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Bitcoin tops $40,000 for first time, pushing cryptocurrency market value past $1 trillion
Key Points Bitcoin smashed through $40,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues. Bitcoin’s resurgence has been attributed to a number of factors including more buying from large institutional investors. Bitcoin smashed through $40,000 to hit a new record high on Thursday helping to lift the total value […]
Cryptocurrency market value surpasses $1 trillion for first time as bitcoin hits $37,700 record…
Key Points Bitcoin smashed through $37,700 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues. The cryptocurrency is up about 29% since the start of 2021 and in the past 12 months has surged over 380%. The value of the entire cryptocurrency market, which is made up of bitcoin and […]
US Treasury to Allow Blockchains, Stablecoins for Bank Payments
The Office of the Comptroller of the Currency issued an interpretive letter that could help make crypto payments mainstream. In brief The OCC is an independent bureau of the US Treasury. It has issued guidance stating that banks may use blockchains and stablecoins to facilitate payments. The OCC has come under scrutiny from some legislators […]
One River Makes One of the Largest Cryptocurrency Trades in History
One River Asset Management has made one of the largest ever cryptocurrency investments, according to crypto exchange Coinbase. One River has worked with crypto exchange Coinbase to invest an undisclosed amount in cryptocurrency. According to Coinbase, which carried out the transaction, its purchase represents “one of the largest digital asset trades in history.” The initial […]
JPMorgan says bitcoin could rally as high as $100,000 — but warns that such a surge would be…
Bitcoin could stage a monster rally in 2021 to as high as $100,000, but pricing at that level “would prove unsustainable,” JPMorgan said in a note on Monday. “We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said. At its […]
What Is Bitcoin Cold Storage?
“What is Bitcoin cold storage” is one of the most frequently asked questions. Due to the rising popularity of Bitcoin and cryptocurrencies, a growing number of people are seeking to keep their coins secure, and Bitcoin cold storage is one of the most secure solutions. What is Bitcoin cold storage? When you picture a Bitcoin cold […]
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