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A new lending product from Xapo Bank allows qualifying members to access USD loans using their bitcoin holdings as collateral. This enables bitcoin holders to tap into the fiat value of their assets without having to sell. Xapo Bank, a licensed bank focused on bitcoin services, launched bitcoin-backed lending this week. Eligible members can now…
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Bitcoin evangelist and founder of Strategy (formerly MicroStrategy) Michael Saylor has taken to social media to make the announcement that his company is launching a new stock offering to raise money for further Bitcoin purchases, Strife (STRF). Saylor revealed that this offering was made for both institutional and select noninstitutional investors. He also shared a…
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When it comes to cryptocurrency, traders look at different indicators to try and predict where the market is going, and one of the most battle tested technical analysis tools can be called Bollinger Bands. Right now, the Bollinger Bands are showing a bearish signal for Bitcoin BTCUSD as, if you look at the BTCUSDT chart from…
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Gibraltar-based private bank Xapo said Tuesday it is now accepting members’ Bitcoin as collateral for loans. The new service allows customers to access up to $1 million in Bitcoin-backed debt, except for those located in the UK and Australia, Gadi Chait, a Xapo investment manager, told Decrypt. “We think it’s a great piece of collateral…
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Key Takeaways A crypto whale was identified as a cybercriminal using stolen funds for high-leverage Bitcoin trades. The whale secured a $9 million profit despite a coordinated effort to liquidate their short position. Share this article A crypto whale who recently placed a massive short position on Bitcoin has been identified as a cybercriminal using…
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Figure 1. Preferred detailed, long-term EWP count for Bitcoin. Weekly chart top, monthly chart bottom.Based on the weekly and monthly chart, where we count down weeks and months as corrective, 2nd, and 4th waves, allowing us to account for >99% of all price action, we find Bitcoin still needs at least one larger (red W-v)…
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Xapo Bank is providing its members access to Bitcoin-backed lending and loans, allowing them to leverage their Bitcoin holdings as collateral. The product will initially offer several features to protect members’ investments and aims to ease borrowing while also enabling qualifying members to retain their Bitcoin as a long-term financial instrument. By using Bitcoin as…
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Strategy (MSTR) Tuesday morning unveiled its latest twist at raising funds from capital markets to fund additional bitcoin (BTC) purchases, but there are indications the Wall Street spigot is slowing. The company’s Perpetual Strife Preferred Stock (STRF) offers a fixed 10% annual cash dividend, paid quarterly, according to an SEC filing If dividends are unpaid,…
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Strategy, formerly known as MicroStrategy, said on Tuesday that the software firm plans to raise as much as $500 million through a new offering to buy more Bitcoin. The company plans to issue a new form of perpetual preferred stock called Strife, which will cost $100 per share and pay a fixed rate of 10%,…
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Ahead of a much-anticipated phone call between U.S. President Donald Trump and Russia’s president Vladimir Putin, Bitcoin‘s BTC/USD price action remains closely tied to the outcome of a potential ceasefire in Ukraine. What Happened: According to Polymarket data, a ceasefire in Ukraine has a 61% chance of being announced until July and a 76% chance…