Crypto News - The Urban Mine

SpaceX Is Exploring Benefits of Placing Bitcoin on Its Balance Sheet, According to MicroStrategy’s Michael Saylor

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Posted on February 23, 2021

MicroStrategy CEO Michael Saylor says SpaceX is exploring the merits of placing Bitcoin on its balance sheet. Saylor tells Dr. Saifedean Ammous that representatives from SpaceX were among 7,000 companies represented at MicroStrategy’s recent Bitcoin summit, which the business intelligence firm hosted to help companies that are interested in buying BTC as a treasury asset.

$37 Trillion Wealth Transfer Set To Boost Bitcoin and Cryptocurrency, Says Morgan Creek Digital’s Mark Yusko

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Posted on February 23, 2021

The co-founder of cryptocurrency hedge fund Morgan Creek Digital, Mark Yusko, says Millennials will forever change the financial landscape after inheriting trillions of dollars from their parents. In a new interview with podcaster and analyst Preston Pysh, Yusko cites data from Deloitte that shows $37 trillion is set to be passed down to Millennials, who

Payments Giant MoneyGram Pausing XRP-Powered Settlements, CEO Comments on Relationship With Ripple

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Posted on February 23, 2021

Payments giant MoneyGram has suspended its use of XRP payments as Ripple deals with an ongoing lawsuit filed by the U.S. Securities and Exchange Commission (SEC). MoneyGram chief executive Alex Holmes announced the move during a new conference call on the company’s fourth quarter and full-year 2020 financial results. The SEC filed a lawsuit in

Top Analyst Updates Bitcoin Forecast, Says Understanding How to Enter Crypto Markets Is Critical

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Posted on February 23, 2021

Crypto analyst Michaël van de Poppe, who predicted that February and March could witness a significant correction in the crypto markets, is mapping out Bitcoin’s possible trajectory moving forward. The analyst says he’s looking to see if BTC can remain above $47,500. If not, he defines the $42,000 to $44,000 level as an area to

Abra CEO Says Bitcoin Could Shatter $250,000 This Year, but Major Crypto Correction May Be Around the Corner

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Posted on February 21, 2021

The CEO of digital payment platform Abra says Bitcoin could break $250,000 before year’s end, but he also thinks that the crypto markets are overdue for a healthy correction. On a new episode of What Bitcoin Did with Peter McCormack, Bill Barhydt says he’s looking for potential resistance at the $60,000 level before a massive

MicroStrategy Prepares To Purchase $1,030,000,000 in Bitcoin After Completing Debt Offering

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Posted on February 21, 2021

Business intelligence firm MicroStrategy is gearing up to make an additional purchase of $1.03 billion worth of Bitcoin. In a new post on the company’s website, the publicly-traded firm announces that is wrapping up its offering of convertible notes in an effort to acquire more funds to buy Bitcoin. The offering, which closed on February

Goldman Sachs and JP Morgan Reportedly Buying Exposure to One Crypto Asset – And It’s Not Bitcoin or Ethereum

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Posted on February 21, 2021

Multiple banking giants are reportedly exposing themselves to one particular crypto asset, but it’s not Bitcoin (BTC) or Ethereum (ETH). Financial titans Goldman Sachs, JP Morgan, and UBS and brokerage firm ICAP are all exposing themselves to an exchange-traded product (ETP) tied to Polkadot’s native asset DOT, according to a CoinDesk report. The ETP, which

Ripple Responds to New Complaint From SEC on Alleged Manipulation of XRP

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Posted on February 21, 2021

Ripple’s top lawyer is responding to the release of an amended court complaint filed by the U.S. Securities and Exchange Commission (SEC). The SEC, which asserts XRP is a security and alleges Ripple illegally sold the digital asset without proper clearance, filed the amended complaint on Thursday. The document adds more details on the role

Crypto Trader Ben Armstrong Names Top Altcoin, Says Little-Known Crypto Asset Will Erupt in 2021

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Posted on February 21, 2021

Crypto trader and YouTuber Ben Armstrong says he’s expecting a decentralized finance (DeFi) gem that’s flying under the radar to explode this year. In a new video, Armstrong tells his 548,000 YouTube subscribers that he’s looking at Frontier (FRONT), a little-known DeFi gem that has already inked big partnerships and connections in the nascent sector.

Top Trader Expects Ethereum and Binance Coin To Outperform Bitcoin, Names Four Crypto Assets Poised for Explosive Runs

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Posted on February 20, 2021

A prominent trader who built his following after accurately nailing Bitcoin’s collapse to $4,000 in March 2020 says that Ethereum (ETH) and Binance Coin (BNB) are primed to outshine Bitcoin in the coming months. In a new tweet, the analyst known in the industry as Capo says that while BTC is grabbing headlines, his money

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