Will Twitter Buy Bitcoin?

“Twitter has considered whether to add bitcoin to its balance sheet, though no changes have been made yet, according to CFO Ned Segal.

Segal said in a CNBC interview Wednesday that the social media giant continues to “study and look at” incorporating bitcoin into its finances.

“We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin, how we might pay a vendor if they asked to be paid in bitcoin and whether we need to have bitcoin on our balance sheet should that happen,” said the CFO.

“We want to be thoughtful about it over time, but we haven’t made any changes yet.”

Twitter would follow the lead of Tesla, which revealed on Monday it had bought up $1.5 billion of bitcoin in January and plans to start accepting the cryptocurrency as payment.

The news sent bitcoin to an all-time high above $48,000 earlier this week. The cryptocurrency is currently trading around $45,000.

A bitcoin announcement from Twitter may not come as a surprise to investors, as CEO Jack Dorsey is a passionate fan of the cryptocurrency.

He’s also the CEO of payments company Square, which purchased $50 million worth of bitcoin in October of last year, which represents approximately 1% of the firm’s total assets.”

SOURCE: https://markets.businessinsider.com/

Oldest US Bank & Mastercard Signal Cryptocurrency Support

“Bitcoin (BTC-USD) touched new highs on Thursday, as both Mastercard and BNY Mellon signalled their support for the cryptocurrency.

After surging past the $48,000 (£34,681) mark to a record high, it pared back some gains but was still trading more than 5% higher at $47,901.41 at around 3.30pm in London (10.30am eastern time in the US).

It came as BNY Mellon, the oldest bank in the US, confirmed it had created a new unit for clients to hold, transfer and issue digital assets.

Roman Regelman, head of asset servicing and digital at BNY Mellon, highlighted “growing client demand for digital assets” as well as “improving regulatory clarity.” It marked a “tremendous opportunity for us to extend our current service offerings to this emerging field,” he added.

Mastercard had announced only a day earlier it would start directly supporting some cryptocurrencies on its network. “Doing this work will create a lot more possibilities for shoppers and merchants,” said its head of blockchain, digital assets and partnerships Raj Dhamodharan in a statement.

READ MORE: Tesla buys $1.5 billion worth of bitcoin, says it may accept it for payment in the ‘near future’

“Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter sceptic — the fact remains that these digital assets are becoming a more important part of the payments world.

“We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during bitcoin’s recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending.”

SOURCE: https://uk.finance.yahoo.com/

What did Michael Saylor of Micro Strategy Do?

America’s Most Prolific Bitcoin Whale Explains His Strategy

Finally, Saylor announced by tweet on the 21st of December, that MicroStrategy had just made a huge purchase of 29,646 Bitcoins – bringing the company’s total holdings to 70,470 bitcoin.

This purchase was funded by a convertible note sale to accredited investors whichh raised $650 million in early December.

How to Buy Bitcoin in Ireland?

There are lots of online exchanges where you can buy Bitcoin all over the world, and some of the most popular and trusted exchanges include –

Kraken is one of the most trusted cryptocurrency exchanges on the market, and is our preferred cryptocurrency exchange.

Kraken is a US-based cryptocurrency exchange, founded in 2011.

The exchange provides cryptocurrency to fiat trading, and provides price information to Bloomberg Terminal. As of 2020, Kraken is available to residents of 48 U.S. states and 176 countries, and lists 40 cryptocurrencies available for trade. Wikipedia

To find out more and to start trading today, visit – www.Kraken.com

Up-to-Date Pricing On CryptocurrencY.

Other popular exchanges include –

2. Coinbase

3. Blockfi

4. Bitcove

5. Coinmama

See our full guide – How to Buy Bitcoin in Ireland

Will Apple Buy Bitcoin?

The experts consider the case for Apple coming into Bitcoin.

“Apple shares can jump higher if the tech giant steps into the cryptocurrency market, RBC Capital Markets said Monday.

In a note to clients, the analyst Mitch Steves lifted RBC’s price target for the iPhone maker to $171 from $154, implying a 25% increase from Apple’s close on Friday. The target is the highest among Wall Street analysts. Steves also maintained an “outperform” rating on the shares.

While headlines about Apple’s future offerings have recently focused on an electric car, RBC sees more near-term opportunity in the company’s Wallet app. Apple has expanded the app over the years, making its foray into financial services with the Apple Card in 2019.

Wallet already contributes to Apple’s increasingly robust Services business, but an expansion into the crypto sector could make it an even bigger boon, RBC said. Opening the Wallet app to the purchase and sale of cryptocurrency could cement Apple as a leader in the industry and bolster its Services revenue, according to the team.”

SOURCE:

https://markets.businessinsider.com/currencies/news/apple-stock-price-upside-cryptocurrency-exchange-bitcoin-target-rbc-aapl-2021-2-1030056775