Beyond Words
The State Bank of India (SBI) has partnered with banking giant JP Morgan to use the US bank’s blockchain technology Liink. India’s Economic Times reported this tie up, which is expected to reduce customer transaction cost and time.
It’s true that centralized cryptocurrency exchanges have revolutionized blockchain finance in a major way over the past few years. However, it seems there are still some gaps in their ability to really provide the seamless trading that’s going to power tomorrow’s financial industry. Are we where we want to be with regard to ease of use and investor confidence?
Square’s Cash App deals in bitcoin operationally but a $50 million investment from the publicly traded firm’s cash reserves has grown significantly since being announced last fall.
Data acquired by Finbold indicates that by February 22, 2021, addresses with a Bitcoin balance of over $1 million stands at 109,952. About 9,200 of the addresses each have a balance of about $10 million. The remaining 100,752 addresses have a balance amounting to $1 million each.
Ripple, along with two of its top executives, is being sued by the U.S. Securities and Exchange Commission over unregistered XRP sales.
Data collected by The Block Research shows that, for the first time, Ethereum miners have brought in more than $1 billion in revenue for the month of February.
OpenSea, the largest marketplace for non-fungible tokens (NFTs), has witnessed a record sale for a set of ten autoglyphs. The platform revealed on Twitter that the bundle of generative artwork was sold to crypto art fan SethS for 731.65 ETH, or about $1,441,713 as of writing.
The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to a whopping 180 exahash per second (EH/s) and there’s 23 mining pools dedicating significant hashrate to the Bitcoin blockchain.
KIKLABB, a Dubai-based license bureau, will allow citizens to pay for their visa and trade license fees in digital currencies. KIKLABB has noted a rising interest in citizens interested in making payments via digital currencies, stated CEO Tasawar Ulhaq. The United Arab Emirates government has taken a step towards digital currency payments, with one of its entities becoming the first to accept digital currency payments. Cryptocurrencies are being widely accepted as bitcoin continues to gain mainstream exposure amid its massive winning rally. Earlier, Tesla also announced that the firm is considering accepting bitcoin as payment.
The price of gold relative to Bitcoin is at an all-time low, while Bitcoin’s price itself is at an all-time high.
The International Monetary Fund (IMF) estimates that central bank currencies will confront major obstacles in a rapidly digitizing financial system.
The currency’s recent success has also put the gold-Bitcoin ratio at an all-time low, meaning that the price of gold relative to Bitcoin is the lowest it’s been since Bitcoin came into existence. This is an encouraging sign for those who have long argued that Bitcoin may be a superior store of value to gold.
Globalist oligarch Bill Gates impugned bitcoin on Wednesday, describing the decentralized currency as an innovation that the world could do without.
Project Ravencoin tweeted that they have surpassed a one billion dollar market cap. What is truly remarkable is that they have done so without any premine, fundraise, ICO, developer reward, or founder’s reward.
As Bitcoin (BTC) price pushed above $55,300 in the morning trading session, its market cap surpassed $1 trillion for the first time on Feb. 19. The breakout continued throughout the day and within the past hour BTC price hit another all-time high at $56,368.
Bitcoin (BTC) hit yet another all-time high on Feb. 19 as the largest cryptocurrency set its sights on becoming a trillion-dollar asset.
The wildly popular investment and analysis magazine announced the move yesterday, years after calling Bitcoin a “terrible investment.”
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