News Crypto currency

2021-02-26 09:10:24 Coinbase is on the verge of going IPO, the company's valuation is between $ 50bn- $ 100bn, what is important to know?

- $ 3.4bn in total revenue until 2020
- the basis of revenue - transaction fees (96%)
- net profit of $ 322 million in 2020, net loss of $ 30 million in 2019
- 43 million verified users
- 2.8m monthly active users
- income in 2020 has doubled in 2020
- at the end of 2020, Coinbase had $ 1.1bn in cash reserves
- reserves in $ BTC $ 130m, $ ETH $ 23.8m, $ 34m in other digital assets Open / Comment

2021-02-25 13:56:59 An updated rating of the size of corporate reserves of public companies in bitcoins.

CC Ecoinometrics Open / Comment

2021-02-24 16:45:10 MicroStrategy bought BTC for $ 1 billion

MicroStrategy CEO Michael Sailor announced an additional acquisition of 19,452 BTC worth about $ 1 billion, which the company recently raised with convertible bonds.

The average purchase price is $ 52,765. In total, the company now owns 90,531 BTC worth about $ 4.55 billion at an average purchase price of $ 23,985. Open / Comment

2021-02-23 13:44:41 Analysts remind that March is usually a difficult month for Bitcoin. Excluding events in 2013 and 2019, the cryptocurrency ends the first month of spring with a drawdown. Open / Comment

2021-02-22 08:09:29 Initially, the emission of Bitcoin was not limited

“While it is widely believed that Satoshi hated inflation, he never stated it himself and actually programmed Bitcoin's money supply to grow indefinitely. He modeled the money supply by analogy with launching four mining eras every 1024 years with equal intervals between them, each of which would last 140 years.

However, this leads to obvious problems. One of them is the discussion of how to name 1 billion bitcoins, what color of the symbol to use to represent it, and when users should switch to it as the main protocol.

To prevent the problem, it is proposed to limit the Bitcoin money supply. " - Peter Woolle, April 2014

BIP42: https://github.com/bitcoin/bips/blob/master/bip-0042.mediawiki Open / Comment

2021-02-21 10:58:01 Grayscale's funds exceed $ 42 billion.

GBTC owns over 630 thousand BTC (≈ $ 35 billion), which is 3.1% of the maximum Bitcoin emission. Open / Comment

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2021-02-19 10:55:33 The SEC filed the first amended complaint against Ripple: Ripple executives manipulated the market through XRP sales and also paid trading platforms to promote XRP. Open / Comment

2021-02-18 13:24:42 The Block: Coinbase Buys Bitcoins For Tesla

Cryptocurrency exchange Coinbase helped Tesla complete a $ 1.5 billion Bitcoin purchase, The Block writes, citing sources. The companies themselves did not comment on this information.

Coinbase has been buying Bitcoin for Tesla in the first week of February for several days, sources said. The exchange took advantage of an already tested scheme and distributed the order across several OTC platforms. In the past, she bought Bitcoins for MicroStrategy in a similar way.

“By leveraging its own OTC agency platform along with ordering and algorithmic trading tools, Coinbase was able to help MicroStrategy acquire the desired position without impacting the market,” the exchange wrote earlier. - Our system takes one large order and breaks it down into many small parts, which are processed through various trading platforms. The trading team reached an average strike price that was lower than the price at the start of the purchase.

Sources also claim that more than five Fortune 500 companies are clients of Coinbase's primary brokerage service. Previously, rumors circulated on the network that Tesla bought Bitcoin using its own trading algorithm.
Tesla said it updated its investment policy in January 2021 to be "more flexible in further diversifying and maximizing cash returns that are not required to maintain normal operating liquidity."

“Subsequently, we invested a total of $ 1.50 billion in Bitcoin under this policy and may acquire and hold digital assets from time to time or over the long term. Moreover, we intend to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially under limited conditions. We can liquidate it or not do it after receiving it, ”the company said. Open / Comment

2021-02-17 14:47:07 On CME, the absolute record for daily volume is $ 5 billion. Open interest is also at record levels. Open / Comment