Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for users, who only need to hold the USDT stablecoin in their wallets to move value using Celo’s network. Celo Passes Governance Proposal Enabling USDT as […]
Bitcoin News
Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC
Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities. 9 Authorized Participants for IBIT Blackrock, the world’s largest asset manager, filed an update to its Ishares Bitcoin […]
Bitcoin News
Coinme Adds 9,700+ Coinstar Bitcoin ATM Locations to Bitcoin.com as New Featured Partner
PRESS RELEASE. Coinme, a leading cryptocurrency cash exchange in the U.S., announced today the addition of over 9,700 physical Bitcoin ATM locations to the Bitcoin.com site and map finder. Coinme powers thousands of Coinstar Bitcoin ATMs across the country, where customers can turn cash into crypto in mere minutes. “We’re excited to now be discoverable […]
Bitcoin News
MicroStrategy Increases Bitcoin Bet With $822M Purchase, Adds 12,000 BTC To Treasury
As Bitcoin (BTC) continues its unprecedented uptrend, surging to a new all-time high (ATH) of ,300, software company MicroStrategy remains steadfast in its vision. It is reaping substantial rewards from its strategic investment in the largest cryptocurrency in the market.
MicroStrategy, led by renowned Bitcoin supporter and former CEO Michael Saylor, recently made a major acquisition, further solidifying its position in the digital asset market.
MicroStrategy Bitcoin Investment Pays Off
According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy acquired approximately 12,000 BTC between February 26, 2024, and March 10, 2024, for approximately 1.7 million in cash. The average purchase price per Bitcoin was ,400.
Additionally, MicroStrategy recently completed an offering of convertible senior notes due 2030, raising 0 million in funds. With this latest acquisition, MicroStrategy’s Bitcoin holdings now stand at a staggering 205,000 BTC, acquired for .9 billion.
MicroStrategy’s stock trades at ,557, representing a remarkable 9% gain within 24 hours. The company’s shares have demonstrated a sustained and continuous upward trajectory since February 26, coinciding with Bitcoin’s ,000 consolidation phase breakthrough.
Over two weeks, Bitcoin surged to its present trading price, establishing a notable correlation between the leading cryptocurrency and MicroStrategy. This correlation has further solidified the company’s strategy and contributed to its stock’s performance.
MicroStrategy’s strategic investment in Bitcoin has yielded remarkable results. The company now boasts a profit of .7 billion on its Bitcoin holdings, which translates to a remarkable return of 112% so far as Bitcoin breaks new all-time highs.
ETF Expert Astounded By Bitcoin ETF Success
The rapid rise of Bitcoin Exchange-Traded Funds (ETFs) has surpassed even the most optimistic projections. Bloomberg ETF expert Eric Balchunas highlighted the growth of these funds in a recent post on social media site X (formerly Twitter). The expert noted that assets under management (AUM) surpassed billion, and trading volume reached an impressive 0 billion.
Balchunas acknowledged that achieving such numbers in just two months was nothing short of “absurd,” far exceeding what would normally be considered successful even at the end of a full year.
In addition, in a surprising turn of events for the ETF expert, Blackrock’s IBIT ETF and Fidelity’s FBTC have emerged as the leaders among all ETFs in terms of year-to-date (YTD) flows through the middle of March. This unexpected feat positions these Bitcoin ETF offerings as major players in the ETF market, attracting the attention and interest of investors seeking exposure to the digital asset.
Currently, BTC continues its uptrend, aiming to solidify and consolidate above the ,000 threshold, which would put the cryptocurrency in a good position to reach the 0,000 mark in the rest of the year.
Featured image from Shutterstock, chart from TradingView.com
Blackrock’s Bitcoin ETF Adds 12,623 BTC in Largest Single-Day Purchase Since Launch
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has broken its record for the largest single-day bitcoin purchase since its launch. The world’s largest asset manager’s spot bitcoin ETF now holds 183,345 bitcoins. Blackrock Bought the Bitcoin Dip Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), amassed the largest […]
Bitcoin News
Okx Adds Four Inscription Standards to Its Web3 Wallet and Marketplace
Okx has said it will be adding support for four inscription token standards to its Web3 wallet at the beginning of and in late February. The Web3 firm has said the addition of inscription standards to its Web3 wallet and marketplace helps Okx drive the adoption of Web3 and power its next growth phase.
Driving the Adoption of Web3
Okx, a Web3 technology company, announced on Jan. 29 that it will launch support for four new inscription token standards on its platform. The support will start with Bitcoin token standard and stamps (SRC-20) on Feb. 5, followed by atomicals (ARC-20), runes, and dogecoin’s doginals (DRC-20) later in the same month.
According to a statement, Okx will also add DRC-20, ARC-20, and Runes standards to its marketplace in late February, enabling users to trade these inscriptions with zero fees. The Web3 firm has said its ultimate goal is to help drive the adoption of Web3 and power its next growth phase.
Commenting on the addition of new inscription standards, which make Okx one of the leading one-stop inscriptions ecosystems in Web3, Okx Chief Technology Officer Jason Lau said:
“Okx strives to drive mainstream adoption of technologies on the leading edge of Web3, and our new inscriptions ecosystem is evidence of our commitment to this mission. By empowering users to easily buy, sell, create, and trade leading token standards on one platform with zero trading fees, Okx is simplifying access and removing barriers so users can explore and realize the potential of inscriptions.”
As per the statement, the Okx wallet’s inscriptions tool already supports the minting of inscriptions on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, and Arbitrum One. In addition, the Web3 company’s inscription offering is said to be the industry’s most advanced, with liquidity across multiple inscription standards.
What are your thoughts on this story? Let us know what you think in the comments section below.
Celestia Adds 35% More To Its Value As TIA Guns For $20
One of the cryptocurrencies with the strongest performance over the last several months is TIA, the governance token of Celestia. A few points above its previous record high of .20, it surged to a new high of .15 today.
To the delight of traders and investors, the altcoin’s value has increased by over 35% during today’s rise, according to statistics from Coingecko. This strong performance puts TIA on track to hitting its target. Since October of last year, when TIA was at its lowest, it has increased by more than 500% overall.
Following the mainnet’s activation and the airdrop of tokens to 580,000 users on October 31, 2023, TIA has experienced remarkable growth. The modular blockchain cryptocurrency has increased in value since its launch by over 460%, from its .10 start price to over at present.
TIA’s Market Dynamics
To begin with, Celestia is a relatively new platform offering modular options for data availability. It seeks to scale a blockchain network as its user base increases by doing that. On its website, Celestia lists some of the companies that now use it, including Near Protocol, Arbitrum Orbit, Cartesi, and Cosmology.
Because of its substantial market capitalization, TIA has demonstrated great liquidity, which has improved trading conditions for investors. For over two weeks, the token’s price has likewise been fluctuating between and .
One of two things will happen while TIA trades in this range: either a bounce that results in an exponential rally or a pullback that results in a sharp correction.
The main obstacle facing investors in Celestia is the significant dilution they might anticipate in the upcoming years. Coingecko data shows there are currently over 145 million units in circulation out of a potential supply of over 1 billion units.
According to data from MintScan, the altcoin had a poor start to on-chain activity, enabling just 510,000 transactions in the first two days.
But when traders’ interest increased, the price of TIA rose as well, and eventually, on-chain activity increased as well. Since its launch on October 31, 2023, the network has enabled over 6.6 million transactions, according to MintScan data.
Relative Strength Index (RSI) for TIA is currently at the halfway point, indicating that a bounce might occur. Additionally, the Awesome Oscillator (AO) declines in direction of the zero mean level.
2024 Uptick Despite Declines
Meanwhile, Santiment data shows that in just two weeks, Celestia’s activity increased by 85%. Based on data, these metrics have begun to increase in 2024, despite the recent decline in social traffic and development activity.
When more than 175 million tokens come online in October, the next Celestia token unlock will take place, according to TokenUnlocks. Since token unlocks add to the total quantity of tokens in circulation, they are viewed as extremely negative.
While Celestia’s impressive price hike and TIA’s ambitious target paint a rosy picture, it’s crucial to remember that the crypto market is notoriously volatile. Investors should remain cautious and conduct thorough research before diving headfirst into this dynamic space.
Nevertheless, Celestia’s underlying technology and the growing traction of its interoperability solutions undoubtedly warrant close attention. The next few months could be pivotal for modular blockchains, and Celestia is undoubtedly at the forefront of this movement.
Featured image from Pexels
Bulgaria’s Oldest Soccer Club Botev Plovdiv Adds Bitcoin as a Payment Option
PFC Botev Plovdiv, Bulgaria’s oldest soccer team, recently said it now accepts bitcoin payments at fan shops and catering points during matches. Fans who make payments using the top cryptocurrency anytime in the month of November are eligible for a 10% discount.
Fans to Buy Tickets With BTC
Bulgaria’s oldest soccer team, PFC Botev Plovdiv, has said fans and the general public can now pay for merchandise with BTC at the club’s fan shops and catering points in the central stand during matches. The club said it is planning to avail this payment option for fans who wish to buy tickets.
According to a report published by Novinite.com, club fans who make purchases using cryptocurrency in the month of November will get a 10% discount. Remarking on the club’s acceptance of bitcoin as a payment option, club president Anton Zingarevich said:
We are excited about this technology, which is creating new opportunities and has the potential to become an integral part of our lives, just as it happened with the Internet.
As per the report, PFC Botev Plovdiv has selected the self-hosted, open-source cryptocurrency payment processor BTCPay Server as its partner. BTCPay Server executive Nicolas Dorier said his firm’s focus in 2023 has been on the local adoption of bitcoin. Dorier added that BTCPay Server’s goal will “continue to support such transformative endeavours.”
Launched in 1912, PFC Botev Plovdiv plays in the Bulgarian Parva Liga, the top flight of Bulgarian soccer. The club reportedly believes taking this step helps cement its profile as a leader committed to making the game modern and more popular.
What are your thoughts on this story? Let us know what you think in the comments section below.
Nexo Mastercard Adds Credit and Debit Toggle to Optimize Crypto Usage
Nexo has introduced a new “Dual Mode” feature on its cryptocurrency Mastercard, allowing users to switch between debit and credit functions to optimize cryptocurrency spending.
Nexo Unveils Dual Mode Card Capabilities to Streamline Crypto Payments
Nexo‘s new feature enables real-time toggling between modes within the Nexo app, providing flexibility based on users’ budgets and purchase needs, according to the company’s announcement on Thursday. Nexo said the newly launched service enhances the capabilities of its cryptocurrency card.
“The Nexo Card embodies the pinnacle of customer-centric innovation, cultivated from user-driven needs that Nexo has been diligently addressing over the years,” Nexo co-founder and managing partner Antoni Trenchev told Bitcoin.com News. “By bringing the pioneering Nexo Card with the Dual Mode capability to market, Nexo has further strengthened its position as a leading innovator in the crypto space,” Trenchev added.
First introduced in 2022, the Nexo card was developed with Mastercard and Dipocket. With Dual Mode, the Mastercard offers different functions based on the user’s needs, according to Nexo. The company’s announcement further details that users can earn interest on their balance and make free ATM withdrawals up to €10,000 per month.
Crypto debit cards first emerged around 2016, with early providers like Wirex and Bitpay issuing Visa and Mastercard-brand products. Their popularity has grown as cryptocurrencies have become more mainstream. Over the years, these cards have provided a convenient way to utilize crypto for daily purchases without having to cash out.
What do you think about Nexo’s Dual Mode feature? Share your thoughts and opinions about this subject in the comments section below.
Bitrefill Adds Support for eSIM Purchases With Cryptocurrencies
Bitcoin-friendly mobile top-up platform Bitrefill announced support for eSIM purchases with a number of cryptocurrencies. The service will allow travelers to have access to fast internet in different countries around the world after buying prepaid data plans using their digital coins.
You Can Now Buy eSIM Cards From Bitrefill Using Your Crypto Wallet
Bitrefill, a popular website for buying gift cards and mobile top-ups with cryptocurrency, has introduced support for eSIM purchases. The new feature will allow crypto users to have instant mobile internet connection without the need to change SIM cards when they travel, the company highlighted in a blog post on Tuesday, stating:
In our quest to continually innovate and make the lives of our customers easier to live on crypto, you can now enjoy seamless global connectivity, no matter where you are, without the hassle of physical SIM cards.
An eSIM is a digital SIM card that allows you to activate a cellular plan from a carrier without using a physical SIM. That lets you keep your primary SIM card while purchasing and using an eSIM card, which is practical and saves time, Bitrefill explained.
The service can also save you unpleasant surprises in terms of unexpected roaming costs as you will be using prepaid data. “If you’re a traveler, no matter if frequent or occasional, an eSIM is the most flexible and practical solution to get internet access almost anywhere in the world,” the company added.
Bitrefill offers crypto enthusiasts a range of local, regional, and global eSIMs. To take advantage of the feature, you need to first make sure your mobile device supports this type of digital SIM card and then choose an eSIM plan. You need to provide an email address at checkout.
The eSIMs can be bought with bitcoin (BTC) and ethereum (ETH), among other cryptocurrencies and stablecoins like tether (USDT). Bitrefill also accepts major fiat currencies, including U.S. dollar, euro, British pound and more.
What do you think about Bitrefill’s new eSIM offering? Tell us in the comments section below.