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BitcoinBites: 5 BTC stories you should know – January 5th, 2022

Jan 05, 2022
byNDAX Labs

Billionaire Investor Mark Cuban to Share Stage at BTC Miami with Mayor Francis X. Suarez to Kick Off Blockchain Week

Business titan and billionaire investor Mark Cuban joins crypto-friendly Miami Mayor, Francis Suarez as headline speakers at The North American Bitcoin Conference (TNABC) at the James L. Knight Center in Miami, Florida, on January 17-19, 2022.

The largest crypto conference and trade show of Blockchain Week Miami, TNABC will focus on discussing the latest technologies, trends, and opportunities in the cryptocurrency and blockchain markets.

Read the full story on Crypto New Media

Signing bonus paid in Bitcoin for professional disc golfer Ricky Wysocky ($4 million dollar contract)

Current world #1 Ricky Wysocki has signed a four year, $4 million endorsement deal with Dynamic Discs, matching Paul McBeth’s $1 million average annual value contract as the largest amount in disc golf history.

The $4 million is guaranteed, with the opportunity to earn above that through incentives and bonuses. He will also receive a $250,000 signing bonus paid out in bitcoin, the first arrangement of its kind in disc golf.

“At the end of the day, a million a year just makes sense,” said Dynamic Discs Team Manager Eric McCabe. “Because that’s what Paul’s getting. And with Ricky as the number one player in the world, coming back here, it just makes sense.”

Read the full story on Crypto New Media

Nasdaq-listed company offers dividends in Bitcoin, shares skyrocket

The US-based publicly traded blockchain infrastructure and analytics company BTCS has announced it will offer dividends payable in bitcoin (BTC) to its shareholders, apparently becoming the world’s first public company to do so.

According to an announcement from BTCS on Wednesday, the company will give investors the option to receive their dividends paid in bitcoin later this year, saying “cryptocurrency adoption and financial freedom” is paramount to the company’s ethos.

Following today’s announcement, shares of BTCS on the Nasdaq stock exchange jumped almost 40% in a matter of just 15 minutes after the market opened. As of 09:42 ET (14:42 UTC), the stock stood at USD 4.23, up from a closing price yesterday of USD 3.03.

The bitcoin dividend – dubbed “Bividend” by the company – will be based on bitcoin’s US dollar market price as of the ex-dividend day, the company, which has developed infrastructure for blockchain technologies since 2014, further said.

Read the full story on Crypto News

Goldman Sachs says Bitcoin will compete with gold as “store of value”

LONDON (Reuters) - Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note to clients.

Citing bitcoin's $700 billion market capitalization, compared to the around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share of the "store of value" market.

Bitcoin will "most likely" become a bigger proportion over time, Goldman Sachs said, in a list of 2022 predictions.

In a hypothetical scenario in which bitcoin grabs a 50% share of this market, its price would reach just over $100,000, the note said.

Bitcoin was trading around $46,073 on Wednesday, having struggled to make gains after falling sharply in early December. In November, it had hit an all-time high of $69,000.

Read the full story on Bitcoin Warrior

Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the previous day’s levels near $47,000 on Binance at the time of writing.

The repeated dips had failed to unsettle market participants, who now turned to the prospect of an abrupt move up or down in the coming weeks. Volatility in a time of flat funding rates and record-high open interest on derivatives markets, they had said Tuesday, was all but a given.

“Think we enter a volatility squeeze by end of the month,” analyst William Clemente forecast in part of comments on Bitcoin’s Bollinger band chart.

A popular indicator, which Clemente acknowledged as one of his “favorite” tools, Bollinger bands use two standard deviation bands around Bitcoin’s spot price to assess when volatility is likely to come.

Read the full story on Cointelegraph

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