Elon Musk Changes Twitter Profile to Bitcoin, Tweets ‘It Was Inevitable’ — BTC Price Skyrockets
Elon Musk has changed his Twitter profile to just “#bitcoin.” The Spacex and Tesla CEO also tweeted, “In retrospect, it was inevitable.” The price of bitcoin immediately soared.
Elon Musk’s Bitcoin Twitter Profile and Tweets
Spacex and Tesla CEO Elon Musk changed his Twitter profile to “#bitcoin” on Friday morning. He also made a cryptic tweet that says, “In retrospect, it was inevitable.” At the time of writing, his tweet has been liked over 152.6K times, retweeted 22.2K times, and commented on 12.8K times. The billionaire entrepreneur has about 43.8 million followers on Twitter.
The tweet was made at 3:22 AM EST on Jan. 29 when the price of bitcoin was hovering around $32,212 based on data from markets.Bitcoin.com. Immediately after the tweet, the price of bitcoin shot up and peaked at about $37,803, which was more than a 17% surge before retreating slightly. The current BTC price stands at $36,965.
Many people on Twitter see Musk’s tweet and profile change as a massive endorsement for bitcoin. Morgan Creek Digital partner Anthony Pompliano commented:
Elon Musk, one of the richest men in the world and the greatest innovator of our time, has only one word in his Twitter bio: bitcoin … Tesla and Spacex adding bitcoin to their balance sheet is now inevitable.
The Tesla CEO overtook Amazon CEO Jeff Bezos as the world’s richest man early this month but has since fallen back to second place, according to Forbes’ real-time billionaire list. Another billionaire, Twitter CEO Jack Dorsey also has his Twitter profile set to just #bitcoin.
Musk has been tweeting about bitcoin regularly. He had repeatedly said before that he only owns 0.25 BTC which was gifted to him by a friend. In December, he pondered about putting some of Tesla’s treasury into bitcoin.
He has also been tweeting plenty about dogecoin and recently participated in a doge pump. His Twitter profile used to display: “Former CEO of Dogecoin.”
What do you think about Elon Musk changing his Twitter profile to #bitcoin? Let us know in the comments section below.
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$180 Million Bitcoin Investment Fund IPOs on Canadian Stock Exchange
Canadian investment management firm Ninepoint has completed an initial public offering (IPO) of its bitcoin fund on the Toronto stock exchange. The company says the offering is the largest IPO of a bitcoin investment fund in Canada to date.
- Ninepoint Partners announced Wednesday that its Bitcoin Trust has completed an initial public offering (IPO) of CAD$230 million ($180 million).
- “It is the largest initial public offering of a bitcoin investment fund in Canada to date,” said John Wilson, Ninepoint’s co-CEO and managing partner.
- The fund’s Class A units are now trading on the Toronto Stock Exchange in both U.S. dollars and Canadian dollars under the symbols BITC.U and BITC.UN respectively.
- The fund seeks to provide investors with exposure to bitcoin “through an institutional-quality platform that is cost-efficient” to them and “to provide a secure, simpler and exchange-traded investment alternative for buying and holding bitcoin.” The fund invests in BTC directly.
- The fund’s bitcoin will be valued based on the MVIS Cryptocompare Institutional Bitcoin Index, which is maintained by MV Index Solutions GmbH (MVIS) or a successor or alternative institutional-quality index. Ninepoint will act as the fund’s trustee and manager
- MVIS is a wholly-owned subsidiary of Van Eck Associates Corp., which recently filed applications to list and trade bitcoin exchange-traded funds with the U.S. Securities and Exchange Commission (SEC).
Do you think more bitcoin funds should trade on stock exchanges? Let us know in the comments section below.
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Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security
Another class-action lawsuit has been filed against Ripple Labs and CEO Brad Garlinghouse. This lawsuit follows the one filed by the U.S. Securities and Exchange Commission (SEC) alleging that the defendants sold XRP, which it considers unregistered security, for over $1.38 billion.
- The lawsuit, filed Monday in a Florida district court alleges that the “sale of XRP cryptocurrency tokens to Florida residents” violates Florida securities laws.
- The suit names Ripple Lab Inc., XRP II LLC, and Garlinghouse as the defendants. They have allegedly sold “millions of dollars (or more)” in XRP tokens since 2013 without registering either with federal or Florida authorities.
- Recently, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, Garlinghouse, and co-founder Christian Larsen alleging that they sold over 14.6 billion units of XRP for at least $1.38 billion. After the SEC’s lawsuit, several major cryptocurrency exchanges delisted XRP, including Coinbase, Binance, Okcoin, and Blockchain.com. Ripple has insisted that XRP is not a security and plans to fight the SEC charges.
- The plaintiff, Tyler Toomey, said he purchased 135 XRP on or around Nov. 24, 2020, for $97.80 and then sold the coins at a loss. The lawsuit states that the “plaintiff sustained a loss of $48.56, or just over 50% of his initial investment.)” Although the plaintiff’s own loss is small, he “seeks to represent a class defined as all persons or entities in the State of Florida who purchased XRP.”
- Toomey is seeking monetary compensation including “reasonable” attorney’s fees, expenses, and costs of the suit, on his own behalf and on behalf of other class members.
What do you think about this new lawsuit against Ripple over XRP? Let us know in the comments section below.
- Published in Uncategorized
Real-Time Blockchain-to-Everything Platform PARSIQ (PRQ) Now Listed on OKEx
PRESS RELEASE. PARSIQ, a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time, announced that its PRQ token is now listed on OKEx with USDT base pair.
Please take note of the following go-live schedule:
- PRQ Deposit : 07:00am January 28, 2021 (UTC)
- PRQ Spot Trading : PRQ /USDT: 10:00am January 28, 2021 (UTC)
- PRQ Withdrawal : 10:00 January 29, 2021 (UTC)
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. PARSIQ’s features automate the blockchain analytics and monitoring process, providing customizable workflows with real-time intelligence.
Developers and individual users can transform the blockchain data to their favorite off-chain application or web service.
Among the obvious use cases is monitoring the wallets of traders and ordinary users. Among the non-obvious are complex system integrations for financial institutions and DeFi projects that use the PARSIQ infrastructure to improve security, conduct audits, comply with regulatory requirements, AML, and expand their workflows in other ways.
The infrastructure underneath PARSIQ’s user interface is built with their proprietary programming language ParsiQL, and its users’ benefits are multiplying with each supported integration.
PRQ Token
PARSIQ Token (PRQ) is an essential piece of the PARSIQ platform that co-exists with FIAT payments for using its services. Payments within the platform that are made in PRQ tokens guarantee a discounted rate. During the first Epoch when PRQ tokens are used as payment for running Smart-Triggers users receive higher execution limits, unlock transport methods, and are able to propose features that can be added to the platform.
In October 2020, the PARSIQ team released plans for Epoch 2.0.
#1. Public Projects
With Public Projects users can subscribe to existing PARSIQ Projects that were pre-made by other users. By paying in PRQ, users that have subscribed to the Public Project will incentivize the creators to create interesting, complex, and more important – problem-solving projects.
#2. User Data and PRQ
Every single monitoring target (primitive of type address, a struct with the field of address type, table row) would require 1 PRQ to hold after the implementation. It means that if there are 1000 addresses (960 in the table as rows, 30 as primitives, 10 in the structs) then the User would need 1000 PRQ on the connected Ethereum Account balance.
#3. IQ Protocol
IQ Protocol will allow risk-free PRQ lending and collateral-less borrowing. Risk-free PRQ lending means that PRQ is not transferred from the lender’s address to the borrower’s address. Details on the algorithm are available in the dedicated explainer on PARSIQ’s blog.
#4. PRQBoost
PRQ Boost is a liquidity boost program to incentivize PRQ/ETH liquidity providers on Uniswap, which goes with the PRQBOOST utility tokens to increase rewards for liquidity providers.
PARSIQ is actively working to partner with major layer 1 blockchain protocols to expand the range of blockchain integrations and give projects that build on those protocols the ability to monitor and automate workflows between blockchain and off-chain.
Visit the PARSIQ website to discover some possible use-cases and find more details on the project and token: https://parsiq.net
Media contact: [email protected]
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
- Published in Uncategorized
Dogecoin Price Skyrockets 325%, Crypto Fueled by Elon Tweets and Redditors
The infamous meme token dogecoin has been skyrocketing in value rising more than 325.21% during the last 24 hours. After remaining below a U.S. cent for years, the humorous crypto asset is now exchanging hands for $0.05 per unit. The reason behind the big dogecoin price spike is similar to the recent Gamestop/Wallstreetbets story as a Reddit group called Satoshistreetbets has been behind the recent pump.
In April 2019, the Tesla founder Elon Musk said dogecoin (DOGE) was his “fav cryptocurrency.” In June 2020, day traders from Tiktok decided to encourage people to buy dogecoin in order to get the price per unit up to a dollar. The dollar price per DOGE never came to fruition, but the crypto asset saw some significant gains from the pump. Then during the first week of January 2021, news.Bitcoin.com reported on dogecoin gathering well over 500% gains during the year.
Now the K-9 crypto asset is making headlines again as the price has been surging during the last 24 hours. DOGE is currently swapping for 5 U.S. cents after trading below a penny for quite some time. The digital asset has a whopping $4.83 billion in global trade volume today and the asset is well above the all-time high (ATH) it captured in 2017.
Weekly stats show dogecoin is up over 585% and during the last 30 days DOGE is up over 1,150%. Against bitcoin (BTC), dogecoin has gained a colossal 871% against the leading crypto asset. Moreover, during the last 12 months, dogecoin has jumped in value by over 2,270%.
Okay I caved and bought the dog stocks lmaoooooo
— Mia K. (@miakhalifa) January 29, 2021
Rumor has it the dogecoin (DOGE) pump was started by the Redditors from r/satoshistreetbets who have been following the recent action spurred by the Gamestop/Wallstreetbets fiasco.
One particular thread talks about holding dogecoin in order to get the price per unit to $10. The Reddit post which is on the front page has over 11,000 upvotes has a lot of participants and people have been discussing the best exchanges to utilize.
Then on Thursday, the popular Elon Musk decided to tweet a meme of a magazine called “Dogue,” which is a play on the “Vogue” magazine title. Moreover, the Onlyfans star, Mia Khalifa, tweeted about the dogecoin madness on Twitter to her 3.4 million followers.
— Elon Musk (@elonmusk) January 28, 2021
The tweet from Musk got the dogecoin crowd excited and one individual tweeted a meme that featured Musk, a bunch of cartoon Doges, and said: “DOGE is the answer.” Dogecoin is also one of the only older coins, besides BTC and ETH, that has managed to surpass its ATH from 2017, while many other older crypto assets have yet to do so.
Dogecoin is over seven years old and was developed by Jackson Palmer and the programmer Billy Markus. The digital currency’s existence has always been to exist for fun, promote laughter, and reach a broader demographic. It has managed to do so and stay in the limelight, as the asset is now holding the 11th position among the top crypto market caps.
The cryptocurrency featuring the likeness of the Shiba Inu dog has 127.7 billion DOGE in circulation. Since the recent price spike, crypto supporters have been hunting for their old dogecoin wallets as the asset is far more valuable today.
What do you think about dogecoin’s meteoric rise during the last year and the gains seen over the last week? Let us know what you think about this subject in the comments section below.
- Published in Uncategorized
Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet
Bitcoin’s current volatility reflects traders’ excitement as the price bounces between key support and resistance levels.
- Published in Uncategorized
YFX.Com – DEX That Offers 100x Trading Leverage on Perpetual Contracts
PRESS RELEASE. YFX, the first DEX that offers 100x trading leverage on perpetual contracts has just launched, adding an important piece to the DeFi money legos, and creating a direct competition against CEX on derivatives trading.
The most traded Bitcoin product in centralized exchanges is Bitcoin futures, which is 10 times bigger than spot trading in terms of the trading volume. But in DEX, spot trading platforms like Uniswap are occupying a large portion of the total trading volume, and there is not a single decentralized futures trading platform that could reach even 1/10 of Uniswap’s trading volume. What stops decentralized futures trading platforms from becoming 10 times bigger than Uniswap? Why are decentralized futures trading platforms performing worse than their centralized counterparts?
The main reason is that decentralized futures exchanges don’t currently provide an attractive futures product to compete with centralized futures exchanges. For instance, centralized futures exchanges like BitMex can provide 100x leverage on Bitcoin futures trading. On the other hand, decentralized futures exchanges like dYdX only offer 10x leverage. None of the decentralized exchanges can keep up with the 100x leverage offering from centralized exchanges.
YFX Descartes V1 uses QIC-AMM and a system de-risk mechanism to migrate perpetual futures trading from CEX to DEX without reducing the trading leverage, which makes YFX the first DEX that could offer 100x leverage on a perpetual contract. You can do everything on YFX that you can do on BitMex or OKEx. YFX is poised to compete directly against established centralized exchanges. YFX Descartes V1 runs on the TRON MainNet, for faster transaction times and cheaper gas fees compared to Ethereum. The YFX team is also working on Ethereum’s Layer 2 solution to provide pragmatic perpetual trading on DEX. YFX team plans to launch their DEX on Huobi Heco and Ethereum Test net in Q1, 2021.
About YFX
YFX is the first DEX that offers 100x trading leverage on perpetual contracts. YFX Descartes V1 launched on the TRON MainNet, and all trades are held and processed by smart contracts. The main goal of the YFX team, which is formed by a group of engineers who have years of experience working on trading systems and blockchain, is to build a DEX that can compete with CEX on derivative trading.
Reference:
Website: https://www.yfx.com/
Trading: https://trx.yfx.com/
Twitter: https://twitter.com/YFX_Defi
Telegram: https://t.me/YFX_EN
Discord: https://discord.gg/xwAtjpabC5
Media Contact: [email protected]
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
- Published in Uncategorized
Elon Musk Changes Twitter Profile to Bitcoin, Tweets ‘It Was Inevitable’ — BTC Price Skyrockets
Elon Musk has changed his Twitter profile to just “#bitcoin.” The Spacex and Tesla CEO also tweeted, “In retrospect, it was inevitable.” The price of bitcoin immediately soared.
Elon Musk’s Bitcoin Twitter Profile and Tweets
Spacex and Tesla CEO Elon Musk changed his Twitter profile to “#bitcoin” on Friday morning. He also made a cryptic tweet that says, “In retrospect, it was inevitable.” At the time of writing, his tweet has been liked over 152.6K times, retweeted 22.2K times, and commented on 12.8K times. The billionaire entrepreneur has about 43.8 million followers on Twitter.
The tweet was made at 3:22 AM EST on Jan. 29 when the price of bitcoin was hovering around $32,212 based on data from markets.Bitcoin.com. Immediately after the tweet, the price of bitcoin shot up and peaked at about $37,803, which was more than a 17% surge before retreating slightly. The current BTC price stands at $36,965.
Many people on Twitter see Musk’s tweet and profile change as a massive endorsement for bitcoin. Morgan Creek Digital partner Anthony Pompliano commented:
Elon Musk, one of the richest men in the world and the greatest innovator of our time, has only one word in his Twitter bio: bitcoin … Tesla and Spacex adding bitcoin to their balance sheet is now inevitable.
The Tesla CEO overtook Amazon CEO Jeff Bezos as the world’s richest man early this month but has since fallen back to second place, according to Forbes’ real-time billionaire list. Another billionaire, Twitter CEO Jack Dorsey also has his Twitter profile set to just #bitcoin.
Musk has been tweeting about bitcoin regularly. He had repeatedly said before that he only owns 0.25 BTC which was gifted to him by a friend. In December, he pondered about putting some of Tesla’s treasury into bitcoin.
He has also been tweeting plenty about dogecoin and recently participated in a doge pump. His Twitter profile used to display: “Former CEO of Dogecoin.”
What do you think about Elon Musk changing his Twitter profile to #bitcoin? Let us know in the comments section below.
- Published in Uncategorized
$180 Million Bitcoin Investment Fund IPOs on Canadian Stock Exchange
Canadian investment management firm Ninepoint has completed an initial public offering (IPO) of its bitcoin fund on the Toronto stock exchange. The company says the offering is the largest IPO of a bitcoin investment fund in Canada to date.
- Ninepoint Partners announced Wednesday that its Bitcoin Trust has completed an initial public offering (IPO) of CAD$230 million ($180 million).
- “It is the largest initial public offering of a bitcoin investment fund in Canada to date,” said John Wilson, Ninepoint’s co-CEO and managing partner.
- The fund’s Class A units are now trading on the Toronto Stock Exchange in both U.S. dollars and Canadian dollars under the symbols BITC.U and BITC.UN respectively.
- The fund seeks to provide investors with exposure to bitcoin “through an institutional-quality platform that is cost-efficient” to them and “to provide a secure, simpler and exchange-traded investment alternative for buying and holding bitcoin.” The fund invests in BTC directly.
- The fund’s bitcoin will be valued based on the MVIS Cryptocompare Institutional Bitcoin Index, which is maintained by MV Index Solutions GmbH (MVIS) or a successor or alternative institutional-quality index. Ninepoint will act as the fund’s trustee and manager
- MVIS is a wholly-owned subsidiary of Van Eck Associates Corp., which recently filed applications to list and trade bitcoin exchange-traded funds with the U.S. Securities and Exchange Commission (SEC).
Do you think more bitcoin funds should trade on stock exchanges? Let us know in the comments section below.
- Published in Uncategorized
Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security
Another class-action lawsuit has been filed against Ripple Labs and CEO Brad Garlinghouse. This lawsuit follows the one filed by the U.S. Securities and Exchange Commission (SEC) alleging that the defendants sold XRP, which it considers unregistered security, for over $1.38 billion.
- The lawsuit, filed Monday in a Florida district court alleges that the “sale of XRP cryptocurrency tokens to Florida residents” violates Florida securities laws.
- The suit names Ripple Lab Inc., XRP II LLC, and Garlinghouse as the defendants. They have allegedly sold “millions of dollars (or more)” in XRP tokens since 2013 without registering either with federal or Florida authorities.
- Recently, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, Garlinghouse, and co-founder Christian Larsen alleging that they sold over 14.6 billion units of XRP for at least $1.38 billion. After the SEC’s lawsuit, several major cryptocurrency exchanges delisted XRP, including Coinbase, Binance, Okcoin, and Blockchain.com. Ripple has insisted that XRP is not a security and plans to fight the SEC charges.
- The plaintiff, Tyler Toomey, said he purchased 135 XRP on or around Nov. 24, 2020, for $97.80 and then sold the coins at a loss. The lawsuit states that the “plaintiff sustained a loss of $48.56, or just over 50% of his initial investment.)” Although the plaintiff’s own loss is small, he “seeks to represent a class defined as all persons or entities in the State of Florida who purchased XRP.”
- Toomey is seeking monetary compensation including “reasonable” attorney’s fees, expenses, and costs of the suit, on his own behalf and on behalf of other class members.
What do you think about this new lawsuit against Ripple over XRP? Let us know in the comments section below.
- Published in Uncategorized