The price of bitcoin has crossed a new all-time high on Saturday morning (EST), spiking over $31k per coin. At around 8:43 a.m., bitcoin’s value climbed to $31,417 per unit with roughly $12 billion in global trade volume. Bitcoin (BTC) has surpassed the $31k price zone, and has jumped very close to the $32k range.
The COVID-19 pandemic dominated the news in 2020, affecting myriad sectors — health, economics, social justice, politics and trade, as well as the cryptocurrency and blockchain industry. As country after country locked down to halt the virus’s spread, governments seized upon stimulus payments to preserve economic life. While necessary, these measures raised the specter of
Celebrities have long been used to promote brands, products and services to varying degrees of success, and the cryptocurrency space has been no exception to this practice. In years gone by, the biggest names in the world of entertainment have made waves in the crypto space for endorsing or investing in projects, tokens and companies.
Bitcoin boasted 300% returns this year making it 2020’s Best-Performing Institutional Asset. We should see even bigger gains in 2021, right? I think so. Let’s talk about it! Hit Like, Share, and Subscribe for more daily cryptocurrency news! Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Tweets by AltcoinDailyio Timestamp: 0:00
Facebook-backed Libra Association’s rebrand to Diem looked to quash negative perceptions of the project, but its new name has not changed the regulatory pressures the project still faces. It has been 18 months since Facebook announced that it was looking to launch its very own payments system project that would plug into its social media
Institutional crypto investment giant Grayscale now has $20 billion under its control as its Bitcoin (BTC) buys outstrip production by almost three to one. As noted by data analysis resource Coin98 Analytics on Jan. 1, Grayscale bought almost three times more BTC than that which was added to the market in December 2020. It’s official:
2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance. On Dec. 31, Bitcoin options open interest reached an all-time high
On December 31, billionaire investor Mike Novogratz asked his Twitter followers which blockchain coin has the best chance of winning the payments race and offered four choices. Novogratz said there are lots of “contenders” and listed off Facebook’s diem, tether, bitcoin cash, and Circle’s popular stablecoin. This week Mike Novogratz asked his Twitter followers out
Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury’s recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with self-hosted wallets. The proposal has been met with widespread outrage from the
Bitcoin has enjoyed an extremely strong rally over the past few months that has brought it from the $10,000 region to $29,000. Since the start of the year, the cryptocurrency is up even more. While many investors are already up on their investment in BTC, there are still expectations of upside on a macro scale.
Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher level. Institutional crypto investment giant Grayscale bought 72,950 Bitcoin in December, which was 159.49% more than the 28,112
A new milestone has been reached in the crypto sphere, as the number of addresses holding Ethereum hit an all-time high of over 51.4 million before the end of a turbulent 2020 year. Number of Addresses Holding ETH Hits a New All-Time High Per figures of data site Glassnode, there are now 51,491,730 addresses holding
The year 2020 has been monumental for the blockchain sector, especially in regards to financial markets. Yet, while the price of Bitcoin (BTC) reached new all-time highs this year, the enterprise blockchain space also welcomed in public networks, open-source code and a number of other elements not seen in previous years defined by private, closed
#Bitcoin #HalalInvestments Recent Bitcoin price movement, going to the moon, motivated me to look into this new asset. In this video I cover: What I think about Bitcoin and its usefulness. Is Bitcoin a good investment? Is Bitcoin a halal investment? Why is Bitcoin valuable? What do I think about threats to Bitcoin? How much
The United States Financial Crimes Enforcement Network, or FinCEN, issued a brief note on Dec. 31, announcing its intention to propose a change in the Bank Secrecy Act, regarding reporting of foreign financial accounts holding digital currency. Currently, digital assets are not covered by the Foreign Bank and Financial Accounts, or FBAR, regulations. However, the notice
The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000. Breaking $30,000 could fuel renewed confidence in the market with the last remaining technical roadblock right below this level. BTC/USDT 4-hour
Transparency is one of the most intriguing aspects of cryptocurrency and it was this openness that drew many early supporters to Bitcoin (BTC). Blockchain technology makes all information associated with the network’s operation accessible for anyone interested in taking a look. Every known address, transaction, fee paid and other details relating to multisignature and SegWit
The prominent darknet marketplace, White House Market, has dropped bitcoin payments and now accepts monero only. The darknet marketplace administrators detailed that there was an issue with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned. A number of crypto proponents have reported on the darknet marketplace, White
Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response to a tweet from CryptoQuant CEO Ki Young Ju, Ardoino said Tether adheres to strict KYC/AML regulations set forth by the