Category: Adoption

Public companies hold almost $7B in Bitcoin in heads-up to Grayscale

Grayscale’s $5.1 billion in Bitcoin under management is fast being challenged by firms including CoinShares and MicroStrategy.

October 14, 2020
Bitcoin volume unaffected by Tether’s (USDT) market dominance — Data shows

Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume.

October 13, 2020
Here’s why the Bank of England Governor is “very nervous” about Bitcoin

The Bank of England Governor, Andrew Bailey, has long been a critic of Bitcoin and crypto, offering scathing remarks in the past regarding the inherent value of digital assets. He has now doubled down on this criticism, noting that he is “very nervous” about people purchasing Bitcoin and trying to use it as a means…

October 13, 2020
Blockchain can add $1.76 trillion to global GDP by 2030, says report

A PwC report estimates that blockchain technology will make up 1.4% of the global economy.

October 13, 2020
With China’s central bank digital asset gaining steam, Bitcoin is stronger than ever

Between decentralized finance (DeFi) shenanigans, Bitcoin being adopted by firms like Square, and more, it’s been hard to track all news going on in this space. Many haven’t realized that over the past few months, China’s central bank, the People’s Bank of China (PBOC), has been hard at work testing its digital currency in the…

October 12, 2020
If all U.S. companies followed Square, $250 billion would enter Bitcoin

This past week, U.S. fintech giant Square made mainstream media headlines when it deployed $50 million worth of its cash to purchase Bitcoin. This represented approximately one percent of the $90 billion company’s total assets, reported sites like Bloomberg. While a big move, there were some Bitcoin maximalists that criticized the one percent figure, mentioning…

October 11, 2020
The backdrop for institutions to adopt Bitcoin has never been better

Bitcoin has long been a niche asset only adopted by those on the fringes of society. But this is rapidly changing as institutions have started to enter the cryptocurrency space as they see that there is value in owning BTC and other digital assets. Andrew Kang, the founder of DeFi-focused crypto fund Mechanism Capital, recently…

October 10, 2020
Fetch.ai integrates Chainlink price feeds for powering its digital economy

Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralized machine learning network for smart infrastructure, announced yesterday that it had successfully completed a mainnet integration of Chainlink, as per a release shared with CryptoSlate. Fetch.ai is Chainlinked As the most widely used decentralized oracle network, Chainlink’s Price Reference Data allows users to verify the…

October 9, 2020
Billionaire investor Chamath Palihapitiya doubles down on Bitcoin in CNBC interview

Chamath Palihapitiya has become one of the most prominent investors of the past few years due to his use of special-purpose acquisition companies (SPACs). He made headlines when he brought Richard Branson’s Virgin Galactic public through a SPAC. While a pioneer in venture investing, he’s also big on Bitcoin. He, alongside a few partners, was…

October 8, 2020
NFT trend reaches new pinnacles as digital Bitcoin art garners coveted Christie’s auction

The non-fungible token trend that has been sweeping across the crypto markets has been called a fad by many, but the recent listing of a Bitcoin-centric digital piece on a Christie’s auction seems to validate that digital artwork is real artwork – despite what many say. The piece was created by Ben Gentilli – an…

October 7, 2020