Twitter CEO Jack Dorsey has expressed his interest in cryptocurrencies and he has been a vocal supporter. In fact, if you take a look at his Twitter profile bio, you will see the hashtag #Bitcoin. Read more.
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Younger investors favour Bitcoin and Ethereum over gold as a hedge against inflation. Read more.
It’s been a significant start to the week for the crypto markets. Ethereum has hit a new all-time high above $4700 and the total crypto market cap has passed $3 trillion USD for the first time after various alt-coins rallied. Meanwhile, Bitcoin was trading above $66,000 which is near its all-time high of around $67,000. Ethereum is up around 59% since the start of October and Bitcoin is up around 51%. One of the reasons for the recent Bitcoin rally was the launch of the first Bitcoin ETF in the US. This provided crypto exposure to traditional investors who may be looking for an inflation
Polkadot (DOT) surged by 20% to new highs of around $51.49 on Monday. The crypto is comfortably within the top 10 coins by market cap and it has been touted as an ‘Ethereum killer’. But, what caused this new price rise when the rest of the market has been relatively steady? Read more.
Amid news of broader blockchain adoption, Ethereum, the world's second-largest crypto by market value, hit a record high.
Crude Oil is back above $85 per barrel and the market is pricing in earlier interest rate hiking in the US. It may seem the effects of the once termed “transitory inflation” are lingering longer than anticipated. Read more.
With Bitcoin recently breaking a new all-time high, some analysts have discussed the possibility of the second leg of the bull-run that could take Bitcoin above the 100k figure. Read more.
AMC CEO Adam Aron said that the famous movie theater chain could become a successful issuer of cryptocurrency. Read more.
Sotheby’s, one of the world’s oldest and largest marketplaces, is embracing digital collectibles. Read more.
Tuesday marks the official debut of the first bitcoin exchange-traded fund. ProShares has confirmed that its much-anticipated bitcoin ETF will begin trading on the New York Stock Exchange on Tuesday under the ticker "BITO." Read more.
The Financial Crime Investigation Unit of the Seychelles Police says it is investigating OneCoin pyramid scheme which involves transaction of cash and property worth over $10 billion. Read more.
While many jurisdictions around the world are wary of how Bitcoin would perform in real-world applications, El Salvador took the plunge to roll Bitcoin out as a legal currency, becoming the first country in the world to do so. Read more.
