Rockstar and Kiss Bassist Gene Simmons Tells Fans He Bought Bitcoin and Other Cryptocurrencies

In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.”

The bassist and co-lead singer of the classic rock band Kiss discussed cryptocurrencies on Twitter on Sunday, after a few months ago when he tweeted about the subject with Cameron Winklevoss last September. His tweet at the time simply said “I will. I am,” in response to a Twitter discussion about the leading cryptocurrency.

Gene Simmons told his fans he purchased BTC, ETH, LTC, DOGE, and XRP on Sunday.

The message was cryptic and people didn’t really understand what the Kiss frontman meant at the time. However, on Sunday the rockstar, also known by his stage persona “the Demon,” said he bought and owned some digital currencies.

“I’m not recommending any of this to anyone,” Simmons tweeted. “But yes, I bought and/or will own bitcoin, ethereum, litecoin and others.” The Kiss bassist may have been referring to his cryptic tweet on September 15, 2020.

A number of cryptocurrency supporters responded to Simmon’s tweet on Sunday and of course, many shilled their favorite cryptos with funny responses, animated GIFs, and memes. One Twitter account dubbed “The moon” (@themooncarl) responded to Simmon’s statement and said: “Buying bitcoin is a vote against the corrupt banking system, it’s a great choice. Any price below $100,000 per bitcoin is still cheap,” he added.

Then the Kiss bassist and vocalist decided to tweet some more about a few other tokens he purchased.

“Not recommending any of these to anyone,” Simmons said before his next message. “But yes, I also bought Dogecoin, XRP, and others. Make of it what you will.”

Now, this tweet was a little more controversial, as XRP has its share of controversy and haters. “Nice gene you bought the bag holders deluxe pack,” one person responded. Both of Simmons’s crypto tweets have seen over 12,000+ likes and a few thousand retweets as well. The crypto community seemed pleased that the famous classic rock musician was opening up about his digital asset holdings.

What do you think about Gene Simmons telling his Twitter followers about what cryptocurrencies he bought and owns? Let us know what you think about this subject in the comments section below.

via Jamie Redman

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Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance

Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confirmed that he supports bitcoin, stating that it is “a good thing.” Admitting that he is late to the game on bitcoin, Musk said that he should have bought some eight years ago when his friend fed him a slice of a bitcoin cake.

Elon Musk Confirms He Supports Bitcoin

In an interview on The Good Time Show via the Clubhouse app Sunday night, Spacex and Tesla CEO Elon Musk talked about bitcoin and dogecoin.

“I’ve got to watch what I say here because some of these things can really move the markets,” Musk responded when asked to comment about bitcoin. “Many friends of mine have tried to convince me to get involved in bitcoin for a long time … I was a little slow on the uptake.” He added that one of his friends called Billy had a bitcoin cake, and he fed him a slice in 2013.

“I at least should have bought some bitcoin eight years ago,” Musk admitted, elaborating:

I do at this point think bitcoin is a good thing. I’m late to the party but I’m a supporter of bitcoin and I think bitcoin is really on the verge of getting broad acceptance by conventional finance people.

“I don’t have a strong opinion on other cryptocurrencies,” the Spacex and Tesla CEO further revealed. On dogecoin, he said: “Occasionally, I make jokes about dogecoin but they are meant to be jokes. Dogecoin was made as a joke to make fun of cryptocurrencies. Obviously.”

Nonetheless, Musk added: “But fate loves irony, and often the most ironic outcome or entertaining outcome is the most likely. And I think that the most entertaining and ironic outcome is that dogecoin becomes the currency of earth in the future.”

During the Clubhouse interview, Musk also grilled the CEO of investing app Robinhood, Vlad Tenev, over last week’s controversial trading restrictions the platform abruptly imposed on popular stocks, including Gamestop. This followed a coordinated move by Redditors on the Wallstreetbets board on certain stocks.

Last week, Musk changed his Twitter profile to say just “#bitcoin” and tweeted, “In retrospect, it was inevitable.” The price of BTC shot up soon afterwards, but has since retreated. At the time of writing, his Twitter profile still just says “#bitcoin.”

What do you think about Elon Musk’s bitcoin remarks? Let us know in the comments section below.

via Kevin Helms

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Alphabit Digital Currency Fund Deploys Initial Investment in Stratis Protocol and Initiates Coverage

PRESS RELEASE. Stratis’ innovative blockchain solutions have attracted the attention of the digital asset investment fund, Alphabit, who have injected an initial investment while committing to a further 8 figure investment over the next 24 months for growth and development of the BaaS ecosystem.

1st February 2020, London, United Kingdom: Blockchain as a Solution (BaaS) service provider Stratis makes decentralized adoption easier for any firm with its innovative products designed to fit seamlessly with legacy operations, by allowing companies access to the Stratis blockchain via the widely-used C# programming language. The platform allows seamless running of smart contracts, multiple sidechains, and houses a full-scale ICO platform.

Alphabit, A billion USD AUM fund and one of the world’s first regulated digital asset investment funds focused on delivering turn-key solutions and assisting projects with end-to-end partnerships, enters into this venture to rapidly scale Stratis’ development and help deploy cutting edge products that allow mainstream organizations to use blockchain in their day to day operations. The significant commitment by Alphabit is a testament to the groundbreaking approach of Stratis’ offerings.

CEO of Alphabit Liam Robertson commented on the partnership:

“Stratis Protocol, after analysis, fits neatly into our investment thesis and we believe the potential for growth for Stratis to be exponential. We are delighted to welcome Stratis into our portfolio and look forward to supporting them over the coming months and years.”

Stratis CEO Chris Trew said the following:

“We are thrilled to partner with Alphabit, one of the world’s first regulated digital asset investment funds. Alphabits initial injection, in conjunction with their further investment commitment, will unquestionably assist in accelerating the adoption of Stratis Technologies, while cementing Stratis as the go-to platform for Microsoft .NET Blockchain development.”

With the expertise and backing of Alphabit, Stratis will be empowered to develop ever-better solutions for the b2b market. Coupled with their C# support, Stratis’ solutions will increase the onboarding of blockchain solutions in the global market.

About Stratis

Stratis offers unprecedented levels of security, reliability and performance through leveraging blockchain. First of its kind, the platform’s native C# ecosystem enables firms all over the world use their existing IT infrastructure and tools to adopt the technology by providing access to the Stratis blockchain’s features, in a language which is familiar to the everyday developer.

• Stratis Identity: A decentralized KYC and AML check to make it easier for businesses to verify client identities and comply with regulations.
• Supply Trust: A turnkey solution for supply chain management, providing full visibility in a trustless and decentralized environment.
• STO Platform: Regulation-compliant digital securities for businesses launching STO’s
• Stratis Smart Contracts: Secure and auditable digital contracts that are developed in the industry-standard Microsoft C# language, fit for the DeFi age.

About Alphabit

Alphabit specializes in investments in blockchain and distributed ledger technology projects. They offer a wide range of advisory services and act as the Investment Advisor to the Alphabit Fund; one of the world’s first regulated digital asset investment funds.

Their goal is to share their expertise with promising projects and advance the cryptocurrency movement as a whole, and to date, Alphabit has successfully brought to market projects like Metal Pay, The Sun Exchange, and Suterusu.

To find out more about how Stratis is bringing the next generation of blockchain to businesses, visit their website, or to see how Alphabit is empowering Blockchain businesses to reach new heights, visit their website.

Follow Stratis on Twitter – https://twitter.com/stratisplatform

Join the Stratis Developer Academy – https://academy.stratisplatform.com/

Check out Stratis on GitHub – https://github.com/stratisproject

Read the latest Stratis news – https://www.stratisplatform.com/news/

 

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 

Stratis Group LTD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

 

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

via Bitcoin.com PR

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Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’

According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin, the value of the crypto asset will potentially rise to $400,000.

Institutional Adoption

The study findings, which are based on December 1, 2020 data, seem to get validation from BTC’s price movement after Square and Microstrategy acquisitions. As on-chain data shows, the value of the crypto asset went up after the two companies announced their BTC acquisitions.

Still, in making the case for a greater allocation of bitcoin in institutional portfolios, the AIM study says:

Untethered from traditional rules and regulations and generally uncorrelated to the behaviour of other asset classes, bitcoin seems to have earned a strategic allocation in well-diversified portfolios.

Further, the study findings also show that during the past decade, “bitcoin is the only major asset with consistently low correlations to traditional asset classes.”

Less Hype During 2020 Bull Market

Meanwhile, in addition to the price predictions, the study finds that the last bitcoin rally was driven less by hype. According to the study summary, “bitcoin’s search interest is low relative to the increase in its price.” Consequently, as bitcoin price neared all-time highs, the digital asset’s “Google search interest was at 15% of its all-time high.”

Another key takeaway from the study is AIM’s assertion that “bitcoin offers one of the most compelling risk-reward profiles among assets.” In the findings, AIM says:

As our analysis suggests, it could scale from roughly $500 billion to $1-5 trillion in network capitalization during the next five to ten years.”

Consequently, AIM says “capital allocators should consider the opportunity cost of ignoring bitcoin as part of a new asset class.” In the meantime, the study suggests bitcoin’s apparent acceptance could well “set the stage for ethereum and a new wave of financial experimentation.”

Do you agree with Ark Investment’s view that BTC value will skyrocket if all S&P 500 companies buy the crypto? You can tell us what you think in the comments section below.

via Terence Zimwara

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XRP Displaces Polkadot Token After Price Soars 100% in 48 Hours: Token Next Pump Target for Satoshistreetbets Traders

In a surge reminiscent of dogecoin’s recent rally, the value of the XRP token soared by more than 100% in just 48 hours. After starting the day at $0.29 on January 30, data shows that the token peaking at just above $0.67. At the time of writing, XRP is trading at around $0.66

 

As shown on markets.Bitcoin.com, after this price surge, the market capitalization of XRP went up to almost $28 billion, a figure close to double that of Polkadot. This means XRP has now reclaimed its position for now as the fourth highest-ranked crypto. Similarly, data from messari.io shows that XRP peaked at $0.68 on February 1.

 

With the token issuer Ripple Labs facing legal challenges, XRP’s unexpected price surge might lend credence to reports that an offshoot of the Wallstreetbets (WSB) is helping to pump the crypto.

Already, this movement of retail traders known as Satoshistreetbets has received partial credit for dogecoin’s recent meteoric rise. Buoyed by Wallstreetbets’ Gamestop short squeeze, Satoshistreetbets Redditors successfully campaigned for dogecoin and this caused its value to skyrocket.

At the time of writing, some crypto enthusiasts on social media are calling on retail crypto investors to join a campaign to pump XRP.

What are your thoughts on XRP’s current price rally? Tell us what you think in the comments section below.

via Terence Zimwara

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CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests

PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of the platform’s loan requests came from institutional investors.

According to CEX.IO LOAN, such an increase in demand can be attributed to the institutionalization of the cryptocurrency industry. Institutional investors, who have cryptocurrencies in their possession, regard it as a potential collateral for borrowing funds and actively utilise it as such. The borrowed funds are then used for further investment purposes.

In addition to featuring cutting-edge security and advanced anti-fraud measures, CEX.IO Group operates a regulated service, which has been licensed as a Distributed Ledger Technology (DLT) provider by the Gibraltar Financial Service Commission (GFSC) since last year. In addition to this, the Government of Gibraltar recently granted CEX.IO Limited a Money Lender License, allowing the firm to extend its ecosystem of regulated services with CEX.IO LOAN.

Institutional clients also prefer the company’s digital asset-backed lending service due to the convenience offered to users. On the CEX.IO LOAN platform, customers can borrow cash against their cryptocurrency assets in a quick and simple manner, without having to deal with credit checks or any unnecessary paperwork. To access the company’s instant crypto-backed lending service, new users have to open an account at the digital asset exchange and pass the mandatory Know Your Customer (KYC) and AML checks.

CEX.IO LOAN serves various cryptocurrency market participants, from retail investors, traders, and HODLers to startups, entrepreneurs, and large enterprises. As part of a flexible crypto-backed lending service, users can borrow any amount between $500 and $100,000 at competitive interest rates starting at 8.75% per year. Loan duration ranging from seven days to one year.

Currently, retail users can borrow funds against their Bitcoin (BTC) or Ethereum (ETH) assets. Based on the company’s data, the feature has already experienced high demand from VIP clients, with 41% of all CEX.IO LOAN customers borrowing cash against Bitcoin (BTC), 53% against Ethereum (ETH), and 6% against DeFi tokens.

The company has recently introduced a VIP-exclusive feature to offer flexible lending conditions and the ability to use decentralized finance (DeFi) tokens as collateral for institutional clients on the crypto-backed lending platform.

Furthermore, to best serve institutional customers, the requests and queries of VIP clients are handled individually by dedicated personal managers on the CEX.IO LOAN platform. Interestingly, 14% of CEX.IO VIP customers have already asked their personal managers about borrowing funds via the crypto-backed lending service.

“As institutional investors find the digital asset industry increasingly attractive, it’s a pleasure to serve them with our enterprise-grade instant crypto-backed loan platform. Security, convenience, and compliance are key priorities for corporate clients, which are features that we have been providing to all our clients in the rapidly growing CEX.IO ecosystem. Most importantly, we want to provide institutional clients with the best service. For that reason, VIP clients enjoy exclusive benefits, such as dedicated personal managers and flexible lending options, on the CEX.IO LOAN platform,” Anton Chashchin, Commercial Director for the CEX.IO LOAN service, stated.

In the announcement, the firm revealed further details about the size of the funds clients borrow on the CEX.IO LOAN platform. Based on the company’s data, while retail investors borrow $1,400 on average, VIP clients request larger-sized loans that vary in size, with the typical amount being $1 million or higher.

Institutional clients do not just borrow more but also need the funds for more extended periods which usually range between 6 and 12 months. According to the company, this phenomenon indicates a long-term strategy for VIP clients to manage their assets.

About CEX.IO LOAN

CEX.IO LOAN is a part of the CEX.IO Group, with this service provided by CEX.IO Limited, Gibraltar. Founded in 2013, CEX.IO operates one of the largest international exchanges of the cryptocurrency market, which has been featured among Crypto Compare’s ten best exchange services and Coin Metrics’ trusted service providers. With a multi-functional digital asset exchange, CEX.IO serves over 3 million customers worldwide with a team of over 250 professionals and offices in the UK, USA, Ukraine, Cyprus, and Gibraltar. From entry-level cryptocurrency users to professional traders as well as institutions and businesses, CEX.IO suits the needs of various crypto market participants with a reliable, high-security digital asset service.

For many years, CEX.IO Group has been working to expand its ecosystem with new solutions, including the B2B fiat-to-crypto exchange solution CEX.IO Direct, the technical solution for liquidity aggregation CEX.IO Aggregator, a verification and compliance platform Identance, and a staking service CEX.IO Staking.

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

via Bitcoin.com PR

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NFL Player Gets a Myriad of Celebrities to Add the Bitcoin Hashtag to Their Twitter Profiles

Following the day the Tesla founder, Elon Musk, added the Bitcoin hashtag to his Twitter profile, the popular Carolina Panthers offensive tackle, Russell Okung told his social media followers to put the Bitcoin hashtag in their bio. Okung has managed to get hundreds of people to do it, but more recently the NFL player started a decent train of celebrities with very large Twitter follower counts to join the bandwagon too.

Russell Okung: ‘Plant the Flag to Declare You’re Ready for the Future’

Last week, Elon Musk put the Bitcoin hashtag in his Twitter bio, and after he did that, the price of bitcoin (BTC) coincidently saw significant gains. Musk also tweeted, “In retrospect, it was inevitable,” and a great number of crypto supporters celebrated the Tesla founder’s social media teases. After Musk did this on Twitter, the NFL player who plays offensive tackle for the Carolina Panthers, Russell Okung told his Twitter followers to follow Musk’s recent move.

“Everyone put #Bitcoin in your bio,” Okung tweeted. “Plant the flag to declare you’re ready for the future. Send me a screenshot so I know it’s real,” the football player wrote. The football player is also well known for recently telling the world that he chose to take half of his U.S. 13 million-dollar NFL salary in bitcoin payments.

“Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit,” Okung explained at the time.

Another day, another #Bitcoin. pic.twitter.com/yZ2GSGvqtj

— russ (@RussellOkung) January 30, 2021

Following the popular NFL star’s tweet, Okung got over 2.3k in Twitter responses and a large number of screenshots. A great number of screenshots stemmed from hardcore cryptocurrency supporters and also a myriad of average people too.

We’re unstoppable. pic.twitter.com/pdTo96iuYp

— russ (@RussellOkung) January 30, 2021

Famous Celebs Join the Bitcoin Hashtag Trend

Furthermore, Okung managed to get a great number of celebrity names to participate in the Bitcoin hashtag bio trend as well. Okung has also been tweeting about some of the well known celebs joining in on planting the Bitcoin hashtag flag in their Twitter bios.

Some of the individuals included the spiritual guru Sofia Hayat, Westbrook Media’s Brad Haugen, Mr Beast, the singer Joy Villa, Reddit co-founder Alexis Ohanian, Skybridge Capital’s Anthony Scaramucci, and many more. Every one of the celebs has well over 100k Twitter followers or a whole lot more. “Salute to those building a decentralized future.”

Okung further tweeted on Saturday. “The message is clear: We’re not here to play a part, we’re here to take over,” the Carolina Panthers offensive tackle added. The following day, Okung also tweeted a disdainful message toward the ‘Great Reset’ agenda.

“You will own nothing, and you will be happy,” Okung tweeted referring to the November 2016 World Economic Forum (WEF) tweet that originally stems from a prediction made by a member of Danish parliament, Ida Auken. “Now translated as: ‘We will own everything, and you will let us,’” the NFL player Okung said on Sunday morning.

What do you think about all the celebrities joining Okung’s call to put the #Bitcoin hashtag in their social media profiles? Let us know what you think about this subject in the comments section below.

via Jamie Redman

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