Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update.In an official statement on Wednesday, Visa announced that its crypto-enabled cards processed more than $1 billion in total spending in the first half of 2021.The company noted that Visa is … [Read more...] about Visa reports over $1 billion in crypto spending in H1 2021
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200,000 crypto traders ‘rekt’ as market sees $1 billion in liquidations
Bitcoin dipped to over $28,000 yesterday, sending other altcoins in a downward spiral and chalking up one of the biggest crypto ‘liquidation’ days in a few weeks.Several large-cap cryptos like Solana, XRP, and Polkadot saw double-digit percentage declines. Their corresponding futures products did, too, see falling prices, causing a long line of liquidations in their wake.Crypto … [Read more...] about 200,000 crypto traders ‘rekt’ as market sees $1 billion in liquidations
Bitcoin pinned below $38K as investors stash record $756 billion with Fed
Bitcoin (BTC) suffered as investors moved a record amount of cash in Federal Reserve's overnight facility after the central bank started paying interest on the money.The U.S. central bank received $756 billion via its reverse repurchase program from nearly 70 market participants on Thursday. The stash is about $172B higher than the one deposited last week and roughly $235B more … [Read more...] about Bitcoin pinned below $38K as investors stash record $756 billion with Fed
US investors made over $4 billion trading Bitcoin last year
A recent report from cryptocurrency analytics firm Chainalysis has shown that quite a number of countries made massive gains in their Bitcoin investments when compared to their traditional economic rankings.US Bitcoin investors lead gainsThe report broke down the estimated gains made by countries in 2020. What this means is that countries that could be termed as emerging … [Read more...] about US investors made over $4 billion trading Bitcoin last year
MicroStrategy gets $1.6 billion in orders in junk bond offering
Software firm MicroStrategy has raised $1.6 billion in a junk bond offering — four times the initially sought amount.Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). Junk bonds are debt offerings by companies without investment-grade credit ratings and … [Read more...] about MicroStrategy gets $1.6 billion in orders in junk bond offering