MicroStrategy adds another $1.02 billion worth of bitcoin to its balance sheet
The publicly-traded company MicroStrategy now owns just over 90,000 BTC after spending approximately $1.026 billion to purchase 19,452 BTC, according to a Wednesday announcement. In a statement, MicroStrategy said that it "purchased an additional approximately 19,452 bitcoins for approximately $1.02...
One of Switzerland’s oldest banks now offers trading in cryptocurrencies
Bordier & Cie SCmA, a Swiss private bank founded in 1844, now offers trading in bitcoin and other cryptocurrencies. Bordier has partnered with Sygnum Bank for the initiative, which means Sygnum's B2B Banking solution has been integrated with Bordier's internal infrastructure. The integration all...
Alameda leads $40m investment in DeFi prime brokerage Oxygen
Alameda Research, the crypto trading firm, has led a $40m investment in Oxygen, a Switzerland-based DeFi prime brokerage. MultiCoin, Genesis Capital and CMS also participated in the round. Oxygen will launch on Serum, a decentralised ecosystem built on the Solana blockchain. Sam Bankman-Fried, CEO o...
Square says it sold $4.57 billion in bitcoin during 2020 via Cash App
Square said Tuesday that it sold $1.76 billion in bitcoin during the fourth quarter of 2020, with $4.57 billion sold for the entirety of last year. Accounting for the money spent to acquire the bitcoin it sold, Square said in its report, as filed with the SEC, that it generated $97 million in gross ...
Nearly $6 billion: Crypto futures market saw the highest amount of liquidations in its history on Monday
The crypto futures market saw the highest amount of liquidations in its history on Monday. In the last 24 hours, the market saw $5.77 billion worth of liquidations, according to tracker Bybt, a development triggered by a broad decline in the price of bitcoin and other cryptocurrencies. By comparison...
SEC commissioner Hester Peirce calls for ‘legal clarity and the freedom to experiment’ for DeFi
SEC commissioner Hester Peirce said Monday that federal regulators need to "provide both legal clarity and the freedom to experiment so that DeFi can compete with CeFi to offer investors financial services." Her comments came during a speech entitled "Atomic Trading" at a George Washington Universit...
Galaxy to launch research unit, eyes a 40% company-wide headcount expansion
Galaxy Digital is growing its ranks, and as part of that effort, the firm is building out a research unit that will provide resources for both in-house staffers as well as clients. Led by Mike Novogratz, the New York-based crypto investment bank announced Tuesday that it has hired Alex Thorn, an alu...
Bitfinex, Tether settle with New York’s Attorney General for $18.5 million
Crypto firms Bitfinex and Tether have settled with the New York Attorney General's (NYAG's) office, ending a legal dispute that began in mid-2019. As part of the settlement, Bitfinex and Tether have agreed to pay $18.5 million, according to a statement from New York Attorney General Letitia James. I...
Bitcoin dips below $48,000 as nearly $6 billion in crypto futures are liquidated
The price of bitcoin has dipped below $48,000 from nearly $57,500 on Monday as derivatives positions worth almost $6 billion get force liquidated by crypto exchanges. In the last 24 hours, $5.65 billion worth of open interest was liquidated by crypto exchanges, according to tracker Bybt.com. In othe...
A cryptocurrency exchange allows crypto users the simplicity of trading crypto-to-crypto or crypto-fiat pairings. A relatively new trading asset, cryptocurrency appeals to a lot of investors and traders. Cryptocurrency trading is an online activity that allows crypto users to convert one cryp...

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