Auto Added by WPeMatico
Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s recent volatility last week. Stablecoin […]Powered by WPeMatico
This week our newsdesk covered the world’s wealthiest cryptocurrency billionaires after the American business magazine Forbes published the 2021 list of billionaires. Now it was mentioned in our report that Satoshi Nakamoto didn’t make the cut, even though Bitcoin’s inventor is one of the wealthiest people in the world. Using today’s bitcoin exchange rates, data […]Powered by WPeMatico
Today there are 18,244,475 BTC in circulation and during the last few weeks, a number of bitcoin influencers have been talking about how much is needed to be included in Bitcoin’s top 1% of holders. For instance, according to Blockworks Group analyst Jake Levison, if you own 0.28 BTC “you’re statistically guaranteed to be in […]
The post This Is How Much BTC You Need to Enter Bitcoin’s Elite 1% Club appeared first on Bitcoin News.
Powered by WPeMatico
Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value of digital assets” via consumer payments. Also read: Cred to Demo Global Merchant […]
The post After Breaking New Records Bakkt Announces Crypto Consumer App appeared first on Bitcoin News.
Powered by WPeMatico
A survey conducted by Panews has found that 14% of Chinese citizens have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology. Also Read: Skeptical Payoneer CEO Dismisses Idea of Single […]
The post 1 in 7 Chinese Have Invested in Cryptocurrency appeared first on Bitcoin News.
Powered by WPeMatico
In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that […]
The post Surveys: 1 in 4 Millennials Want to Invest in Crypto, 3% of China Already Has appeared first on Bitcoin News.
Powered by WPeMatico
People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world’s central banks have printed around $12-30 trillion worth of promissory notes, and more than $10 trillion in negative-yielding global bonds. However instead of the newly printed money helping global […]
The post Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different appeared first on Bitcoin News.
Powered by WPeMatico
Initial coin offering (ICO) advisory firm, Satis Group, has published a report detailing a number of predictions for the cryptocurrency industry – estimating that the total market capitalization of all combined virtual currency markets will reach nearly $3.6 trillion USD by 2028. Also Read: August Markets Report: Heavy Selling Across Leading Crypto Markets Satis Predicts $500 […]
The post Satis Predicts Market Cap of Cryptocurrencies Exceeds $1 Trillion in 2021 appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin payment specialists Bitgo have announced the acquisition of Kingdom Trust, an investment firm with custody of over $12 billion in assets. The move will enable the South Dakota-based Kingdom Trust Company to offer custodial cryptocurrencies such as bitcoin, ripple, and ethereum to its investors. This will make it easier for traditional investors to enter […]
The post Bitgo Snaps Up Kingdom Trust, Paving the Way for Custodial Cryptocurrency Offerings appeared first on Bitcoin News.
Powered by WPeMatico
The Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent […]
The post New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions appeared first on Bitcoin News.
Powered by WPeMatico