Blockchain
MicroStrategy to Host Bitcoin Conference to Boost Institutional Adoption
MicroStrategy’s Bitcoin evangelism is about to take another turn as the company now looks to be the top recruiter of corporations into the crypto market. […]

MicroStrategy’s Bitcoin evangelism is about to take another turn as the company now looks to be the top recruiter of corporations into the crypto market. MicroStrategy’s CEO Michael Saylor revealed the details of the conference on Twitter.
Bringing as Many Into the Fold
Titled “Bitcoin for Corporations,” MicroStrategy’s free, online course will be held between February 3 and 4. As Saylor explained, the company hopes to teach others how to apply Bitcoin to ensure company growth and boost shareholder value.
On Feb 3 & 4, @MicroStrategy will host Bitcoin for Corporations. Join our officers, industry luminaries & strategic vendors for a free, online, accelerated course in #Bitcoin strategy & tactics to grow your company & create shareholder value.https://t.co/dHYPyWGxbo
— Michael Saylor (@michael_saylor) January 12, 2021
The event’s page showed that the first day would focus primarily on how companies can move their asset base to Bitcoin.
The company notably invested about $1 billion in the leading cryptocurrency last year and has reaped some significant benefit from the decision.
At this exposition, presenters include Saylor and Ross Stevens, the founder, and CEO of crypto investment firm Stoneridge Asset Management.
Saylor and MicroStrategy CFO Phone Le will also headline a session.
Both men would shed light on how corporations can seamlessly integrate Bitcoin into their treasury reserves. Other topics on the agenda include accounting, tax and audit, and regulatory considerations viz a viz Bitcoin.
MicroStrategy’s partners in the initiative include top crypto firms like Coinbase, Grayscale Investments, the Gemini Foundation, Binance, and Galaxy Digital.
Business Intelligence Solutions Firm Moonlights as Bitcoin Evangelists
MicroStrategy has become the poster child for institutional crypto adoption.
The company made a splash in August, announcing an initial $250 million buy-in with Bitcoin trading at about $11,000 at the time. Soon after, it re-upped and added $175 million to its Bitcoin haul as it solidified its mission to move to the “Bitcoin standard.”
In the months since then, the Virginia-based company has continued to make considerable Bitcoin plays.
As of last month, Saylor confirmed that the firm now had 70,470 BTC – making it the fifth-largest holder of Bitcoin globally. The firm made these purchases at an average Bitcoin price of $15,964. With the leading cryptocurrency gearing up to break the $40,000 barrier once more, MicroStrategy’s Bitcoin stash is easily worth $2.79 billion.
Still, the company isn’t content with just being one of the largest Bitcoin whales. Saylor, in particular, has been forceful in his push to get other firms to adopt Bitcoin. Last month, he had a famous interaction with Tesla CEO – and the world’s second-richest man – Elon Musk, encouraging him to make a similar move.
“If you want to do your shareholders a $100 billion favor, convert the $TSLA balance
sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor,” Saylor said.
It’s unclear whether men like Musk will be listening in on February 3 and 4. However, MicroStrategy appears focused on driving more institutional crypto adoption.
Blockchain
XRP, Tron, Tezos Price Analysis: 01 March

XRP could be in line for another sell-off as the 200-SMA looked to cross above the 50-SMA. Down the ladder, Tron and Tezos were projected to stick to a fixed channel, with a breakout largely dependent on the future movement of market leaders Bitcoin and Ethereum.
XRP

Source: XRP/USD, TradingView
The bearish nature of XRP’s market was evident on its 4-hour chart as the price remained below the 200-SMA (green) despite a slight recovery at the time of writing. Moreover, the long-term moving average looked positioned to cross above the 50-SMA (blue). The last time this development took place was when a lawsuit was announced by the U.S. Securities and Exchange Commission against Ripple which resulted in a massive price drop and a bear market that lasted for over a month.
The MACD line floated just above the signal line but momentum seemed weak on the buying side. The Stochastic RSI also tipped in favor of the bulls. A strong sell-off could be avoided if the indicators maintain a positive stance. If the sell-off does take place at the current level, $0.25 support could be in focus.
Tron [TRX]

Source: TRX/USD, TradingView
Tron continued to trade rangebound between $0.05 and $0.04 as momentum switched sides between the buyers and sellers. The Awesome Oscillator flashed green at the time of writing as momentum diverted back to the buyers. The 24-hour trading volumes surged by over 27% and clocked in at $1.76 billion.
While it looked like Tron was poised to rise above its overhead resistance, low volatility according to the Bollinger Bands worked against a bullish outcome. That could change if buying picks up over the coming sessions. Conversely, a pullback in the broader market could see Tron move towards $0.036 support.
Tezos [XTZ]

Source: XTZ/USD, TradingView
A horizontal pattern formed on Tezos‘ 4-hour chart as the price oscillated between a resistance and support line since bouncing back from the $3.2 mark. For traders, sell signals were present on the upper trendline and buy signals on the lower trendline. Considering Tezos’ strong correlation with Bitcoin, the state of the king coin could determine the direction of a breakout from the channel.
The next resistance level lied at $4.3, while the next support rested at $2.7. The MACD line moved above the signal line as bullish momentum was on the up. The RSI also pointed north from around the 50-level.
Source: https://ambcrypto.com/xrp-tron-tezos-price-analysis-01-march
Blockchain
Why countries like the US can do better in terms of crypto adoption

The interest in cryptocurrencies has been on the rise and the general awareness of the technology and its function as a digital asset has risen substantially in the past few years. While the United States has been open to innovation, the lack of regulatory clarity within the country has raised various concerns between people and businesses in crypto.
Whereas Asia has been enabling wide-spread adoption of cryptocurrency with countries like Japan and Hong Kong trying to form guidelines around cryptos. However, apart from the regulatory differences, the biggest difference could also be with regard to user behavior in these two regions.
Amber Group partner, Annabelle Huang, who recently appeared in Anthony Pompliano’s podcast stated that although the innovations were taking place in the United States of America, the greater chunk of adoption was coming from countries in Asia. The continent has also remained a hub for miners and crypto exchanges and according to Messari’s report, by the end of 2019 six out of ten of the largest cryptocurrency firms are located in Asia.
Huang noted:
“…The biggest difference is just the sentiment and the drive of people. I think in the States, just because there are a lot of regulatory constraints and concerns, people sometimes are more hesitant towards driving the business forward. But, in Asia, I think people are more eager to test things out, get things going on the ground. So, we do see a lot of early adoption in Asia.”
Asia has been a focal point for crypto adoption and nearly 42% of the market capitalization is based in the continent.

Source: Messari
The advantage Asia has been offering to new crypto projects is mainly due to the cultural mentality according to Huang who noted that:
“I think we see in Asia, in Korea and Japan, it is hard for people to find yield anywhere. […] Especially like, I guess, in Japan right, all the yields are negative and I think people are perhaps more inclined to find more opportunities and more acceptable to new things, so that’s why I think crypto adoption in Korea and Japan are highest among the world.”
Although China has remained apprehensive about cryptocurrencies, the country has been inching closer to launch its own Digital currency Electronic Payment [DCEP] system. As the market corrects itself, the coming changes in the market could also trigger changes in the sentiment across the globe about crypto, however, the regulations continue to remain in the gray area.
Source: https://ambcrypto.com/why-countries-like-the-us-can-do-better-in-terms-of-crypto-adoption
Blockchain
Hathor opens doors for Bitcoin traders


KuCoin launches trading services for the trading pair HTR / BTC at 10:00 AM on March 2, 2021 (UTC).
The HTR / USDT trading pair is currently open for HTR.
HTR has also launched a grant program for projects that want to develop the Hathor ecosystem and contribute to the global adoption of blockchains.
Apply Now! #BuildOnHathor #HTR
https://landing.hathor.network/grantprogram2021
Disclaimer: This article is a paid post and must not be considered as news/advice.
Source: https://ambcrypto.com/hathor-opens-doors-for-bitcoin-traders
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