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MicroStrategy’s Financial Health At Risk After Enormous $3.4 Billion Bitcoin Bet: Fortune Report
Bitcoin Since MicroStrategy’s pivot to Bitcoin, the company has managed to accumulate 130,000 Bitcoins, worth just over $3.406 Billion at current rates. MicroStrategy’s Bitcoin acquisition was financed through multiple debts and bond offerings. Bitcoin’s dip to $18,300 on 13 October may have temporarily jeopardized the company’s financial health. MicroStrategy’s first debt repayment is due in 17 months, where Saylor will be required to pay $855 Million. According to a Fortune report, the company’s core software business is generating very little cash flow, and its Bitcoin interest loan payments may negatively affect its cash flow. Bitcoin maximalist Michael Saylor tweeted earlier today, “Bitcoin […]
Kraken Daily Market Report for October 18 2022
Overview Daily spot trading volume: $446.0 million, 30 day average spot: $472.9 million. Total futures notional: $95.2 million. The top five traded coins were, respectively, Tether (↑0.0%), Bitcoin (↓1.1%), Ethereum (↓1.6%), USD Coin (↓0.01%), and Solana (↓3.5%). Strong returns from Ankr (↑17%), Harvest Finance (↑14%), and Tokemak (↑13%). October 18, 2022 $446.0M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $1.0001 ↑0.0% $194.8M BTC $19330. ↓1.1% $100.1M ETH $1309.9 ↓1.6% $53.4M USDC $0.9999 ↓0.01% $26.7M SOL $30.13 ↓3.5% $10.3M…
Latin American Exchange Lemon Integrates With NFT Marketplace TravelX to Allow Airline Ticket Purchases
Bitcoin Marina Lammertyn is a CoinDesk reporter based in Argentina, where she covers the Latin American crypto ecosystem. She holds no crypto. Latin American crypto exchange Lemon has integrated with TravelX – a tokenized travel products marketplace – to allow its users buy airline tickets, the company announced Tuesday. TravelX went live in late September offering tickets for low-cost Argentine airline Flybondi that are converted into non-fungible tokens called NFTickets after purchase. Beginning this month, each Lemon user will be allowed to purchase up to two tickets on TravelX with USDC from their Lemon wallet and receive 50% cash back […]
New Bitcoin-Focused VC Firm Ego Death Capital Raising $30M
Brandy covers crypto-related venture capital deals for CoinDesk. Ego Death Capital, a new venture capital firm dedicated to the Bitcoin ecosystem, is raising $30 million for its first fund. “There was a fundamental shift underway when we decided to take this plunge,” Ego Death partner Nico Lechuga told CoinDesk in an interview. “You had the Taproot upgrade on the main chain of Bitcoin. Lightning as a scaling solution was really coming to maturity.” Lechuga was referring to the fact that last month Lighting Labs, the developer of Bitcoin scaling layer Lightning Network, launched a test version of Taro, new software […]
Tron TRX Price Prediction as Binance Adds TRX to Index – Time to Buy?
Tron price has remained relatively unchanged over the last 24 hours. The smart contracts token dodders at $0.0625 on Tuesday. A bullish breakout may occur if TRX manages to stay above the support at $0.0620. With an ascending triangle pattern waiting for validation on the four-hour chart, Tron price may complete a 10% move from its current market value to $0.0685. Tron debuts on Binance and CoinMarketCap Index Justin Sun, the founder of Tron, announced via Twitter that TRX is now available on the Binance and CoinMarketCap (CMC) top ten index. According to Binance, this is an Equal-Weighted index. The […]
Currently Bitcoin Is Similar To That Of 2018 Price Movement, Here Is Why
Cryptocurrency Last week the world’s first cryptocurrency, Bitcoin, was too close to losing $18,000 area due to an increased inflation data. However, the lead cryptocurrency has managed to open the week on a positive note. However, the global crypto market cap is still under $1 trillion. Currently, Bitcoin is trading at $19,510 after a surge of 1.93% in the last 24hrs. Meanwhile, the same is with Ethereum, Cardano, Solana, Polygon among others. On the other hand, crypto traders have now turned towards technical analysis (TA) to understand the indicators which indicate future days of a currency. Bitcoin To See Massive […]