The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In…
By December 21, 2020, MicroStrategy purchased a total of 70,470 bitcoins with an overall purchase price of $1.125 billion. The buying spree occurred in…
The reported volume of bitcoin gives a clear picture of the market. A more exact indicator is the Bitcoin moving to and from particular derivative exchanges. We must understand that institutional investors are at the initial stage and are pouring money into the bitcoin market. However, the retail buyers…
Polymarket has a unique approach of operating with its blockchain-based prediction market where investors can bet on the outcomes of future events. Polymarket raised $4 million new funding on Oct.19, 2020, through Polychain Capital. Currently, the company has as many as 15 investors. The website is still in the…
RealT seeks to offer a solution to the barriers above through permissionless, fractional, tokenized ownership of U.S real estate assets from anywhere in the world. The company uses smart contracts to disperse rent on a daily basis. An option that can be leveraged is the ability to secure a…
Bitcoin is currently trading at $18677.99 at the time of writing this news piece. Earlier today, the most desired cryptocurrency of all time nearly touched $19,000 as it recorded a 24 hour high at $18778.00 according to Coinmarketcap statistics. This year, Bitcoin has risen a significant amount and now…
Crypto markets have been experiencing a positive market outlook since September with the recent bull run taking Bitcoin past 16k in a record high since 2017. Insensitive to what’s happening in the industry, the troubled crypto exchange has maintained a long window of silence. This has resulted in…
Legendary venture capitalist and Bitcoin maximalist Tim Draper blows hot on DeFi, seeks to introduce DeFi into the venture capital business. Leveraging on the incessant printing of the U.S dollar and the rise of the global pandemic, Tim still holds firm to his $250,000 Bitcoin prediction. Since 2018 Tim…