Auto Added by WPeMatico

Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600.

Continue ReadingBitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

Inspired by MicroStrategy: CyberSec Firm Octagon Networks Converts its Balance Sheet Into Bitcoin

Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced…

Continue ReadingInspired by MicroStrategy: CyberSec Firm Octagon Networks Converts its Balance Sheet Into Bitcoin

Bitcoin Will Go Into the Millions, Predicts MicroStrategy’s Michael Saylor

The frantic price action in the cryptocurrency market does not seem to faze the uber-bullish billionaire CEO of tech firm MicroStrategy. Michael Saylor has yet another bold prediction for Bitcoin,…

Continue ReadingBitcoin Will Go Into the Millions, Predicts MicroStrategy’s Michael Saylor

Microstrategy CEO Expects Bitcoin to ‘Go Into the Millions’ Despite Crypto Market Sell-Off

Microstrategy’s CEO has predicted that bitcoin is “going to go into the millions” despite the recent cryptocurrency market sell-off. Noting that the cryptocurrency is the future of money, he said:…

Continue ReadingMicrostrategy CEO Expects Bitcoin to ‘Go Into the Millions’ Despite Crypto Market Sell-Off

New York digital media company the latest to add Bitcoin to balance sheet

Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its…

Continue ReadingNew York digital media company the latest to add Bitcoin to balance sheet