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MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars
MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars
News  -  Bitcoin  -  Feb 16, 2021 by Nick Chong

On Tuesday, MicroStrategy revealed its intent to raise $600 million through a new offering of convertible senior notes to buy more bitcoin.  Just one day later, the firm is already upsizing the size of the round to $900 million. In an announcement early Wednesday morning, the business services company wrote

Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund
Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund
News  -  Bitcoin  -  Feb 12, 2021 by Nick Chong

According to a tweet from Jack Dorsey published on Friday, the Twitter CEO and artist Jay-Z will be giving 500 bitcoin to an endowment to fund Bitcoin development. 500 bitcoin is currently worth around $24 million, according to BTCTimes Bitcoin pricing data.  The fund, called Btrust, will be focused on

BlackRock CIO on Bitcoin: "We've Started to Dabble in It"
BlackRock CIO on Bitcoin: "We've Started to Dabble in It"

The world's largest asset manager has "started to dabble in" Bitcoin. Only in January, a twin filing with the SEC issued by $7 trillion behemoth BlackRock made waves in the Bitcoin space as the firm wrote some of its funds "may engage in futures contracts

News  -  Business  -  Feb 16, 2021
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BlackRock CIO on Bitcoin: "We've Started to Dabble in It"
BlackRock CIO on Bitcoin: "We've Started to Dabble in It"

The world's largest asset manager has "started to dabble in" Bitcoin. Only in January, a twin filing with the SEC issued by $7 trillion behemoth BlackRock made waves in the Bitcoin space as the firm wrote some of its funds "may engage in futures contracts

News  -  Business  -  Feb 16, 2021
MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars
MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars

On Tuesday, MicroStrategy revealed its intent to raise $600 million through a new offering of convertible senior notes to buy more bitcoin.  Just one day later, the firm is already upsizing the size of the round to $900 million. In an announcement early Wednesday morning, the business services company wrote

News  -  Bitcoin  -  Feb 16, 2021
Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund
Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund

According to a tweet from Jack Dorsey published on Friday, the Twitter CEO and artist Jay-Z will be giving 500 bitcoin to an endowment to fund Bitcoin development. 500 bitcoin is currently worth around $24 million, according to BTCTimes Bitcoin pricing data.  The fund, called Btrust, will be focused on

News  -  Bitcoin  -  Feb 12, 2021
Deutsche Bank Plans to Launch a Digital Asset Custody Platform for Institutional Clients
Deutsche Bank Plans to Launch a Digital Asset Custody Platform for Institutional Clients

Deutsche Bank is planning to present its minimum viable product (MVP) for a digital asset custody platform aimed at institutional clients this year, according to a report by the World Economic Forum. The report itself was published in December of 2020, but initially received little attention. Alongside information on Bitcoin,

News  -  Business  -  Feb 12, 2021
Canadian Regulator Approves North America's First Bitcoin ETF
Canadian Regulator Approves North America's First Bitcoin ETF

The Ontario Securities Commission (OSC) approved what has been acclaimed as the first Bitcoin exchange-traded fund (ETF) in North America. A document published on official local public security documents repository Sedar reveals that the OSC approved the Purpose Bitcoin ETF for British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova

News  -  Bitcoin  -  Feb 11, 2021
BNY Mellon Reveals Plans to Enter the Bitcoin Space
BNY Mellon Reveals Plans to Enter the Bitcoin Space

One of the world's largest banks, Bank of New York Mellon Corporation (BNY Mellon), is entering the cryptocurrency space as a growing number of Wall Street institutions signals its interest in Bitcoin.  According to The Wall Street Journal, the firm said on Thursday that it will custody bitcoin

News  -  Bitcoin  -  Feb 11, 2021
Bank of Canada: Bitcoin Is "Deeply Flawed" As Payment Method - "Except for Illicit Transactions"
Bank of Canada: Bitcoin Is "Deeply Flawed" As Payment Method - "Except for Illicit Transactions"

While a "digital loonie" is potentially on the horizon for Canada's central bank, Bitcoin very much is not, according to Bank of Canada's Deputy Governor Timothy Lane. In a speech delivered on February 10th, Lane addressed the concept of a central bank digital currency

News  -  Economy  -  Feb 10, 2021
Uber Won't Buy Bitcoin, But May Accept It As Payment
Uber Won't Buy Bitcoin, But May Accept It As Payment

Ridesharing market leader Uber may accept cryptocurrency payments, but does not intend to buy bitcoin with corporate money to hold in its treasury like electric vehicle manufacturer Tesla has. Uber CEO Dara Khosrowshahi said during an interview with CNBC on February 11th that the firm "quickly dismissed" the

News  -  Bitcoin  -  Feb 10, 2021
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