According to a Feb. 24 announcement, MicroStrategy bought 19,452 BTC for its reserves, worth more than $1 billion. With this addition, the company’s holdings reach a total of 90,531 BTC, or $4.46 billion as of press time. The firm’s CEO, Michael Saylor, said that accumulating Bitcoin is now one of its core objectives.
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CEO Alan Lane has sent Silvergate Bank's shares soaring by embracing crypto (Photo: Silvergate Bank)Crypto Bank Silvergate Capital’s stock up over 1,000%
The bank, which went public in November 2019 and serves customers like Coinbase and Square, was up 1,300% before a broad tech market downturn yesterday
Silvergate, one of the first banks to embrace crypto, has been on tear thanks to its decision to accept cryptocurrency customers when no other banks would.
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Crypto’s top 10: Rankings shake-up looms as Ethereum killers make presence felt
Binance Coin, Polkadot and Cardano are in the ascendancy. Should Ethereum, buckling under the strain of congestion, be worried?
Back in December 2017, when BTC hit $20,000 for the first time, altcoins such as Bitcoin Cash, XRP and Litecoin were firm favorites in the top five. Tether and Binance Coin were nowhere to be seen among the 20 biggest coins. Some, like Polkadot, didn’t even exist. Fast forward to 2021, and the rundown of the 10 biggest cryptocurrencies by market cap looks very different indeed.
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Markets Report: Bitcoin recovers from $45,000 lows as Tether legal debacle ends
An amicable agreement between lawmakers, Tether and Bitfinex pleases markets, with Bitcoin heading toward $50,000
News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.
