News

Bitcoin price hits a yearly high On Thursday, July 13, the price of the first cryptocurrency Bitcoin hit an annual high of $31800. Also, the cost of the second most capitalized cryptocurrency in the world Ethereum in the moment overcame the level of $2000. The…

Deutsche Bank applies for cryptocurrency operator license Deutsche Bank AG, a large German bank with $1.4 trillion under management, announced that it has applied to the German Federal Financial Supervisory Authority for permission to provide digital asset custody services. The move reflects efforts by Deutsche…

USDT breaks market capitalization record. Popular stablecoin Tether USD reached a new historical maximum. Its market capitalization exceeded $83.2 billion. The previous record capitalization of the asset was fixed in May 2022. Since the beginning of this year, the market capitalization of USDT has increased…

PayPal’s cryptocurrency assets reached the $1 billion mark Payment giant PayPal has disclosed the amount of cryptocurrency assets held by the company’s customers. According to the quarterly report, PayPal users increased their digital assets by 56% during the first quarter of 2023. Total financial liabilities…

Standard Chartered Analysts Predicted Bitcoin Growth to $100,000 The price of Bitcoin will grow to the level of 100 thousand dollars in 2024. This positive prediction was shared by analysts at Standard Chartered Bank. The head of cryptocurrency and currency research Jeff Kendrick, meanwhile, believes…

Microstrategy bought 6,455 BTC in March As of 3/23/223, the American company Microstrategy again acquired 6,455 BTC for a total of approximately $150 million, according to founder and CEO Michael Sailor. The average purchase price was about $23,238 per BTC. Including the most recent purchase,…

Investors continued to buy BTC in January Major investors resumed investing in bitcoin and other crypto assets in January, according to Reuters and CoinShares. Digital asset investment products had inflows of more than $117 million last week, the largest weekly gain since last July. Bitcoin…

Stablecoin payments could surpass Visa transactions in 2023 Despite the recent run-down in the market, stablecoin volumes continue to dominate most exchanges and the use of stabelcoins has increased dramatically in 2022, according to Coin Metrics data. Stablecoin transactions totaled more than $6 trillion in…

Bitcoin balances of holders hit record highs in November Bitcoin holders have been aggressively accumulating the leading cryptocurrency in November. So-called Bitcoin (BTC) shrimps, a category of addresses holding less than 1 BTC, have added 96,200 BTC to their collective stashes earlier this month. According…

Federal New York bank Launches Digital Dollar Pilot Program Nine U.S. financial institutions, including Citibank, Wells Fargo, and Mastercard launched a 12-week pilot program working with the Federal Reserve Bank of New York to test the feasibility of a digital dollar based on distributed ledger technology….