Tesla’s in, but who’s next to buy Bitcoin?BTC $45,091 (-3.6%) • ETH $1744 (-0.7%) • ADA $0.92 (+32.5%)
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Author: Samuel Wan Following Tesla’s $1.5 billion purchase of Bitcoin, the internet is awash with rumors on which high profile corporate entity is next. However, even at this stage of the game, corporate BTC buys attract controversy from the trad-fi diehards. They voice concerns about lowering dollar liquidity and increasing risk exposure to volatility. Ad 📈 Buy 80+ Different Coins at True Cost. No fees, No markups. 🔥 Trending Sectors
More news ⏬StablyUSD (USDS) stablecoin comes to Tezos blockchainFintech company Stably has launched USDS, its USD-backed stablecoin that had previously been issued on Ethereum, on the Tezos blockchain, according to an announcement shared with CryptoSlate today. Michael Saylor promotes economic empowerment with free “Bitcoin for Everybody” courseMichael Saylor has made many worthy contributions since bursting onto the cryptocurrency scene. Wall Street Journal commenters lambast $1.5 billion Bitcoin purchase by TeslaYesterday, Tesla shocked the crypto space when the firm was revealed to have purchased $1.5 billion—yes, billion—worth of Bitcoin. Here are 3 reasons why Cardano (ADA) is up 100% this monthCardano’s native cryptocurrency ADA has been on a roll since the beginning of February, seeing a price increase of over 100 percent since the beginning of the month. Federal Reserve branch shares paper on Ethereum and DeFiWe’ve made it. Bitcoin “call buying frenzy” occurs, will options market demand fuel another rally?According to the data analytics platform Laevitas, the Bitcoin options market is seeing a “call buying frenzy.” This means that the buyer demand for BTC is rising rapidly in the form of options. Canadian bank says Apple could be next to buy Bitcoin, build crypto exchangeIs the world’s biggest company by market cap looking to add the world’s biggest cryptocurrency to its treasury reserve? One bank seems to say so. Parabolic growth puts Total Value Locked (TVL) in DeFi at record $37.17 billionThe United States dollar value of cryptocurrency liquidity locked in decentralized finance (DeFi) hit $37.17 billion. Elon Musk gets “congratulated” by Michael Saylor after Tesla’s $1.5 billion Bitcoin splurgeThe electric carmaker purchased over 37,000 Bitcoin, filings from today showed. Got a story tip? Email tips@c ShapeShift CEO Erik Voorhees on Bitcoin’s future and Peter Schiff’s big gold mistake
Bitcoin’s rise in 2020 was marked by institutions purchasing the asset as a hedge against global inflation, a bleak economic outlook, and an overall low-yield environment in the traditional finance market. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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