The Crypto Round-Up: June 16th, 2021

MicroStrategy is Selling Bonds to Buy Bitcoin

This is not the first time that MicroStrategy has sold bonds to purchase bitcoin. Last year, it has sold $1.6 billion of convertible bonds. Before bitcoin’s price dropped last month, MicroStrategy is one of the catalysts for this coin’s hot rally in 2020 and early 2021. Now, it has sold $500 million corporate bonds for financing purchases of bitcoin. Read more

El Salvador Plans to Use Geothermal Energy in Bitcoin Mining

We can’t deny the fact that one of the issues of Bitcoin is its energy consumption. Headlines about the recent crackdown on coal-powered Chinese miners and Tesla’s environmental concerns were all around news outlets. With El Salvador’s proposal of having, “power crypto-mining with 100% cheap, renewable geothermal energy”, it boils down to the question if El Salvador can prove that it can be a more friendly location for operations from both a regulatory and environmental stance. Read more

Bitcoin Jumps After Elon Musk Says Tesla Will Accept Bitcoin Again

A lot happened with Bitcoin and Elon Musk this year. It went from Tesla buying $1.5 billion worth of Bitcoin to halting bitcoin payments for Tesla car purchases. Recently, Elon Musk’s tweet about accepting bitcoin again with the condition of bitcoin mining to be transitioned to more sustainable energy skyrocketed the bitcoin’s price. Read more

Goldman Sachs Plans to Offer Ethereum Futures and Options

The multinational investment bank, Goldman Sachs, is furthering its crypto offerings aside from Bitcoin. It has been reported that the investment bank intends to offer both options and futures in Ethereum. This is not the only bank that raises the stakes on crypto and this kind of effort made by Goldman Sachs greatly gives significance to the crypto market in the investing world. Read more

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