Daily Crypto News | 08.12.2020
1- MicroStrategy will be selling $400M worth of their senior notes to “qualified institutional buyers” to invest in Bitcoin.
2- Citigroup downgraded MicroStrategy’s stock to “sell” after their announcement on planning to acquire more Bitcoin by selling their senior notes.
3- Jack Dorsey’s Square announced that they will be launching “Bitcoin Clean Energy Investment Initiative” to support companies working on green energy bitcoin mining, also dedicating $10M to the cause.
4- Huobi will be listing Nsure.Network.
5- Huobi’s stablecoin $HUSD will be running on Nervos Network’s blockchain.
6- Wells Fargo mentioned Bitcoin in their report as “the best performing asset of 2020”, while saying “Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”
7- Commodity Futures Trading Commission’s (CFTC) former chairman Chris Giancarlo said “When it comes to money, money is not exclusively a government construct. Never has been. Money has been as much a social construct. […] And it should be no surprise to anyone here that the exploration of digital money is taking place as much, and probably more, in the private sector than it’s taking place in the official sector. […] The future of money is going to be determined by the public sector and the private sector working together.”
8- MyEtherWallet announced their support for ethereum 2.0 staking.
9- Japanese SBI and Swiss SIX Exchange are partnering to launch a digital asset exchange and issuance platform, and a central securities deposit in Singapore, also aiming to meet institutional investors’ demands.
10- Turkish Murat Pak became the first crypto artist to earn over $1M on selling blockchain based artwork.
11- Facebook’s Diem is facing threats on a lawsuit from a startup in Europe of the same name DIEM, which is currently running a finance application.
12- Waves backed algorithmic stablecoin project Neutrino is launching staking feature for their governance token $NSBT.
13- $165M worth of Bitcoin had been transferred for approximately $1.20.
14- Bitcoin is down 1.8% at $18,764.
15- Theta Network (THETA) is the highest gainer in top 100 list with a 11.7% daily profit.
16- Ampleforth (AMPL) is the highest loser in top 100 list with a 14.2% daily loss.