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The UK Advertising Authority Bans Misleading Bitcoin Ad

On March 17, 2021, the UK Advertising Standards Authority or ASA made a statement about banning a “socially irresponsible” advertisement by Coinfloor on Bitcoin investment. The ad came up on December 3, 2020, in the Northamptonshire Telegraph, portraying investing in Bitcoin as a safe investment for retirees. Despite Coinfloor’s…

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More Buys for MicroStrategy… What is Their Strategy?

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 two phases when it purchased 40,824 and 29,646 BTC at an average price of nearly $21,925. MicroStrategy got into a strategic alliance with Coinbase earlier…

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Morgan Stanley Allegedly Owns 10% Equity Stake In Michael Saylor’s MicroStrategy

Microstrategy could be setting the path for other high portfolio firms to venture into making Bitcoin investment a major part of their portfolio following positive vibes that have rallied behind the company since declaring interest in Bitcoin. According to a filing with the Securities and Exchange Commission released on…

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MicroStrategy Completes a $1.05 Billion Debt Offering to Buy More Bitcoin

MicroStrategy will buy more Bitcoin after a successful debt offering of $1.05 billion. With 71,079 BTC in its holdings, Microstrategy is one of the largest buyers of Bitcoin in the world. The rising prices of Bitcoin led to a 600% growth in the prices of Microstrategy’s shares. Publicly-traded MicroStrategy…

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Bitcoin Goes Past $1 Trillion Market Capitalization

Bitcoin became the first cryptocurrency in history to break through a market cap of $1 trillion Elon Musk’s Tesla joined the bitcoin bandwagon with a massive investment of $ 1.5 billion More rumors pop up from major institutions on possible investments such as Apple, Oracle, etc as bitcoin price…

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Jack Dorsey’s Square Goes Long On Crypto In A $50M Bitcoin Investment

Bitcoin, the largest crypto-asset continues to gain institutional interest as Jack Dorsey’s Square reportedly invests $50 million in Bitcoin. CEO Jack announced on Thursday that Square has purchased 4,709 bitcoins, a $50 million investment which represents about 1% of the firm’s total assets. Square announced the acquisition of 4,709…

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High Hopes For Bitcoin As Warren Buffet Secures A Massive Investment In Gold

As legendary investor Warren Buffett diversifies Berkshire Hathaway portfolio holdings into the gold sectors, speculations making the rounds are suggesting a possible move into Bitcoin investment despite Buffett’s continuous criticism of the digital asset. Prices of gold soar above $2000 per ounce as billionaire investor and CEO of Berkshire…

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