Acrecoin(ACRE)

In light of several U.S.-based banks severing their crypto ties, stablecoin issuer Tether has partnered up with Bahamas-based private bank Britannia for dollar transfer processing. Tether Turns To Bahamas For Banking Needs According to the latest reports, Tether has integrated the Britannia Bank & Trust Ltd. to process dollar transfers on its platforms. Although the stablecoin issuer has not directly addressed these reports and it is not clear when the banking relationship between the two started, people familiar with the matter have claimed that Tether had instructed clients to send money to Britannia’s bank account in the last few months. The firm has also integrated other banks like Deltec and Capital Union into its platform. Banking Exodus Among Crypto Firms There has been a recent spike in regulatory scrutiny in the United States. Regulators are coming down harder on crypto firms and on banks that associate with them. They clearly do not want a repeat of last year’s FTX massacre, which spread like a contagion, taking down financial institutions like Silvergate Capital, Signature Bank, and Silicon Valley Bank. Due to the increasing oversight into banks associated with crypto firms, many US-based crypto firms have had to turn offshore to look for banking partners. The integration of the Bahamas-based Britannia Bank indicates that Tether, too, has had to join the ranks of the firms driven out of the U.S for their banking needs. The integration will allow the firm to process its dollar transfers. Tether’s Growth In 2023 Since stablecoins are pegged on a 1:1 ratio to the US dollar, it is highly useful, especially to crypto traders who use them to move their digital assets from one exchange to the other. A significant chunk of these traders particularly use Tether’s USDT stablecoin due to its popularity and extensive market cap. The USDT has had a solid run, despite the market instability during the first quarter of 2023. It rallied over 20% during those four months and reached a market cap of $80 billion despite the market crisis. Currently, it has stabilized at a market cap of $82.9 billion, occupying 66.5% of the total crypto market. Concerns Over Asset Reserves However, the firm has remained vague about how it accesses and stores its billions of dollars of assets that are used to back the dollar, leading to some concern in the market. The company was almost in some legal trouble with a class-action lawsuit that was filed on charges that Tether had falsely advertised its USDT stablecoin. However, the lawsuit was dismissed, citing a lack of merit by the court judge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Michael Saylor, CEO of Microstrategy, recently said that his company will keep on buying more bitcoin. In a Bloomberg interview on Wednesday Michael Saylor said that Microstrategy will continue to buy bitcoin on behalf of its shareholders. “Our goal is to accumulate as much bitcoin as we can on behalf of our shareholders, and we acquired from cash flows, we bought that last tranche for $48.4 million dollars of company cash.” He went on to say that Microstrategy would buy as much bitcoin as it possibly could as long as market conditions allowed it. Commenting on the fact that Microstrategy shares were up more than 200% Saylor said that potential share sales would just be used to buy even more bitcoin. The Microstrategy plan, according to Saylor, is to use all the resources the company has in order to keep on acquiring bitcoin going forward. He remarked that at the same time that bitcoin was up 145%, since three years ago when his company began its strategy, shares in his company had risen 254%. He said: “Our strategy is levered long, offer a yield, don’t charge a fee, and then actively manage our position and actively manage acquisitions and financings between equity, debt, and cash flows in order to get the best result for our shareholders.” On the potential of spot Bitcoin ETFs becoming available, Saylor was really bullish, saying that this would enable large hedge funds and sovereigns to enter the space with many $billions of capital. On the difference between investing in Microstrategy and a spot ETF, Saylor remarked: “We don’t have a capital structure that would allow for tens of billions of dollars to be invested in bitcoin, so we are a unique instrument, we’re that sports car, and the spot ETF has gotta be like the supertanker.” On the fact that Microstrategy has rallied so much more than bitcoin so far this year Saylor explained: “Bitcoin is the house everybody wants, but it’s in a foreign country and you have to pay cash to buy it. It takes about a year and you can’t rent it or mortgage it. Microstrategy is that same house in the best neighbourhood with 10,000 acres of ranch land attached to it, and we can generate a yield and you can actually buy it financed by your local bank right? We’re a compliant security. So if you’re an institutional investor and you’re looking for an easy way to get bitcoin exposure that doesn’t charge you a fee, that is financeable, that is good collateral, then Microstrategy is pretty compelling right now. He added: “We will always be differentiated from the ETFs because they can never offer leverage, no yield, they have limited hedging options. They are not diversified, and they charge a fee.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Michael Saylor, CEO of Microstrategy, recently said that his company will keep on buying more bitcoin. In a Bloomberg interview on Wednesday Michael Saylor said that Microstrategy will continue to buy bitcoin on behalf of its shareholders. “Our goal is to accumulate as much bitcoin as we can on behalf of our shareholders, and we acquired from cash flows, we bought that last tranche for $48.4 million dollars of company cash.” He went on to say that Microstrategy would buy as much bitcoin as it possibly could as long as market conditions allowed it. Commenting on the fact that Microstrategy shares were up more than 200% Saylor said that potential share sales would just be used to buy even more bitcoin. The Microstrategy plan, according to Saylor, is to use all the resources the company has in order to keep on acquiring bitcoin going forward. He remarked that at the same time that bitcoin was up 145%, since three years ago when his company began its strategy, shares in his company had risen 254%. He said: “Our strategy is levered long, offer a yield, don’t charge a fee, and then actively manage our position and actively manage acquisitions and financings between equity, debt, and cash flows in order to get the best result for our shareholders.” On the potential of spot Bitcoin ETFs becoming available, Saylor was really bullish, saying that this would enable large hedge funds and sovereigns to enter the space with many $billions of capital. On the difference between investing in Microstrategy and a spot ETF, Saylor remarked: “We don’t have a capital structure that would allow for tens of billions of dollars to be invested in bitcoin, so we are a unique instrument, we’re that sports car, and the spot ETF has gotta be like the supertanker.” On the fact that Microstrategy has rallied so much more than bitcoin so far this year Saylor explained: “Bitcoin is the house everybody wants, but it’s in a foreign country and you have to pay cash to buy it. It takes about a year and you can’t rent it or mortgage it. Microstrategy is that same house in the best neighbourhood with 10,000 acres of ranch land attached to it, and we can generate a yield and you can actually buy it financed by your local bank right? We’re a compliant security. So if you’re an institutional investor and you’re looking for an easy way to get bitcoin exposure that doesn’t charge you a fee, that is financeable, that is good collateral, then Microstrategy is pretty compelling right now. He added: “We will always be differentiated from the ETFs because they can never offer leverage, no yield, they have limited hedging options. They are not diversified, and they charge a fee.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The bullish momentum of the crypto market began the year with has begun to wane, leaving many digital assets like Arbitrum (ARB) to the mercy of the bears. Despite the bearish market, Cardano (ADA) has sealed a new partnership with a major DeFi player while investors are trooping into Sparklo (SPRK) as it shows signs to become the next blue-chip crypto project. >>>> PURCHASE HERE >>> PURCHASE HERE >>> PURCHASE HERE <<<< Cardano (ADA) gets a new DeFi partner Cardano (ADA), has announced a new partnership with Acredius, a Swiss fintech company. According to the announcement, Acredius will work with Cardano (ADA) to advance the development of decentralized finance on the network. Cardano (ADA) is already outperforming expectations, adding over 1,000 smart contracts to its network. The increasing activity on the Cardano (ADA) network has not been followed by a correlating price increase. Instead, the price of Cardano (ADA) has consolidated between $0.36 and $0.40 over the last 30 days. The lack of price movement is the fuel driving investors to the Sparklo presale. Find out about the Sparklo (SPRK) presale using the links below: Website: https://sparklo.finance Presale: https://invest.sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Bitcoin seals its highest weekly close in ten months as CPI prepares to inject fresh volatility into BTC price and beyond.

A fork of the popular Anarchapulco conference called &ldquo;Anarchizona&rdquo; is scheduled for Saturday, March 30, 2019 in Sedona, Arizona. The inception of Anarchizona takes place at the iconic Sedona Creative Life Center from 10am to 5pm. Several of the speakers at this event are from Arizona, and are fresh off the stage from last month&rsquo;s Anarchapluco, including: M.C. Michael McGillicuddy, Wealth Advisor Tim Picciott, the Founder of Freedom&rsquo;s Phoenix Ernest Hancock, Truth Seeker Turned Truth Speaker Ivan Oyola Jr., Superstition Debunker Larken Rose, and Activist Amanda Rachwitz, along with comedian Benny Wills, Freedom Entrepreneur Scott Sorensen, &ldquo;The Dollar Vigilante&rdquo; - Jeff Berwick, and more&hellip;. This event was developed by Blockchain Beginners and sponsored by Meta1, FREOS, Lighthouse Law Club, and grenert.net. The day will be focused on Freedom - Personal, Emotional, Financial and Spiritual. To help attendees continue to grow and learn, there are a wide variety of topics and presenters to help everyone learn something new. The unique line up of speakers will share ways to EVOLVE YOUR FREEDOM through entrepreneurship, investments, liberation from politics, philosophy, health, sustainability, and personal relationships in the inspiring scenery of Sedona. Every speaker will bring a unique perspective to the conference. Anarchizona attendees will spend a day around people who value the Non-Aggression Principle. One of the main reasons for this event is to connect, empower, and synergize the area&rsquo;s freedom lovers. See the conference website at http://anarchizona.com for all details and to purchase tickets at $40. 10% discount tickets are available from the sponsors. https://grenert.net https://meta1coin.com/ https://freos.io/ https://www.lighthouseliberty.club/ Conference Location: http://sedonacreativelife.com