The price of the main crypt currency in the market, Bitcoin, reached USD 16,000, obtaining a growing variation of 1.44% in the last 24 hours.
This is what our online crypto tool points out. Although its price fell minutes later, it’s on the rise again and is heading towards the levels previously seen.
Beyond the enthusiasm seen among Bitcoin users, most of the exponents among the main crypto currencies are going down this November 12th.
Bitcoin reached USD 16,000. But, with significant drops, we have the cases of Chainlink (LINK), Litecoin (LTC), Polkadot (DOT), Cardano (ADA), EOS, Monero (XMR), Tezos (XTZ) and NEM (XEM).
Meanwhile, currencies like Crypto.com (CRO), Cosmos (ATOM), DASH, Uniswap (UNI) and ZCash (ZEC) are on the rise with gains of over 1% by the time of editing.
Ray Dalio still not convinced about Bitcoin (BTC)
Chainalysis wants to help the Feds sell millions in confiscated BTC
Chainalysis is preparing to help its government clients sell the same treasure trove of confiscated crypt coins. That blockchain tracking company often helps track.
The company introduced a program to store and sell confiscated cryptomonies in partnership with the confiscated assets consulting firm Asset Reality.
The program will likely serve many of the same government clients. They already pay Chainalysis millions of dollars annually to help track illicit cryptographic transactions.
DOJ agencies unload their cryptomoney to the public through semi-regular forfeiture auctions. These sales can raise tens of millions of dollars for the government.
But the U.S. Marshals Service, which conducts these auctions, has been asking since April for a private sector partner to help manage and dispose of the confiscated cryptomonies.
Apple could earn $100 billion in capitalization by investing in Bitcoin
An Apple investment in BTC could bring the company $100 billion in market capitalization. According to Dan Weiskopf, portfolio manager at Toroso Investments, in a blog post.
Weiskopf’s call follows in the footsteps of MicroStrategy CEO Michael Saylor and former Goldman Sachs hedge fund manager Raoul Pal. Who predicted that Apple would make a large-scale investment in Bitcoin in the coming years.
Saylor retold and endorsed Weiskopf’s article. With the comment that the technology giant could make a $100 billion gain in market capitalization. By integrating Bitcoin with their products and adding it to their properties.
#Apple could generate $100 billion or more in shareholder value if they integrated #Bitcoin into Apple Pay, built a secure crypto wallet into the iPhone, and began buying #BTC with their Treasury Reserves. h/t @ETFProfessor https://t.co/zqDNuFskeY
– Michael Saylor (@michael_saylor) November 11, 2020
Listed company sells $14 million shares for 1 EH/s of Bitcoin mining power
The Nasdaq-listed mining company BTC Bit Digital has announced that it will issue USD 13.9 million in shares in exchange for mining hardware.
According to an announcement, Bit Digital has signed asset purchase agreements with non-US investors to issue 4,344,711 shares valued at USD 3.20 each. In exchange for the BTC miners having a combined hash power of 1,000 petahaches per second (PH/s), or 1 exahash (EH/s).
Bit Digital launched its BTC mining business in February 2020, rapidly accumulating 1,250 PH/s of power in October. The additional miners will nearly double Bit Digital’s operational hash power once they are installed.
The company also expects to install 2,000 previously purchased MicroBT Whatsminer M21 ASIC miners by January 2021. Adding another 6.2 PH/s to the operational hash rate.