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🔐 Swan introduces "collaborative custody" service with Blockstream's Jade hardware wallet! - Users maintain ultimate control of their #bitcoin while ensuring secure offline storage - Multi-signature wallet scheme + third-party assistance for backup & transfer - Addresses demand for both security & user-friendly experience in #crypto storage What are your thoughts on collaborative custody? Share in the comments! 💬✨

🔐 Swan introduces "collaborative custody" service with Blockstream's Jade hardware wallet!

- Users maintain ultimate control of their #bitcoin while ensuring secure offline storage

- Multi-signature wallet scheme + third-party assistance for backup & transfer

- Addresses demand for both security & user-friendly experience in #crypto storage

What are your thoughts on collaborative custody? Share in the comments! 💬✨

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📉 Bitcoin has seen a rough week, dropping to its lowest price in four weeks. The leading cryptocurrency fell over 2% in an hour to $65,100 during the U.S. trading session. Smaller cryptocurrencies have seen even steeper declines, with the CoinDesk 20 Index shedding almost 12% week-over-week. The sudden drop liquidated nearly $180 million of leveraged derivatives trading positions across all crypto assets over the past 24 hours, most of them longs betting on higher prices. This week's shake-out saw a total of over $870 million in liquidations. Analysts had anticipated a breakout for bitcoin due to slower inflation and softer economic data, but attempts for rallies were quickly sold off. The Federal Reserve's projection of only one rate cut this year, less than previously forecasted, also dashed investor hopes. What are your thoughts on this market shake-up? Share your views in the comments below! 💬
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🚀 MicroStrategy, the largest corporate holder of Bitcoin, has upped its convertible note offering by 40% to $700 million! This move comes with a 2.25% annual yield and the notes will mature by June 2032. The proceeds? They'll be used to acquire even more Bitcoin and for general corporate affairs. The company's shares have also seen a slight increase, trading above $1,500. Brokerage firm Bernstein has set a bullish $2,890 price target for MicroStrategy's shares. What's your take on this development? Let's discuss in the comments! 💬
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📣 Big news in the crypto world! Tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla have been dropped by Nigeria's Federal Inland Revenue Service (FIRS). The charges now solely target Binance, with its local representative stepping into the spotlight. However, the saga isn't over yet. A money laundering trial is still on the horizon, with Gambaryan and Anjarwalla remaining defendants. The next hearing is set for June 19th, with the trial resuming the following day. What are your thoughts on this development? Share your insights in the comments below! 🚀
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📉 Bitcoin's price has dipped by 6% in a week, despite the Nasdaq hitting an all-time high. This deviation from its usual correlation with the tech-heavy index has been attributed to factors such as profit-taking by holders and increased selling by miners. A significant move of 8,000 BTC from a dormant wallet to Binance has also raised eyebrows, often indicating an impending sale. Analytics firm CryptoQuant has noted a decline in the number of BTC inactive for 12 months and 2 years, suggesting holders are cashing in near record highs. What's your take on this? Share your thoughts below! 👇
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🚀 Bernstein predicts Bitcoin could hit a whopping $1 million by 2033 and reach a cycle-high of $200,000 by 2025! This bullish forecast comes as the firm initiates coverage of MicroStrategy, the largest corporate owner of Bitcoin, with an outperform rating and a $2,890 price target. MicroStrategy, under the leadership of Michael Saylor, owns 1.1% of the global Bitcoin supply, worth about $14.5 billion. The company's active leveraged Bitcoin strategy has outperformed passive spot exchange-traded funds (ETFs), according to Bernstein. The firm's Bitcoin price forecast is driven by unprecedented demand from spot ETFs and a constrained supply of the cryptocurrency. MicroStrategy's long-term convertible debt strategy provides it with time to benefit from potential Bitcoin upside with limited liquidation risk. What do you think about this bullish Bitcoin forecast? Let's discuss in the comments! 💬
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