Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and are expected to start regulating the industry
MoreEver since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%.
MoreOn Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro.
MoreTesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms.
MoreEver since bitcoin and a number of other digital assets started seeing price gains 11 months ago, a great number of celebrities started jumping on the cryptocurrency bandwagon.
MoreAs the Bitcoin market continues to mature and gain more liquidity, a few addresses are holding large amounts of the asset.
MoreCryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars.
MoreAn event in December 2020 caused a shockwave in the crypto world. Many thought XRP was about to be thrown under the bus. For Ripple, the event felt like a blow below the belt. Not only did XRP dumped to $0.17 against the dollar in the wake of the SEC (Securities and Exchange Commission)
MoreThe government of Australia announced that a legislation to enshrine the treatment of cryptocurrencies as assets will be introduced soon.
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