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99 Bitcoins

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A non technical blog about Bitcoin – Tutorial, Reviews and Guides

Are Stimulus Checks Pumping Bitcoin? | This Week in Crypto – Mar 22, 2021 https://99bitcoins.com/bitcoin-news-summary-mar-22-2021/
<div><img src=”https://99bitcoins.com/wp-content/uploads/2021/03/This-week-in-Crypto-March-22-2021.png” class=”ff-og-image-inserted”></div><p><iframe title=”YouTube video player” src=”https://www.youtube.com/embed/NW-A90B3Vhc” width=”640″ height=”360″ frameborder=”0″ allowfullscreen=”allowfullscreen”>[embedded content]</iframe></p>
<p>People are using their stimulus checks to buy BTC, India is closer to banning crypto completely and banks just can’t ignore Bitcoin anymore. These stories and more, this week in crypto.</p>

<p>According to a new survey conducted by Mizuho Securities, many Americans who just received their stimulus checks <a href=”https://www.msn.com/en-us/money/technology/nearly-10percent-of-the-dollar380-billion-in-stimulus-checks-may-be-used-to-buy-bitcoin-and-stocks-survey/ar-BB1eBwES?ocid=BingNewsSearch” class=”external” rel=”nofollow” target=”_blank”>are planning</a> to use the funds to purchase BTC and other cryptocurrencies. An impressive two out of every five survey takers said they planned to purchase bitcoin with at least some of the money they received. According to estimates that could mean nearly a $40 billion inflow into the market.</p>
<p>According to a new report issued by financial giant JPMorgan, the<a href=”https://www.msn.com/en-us/money/markets/retail-traders-edged-out-wall-street-to-become-the-bigger-buyers-of-bitcoin-so-far-this-quarter-jpmorgan-says/ar-BB1eE3sR?ocid=BingNewsSearch” class=”external” rel=”nofollow” target=”_blank”> crypto investing world is presently</a> being ruled by retail investors, who bought nearly 15,000 more bitcoins than institutions during the first quarter of 2021. While institutional investors dominated the final months of 2020, it appears that large-scale activity has fallen back a bit in the new year.</p>
<p>Following much speculation, it looks like<a href=”https://www.forbes.com/sites/ninabambysheva/2021/03/15/22-billion-bitcoin-liquidation-may-have-caused-10-correction/?sh=435e1aa67b89″ class=”external” rel=”nofollow” target=”_blank”> India is getting ready to propose</a> a full ban on all crypto trading and related activity. While the law hasn’t passed yet, crypto holders are likely to incur financial penalties, while miners might even face prison time for extracting new coins should the law get the greenlight.</p>
<p>Global banking giant Deutsche Bank, issued a <a href=”https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000517378/The_Future_of_Payments:_Series_2_Part_III__Bitcoin.pdf?&amp;B/B9dVAIl/mO4DPCoGKlcppQjDSO9vE2YmHdUYERHvY=&amp;&amp;realload=yHyVmFFu/1N2drpejtrUbCZOlp2mtlxV4cnzyyVerVyDlJ9xKaNpkg9fLFLNjKD5ZgT9JOP1EdZ9MumHTmwAmA==” class=”external” rel=”nofollow” target=”_blank”>report</a> devoted exclusively to Bitcoin. According to analysts Bitcoin’s market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,”. Deutsche Bank suggested that Bitcoin’s price “could continue to rise” further as long as asset managers and companies continue to enter the market but expect it to remain highly volatile in the short term.</p>
<p>Wall Street investment bank, Morgan Stanley, <a href=”https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html” class=”external” rel=”nofollow” target=”_blank”>is launching access</a> to funds that enable ownership of bitcoin. Morgan Stanley is only allowing its wealthier clients with at least $5 million to access the bitcoin funds, which are managed by Galaxy Digital, a crypto firm founded by Mike Novogratz.</p>
<p>According to data accumulated by Compound Capital Advisors, not surprisingly bitcoin is<a href=”https://finance.yahoo.com/news/bitcoin-becomes-best-performing-asset-132208120.html” class=”external” rel=”nofollow” target=”_blank”> the top-performing asset of the</a> decade. The currency has managed to provide returns of more than 200 percent in the past year alone, and since 2011, the asset’s cumulative gains exceed a whopping 20 million percent, easily beating out traditional investments such as the Nasdaq and the gold market.</p>
<p>Grayscale—provider of one of the world’s largest bitcoin trusts—has<a href=”https://finance.yahoo.com/news/biggest-bitcoin-fund-provider-offer-123000067.html” class=”external” rel=”nofollow” target=”_blank”> unveiled five new trusts</a> that will allow its customers to gain exposure to lesser-known altcoins. The trusts will give traders a chance to explore and invest in Filecoin, Chainlink, Basic Attention Tokens, Livepeer and Decentraland, a virtual reality platform that utilizes its own cryptocurrency.</p>
<p>The Oakland As have<a href=”https://news.yahoo.com/oakland-first-professional-sports-team-145755412.html” class=”external” rel=”nofollow” target=”_blank”> surprised crypto</a> fans by listing all ticket prices in bitcoin, becoming the first Major League Baseball team to do so. If you’re interested in going to see an Oakland A’s game, you can pay for a full suite (which seats up to six people) for the price of one bitcoin.</p>
<p>That’s what’s happened this week in crypto. See you next week.</p>

<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Mon, 22 Mar 2021 06:00:39 +0000 Nick Marinoff

Can 0.01BTC Make You a Millionaire? | This Week in Crypto – Mar 15, 2021 https://99bitcoins.com/bitcoin-news-summary-mar-15-2021/
<div><img src=”https://99bitcoins.com/wp-content/uploads/2021/03/This-week-in-Crypto-Mar-15-2021-2.png” class=”ff-og-image-inserted”></div><p>NFTs stealing the show from Bitcoin’s All-Time High, the US government auctioning crypto and can 0.01 BTC make you a millionaire? These stories and more, this week in crypto.</p>
<p><iframe src=”https://www.youtube.com/embed/wGoPk790zXU” width=”640″ height=”360″ frameborder=”0″ allowfullscreen=”allowfullscreen”><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span></iframe></p>

<p>Twitter CEO, Jack Dorsey is<a href=”https://www.msn.com/en-us/money/other/billionaire-bitcoin-advocate-jack-dorsey-is-auctioning-the-very-first-tweet-in-history-as-an-nft-and-the-highest-bid-is-2-5-million/ar-BB1emSdF?ocid=BingNews” class=”external” rel=”nofollow” target=”_blank”> looking to sell a little bit of</a> Twitter’s history. He’s put the first tweet ever up for sale in the form of a non-fungible token (NFT). Among the interested parties is Justin Sun, the CEO of the decentralized platform TRON who offered $2.5 million for the NFT-based tweet.</p>
<p>Christie’s auction house made history as the company’s <a href=”https://cryptopotato.com/owner-worlds-most-expensive-nft-owns-major-fund/” class=”external” rel=”nofollow” target=”_blank”>first auction of an electronic product</a>, the world’s most expensive NFT token was sold for over $69 million. The digital art is the third most expensive piece ever sold by a living artist.</p>
<p>Business analytics firm MicroStrategy has made yet another large bitcoin purchase, buying a further $15 million worth.&nbsp; 262 more <a href=”https://www.coindesk.com/forget-buying-the-dip-microstrategy-buys-15m-of-bitcoin-as-it-nears-the-all-time-high” class=”external” rel=”nofollow” target=”_blank”>BTC were added</a> to the firm’s portfolio at an average price per coin of $57000, which is just shy of the cryptocurrency’s all-time high, which on Saturday eclipsed the 60 thousand dollar mark. This latest purchase brings the firm’s total bitcoin holdings to over 91000.</p>
<p>Financial giant JPMorgan is unveiling a<a href=”https://markets.businessinsider.com/currencies/news/jpmorgan-crypto-exposure-product-bitcoin-btc-wall-street-interest-2021-3-1030167943″ class=”external” rel=”nofollow” target=”_blank”> new product that gives customers</a> access to companies with high stakes in crypto. To be clear, JPMorgan is not providing access to specific cryptocurrencies but is instead allowing its clients to invest in enterprises that are known for supporting and purchasing large bundles of BTC such as MicroStrategy and Square.</p>
<p>China-based app<a href=”https://www.msn.com/en-us/money/markets/chinese-selfie-editing-app-maker-meitu-buys-2440-million-worth-of-bitcoin-and-ethereum/ar-BB1emA0Q?ocid=BingNews” class=”external” rel=”nofollow” target=”_blank”> company Meitu has purchased</a> approximately $40 million-worth of cryptocurrency. The company explained in a statement that it has bought roughly 379 units of BTC along with 15,000 units of ether to become the latest institutional firm to get its fingers on digital assets. The company is also reformatting its budget to allow room for as much as $100 million in new crypto purchases.</p>
<p>The U.S. government is <a href=”https://www.msn.com/en-us/money/companies/u-s-government-to-sell-0-7501-bitcoin-worth-38-000-at-current-prices/ar-BB1en92P?ocid=BingNews” class=”external” rel=”nofollow” target=”_blank”>planning an auction</a> where items up for grabs include almost one bitcoin. Government auctions of BTC have occurred in the United States before, with the biggest ones centering around the<a href=”https://abcnews.go.com/US/tim-draper-bought-auctioned-bitcoins-seized-silk-road/story?id=24399619″ class=”external” rel=”nofollow” target=”_blank”> confiscated crypto stash</a> of Ross Ulbricht, the alleged creator of the Silk Road black market.</p>
<p>Video game company Atari <a href=”https://www.bloomberg.com/news/articles/2021-03-08/atari-partners-with-crypto-gaming-operation-to-launch-casino” class=”external” rel=”nofollow” target=”_blank”>is building</a> a new cryptocurrency casino platform. The casino will feature many of Atari’s old titles from the 1980s and will allow gamblers to play for NFTs which then can then use to purchase additional cryptocurrencies.</p>
<p>Current trends in global wealth distribution and the inevitable realization of Bitcoin’s limited supply <a href=”https://cointelegraph.com/news/want-to-be-rich-bitcoin-s-limited-supply-cap-means-you-only-need-0-01-btc” class=”external” rel=”nofollow” target=”_blank”>could result</a> in 0.01 BTC being worth $1 million in the future. When comparing the relative wealth concentration of the fiat and Bitcoin markets, being among Bitcoin’s top 13% shares the same exclusivity as being a fiat millionaire.</p>
<p>That’s what’s happened this week in crypto. See you next week.</p>

<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Mon, 15 Mar 2021 06:00:33 +0000 Nick Marinoff

PayPal Reveals Its Plans for Crypto | This Week in Crypto – Mar 8, 2021 https://99bitcoins.com/bitcoin-news-summary-mar-8-2021/
<div><img src=”https://99bitcoins.com/wp-content/uploads/2021/03/This-week-in-Crypto.png” class=”ff-og-image-inserted”></div><p><iframe src=”https://www.youtube.com/embed/YjXd-Pm1Sd8″ width=”640″ height=”360″ frameborder=”0″ allowfullscreen=”allowfullscreen”><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span></iframe></p>
<p>PayPal adding more cryptos, Wall Street embracing Bitcoin and China Stops Mining?&nbsp;These stories and more, this week in crypto.</p>

<p>PayPal CEO Dan Schulman <a href=”https://decrypt.co/60086/paypal-ceo-schulman-talks-new-crypto-unit” class=”external” rel=”nofollow” target=”_blank”>said in an interview</a> the company’s crypto forays will expand beyond its “buy, sell, hold” offerings for bitcoin, their mission to advance the utility of digital currencies. PayPal’s crypto unit is currently experimenting with smart contracts, testing Ethereum and other blockchains. The fintech company is also <a href=”https://finance.yahoo.com/news/paypal-buy-crypto-custody-firm-155527930.html” class=”external” rel=”nofollow” target=”_blank”>said to be in the process</a> of buying the crypto custody firm Curv, to align with the firm’s digital currency strategy.</p>
<p>Monetary bigwig Goldman Sachs has begun a <a href=”https://www.msn.com/en-us/money/companies/goldman-sachs-set-to-jump-back-into-cryptocurrency-trading/ar-BB1e7M33?c=10654320709832488692%252C7840040449682147769″ class=”external” rel=”nofollow” target=”_blank”>new trading desk</a> centered around cryptocurrencies. The effort initially began a few years ago but came to a halt following the 2018 crash. The sudden resurgence of BTC appears to have restored the bank’s confidence in digital assets.</p>
<p>Another financial giant Citibank <a href=”https://www.msn.com/en-us/money/markets/bitcoin-surges-8-25-amid-citi-comments-china-region-mining-ban/ar-BB1e7tK6?ocid=uxbndlbing” class=”external” rel=”nofollow” target=”_blank”>has issued</a> a report praising bitcoin. While the document acknowledges risks such as volatility and price swings, the report states that the positives of crypto seriously outweigh the negatives and that digital assets will be at the center of some powerful changes set to occur within the next few years.</p>
<p>CBOE Global Markets Inc. is <a href=”https://www.bloomberg.com/news/articles/2021-03-01/cboe-says-it-s-seeking-approval-to-list-bitcoin-etf-in-u-s” class=”external” rel=”nofollow” target=”_blank”>seeking approval</a> for the first crypto-based ETF in the United States. The company engaged in a filing with the Securities and Exchange Commission (SEC) in the hopes that it will garner a long-awaited green light. This will be the firm’s third attempt, having previously tried in both 2017 and 2019.</p>
<p>After seeing the success of the world’s first bitcoin-based exchange-traded funds (ETF) in Canada, Evolve Funds is now looking to take things even further. The company <a href=”https://www.msn.com/en-in/money/news/evolve-funds-files-for-ether-etf-weeks-after-winning-canadian-approval-for-its-bitcoin-fund/ar-BB1eacvG?%25253Bpfr=1%3Fc” class=”external” rel=”nofollow” target=”_blank”>has filed</a> the necessary documents with the country’s securities regulator and is currently awaiting approval to offer Ethereum-based ETFs in the future.</p>
<p>China’s Inner Mongolia—a region known for its many bitcoin and crypto mining operations and low energy prices—is <a href=”https://finance.yahoo.com/news/chinas-inner-mongolia-end-cryptocurrency-102003764.html” class=”external” rel=”nofollow” target=”_blank”>set to place heavy limits</a> on all projects that require large amounts of electricity. This includes bitcoin mining firms, which will be required to tin the ake their business elsewhere by mid-April of this year. The region is citing a new law designed to limit environmental strain and pollution as the primary reason behind the closures.</p>
<p>Meerkat Finance, a yield farming project on the Binance Smart Chain, <a href=”https://cryptobriefing.com/binance-smart-chain-defi-project-hacked-31-million/” class=”external” rel=”nofollow” target=”_blank”>has allegedly run off </a>with more than $31 million in a bold hack. The hackers implemented a change in the ownership of the smart contract address and soon after, withdrew the funds. Their website and social media channel are all down, suggesting a rug pull by creators.</p>
<p>American basketball team, the Dallas Mavericks <a href=”https://cryptopotato.com/mark-cubans-dallas-mavericks-to-accept-dogecoin-payments/” class=”external” rel=”nofollow” target=”_blank”>will now accept</a> payments for tickets and merchandise in Dogecoin via cryptocurrency payment processor, BitPay. According to the Dallas Mavericks, the decision is purely consumer-centric and is targeted at leveraging cryptocurrencies to “expand business sales opportunity, reduce high fees and increase payment transparency and efficiency.”</p>
<p>That’s what’s happened this week in crypto. See you next week.</p>

<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Mon, 08 Mar 2021 06:00:50 +0000 Nick Marinoff

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