SynBiotic SE cites “legitimate concern” about a “massive devaluation of fiat money.” SynBiotic SE, a German cannabis company, has announced that it is following the lead of companies like MicroStrategy and Tesla in shifting part of its liquid cash holdings into Bitcoin (BTC). In a Feb. 16 update on its website, the company stated that […]
Microstrategy to Sell $600 Million Worth of Convertible Notes to Buy More Bitcoin
The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At […]
Litecoin Attempts to Redeem Charlie Lee’s ‘Original Sin’ as LTC Markets Gain Momentum
Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021. Litecoin is Riding the Bull Market to its Next Resistance Level Litecoin had a challenging start. In late 2017 its founder, Charlie Lee, allegedly sold his entire bag of LTC […]
Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused
Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations are continuing. The Exploit After the exploit, the value of […]
NYDIG Registers for a Bitcoin ETF, Morgan Stanley Named a Participant in SEC Filing
Just recently, during Microstrategy’s “Bitcoin for Corporations” event, Stone Ridge Asset Management and New York Digital Investment Group (NYDIG) founder, Ross Stevens, explained that he sees a “wall of money” entering the bitcoin space. A week later after that statement, NYDIG has revealed that the company has filed for a bitcoin exchange-traded fund (ETF) and […]
Mexican Companies Are Willing to Join the Bitcoin Bandwagon in the Wake of Tesla’s Investment, Says Expert
Bitcoin-buying frenzy among major companies could hit Mexican firms soon, as interest keeps increasing across the country. An expert is expecting that local businesses will follow the same path as mainstream U.S.-based companies such as Tesla. Current Bitcoin Performance Could Make Companies Rethink Their Business Models During an interview with El Economista, Mauricio Hurtado, managing […]
Polkadot Lays Out Its Plans for Parachain Rollout as the Token’s Price Climbs
The price of Polkadot’s native token hit an all-time high (ATH) this week, soaring above $30, as the company laid out the next steps of its plans and the systems to finalize the network launch. Polkadot Roadmap Outlines Layer 0 Deployment Initiatives Polkadot released a roadmap highlighting that it is currently in its Rococo phase, […]
Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric
The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021, Ana de […]
The Man Behind Wallex and EURST
Simone Mazzuca is innovative in his style of management. Being the founder of Wallex and creator of the EURST, he is agile and motivated with a strong orientation to bridge traditional finance with the new digital world. He focuses his energies on management and advisory robustness that leads to the creation of borderless opportunities within […]
Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County
A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County. Crypto City Aims to Host 33 Million Square Feet of Commercial Space According to a report published by the […]