Cryptocurrency king Bitcoin is now the largest financial service in the world with the market cap surpassing Visa. Bitcoin is now valued at $508.97 billion, ahead of the $460.06 billion market cap of Visa, according to Companiesmarketcap. The price of Bitcoin crossed the $27,000-mark to hit a new all-time high Read more…
In the wake of the Securities and Exchange Commission’s lawsuit against Ripple, crypto market-making firm B2C2 halted the trading of XRP with U.S.-based counterparties on Thursday, The Block has learned. As one of the largest market-making firms in the crypto market, B2C2 operates in the U.S. through B2C2 USA. The Read more…
Bitcoin has been making headlines for around 10 days now, ever since it broke the resistance at $20,000 and surged forward, into the unknown. Since then, the coin has hit a new all-time high several times, on December 17th, 20th, and then again today, on the 26th, as investors came Read more…
Bitcoin, the king of the cryptocurrency universe, has done what every hardcore fan and expert said it would do. Bitcoin reached a new all-time high, surpassing $24,000 for a single coin recently — add it to the list of strange things that happened in 2020. The accomplishment is all the more Read more…
US crypto exchange, Coinbase, just announced who will be the recipients of its Crypto Community Fund grants. The grants are given to Bitcoin developers who can contribute the most to the advancement of the coin’s underlying technology. Who won the grants? Originally announced in October of this year, the grants are set to reward Read more…
Companies in the Bitcoin mining space have primarily enjoyed a favorable regulatory landscape in the United States. For many of these firms, their goal is to redistribute the global hash rate and curb China’s dominance. However, one company is facing pullback from residents of a New York town following an expansion Read more…
Grayscale Bitcoin Trust added 12,319 Bitcoin in the last 24 hours to push its total crypto assets under management above $15 billion. The price of Bitcoin is currently moving around $23,000. According to the data gathered by crypto analytics company Bybt.com, Grayscale now has nearly 589,000 Bitcoin along with 2.94 million Read more…
Grayscale Investments has been the poster child for institutional cryptocurrency purchases for the better part of a year now. However, the company appears to have halted investments in several of its top cryptocurrency trusts, putting potential investors in uncharted waters. Earlier this week, a Twitter user shared a screenshot confirming that top Read more…
Last year’s backlash against Facebook Inc.’s planned digital currency Libra would have been most CEOs’ worst nightmare. Governments and regulators linked arms to repel a perceived threat to monetary sovereignty, financial stability and data privacy. The more Mark Zuckerberg tried to reassure politicians by talking up financial inclusion and innovation, the more Read more…
As bitcoin hit a new record high of high of $24,299.75 on Sunday, Elon Musk asked about the possibility of converting “large transactions” of Tesla Inc’s balance sheet into bitcoin, according to a Twitter exchange between Musk and a well-known advocate for the digital currency. Michael Saylor, chief executive officer Read more…