Patreon Is Exploring Crypto and NFTs to Empower its “Creators for Independence”

Patreon Is Exploring Crypto and NFTs to Empower its “Creators for Independence”

“I love the idea of shifting power away from institutions and toward individual creative people,” said CEO and co-founder Jack Conte.

Patreon, a membership platform for creators, is looking closely at the “fundamental technological components” of digital collectibles for its users to earn more revenue but isn’t sold out on the long-term viability of cryptocurrencies and non-fungible tokens (NFT) yet.

Speaking at The Information’s 2021 Creator Economy Summit this week, when asked about the company’s plans for crypto, Chief Product Officer Julian Gutman said, “There’s clearly enormous innovation happening in the crypto and NFT space.”

“Obviously there’s the art market and precious goods market that we’re seeing, with crazy pricing, evolve. It’s unclear if that is sustainable across the entire creator economy, but there’s some fundamental technological components to NFTs as a way to sell value to your audience and sort of continue to gain value from that from secondary sales as what you do becomes more and more important to the world.”

Just last month, Patreon considered creator coins, but at the time, the platform had more pressing concerns to think about — Mastercard’s new standards for adult content. As part of its quarterly Creator Policy Engagement Program (CPEP), where creators engage with Patreon’s Policy Team, Patreon said it would roll out tools to help its adult creators meet the new Mastercard standards after OnlyFans said it would ban explicit content.

At the Creator Economy Summit this week, Patreon said it is not looking into creating any type of initial coin offering (ICO) as it is “specifically not allowed under Patreon’s current guidelines.”

But Patreon’s head of Policy Laurent Crenshaw noted on the company’s Connect Livestream that several of their creators are interested in the opportunity to offer exclusive memberships and benefits to their consumers through a coin or token, “a digital item that they can hold onto that shows that they are part of your fan club.”

While the platform’s guidelines prohibit coins for the purpose of direct financial benefit, if craters are interested in such creator coins, Patreon said it would consider changing its policies.

“So we thought that at the very least, we could explore the opportunity of making that type of offering allowable under our guidelines.”

As such, Patreon is “certainly interested in evaluating and understanding how NFTs or some of the underlying technologies help us create that sustainable long-term earnings for creators” as such, they are now evaluating the crypto space.

CEO and co-founder Jack Conte also commented on crypto and NFTs saying, “I really love the idea of creators” owning their media, content, and audience data and having leverage and control over their creation.

“I love the idea of a lot of this underlying infrastructure empowering creators for independence. I love the idea of shifting power away from institutions and toward individual creative people.”

“I think that’s what a lot of this technology is getting at, and what I think is really deeply exciting about it.”

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Author: AnTy

Justin Sun Removes $4.2 Bln from the Lending Protocol Following Yearn & Aave’s Online Dispute

Tron founder Justin Sun Removes $4.2 Bln from the Lending Protocol Following Yearn & Aave’s Online Dispute

Currently, a proposal to disable borrowing of xSUSHI, DPI, and the LP tokens on the AMM market is being voted on.

The total value locked (TVL) in decentralized finance (DeFi) lending platform Aave has dropped by $4.36 billion to $14.93 billion, according to DeFi Llama.

This big dip in the assets locked in Aave resulted from Tron founder Justin Sun removing more than $4.2 billion worth of crypto from the lending pools of Aave.

The assets removed by Sun included about $1.2 billion USDC, $190 million USDT, $45 million TUSD, 11,000 WBTC, and $490,000 WETH.

This resulted in triggering the interest rates on the platform, with USDC & USDT rates skyrocketing.

This removal of a significant amount of liquidation from Aave came amidst the tension between members of the Yearn community and Aave. During the bickering on Twitter, one of the Aave community members cautioned against using any project that Yearn Finance (YFI) is involved in, in response to RektHQ’s report on the $130 million hack of Cream Finance describing it as “another failed experiment from the @iearnfinance ecosystem.”

Yearn founder Andre Cronje also tweeted on Friday that Aave is “vulnerable to the same exploit.”

Yearn core contributor Banteg also chimed in with, “Maybe don’t bad mouth other projects while sitting on an 11 figure vulnerability.” He later clarified that the exploit is believed to be for very specific liquidity requirements and has been possible for the past 160 days but is not currently.

But soon, other DeFi community members came out to help mediate the dispute, and both Yearn and Aave also moved to work together and support each other.

As a precautionary measure, Aave acknowledged that there might be potential vulnerabilities in using xSUSHI as collateral within the Protocol and announced an AIP following the Twitter altercation.

The team noted that multiple simulations showed that any attempt to manipulate xSUSHI would result in losses for the attackers, but still, to mitigate the potential of any future risks, they will disable borrowing of xSUSHI, DPI, and the LP tokens on the AMM market.

Currently, up for voting, the AIP proposes to temporarily disable the borrow function for xSUSHI and DeFi Pulse Index DPI on V2 of the Aave Protocol. It will also freeze deposits, borrows, and rate swaps for UNI/BAL AMM Markets as an extra safeguard.

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Author: AnTy

Bitcoin In “A Strong Position To Trend Higher” Due To Ongoing Supply Shock And Increasing Demand

“Renewed demand for BTC is increasingly clear,” as per different metrics while USD rebounded sharply today after its weakest one-month level on Friday, with the Fed expected to begin tapering from next month.

Bitcoin miners are accumulating more and more of the leading cryptocurrency, driving a supply shock, powering its rally, according to a report by the research arm of cryptocurrency exchange Kraken.

In its latest report, the exchange said that long-term holders and whales, along with crypto miners, are behind the ongoing supply shocks.

The report said that these long-term holders continue to hold onto their Bitcoin stash unperturbed by the drop in Bitcoin price in September or the surge in prices in October. Instead of reacting to the prices, they keep on accumulating Bitcoin.

An indicator called the o-hop supply that determines whether the miners are holding onto the coin they have mined has also risen about 50% since last month. Not just large-scale entities but even smaller miners and players are also beginning to hold, which can further exacerbate the short supply, said Kraken.

Renewed Demand Is Clear

The largest publicly traded miners, including Riot Blockchain, Marathon Digital, and Hut 8, have reported hoarding Bitcoin they mined last month. Some of the mines are even using these BTC to boost their balance sheets and funding.

The supply shock and the increased demand “put BTC in a strong position to trend higher,” Kraken wrote. One metric further shows that bitcoin sits below the halfway point between overbought and oversold territory, “suggesting that there’s still room for BTC to run,” it added.

This month, Bitcoin has rallied 42%, putting in a new all-time high at $67,000 in anticipation of the launch of the first Bitcoin ETF in the US. As of writing, BTC/USD is trading around $61,300.

“Validating the uptrend and highlighting strong demand for BTC, the excitement in the market is evident across several metrics and indicators.”

“Renewed demand for BTC is increasingly clear when looking at active addresses, new addresses, transaction count, velocity, and other metrics.”

Hedge Funds Go Record Short

Meanwhile, bitcoin net shorts hit a new record this week, but given that institutional investors always hedge their bets, these hedge funds whose short positions have climbed to $2.84 bln are also long Bitcoin.

According to crypto exchange OKEx, retail, however, is favoring longs. The BTC long/short has been keeping above 1.0 after first testing it last week.

“The ratio is bullish now and shows that retail investors are starting to believe in the possibility of higher prices in the near future. As long as this trend remains above 1.0, we can expect BTC to remain on an uptrend.”

This can also be seen in the basis for BTC futures contracts which has seen a minor retreat in line with Bitcoin’s price sliding from its ATH.

Time To Settle Down

Interestingly, the US dollar also weakened to its lowest level in a month due to a stronger euro on the back of earlier the expected hike in European interest rates. But today, in a sharp rebound from yesterday’s weakest level of 93.284, the greenback went up to 94.3 and is currently at 94.13.

This week, billionaire hedge fund manager Bill Ackman also called for the Federal Reserve to begin raising interest rates “as soon as possible” and start tapering its monthly asset purchases “immediately.”

Ackman further said on Friday that in response to this, they are hedging their exposure to an upward move in rates, “as we believe that a rise in rates could negatively impact our long-only equity portfolio.” He said,

“We are continuing to dance while the music is playing, and it is time to turn down the music and settle down.”

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Author: AnTy

Australia’s Securities Watchdog (ASIC) says BTC and ETH ‘Satisfy’ All Criteria for ETPs

Australia’s Securities Watchdog (ASIC) says BTC and ETH ‘Satisfy’ All Criteria for ETPs

Australia’s Securities and Investments Commission (ASIC) published its guidance for licensed providers on ETPs linked to crypto on Friday. It is expected to improve transparency and protect investors.

For a crypto to be used for an ETP, it needs to have a mature spot market, regulated futures market, reputable and experienced service providers, a high level of institutional support, and robust and transparent pricing mechanisms.

According to ASIC, Bitcoin and Ether “appear likely to satisfy” all five of the abovementioned factors to “determine appropriate underlying assets for an ETP.”

“We expect the range of non-financial product crypto-assets that can satisfy these factors will expand over time,” the securities regulator added.

The corporate watchdog has also introduced a new “crypto-asset” section in its licensing applications for the holders of underlying assets.

“Crypto-assets have unique characteristics and risks that must be considered by product issuers and market operators in meeting their existing regulatory obligations,” said ASIC Commissioner Cathie Armour.

Recently, a senate report urged Australia to introduce new laws, including a licensing regime for crypto miners and tax discounts to compete with other countries.

This week, an exchange-traded fund (ETF) tracking crypto miners and infrastructure providers also debuted in Australia.

The Cosmos Global Digital Miners Access ETF (DIGA) won’t directly hold any crypto but will include firms like Riot Blockchain Inc., Marathon Digital Holdings Inc., Hive Blockchain Technologies Ltd., and Hut 8 Mining Corp. It will trade on the Chi-X Australia exchange.

According to a report from earlier this month, Australia has the third-highest rate of crypto ownership at 17.8% compared to the global average of 11.4%.

Nearly 1 in 5 adults in Australia own some crypto in 2021 worth A$8 billion ($6.02 billion). Bitcoin is the most popular one as 65.2% of Australians own the leading crypto, followed by Ether (42.1%), Cardano (26.4%), Dogecoin (23%), and BNB (14.6%), found the comparison site Finder in its survey.

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Author: AnTy

Web 3 and DeFi Dominates Coinbase Investment in Q3, Hits Top Spot on Apple’s US App Store

Web 3 and DeFi Dominates Coinbase Investment in Q3, Hits Top Spot on Apple’s US App Store

The mobile app of cryptocurrency exchange Coinbase has climbed to the top spot on Apple’s US App Store.

This isn’t the first time that the leading exchange is dominating the App Store in the US. Back in May, around the peak of the market and right before the major sell-off, Coinbase’s app ranked at number one, much like it did in the 2017 bull market.

But with crypto going mainstream, it makes sense that Coinbase is yet again climbing to the top.

The reason Coinbase is the most downloaded iOS app in the US over the last few days could be attributed to the zoomer meme coin SHIB surging more than 200% in less than a week. SHIB 10.12% SHIBA INU / USD SHIBUSD $ 0.00
Volume 14.12 b Change $0.00 Open $0.00 Circulating 10 t Market Cap 40.77 b
5 h Web 3 and DeFi Dominates Coinbase Investment in Q3, Hits Top Spot on Apple’s US App Store 11 h Bitcoin Market Is Not as Leveraged as it Looks, Gas Spikes as Ether Hits a New ATH 1 d Zoomer Meme Coin (SHIB) Outperforms the Boomer Meme Coin (DOGE), Will This Mark the Top of the Cycle Again?

As we have been reporting, Shiba Inu has been the top trading crypto asset on Coinbase for the last few days and accounting for the majority of the exchange’s trading volume, sometimes as much as 40%.

Also, during this time, Bitcoin made its way back above $60,000 and Ether has rallied above $4,000 to its new highs. BTC 2.62% Bitcoin / USD BTCUSD $ 62,330.15
Volume 36.79 b Change $1,633.05 Open $62,330.15 Circulating 18.86 m Market Cap 1.18 t
3 h Australia’s Securities Watchdog (ASIC) says BTC and ETH ‘Satisfy’ All Criteria for ETPs 5 h Web 3 and DeFi Dominates Coinbase Investment in Q3, Hits Top Spot on Apple’s US App Store 6 h The Wharton School to Accept Bitcoin, Ether, and USDC for its “Economics of Blockchain and Digital Assets” Program
ETH 3.09% Ethereum / USD ETHUSD $ 4,426.85
Volume 22.79 b Change $136.79 Open $4,426.85 Circulating 118.13 m Market Cap 522.94 b
3 h Australia’s Securities Watchdog (ASIC) says BTC and ETH ‘Satisfy’ All Criteria for ETPs 5 h Web 3 and DeFi Dominates Coinbase Investment in Q3, Hits Top Spot on Apple’s US App Store 6 h The Wharton School to Accept Bitcoin, Ether, and USDC for its “Economics of Blockchain and Digital Assets” Program

As the bulls make a reentry, Coinbase has climbed up the ranks. Another crypto trading app’s iOS, has also become one of the most downloaded apps in the US, reaching the fifth spot on Apple’s U.S. App Store.

Record 49 investments

This week, the exchange also reported that their Coinbase Ventures has grown to become one of the most active VC investors in crypto by deal count, having made a record 49 investments in Q3. Back in Q2, Coinbase Ventures’ investment totaled 28 and 24 in Q1.

As of Q3 2021, the portfolio size of Coinbase Ventures stood at over 200 companies and projects, said the exchange.

Interestingly, 90% of the capital invested by Coinbase Ventures has been deployed this year so far.

Coinbase also reported its investment ranging from six-figure seed meals to multi-million dollar growth rounds in categories including Protocols + Web3 infrastructure (29%), DeFi (24%), CeFi (18%), Platform + Developer Tools (15%), NFT / Metaverse (9%), and others.

KYC Update

In other news, Coinbase has updated its KYC (know-your-customer), which financial regulators say is required to help ensure a safe and secure trading experience for its users, first noted by Mira Christanto, a researcher at crypto data site Messari.

In its updated KYC, Coinbase is asking its users to provide additional details about past and current occupation, businesses involved in, LinkedIn profile, a valid ID, source of the fund deposited on the exchange and supporting documentation, source of wealth and supporting documentation, nature of the use of Coinbase account, and bank statements bearing proof of address.

Coinbase also wants an explanation and documents for when the user started trading crypto and how the growth grew; as a result, provide them an expected activity on the account, nature of incoming and outgoing crypto transactions, and statements of digital assets held on other platforms.

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Author: AnTy

Wharton School to Accept BTC, ETH, & USDC for ‘Economics of Blockchain and Digital Assets’ Program

The Wharton School to Accept Bitcoin, Ether, and USDC for its “Economics of Blockchain and Digital Assets” Program

The Wharton School at the University of Pennsylvania plans to accept cryptocurrency as tuition for its online blockchain and digital asset program, as per the announcement made this week.

One of the nation’s premier business schools, the Wharton School, is launching a new online program called the “Economics of Blockchain and Digital Assets” early next year.

For this program, the University will accept tuition payment in Bitcoin (BTC), Ether (ETH), and stablecoin USDC through the cryptocurrency exchange Coinbase.

“Blockchain and digital assets are not going away,” said Kevin Werbach, the program’s academic director. These new classes are designed for a variety of professionals in fields such as tech, finance, and management.

For this, the Wharton School worked with the blockchain economic consulting firm Prysm Group that has helped educate companies and other schools on digital assets.

The program is supported by Amazon Web Services, Hyperledger, Forte, SKALE, Synthetix, and Algorand. It will also feature guest speakers from USDC issuer Circle, VC giant Andreessen Horowitz, Forbes, cryptocurrency platform Litecoin, Unchained podcast, The Defiant, the World Economic Forum, and the US Security and Exchange Commission (SEC).

“It’s a program about blockchain and digital assets, we felt that we should talk the talk and walk the walk.”

“Coinbase has 68 million verified users, any one of these users will benefit from this program.”

Guido Molinari Managing Partner at Prysm Group

The program is currently open for limited enrollment for its first cohort, which begins on January 3, 2022.

Earlier this year, the school said it received the largest ever crypto gift of $5 million from an anonymous donor.

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Author: AnTy

Mastercard Sees ‘Massive Services Opportunity’ in Crypto, But as a Payment Tool Bets on CBDC

Mastercard Sees ‘Massive Services Opportunity’ in Cryptocurrency, But as a Payment Tool Bets on CBDC

“We can’t run fast enough right now to get into the space because a lot of other people are deep into crypto,” said CEO Michael Miebach.

Payments giant Mastercard posted stronger-than-expected quarter third financial results with revenue rising 30% to $5 billion and gross dollar volume surging 20% while purchase volume increased 23%.

During the company’s earnings call with analysts, Chief Executive Officer Michael Miebach talked about being “excited” about the acquisition of CipherTrace, a crypto security and fraud monitoring company.

The fact that CipherTrace supports 900 cryptos, Mastercard sees it as “a massive services opportunity.”

“In the crypto space, we’re making it easier for crypto players to connect to our network,” said Miebach, noting that they have signed up a number of new crypto wallet providers and exchanges this quarter.

Meanwhile, Mastercard’s crypto program allows consumers to easily buy crypto assets, spend their crypto balances wherever it is accepted, cash out their proceeds with Mastercard Send, and earn rewards in the form of crypto or even NFT, said the CEO.

“We’re also seeing a growing services opportunity in this space.”

When asked about how he sees the overall crypto ecosystem evolving, starting with “we could not have an earnings call without talking about crypto,” Miebach said they are clear on how they want to play in the space.

“We see significant volumes in terms of people actually investing in crypto and selling crypto. So as an asset class, there’s a lot going on,” he said. Here, Mastercard facilitates these transactions through partnerships with crypto firms.

As for crypto as a payment tool, Mastercard has a “differentiated view” in the way that they believe, “the most likely chance of this kind of technology to work for payments is issued through a government in the form of central bank digital currency.”

When a government is ready to launch their CBDC, which Miebach said will “exist alongside the dollar or the euro settlement currency in our network,” they will make their network ready to do that.

Mastercard’s sandbox provides a safe space for government and private sector banks to understand how CBDC works. And if there’s a private stablecoin, “we might also do that,” he added.

“We can’t run fast enough right now to get into the space because a lot of other people are deep into crypto and these questions are not resolved. So asset class, CBDCs and a services opportunity, those are the three ways that we feel we want to play and we need to play and we have the differentiated assets to do so.”

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Author: AnTy Integrates with Solana, App Becomes 3rd Most Downloaded as Ad Features Matt Damon Integrates with Solana, App Becomes 3rd Most Downloaded as Ad Featuring Matt Damon Airs Worldwide

Cryptocurrency exchange is now supporting deposits and withdrawals on Solana, starting with the stablecoin USDC. This support has been in addition to ERC20, BEP20, Arbitrum, and the Polygon Network.

“ Exchange Users can now enjoy faster, cheaper, and safer transfers for USDC via Solana,” said the exchange. This option is available on both the mobile app and exchange web.

Solana is one of the leading Ethereum competitors whose native token SOL is a $59 billion market cap cryptocurrency trading at $196.5, just 10.4% away from its all-time high of $219 hit earlier in the week. In 2021, so far, SOL is up 10,550%.

Besides onboarding Solana blockchain, also signed actor Matt Damon as the face of the company.

The exchange, which has grown its user base about tenfold since last year, is now making its first global marketing push by spending over $100 million on the campaign. The “fortune favors the brave” ad stars Damon and airs in more than 20 countries.

“I’ve never done an endorsement like this,” Damon said in an interview. “We’re hoping this is the beginning of a great long-term collaboration.” has also signed deals with Formula 1, the Ultimate Fighting Championship (UFC) and Italy’s top soccer league, French soccer club Paris Saint-Germain, the Philadelphia 76ers, the Montreal Canadiens, and Formula 1’s Aston Martin Cognizant.

Damon, an investor in, said he’s conservative with his investments and will typically “ride or die with the economy.”

“This is a defining moment for the company and for the industry,” said Chief Executive Officer Kris Marszalek.

Founded in 2016, the company’s iOS app has also become the third most popular on Apple’s U.S. App Store. The app had roughly 600,000 downloads in September, according to the analytics site SensorTower.

Crypto exchange Coinbase has also climbed to the top spot to become the most downloaded apps for the United States Apple App Store.

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Author: AnTy

Facebook (Meta) to Build ‘Privacy and Safety’ into the Metaverse and Support for Crypto & NFTs

Facebook (Meta) to Build ‘Privacy and Safety’ into the Metaverse from Day One and Support for Crypto & NFTs

Facebook has rebranded its name to ‘Meta’ in an effort to move beyond the social network to its virtual reality vision. Meta, as the company said, would better “encompass” what it does.

“Over time, I hope that we are seen as a metaverse company, and I want to anchor our work and our identity on what we’re building towards,” Facebook CEO Mark Zuckerberg told a virtual conference.

This brand name change only applies to the parent company and not other companies it owns, viz Facebook, Instagram, and Whatsapp.

The new name was unveiled by Zuckerberg in a keynote presentation Thursday, where he also shared that his ambitious framework for a 3-D virtual world will include non-fungible tokens (NFTs), which are digital representations of artworks.

“This is going to require not just technical work, like some of the important projects that are going on around crypto and NFTs in the community now, it’s also going to take ecosystem building, norm setting, and new forms of governance, and this is something that we’re really going to focus on,” said Zuckerberg.

“Privacy and safety need to be built into the metaverse from day one.”

Zuckerberg noted that they would also be exploring new types of ownership models and entitlements to allow people to sell limited-edition digital objects like NFTs, display them in their digital spaces, and resell them to the next person securely.

“The metaverse will remove many of the physical constraints we see in commerce today and make entirely new businesses possible.”

Facebook also unveiled some new projects to support the vision of Metaverse that includes a $150 million fund to encourage its use among the customer base. The social media giant is committed to spending billions of dollars to make it happen.

A couple of months back, Facebook Financial head David Marcus had also talked about smart contracts, programmable money, and NFTs as “transformational for the metaverse.”

Marcus suggested that they are working on something NFT-related in their digital wallet Novi and could also be part of Facebook’s plans.

“It’s too early to talk about our plans but we’re definitely looking at a number of ways to get involved in the space because we think we’re in a really good position to do so.”

In the Founder’s letter, Zuckerberg explained that this new platform will be “more immersive” and will “touch every product we build.”

A feeling of presence will be the defining quality of the metaverse, he wrote. Here, users will be able to do “almost anything you can imagine” that today doesn’t fit with computers or phones.

“This will open up more opportunity no matter where you live. You’ll be able to spend more time on what matters to you, cut down time in traffic, and reduce your carbon footprint.”

Zuckerberg reiterated that privacy and safety must be built into the metaverse from day one along with open standards and interoperability, which given Facebook’s past, doesn’t give much confidence. Also, this will require more than novel technical work such as “supporting crypto and NFT projects,” he added.

“I’m dedicating our energy to this — more than any other company in the world… The future is going to be beyond anything we can imagine.”

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Author: AnTy

Starbucks Card Is Now Reloadable with Crypto, Coffee Giant Exploring Tokenizing Through Blockchain

Starbucks Card Is Now Reloadable with Cryptocurrencies, Coffee Giant Exploring Tokenizing Through Blockchain

The Seattle-based coffee giant Starbucks (SBUX) reported its fourth-quarter revenue of $8.15 billion.

During its earnings call, President and Chief Executive Officer Kevin Johnson said they are deepening its digital relationship and expanding the reach through payment partnerships with PayPal and Bakkt.

This partnership now allows a customer to “reload their Starbucks card with a range of cryptocurrencies including Bitcoin, Ethereum and others by converting digital currencies to physical currency and reloading their Starbucks card,” he said.

He further talked about utilizing blockchain technology to enhance digital services, enable customers to exchange value across brands, engage in more personalized experiences, and exchange other loyalty points for Stars at Starbucks.

“Through blockchain or other innovative technologies, we are exploring how to tokenize Stars, create the ability for other merchants to connect their rewards program to Starbucks Rewards,” Johnson said.

By leveraging its digital capabilities, Starbucks grew its 90-day active Starbucks Rewards members that represent the company’s most loyal and engaged customers by about 30% to 24.8 million members.

MicroStrategy’s Bitcoin Stash Grows Over $7 Bln

Besides Starbucks, business intelligence company MicroStrategy which holds Bitcoin on its balance sheet also reported its Q3 financial results that showed it purchased 8,957 BTC in this quarter, bringing its total holdings to over 114,000 BTC worth more than $7 billion at current prices.

The book value of the company’s Bitcoin stash was $2.406 bln with a cumulative impairment loss of $754.7 million.

MicroStrategy also reported a revenue of $128 mln. “We’re profitable, we’re generating a very healthy operating margin, and I’m very pleased with the stability and maturity of that business,” said CEO Michael Saylor.

During the third quarter, the company also offered $500 mln of senior secured notes, a “more creative” option than convertible debt issuance, with an annual interest rate of 6.125% in a private offering to finance more Bitcoin purchases.

Commenting on the regulatory discussions around Bitcoin, Saylor said,

“There’s no intention to block institutions from owning this asset.”

“It’s been referred to as a scare, speculative digital asset, or store of value asset.”

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Author: AnTy