Tag Archives: featured1

This was the week the entire cryptocurrency community has been waiting for. Bitcoin finally broke $20,000, setting a fresh new all-time high. But it was far from being done yet.After breaching the coveted $20,000 mark, BTC went on a rampage, taking down one target after another. Before the run was finally calmed down, the primary cryptocurrency had taken for the sky and reached its current all-time high at around $23,800.However, this also drove a lot of fresh capital to the entire market....

With bitcoin climbing to new all-time highs, the cryptocurrency has garnered the attention of centralized financial institutions. Goldman Sachs Group Inc. offered its views on the market and said that BTC’s rise shouldn’t threaten gold’s position as the inflation hedge of choice as both assets can coexist.Bitcoin And Gold Can CoexistEver since bitcoin’s creation, the primary cryptocurrency has been largely compared to the yellow metal due to some of the common attributes, such as the limited...

Following the massive surge towards a new all-time high of nearly $24,000, bitcoin dipped and calmed around $23,000. Some alternative coins, such as Litecoin and Ripple, have added value in the past day resulting in the total market cap tapping $670 billion.Bitcoin Paints A New ATH And Slides To $23KBitcoin consolidated around the $19,000 mark for a few days before initiating an impressive leg up that resulted in breaking a few records.Initially, the primary cryptocurrency breached above...

On December 18, Coinbase Global announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC).The announcement cites Form S-1, which is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any company or security that meets the criteria must have an S-1 filing before its shares can be listed on a national exchange.The SEC Form S-1, required by companies intending...

Bitcoin shows no signs of slowing down as the cryptocurrency market continues to expand. Over the past day alone, the total capitalization has surged by more than $50 billion and now stands above the $600 billion mark.Bitcoin Price Surges Above $21,000Earlier today, as CryptoPotato reported, BTC finally managed to break above the coveted $20,000 level for the first time in history, hence charting a new all-time high.To say that everyone expected what followed next, however, would be an...

Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC.UK Asset Manager Replaces Gold With BTCThe cryptocurrency community has discussed widely in the past few months that some institutions have taken funds out of gold investments and allocated them into bitcoin. While most...

Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps.CryptoPotato reported in October that the Tokyo District Court had issued an order to postpone the submission deadline for the rehabilitation plan to December 15th. This was the second delay in 2020.Today’s announcement...

Cynthia Lummis, Wyoming’s newly-elect Senator, doubled-down on her bullish stance on bitcoin in a recent podcast appearance. She hoped to introduce BTC to the government scene as she believes that the cryptocurrency should work alongside fiat currencies.The “Bitcoin Senator” On BTC Working With FiatAs reported by CryptoPotato in early November, Cynthia Lummis became the only elected female Senator during the 2020 elections and the first female Senator from Wyoming. Additionally, she has been...

The personal address of Hugh Karp, the founder of the Ethereum-based insurance provider Nexus Mutual, has been drained for over $8 million worth of the NXM token by an already registered user. Despite the attack, Nexus Mutual has reassured that the customers’ funds are safe.Nexus Mutual Founder Drained For $8M In NXMThe popular project took it to Twitter earlier today to explain the situation. The undisclosed attacker completed a know-your-customer (KYC) procedure 11 days ago on the platform...

After reclaiming the $19,000 bitcoin’s chances to break above $19,400 seem more likely. Most altcoins have slightly increased their value in a day, with Ethereum closing down to $600.Bitcoin Stays Above $19KFollowing last week’s roller-coaster that resulted in bitcoin dipping to $17,500 on two occasions, the primary cryptocurrency started to gain value during the weekend.CryptoPotato reported that the asset firstly overcame $18,000 before doing the same with the $19,000 level. In the past 24...