LATAM crypto exchange Bitso gets Quedex trading system

CryptoNinjas » LATAM crypto exchange Bitso acquires Quedex trading platform

Bitso, a Latin American-based crypto exchange company, today announced that it has acquired Quedex, a regulated, Europe-based crypto derivatives trading platform. This acquisition will integrate Quedex’s team and trading technology, as Bitso continues to expand throughout Latin America and globally.

“We’re thrilled to announce the addition of the Quedex team and technology to Bitso,” said Daniel Vogel, CEO, and Co-Founder of Bitso. “We plan to continue expanding our product offering for all our users who use crypto in their daily lives. This acquisition is a testament to our commitment to continue to grow and to our mission of making crypto useful for everyone.”

Founded in 2016 and headquartered in Gibraltar, Quedex is known for its high-performance, low-latency, and high-throughput trading engine built using cutting edge technology, which supports leveraged trading in cryptocurrency futures and options. Additional trading features include portfolio margining and a Liquidator Risk Transfer risk management system compliant with regulatory standards.

Notably, Quedex was the first cryptocurrency derivatives company to be regulated in Gibraltar under the GFSC DLT license: the same framework that regulates Bitso. Quedex’s board of directors has stepped down and a new board was appointed.

Quedex’s technology was built by an in-house expert team of software engineers and quants. The whole team has joined Bitso and will continue supporting the development of its trading technologies.

“We’re excited to join the Bitso team to bring our tech to Latin America,” said Wiktor Gromniak, former CEO of Quedex and incoming Head of Trading Engine at Bitso Alpha. “Bitso and Quedex are united in our missions to make crypto useful. Bitso has done an excellent job of doing that, both for the mass market and for professional traders. This is a mutually beneficial development for both of our companies’ users.” Wojtek Kostrzewa, Quedex’s previous Chairman emphasized that “all co-founders at Quedex have decided to take equity positions in Bitso and intend to support its further development.”

2020 marked a year of significant progress for Bitso, as it expanded into several major Latin American markets and crossed the one million user landmark. In February 2020, Bitso launched its services in Argentina, capturing nearly 80 percent market share by the end of the year. In December, the company announced a $62 million Series B round led by distinguished investment firms Kaszek Ventures and QED Investors — both firms’ first investment in the crypto space. Bitso plans to use these funds to grow its presence in Brazil, the newest market for the company.

CryptoNinjas » LATAM crypto exchange Bitso acquires Quedex trading platform

Title: LATAM crypto exchange Bitso acquires Quedex trading platform
Sourced From: www.cryptoninjas.net/2021/02/11/latam-crypto-exchange-bitso-aquires-quedex-trading-platform/
Published Date: Thu, 11 Feb 2021 15:56:46 +0000

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Binance Coin Rate Evaluation: BNB Goes Parabolic With 150% Weekly Gains, What’s Next?

BNB/USD – Bulls Set Fresh ATH Near $150.

Key Support Levels: $110, $105, $100.
Key Resistance Levels: $130, $137.70, $148.37.

Binance Coin has absolutely exploded this week after surging by a total of 149%. The coin was trading at just $50 a few days ago as it started to push higher to reach $80 on Monday.

From there, it started to turn extremely parabolic as it broke past $100 yesterday and continued higher today to set a new ATH price at $148.37 (1.618 Fib Extension).

This type of growth for a top-20 ranked cryptocurrency is truly remarkable. The cryptocurrency has now climbed into the 7th position as it holds an $8.5 billion market cap.

bnbusd-feb10
BNB/USD Daily Chart. Source: TradingView

BNB-USD Short Term Price Prediction

Moving forward, the first level of resistance lies at $130. This is followed by $137.70 (1.414 Fib Extension) and $148.37 (1.618 Fib Extension). Beyond $150, additional resistance lies at $160, $170.94 (1.272 Fib Extension – orange), and $182.87 (1.414 Fib Extension – orange).

On the other side, the first support lies at $110. This is followed by $105 (.382 Fib), $100, and $91.65 (.5 Fib). Additional support lies at $78.22 (.618 Fib).

The RSI is now in extremely overbought conditions above 80, indicating the bulls might be a little overextended right now.

BNB/BTC – Bulls Recover to Septmeber 2020 Highs.

Key Support Levels: 0.00265 BTC, 0.0024 BTC, 0.00216 BTC.
Key Resistance Levels: 0.003 BTC, 0.000316 BTC, 0.00034 BTC.

BNB is also performing very well against Bitcoin. During Q4 2020, BNB was in a constant decline as it fell from 0.0022 BTC to reach as low as 0.00123 BTC by the years’ end. It continued to dip lower in January until support was found at 0.00107 BTC.

At the start of February, BNB was trading at around 0.0015 BTC. Yesterday, it surged higher to break above the 200-days EMA and 0.002 BTC to reach as high as 0.0025 BTC. Today, the price surge continued further as BNB drove past the 2018 highs at 0.00265 BTC to reach the September 2020 highs at 0.00316 BTC.

It has since dropped lower and is trading around 0.00278 BTC.

bnbbtc-feb10
BNB/BTC Daily Chart. Source: TradingView

BNB-BTC Short Term Price Prediction

Looking ahead, the first level of resistance is located at 0.003 BTC. This is followed by 0.00316 BTC (September 2020 high), 0.0034 BTC (1.272 Fib Extension), 0.00353 (1.414 Fib Extension), and 0.00371 BTC (1.618 Fib Extension).

On the other side, the first support lies at 0.00265 BTC (2018 High). This is followed by 0.0024 BTC (.382 Fib), 0.00216 BTC (.5 Fib), and 0.002 BTC.

The RSI has also entered the extremely overbought territory, indicating the bulls might be a little overextended right now.

Title: Binance Coin Price Analysis: BNB Goes Parabolic With 150% Weekly Gains, What’s Next?
Sourced From: cryptopotato.com/binance-coin-price-analysis-bnb-goes-parabolic-with-150-weekly-gains-whats-next/
Published Date: Wed, 10 Feb 2021 15:58:27 +0000

Bitcoin’s Volatility Will certainly Quit Companies From Adhering to Tesla’s Instance, JPM Planners Say

Tesla’s massive $1.5 billion BTC purchase could be too risky for other large corporations to follow, argued JPMorgan Chase & Co strategists. They reasoned with bitcoin’s volatility that could prevent more old-school investors and individuals from allocating funds in the crypto asset.

Corporations May Not Follow Tesla, JPM Says

Elon Musk’s electric vehicle and clean energy company has bought $1.5 billion (15% of its net cash holdings) in bitcoin, as revealed earlier this week. Apart from the immediate positive effect on the asset’s price, most crypto proponents believe that many more companies will follow.

Some of the initial speculations breached the world’s most valuable firm – Apple, while an anonymous Max Keiser source said it could be the IT giant Oracle.

However, analysts from the large US multinational investment bank JPMorgan offered the opposite opinion. Cited by Bloomberg, they admitted that the move would draw the spotlight on bitcoin but called it too risky for most:

“The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of Bitcoin.” Even making a small 1% allocation in BTC “would cause a big increase in the volatility of the overall portfolio.”

The strategists argued that bitcoin’s annualized volatility is at 80%, which will make the entire corporate treasury portfolio significantly more volatile even with a 1% allocation.

Michael Saylor Disagrees

MicroStrategy’s co-founder and CEO, Michael Saylor, would probably disagree with JPM’s narrative that corporations might find investing in bitcoin too risky and volatile.

Upon also purchasing more than $1 billion in BTC for himself and the company that he runs, the executive decided to run educational panels for corporations on if and how they could turn bitcoin into their reserve treasury asset.

The reported figures seemed quite impressive as nearly 7,000 enterprises took part. Saylor also doubled-down on his belief that large companies should indeed put some, if not most, of their excess cash into the cryptocurrency during a recent CNN interview.

He asserted that the COVID-19 pandemic “changed everything” in the financial world. Global superpowers, including the US, began expanding their money supply by 15% or more, which is a trend that will only intensify in the next 4-8 years.

As such, Saylor believes that cash is a “dilutive” asset because it’s losing 15% of its purchasing power per year. In contrast, if corporations convert their cash holdings to the “best performing asset, which is bitcoin,” it would be “really good for shareholder value.”

Title: Bitcoin’s Volatility Will Stop Corporations From Following Tesla’s Example, JPM Strategists Say
Sourced From: cryptopotato.com/bitcoins-volatility-will-stop-corporations-from-following-teslas-example-jpm-strategists-say/
Published Date: Wed, 10 Feb 2021 15:58:23 +0000

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The Winklevoss Twins, Paolo Maldini, and 76ers’ Michael Rubin to Have Individual NFTs On Ethernity

Several well-known individuals, including Gemini’s co-founders the Winklevoss twins, soccer legends Christian Vieri and Paolo Maldini, and Philadelphia 76ers owner Michael Rubin, are set to join the NFT craze. Each will have his own personal digital artwork as a non-fungible token (NFT) on the Ethernity platform.

Digital Artwork On Ethernity With Famous Individuals

Founded by the early Bitcoin adopter Nick Rose Ntertsas, Ethernity is an initiative that explores various applications for non-fungible tokens focusing on art, decentralized finance (DeFi), and charity. It enables celebrities and public figures to endorse digital artwork created by popular artists.

Moreover, Ethernity promises that a portion of the proceeds goes to charitable causes supported by the particular individual.

In a press release shared with CryptoPotato, the project announced its debut collection that includes numerous celebrities. Namely, those are the founders of the crypto exchange Gemini – Cameron and Tyler Winklevoss, the Italian soccer world champions Paolo Maldini and Christian Vieri, the owner of the Philadelphia 76ers Michael Rubin, and the DJs Alesso, Dimitri Vegas, and Like Mike.

Christian Vieri And Paolo Maldini. Source: Mauro Tarzariol
© Mauro Tarzariol

As with most similar projects, each digital artwork will be represented as “one of a kind quality trading card NFTs and unique animation art pieces.”

Apart from the names mentioned above, Ethernity has also secured a “vast” amount of NFTs endorsed by other celebrities as its goal is to build the “biggest library of authenticated NFTs.”

The statement provided some of the artists’ names working on the digital art – Mad Dog Jones and Esteban Diacono.

The Growing NFT Craze

NFT is among the latest trends in the cryptocurrency industry as multiple celebrities have already taken advantage of the option to have their art digitalized.

The Star Trek star William Shatner sold 125,000 blockchain-based NFTs in hours consisting of unique pictures of his legendary career.

The heiress to the Hilton Hotel empire, Paris Hilton, and the actor and investor Ashton Kutcher followed in late 2020 as they raised thousands of dollars in Ethereum for charity.

Most recently, the popular YouTuber Paul Logan also got on board. Additionally, the prices of some of the digital artwork could go to extreme highs as users could spend up to six-figure amounts for one NFT.

Title: The Winklevoss Twins, Paolo Maldini, and 76ers’ Michael Rubin to Have Personal NFTs On Ethernity
Sourced From: cryptopotato.com/the-winklevoss-twins-paolo-maldini-and-76ers-michael-rubin-to-have-personal-nfts-on-ethernity/
Published Date: Wed, 10 Feb 2021 15:58:17 +0000

Wall surface Street Journal commenters lambast $1.5 billion Bitcoin purchase by Tesla

Yesterday, Tesla shocked the crypto space when the firm was revealed to have purchased $1.5 billion—yes, billion—worth of Bitcoin.

As reported by CryptoSlate previously, a filing  with the US Securities and Exchange Commission (SEC) said that the firm had purchased this Bitcoin to provide “more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.” The filing also indicated the firm may accept Bitcoin for its vehicles in the future.

“Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the document noted.

The move has been widely accepted within the crypto space, seeing that this marks a validation of Bitcoin and of MicroStrategy’s thought that treasuries should invest idle cash in BTC to mitigate inflation risk.

Michael Saylor, CEO of MicroStrategy, for instance, stated:

“Congratulations & thank you to Elon Musk & Tesla for adding Bitcoin to their balance sheet.  The entire world will benefit from this leadership.”

But not everyone is satisfied with this move.

Not everyone is liking Tesla’s move to buy Bitcoin

The Wall Street Journal report that outlined Tesla’s purchase of Bitcoin was brigaded by seeming Bitcoin skeptics that think the automotive/green technology company holding BTC will mark its end.

Commenters, whose names have been redacted for privacy reasons, made comments like “This con is going to end badly for so many people” and “[Imagination] supports the value of Bitcoin.”

Image

On Twitter, a number of other skeptics made similar comments, with many in the Tesla shorter community bringing this up as a way both the cryptocurrency and TSLA could go down in flames.

This pushback against what many in the crypto space have dubbed a sound business decision comes as billionaires have begun to embrace Bitcoin alongside Elon Musk.

Anthony Scaramucci, the founder of alternative investment firm Skybridge, recently said on the cryptocurrency:

“Bitcoin is a monetary network. Looking at what has happened in the 21st century, we’ve seen the evolution of a retail network that’s known as Amazon. We’ve seen the revolution of a social network called Facebook. We have a search and advertising network known as Google.”

Ray Dalio, the famous Wall Street hedge fund manager, also recently clarified that he thinks Bitcoin is “one hell of an invention” and that he sees it as a potential contender as “both a type of money and a storehold of wealth is an amazing accomplishment.”

Disclaimer: This author is an analyst at ParaFi Capital. ParaFi Capital may hold positions in assets mentioned in this article. The views displayed in this article are opinions of the author—and the author only. 

The post Wall Street Journal commenters lambast $1.5 billion Bitcoin purchase by Tesla appeared first on CryptoSlate.

Title: Wall Street Journal commenters lambast $1.5 billion Bitcoin purchase by Tesla
Sourced From: cryptoslate.com/wall-street-journal-commenters-lambast-1-5-billion-bitcoin-purchase-by-tesla/
Published Date: Wed, 10 Feb 2021 15:57:59 +0000

Michael Saylor promotes financial empowerment with free “Bitcoin for Everybody” course

Michael Saylor has made many worthy contributions since bursting onto the cryptocurrency scene. His latest, the free “Bitcoin for Everybody” course, intends to give beginners a basic rundown of the leading cryptocurrency.

In a tweet, Saylor said the course would help those looking to get into Bitcoin. This, he hopes, will promote economic empowerment and may also convert an army of no-coiners into believers.

“Introducing Bitcoin for Everybody – a free course to educate the world on #bitcoin and assist anyone seeking to harness this digital monetary network to promote economic empowerment.”

Course overview

The “Bitcoin for Everybody” course takes around 12 hours to complete. It consists of articles, lectures, and videos to take students through the basics of Bitcoin. The five-unit course ends with a final examination and a free certificate upon successful completion.

The course units are economics, investment, history and philosophy, technology, and Bitcoin in practice. At the end of the course, students will understand the landscape and be confident in transacting.

“Once you have completed this course, you will have a basic level of Bitcoin knowledge and be able to start interacting with Bitcoin by buying, receiving, storing, and spending it.”

Saylor’s contribution to Bitcoin

Saylor’s MicroStrategy hit the headlines last August when it became the first publicly listed company to hold significant BTC quantities as a treasury strategy. He has since done countless interviews and tweets to promote the cause.

He believes buying BTC can protect against the inflationary aspects of fiat currency. But more than that, he sees a growing realization of this, leading to a tipping point of mass institutional inflows.

“Once people start thinking about what they want, which is a non-sovereign, safe-haven store of value, they’re going to realize that Bitcoin does the job of gold better, and you’re seeing all of the institutional flows move out of gold into Bitcoin.”

Saylor mentioned that his day to day interactions highlighted a demand to copy what MicroStrategy did. But there’s much uncertainty on how to do it, as well as the regulatory and legal ramifications of doing so.

This is why his recent “Bitcoin for Corporations” seminar was developed. The free two-day event ended on February 5 and was a smash hit, pulling in 8,197 attendees from 6,917 different companies.

After sharing the playbook, Saylor said he expects an avalanche of companies to buy Bitcoin in the coming 12 months.

Giving interviews and tweeting about Bitcoin is great. But Saylor takes his belief in economic empowerment through Bitcoin to the next level. His efforts in bringing free educational resources for both individuals and corporations have done more than any governmental body.

The post Michael Saylor promotes economic empowerment with free “Bitcoin for Everybody” course appeared first on CryptoSlate.

Title: Michael Saylor promotes economic empowerment with free “Bitcoin for Everybody” course
Sourced From: cryptoslate.com/michael-saylor-promotes-economic-empowerment-with-free-bitcoin-for-everybody-course/
Published Date: Wed, 10 Feb 2021 15:57:56 +0000

StablyUSD (USDS) stablecoin pertains to Tezos blockchain

Fintech company Stably has launched USDS, its USD-backed stablecoin that had previously been issued on Ethereum, on the Tezos blockchain, according to an announcement shared with CryptoSlate today.

“The decision to issue USDS on Tezos was prompted by high and rising gas costs on Ethereum. In contrast, Tezos has a built-in upgrade mechanism that allows the community to easily add new features and functionality improvements to the protocol without sacrificing network effects and long-term stability, including the recent Delphi upgrade which slashed gas costs by as much as 80%,” the company explained.

Stablecoins are a special type of cryptocurrency tokens that are pegged to fiat currencies. Unlike “traditional” crypto, they are designed to always maintain the price of their underlying assets in a 1:1 ratio. This means that one USDS—or other similar stablecoins such as Tether (USDT)—should constantly be worth $1.

Additionally, stablecoins effectively allow traders to use an equivalent of USD on exchanges that don’t support transactions with fiat. To maintain their prices and make sure that stablecoins are always redeemable, their issuers must keep the corresponding amount of fiat funds in their treasuries.

Per the announcement, USDS is built upon the FA2 token standard and is redeemable at a 1:1 ratio for US dollars. Thanks to the integration of Tezos’ Permit protocol (TZIP-17), USDS also supports meta-transactions and gasless transfers, enabling “low-cost, high-speed transactions and cross-border payments.”

Tomorrow’s episode of TezTalks Live from @TezosCommons features a conversation with Co-Founder and CEO of @Stablycoin, @KoryHoang.

Tune in to hear about Stably’s USDS stablecoin and why they chose to build on #Tezos. https://t.co/8qRMJ9QRX8

— Tezos (@tezos) February 3, 2021

“We’re thrilled to continue building our vision of a borderless financial system on Tezos so that we can provide banking services to people around the world while maintaining rigorous compliance and security standards,” noted Kory Hoang, CEO and co-founder of Stably.

1/ Breaking major news from US Treasury OCC, the largest US banking regulator (@USOCC), with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. https://t.co/gQFWISWUnc

— Jeremy Allaire (@jerallaire) January 4, 2021

As CryptoSlate reported, the Office of the Comptroller of the Currency gave stablecoins a massive boost in early January when it allowed American banks to use public blockchains and dollar stablecoins for settlements.

The post StablyUSD (USDS) stablecoin comes to Tezos blockchain appeared first on CryptoSlate.

Title: StablyUSD (USDS) stablecoin comes to Tezos blockchain
Sourced From: cryptoslate.com/stablyusd-usds-stablecoin-comes-to-tezos-blockchain/
Published Date: Wed, 10 Feb 2021 15:57:53 +0000

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Parabolic growth places Complete Value Secured (TVL) in DeFi at document $35.8 B.

The U.S. dollar value of cryptocurrency liquidity locked in decentralized finance (DeFi) hit $35.8 billion. What’s more, this growth came about not from the usual suspects, such as Link or Aave. Instead, a raft of lesser-known DeFi protocols has been dominating the market over the last seven days.

TVL in DeFi summary
Source: defipulse.com

The Total Value Locked (TVL) in DeFi

The Total Value Locked (TVL) in DeFi serves as a high-level valuation metric to determine the amount of assets currently staked in the DeFi space as a whole.

“TVL measures the total value of the tokens locked within these dapps with the argument going that the higher the value locked up in a DeFi dapp, the better.”

Since DeFi burst onto the scene back in August 2017, the TVL has risen exponentially. At the end of 2018, TVL was around $300 million. By 2019 it was $800 million. However, the end of 2020 saw an astonishing year-end close of around $15 billion.

The rate of growth over time has shocked many observers leading some to believe DeFi is a bubble primed to pop. But Justin Banon, CEO of Boston Protocol, argues that its disruption of centralized finance is what will continue to drive growth.

“It is all about unbundling the tightly controlled monoliths of the incumbents and allowing the brightest and the best to build the products that are useful to them, while opening up access for everyone — not just the privileged few — to gain access to the data and opportunities that can give them the best returns.”

Today’s $35.8 billion valuation represents +132% growth in the five weeks since the start of 2021.

Currently, the top three protocols are Maker, Aave, and Compound, which account for $6.03B, $5.66B, and $4.15B of the TVL in DeFi. Interestingly, all three are lending protocols.

Decentralized exchanges make up the next biggest category. With Curve Finance ($3.85B), Uniswap ($3.67B), and SushiSwap ($3.13B) way ahead of the rest of the pack.

Which DeFi tokens are riding high at the moment?

The total crypto market cap pushed to a new all-time high today at $1.3 trillion. A good proportion of this growth has come from the performance of DeFi tokens over the last week or so.

While Maker and Aave have done their part, gaining 79% and 78% respectively since last Monday, small-cap offerings led the charge.

In the top spot is Anyswap, a fully decentralized cross-chain swap protocol, with close to 500% gains. It recently registered a new all-time high, at $1.51 on February 5th. At the start of 2021, ANY was trading for just $0.16.

In amongst the mix of small-caps is Fusion, which describes itself as an all-inclusive blockchain-based financial platform offering cross-chain, cross-organization, and cross-data source services through smart contracts. FSN also posted unbelievable gains this past week, with almost 200% growth in its price.

Top ten DeFi gainers over the last seven days
Top ten DeFi gainers over the last seven day. Source: coinmarketcap.com

Today, average Ethereum gas fees are down to $16.27. The YTD high was $25.19 on February 5th.

For more information, explore all DeFi coins on CryptoSlate.

The post Parabolic growth puts Total Value Locked (TVL) in DeFi at record $35.8B appeared first on CryptoSlate.

Title: Parabolic growth puts Total Value Locked (TVL) in DeFi at record $35.8B
Sourced From: cryptoslate.com/parabolic-growth-puts-total-value-locked-tvl-in-defi-at-record-35-8b/
Published Date: Tue, 09 Feb 2021 14:33:59 +0000

Elon Musk gets “congratulated” by Michael Saylor after Tesla’s $1.5 billion Bitcoin splurge

The electric carmaker purchased over 37,000 Bitcoin, filings from today showed. And the firm’s CEO is getting congratulated by an institutional Bitcoin bull.

Congrats, Musk!

MicroStrategy CEO Michael Saylor is a happy man. The Bitcoin convert has picked up over a billion dollars worth of the asset last year, majorly through his company’s treasury and a minor portion for personal accounts.

He’s been preaching the Bitcoin cause strongly in the past week. Saylor considers it to be the ultimate hedge against global inflation, a bleak economy, and falling yields across traditional asset classes such as bonds and equities.

Today, Saylor extended his regards to Elon Musk, minutes after the latter almost broke the internet today after a recent development amidst relentless tweeting of meme coin Dogecoin in the past week.

As CryptoSlate reported this morning, electric carmaker Tesla, the firm chaired by Musk, was found to have purchased over $1.5 billion worth of Bitcoin in the past months, a filing made to the US Securities and Exchange Commission showed.

“We invested an aggregate $1.50 billion in Bitcoin under this policy,” read Tesla’s Form K-10, referring to a policy change that stated Tesla would further diversify and maximize returns on its cash and was not required to maintain “adequate operating liquidity.”

The firm, and Musk, received a welcome of sorts to the Bitcoin side by Saylor. “Congratulations & thank you to Elon Musk & Tesla for adding Bitcoin to their balance sheet.  The entire world will benefit from this leadership,” he tweeted, suggesting the move was a door for many other companies to follow in Tesla’s footsteps.

Congratulations & thank you to @elonmusk & @Tesla on adding #Bitcoin to their balance sheet. The entire world will benefit from this leadership.https://t.co/FVTepBqAI2

— Michael Saylor (@michael_saylor) February 8, 2021

Tesla to soon accept Bitcoin?

As such, the move came on the back of Saylor’s own Bitcoin “playbook,” a set of guidances and conferences designed to help company executives and investors into their first Bitcoin purchase. It includes legal, regulatory, and technical information—It’s the same groundwork that MicroStrategy followed for its own purchase.

Meanwhile, Tesla might just start taking Bitcoin as a payment for its electric vehicles.

“Moreover, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the filing read.

Whoever said Bitcoin would never see the light of the day?

The post Elon Musk gets “congratulated” by Michael Saylor after Tesla’s $1.5 billion Bitcoin splurge appeared first on CryptoSlate.

Title: Elon Musk gets “congratulated” by Michael Saylor after Tesla’s $1.5 billion Bitcoin splurge
Sourced From: cryptoslate.com/elon-musk-gets-congratulated-by-michael-saylor-after-teslas-1-5-billion-bitcoin-splurge/
Published Date: Tue, 09 Feb 2021 14:33:56 +0000