Octagon Networks; The First Cybersecurity Firm To Convert Balance Sheet To Bi...
Digital assets or the widely known as Bitcoin has gained immense popularity, a lot of companies have started to incorporate cryptocurrencies into their ecosystem. After MicroStrategy, Octagon Networks reportedly converted their whole balance sheet to Bitcoin. Octagon Networks is a cybersecurity company which operates out of Addis Ababa and San Francisco. The company mentioned that […]
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Octagon Networks has converted its entire balance sheet into bitcoin and will begin accepting payments in BTC for all services.
Octagon Networks, a global cybersecurity company, announced it would adopt a Bitcoin standard, offering half-price discounts for Bitcoin payments. Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).” The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.” Today, Octagon Networks becomes the first cybersecurity....
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With inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. However, critics have said the U.S. central bank hasn’t really shrunk the Fed’s balance at all, and the entity has been accused of keeping quantitative easing (QE) practices persistent by continuing to purchase long-term securities from the market. Forecasting Firm LH Meyer Predicts Fed Will Shrink the Balance Sheet Earlier Than Expected, While the Central Bank’s Reductions....