comes, they panic and sell (as oppose to buy). This is how you do it,” he wrote. BTC price chart for 04/05/2022 on Kraken | Source: BTC/USD on TradingView.com Marathon, Even More “Hodling” In a recent press release, Marathon Digital Holdings announced very healthy-sounding numbers. The company “produced a record 1,258.6 self-mined bitcoin during Q1 2022, a 556% increase from 191.8 self-mined bitcoin in Q1 2021 and a 15% sequential increase from 1,098.2 self-mined bitcoin in Q4 2021.” Plus, in March alone, they “successfully deployed 1,320 miners.” About the increase, the company’s CEO Fred Thiel said: “In the first quarter of 2022, we increased our bitcoin production 15% from the prior quarter and produced a record 1,259 bitcoin even as the global hash rate rose by approximately 17%,” Where does that put them on the bitcoin leaderboard? Well, Marathon “increased total bitcoin holdings to approximately 9,373.6 BTC with a fair market value of approximately $427.7 million.” The company’s accumulation strategy began in October 2020, the last time Marathon sold bitcoin. Related Reading | Allied Payment Partners NYDIG, Adds Bitcoin To Corporate Treasury MicroStrategy, The Leaderboard, And The Market According to the Bitcoin Treasuries list, these acquisitions put both companies at the bookends of the Top 5. That is: MicroStrategy, 125,051 BTC Tesla Inc., 42,902 BTC Galaxy Digital Holdings, 16,400 BTC Voyager Digital LTD, 12,260 BTC Marathon Digital Holdings, 8,956 BTC Nevertheless, the market seems to have reacted negatively to the news. At 9 am, BTC traded in the $47K range. It dropped continually during the day and around noon it was trading in the $45.5K range. Is MicroStrategy to blame? Or was it just a coincidence? Featured Image by terimakasih0 on Pixabay | Charts by TradingView
submitted by /u/Theweebsgod [link] [comments]
The Crypto market has been fluctuating heavily in the past couple of weeks but with last week’s rally had finally landed into the greed territory. However, as the rally had slowed down and the inevitable market correction had begun, sentiment had begun to shift once again into the negative. This had caused the Fear & Greed Index to reverse out of the greed territory, finally ending in neutral. Now, the market remains at a standstill waiting for the next move. Crypto Fear & Greed Index In Neutral The crypto Fear & Greed Index helps map out how investors are feeling towards the market. Currently, it is neither good nor bad which has seen the index languishing in neutral territory. It is important to note that sentiment had driven far into greed as bitcoin had made its way to $47,000 but now, most of that positive sentiment seems to have washed away after bitcoin had made a slight decline that brought it back into the $46,000 region. Related Reading | Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? With bitcoin’s decline, the whole market had naturally taken a tumble along with it. This inevitably brought down the total market cap back into the low $2 trillion. Nevertheless, the market has begun to recover once more, which would explain why the index did not completely slip into the fear region. Last week, the index had finished in greed, a stark contrast to the extreme fear in which the index had closed the previous month. The current location of the index at a neutral 52 suggests that investors are not making any important moves in the market. Mostly, the buys and sells have been balancing out each other and investors are not moving either way at present. Related Reading | Bitcoin Exchange Outflows Suggest Rally May Only Be Starting This is easily understandable given that the market had mostly slowed to a crawl in terms of momentum. Top cryptocurrencies like Bitcoin and Ethereum continue to trend in the same region, struggling to make it above the next significant resistance points. While the rest of the market waits to follow what the market leaders do. However, since the majority of the market continues to trade in the green, the Fear & Greed is skewed towards greed despite being in the neutral territory. With what looks like another bounce-off point for the crypto market, the index may very well be back in greed before the week runs out. Market cap at $2.098 trillion | Source: Crypto Total Market Cap on TradingView.com Featured image from Stears Business, chart from TradingView.com
PRESS RELEASE. Known as a leader in cryptocurrency-mining hardware sales and logistics, Minerset has generated more than $300 million in distributing 120,000-plus crypto-mining devices to more than 200 investors worldwide. As a strong supporter and heavy investor in a cryptocurrency-mining ecosystem, Minerset is excited to announce that it has started constructing a mining facility in […]
submitted by /u/cryptobriefing [link] [comments]
Despite the global cryptocurrency market cap mainly consolidating on Tuesday, LUNA and CELO were some of the session’s biggest gainers. ZIL, on the other hand, continued to fall following recent highs, trading over 15% lower during today’s session. CELO ZIL fell for a fourth straight session on Tuesday, as prices continue to slip away from […]
Ledger Enterprise, the business division of crypto security company Ledger, a partnership with Blockware Solutions, a provider of crypto mining rig hardware procurement, mining rig colocation services (owned and operated by the firm), pool operation, staking, validator, and master node operations. With Blockware Solutions now signed as a Ledger Enterprise client, it will utilize the…
Read more
