Bitcoin on Balance Sheet, TIME Magazine Agrees to Payment in BTC

Bitcoin adoption is surging, and the latest company to join the BTC market is TIME Magazine. The company has partnered with Grayscale, the world’s largest crypto asset manager, to launch a new video series this summer to cover BTC and other digital currencies.

According to an official announcement by Grayscale CEO Michael Sonnenshein, TIME President Keith Grossman has agreed to accept Bitcoin as a payment method. TIME will also hold BTC on their balance sheet.

“Thrilled to announce that Grayscale is partnering with TIME on a new video series coming this summer explaining the crypto space. Equally as important, Keith Grossman & TIME has agreed to be paid in Bitcoin and will hold the BTC on their balance sheet. A first for our media partnerships,” Grayscale CEO mentioned on Twitter.

The world’s largest cryptocurrency is already up by more than 100% this year. As of writing, Bitcoin is trading near $60,500 with a total market cap of more than $1.1 trillion. The market dominance of BTC currently stands at around 54%.

Salary in Bitcoin

The latest announcement from Grayscale and TIME Magazine came after MicroStrategy, the world’s largest business intelligence firm, announced yesterday that the company’s Board Members will receive salaries in Bitcoin. Jim Cramer, a well-known media personality and Founder of The Street, mentioned on Twitter yesterday that he would like to receive Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in BTC. Russell Okung, who plays for Carolina Panthers in the American National Football League (NFL), announced in December 2020 that he would like to get paid in Bitcoin. Okung received 50% of his $13 million salary in BTC.

The world’s largest digital currency is currently trading near a record high. Bitcoin has seen a drop in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term recently. According to the latest research note published by JPMorgan, a drop in BTC’s volatility is helping its institutional adoption. Furthermore, the bank gave a long-term price target of $130,000 for the world’s largest digital asset.