1136 days ago
Bitcoin is down almost 20% from its peak a couple days ago
Now, this is a serious pullback. Will the price keep going down or will this make and excellent buying dip?
1137 days ago
Tokenized Asset Market Surpasses $20 billion
The tokenization of real-world assets is growing in volume, and currencies are dominating the nascent industry. A recent research paper showed that estimates show that the market has surpassed $20 billion, with stablecoins (tokenized currencies) representing 40% of it.
1137 days ago
Tesla makes more money with Bitcoin than by selling cars
So far, Tesla has roughly made a $1 billion in paper profit from its bitcoin investment. According to Daniel Ives, analyst at Wedbush Securities, the company could be on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020," which is quite a statement. We do not know if they already sold any of the $1.5 billion worth of bitcoin they bought earlier this months, but we do know that Elon Musk is rather bullish on bitcoin: “a simply a less dumb form of liquidity than cash.”
1137 days ago
Sweden's Riksbank extends e-Krona trials until 2022
The world's oldest bank extends the digital currency pilot project for a central bank digital currency for another 12 months. The project could run until 2022 as the bank continues to develop a technical solution as a way to complement cash. Source: Yahoo
1140 days ago
Bitcoin nears $1T market cap
Bitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. The largest token has added more than $415 billion of value in 2021 to about $956 billion, data compiled by Bloomberg show. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled. Source: Bloomberg
