El Salvador’s $1bn bitcoin-backed bond could tap deep wells of capital among cryptocurrency enthusiasts after many big international investors have shunned the project. Demand from bitcoin “whales” — investors holding large quantities of the world’s biggest cryptocurrency — is likely to be crucial to fundraising for the bond, according to people involved with the effort. Paolo Ardoino, chief technology officer at Bitfinex — which is set to provide the tech platform for the deal… Source link

Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries has obtained a bitcoin-backed loan to purchase additional Source link

Ethereum holders have been filling up their bags while the broader market had panicked through the dip it seems. The digital asset which had suffered from crashes and dips that had hit the market had seen its value fall as low as $2,500. However, these ‘diamond hands’ holders had remained unfazed given that data showed that they continued to accumulate ETH tokens all through the market dip. Ethereum Holders Load Up Ethereum holders, especially those who have held for longer, are more… Source link

The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold  above $3,400.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has been oscillating around $48,000 since it broke out above $45,000 early on March 28 and bulls are now debating whether a bull run to $80,000 is on the cards. BTC/USDT 1-day chart. Source:… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Image source: Getty Images Several factors are cutting the available supply of Ethereum on crypto exchanges, driving up the price of the ETH coin. Key points The price of Ethereum has jumped 15% in the past week and 40% since Mar. 7. The available supply of Ethereum on crypto exchanges is at a… Source link

Image source: Getty Images Everything you need to know about the merge — the next step on Ethereum’s journey. Key points The Ethereum merge will see the blockchain transition from a proof-of-work validation model to a proof-of-stake one. The merge will reduce Ethereum’s energy consumption by… Source link

Investing in Altcoins now could result in millions in return later. But what is an altcoin specifically? The term “altcoin” refers to a digital asset (such as a coin or token) that is not Bitcoin (BTC) – the biggest name in crypto and the most expensive digital asset out there. The goal of altcoins is to use the crypto network, which is built on open-source blockchain technology, to provide alternative use cases to the existing financial system and large tech corporations. The goal for… Source link

Cryptocurrencies have been uncertain for the last two months after the retreat from November until January, with the sentiment turning on and off every few days, forcing them to trade within a tight range. But, in the last two weeks, the sentiment has improved and cryptos have been crawling higher, which seems like a trend reversal, although it is still too early to tell. Litecoin and Fantom have some resistance to take out above, so the larger trend is not bullish yet, until those… Source link

Text size A rise in bitcoin prices is supported by technical factors. Dreamstime Bitcoin, ether, and other… Source link