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The price of the market’s leading cryptocurrency, Bitcoin, reached USD 16,000, thus achieving an increasing variation of 1.44% in the last 24 hours. This is stated by our online encryption tool. Although its price dropped a few minutes later, it is rising again and is heading towards the levels seen previously.
Beyond the excitement seen among Bitcoin users, most of the leading cryptocurrencies will drop this November 12th.
Bitcoin reached $ 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 over 1% at press time.
Chainalysis wants to help the feds sell millions of confiscated BTCs
Chainalysis is preparing to help its government clients sell the same treasure trove of confiscated cryptocurrencies. Which blockchain monitoring company often helps to monitor.
The company has introduced a program to store and sell confiscated cryptocurrencies in partnership with Asset Reality, an asset confiscation consultancy.
The program will likely serve many of the same government clients. They already pay millions of Chainalysis dollars a year to monitor illicit crypto transactions.
DOJ agencies offload their cryptocurrencies to the public through semi-regular confiscation auctions. These sales can raise tens of millions of dollars for the government.
But the US Marshals Service, which conducts those auctions, has been soliciting a private sector partner since April to help it manage and dispose of the confiscated cryptocurrencies.
Apple could earn $ 100 billion in capitalization if it invests in Bitcoin
An investment by Apple in BTC could bring the company $ 100 billion in market capitalization profits. As Dan Weiskopf, portfolio manager at Toroso Investments, wrote 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 retweeted and approved Weiskopf’s article. With the comment that the tech giant could make a profit of $ 100 billion in market capitalization. By integrating Bitcoin with your products and adding it to your properties.
A publicly traded company sells $ 14 million worth of shares for 1 EH / s of Bitcoin mining power
Nasdaq-listed mining company BTC Bit Digital has announced that it will issue $ 13.9 million worth of 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 worth $ 3.20 each. In exchange for BTC miners with a combined hashing power of 1,000 petahaches per second (PH / s) or 1 exahash (EH / s).
Bit Digital launched its BTC mining business in February 2020, quickly amassing 1,250 PH / s of power in October. The additional miners will nearly double Bit Digital’s operational hashing power once installed.
The company also plans to install 2,000 previously purchased MicroBT Whatsminer M21 ASIC miners by January 2021. Adding an additional 6.2 PH / s in operational hash rate.
