[Comparing Zaobao] MicroStrategy is back! This time I'm not buying bitcoins, but developing related software products! ; BitPay adds support for Apple Pay, which will soon support Google Pay and Samsung Pay; J.P. Morgan Chase: Bitcoin transactions will be supported if customers need it

Blockchain news you need to know every morning:

[MicroStrategy is back! This time I'm not buying Bitcoin, but developing related software products!]

MicroStrategy, which has bought 71,079 bitcoins in the past six months, has made another move. The company is building its first Bitcoin-related software product. MicroStrategy is starting to set up a blockchain analytics team. On Friday, the company posted on LinkedIn the recruitment of blockchain data analysts and blockchain data engineers. In the job posting, the company mentioned that these engineers will join a team to “build an analytical platform with advanced metrics and insights for Bitcoin.”

[BitPay adds support for Apple Pay, and will soon support Google Pay and Samsung Pay]

BitPay, the world's largest Bitcoin and cryptocurrency payment service, announced on Friday the addition of support for Apple Pay. According to a press release issued by the company, US cardholders of a BitPay prepaid Mastercard can add their card to an Apple wallet and use Apple Pay to make purchases. With Apple Pay, BitPay cardholders can make secure purchases through stores, apps, and the web. Customers who haven't received a physical card can add their virtual card to their Apple Wallet through the BitPay Wallet app and start spending immediately. BitPay also plans to support Google Pay and Samsung Pay later this quarter.

[J.P. Morgan Chase: Bitcoin transactions will be supported if customers need it]

Daniel Pinto, co-president and chief operating officer of J.P. Morgan Chase, said the banking giant will support Bitcoin transactions if customers demand it. In an interview with CNBC on Friday, Pinto said, “If Bitcoin develops into an asset class used by different asset managers and investors over time, we will have to get involved. The demand isn't there yet, but I'm sure it will at some point.” At the beginning of this week, automaker Tesla revealed that it would buy $1.5 billion in Bitcoin and would support Bitcoin payments, which sparked discussions among major companies about whether they would support Bitcoin.

[Altcoins generally rise, Ethereum breaks $1,800]

In the past 24 hours, altcoins have generally risen, Ethereum has broken another $1,800, and Bitcoin has adjusted sideways. The current total market capitalization of the cryptocurrency market is $1,493,336,371,844, the 24-hour trading volume is $306,135,529,680, and Bitcoin accounts for 59.44% of the market. In the past 24 hours, 19 of the top 20 cryptocurrencies by market capitalization have risen, and 85 of the top 100 cryptocurrencies by market capitalization have risen. The overall cryptocurrency market is trending upward. The top 3 increases were Algorand (41.51%), NEAR Protocol (36.31%), and VeChain (33.05%). The top 3 declines were: Carboncoin (-17.75%), HedgeTrade (-12.95%), and 1inch (-3.49%).

[The S2F model and technical indicators show that Bitcoin will reach $100,000 in a few months]

Since entering 2021, Bitcoin, the cryptocurrency with the highest market capitalization, has repeatedly reached new all-time highs. According to comparative data, the price of Bitcoin has now risen above 47,000 US dollars, which is only one step away from the 50,000 US dollar mark. Compared to 2020, the price of Bitcoin has increased by more than 100%, but crypto analysts and investors generally believe that this bull run has only just begun. Popular analyst PlanB's Traffic Inventory Model (S2F) on Twitter shows that Bitcoin's price is likely to soar in a few months. He said on Twitter that the price of Bitcoin could soar to the 6-digit price area between April and September this year. He pointed out that since Bitcoin was halved in May 2020, the price of Bitcoin has been moving in a “steady and unavoidable” manner.

[BlockFi increased its holdings in Grayscale Bitcoin Trust and now holds a total of 1.7 billion US dollars]

Crypto lender BlockFi revealed on Friday that it has increased its Grayscale Bitcoin Trust (GBTC) holdings by 11.9 million shares. In October of last year, BlockFi disclosed that it holds 24.2 million GBTC shares. Currently, the total number of GBTC holdings has reached 36.1 million shares, with a total amount of 1.7 billion US dollars, accounting for 5.66% of all GBTC. BlockFi CEO Zachary Prince told CoinDesk that holding GBTC increased the value of the current and non-current stock markets because “there is a GBTC-related lending market.”

[Miami City Council backs mayor's decision to embrace cryptocurrency]

The US Miami City Board of Administration is now studying the feasibility of allowing Miami residents to pay taxes and receive wages in Bitcoin. Miami Mayor Francis Suarez presented an official resolution this week claiming to make Bitcoin an acceptable payment instrument for all departments of the city's administration. He announced the news on Twitter on Friday, saying that the city's executive board has supported the resolution and is now taking the next steps. He mentioned, “I want to thank the Miami City Commission for supporting my resolution. After analysis, we will select a vendor that will provide our employees with a percentage of their salary in Bitcoin and allow our residents to pay fees in Bitcoin.”

Author Amy Liu

This article is from Bitpush.News. The source must be indicated for reprinting.