Ark Invest’s Cathie Wood said that most of the Bitcoin transactions shall be controlled by renewable energy in the future. Besides, she is more bullish on the arrival of Bitcoin ETF post the price crash.
Currently, the market value of Tesla’s stake in Bitcoin is totaling approximately $1.26 billion, assuming the $2.48 billion value that was recorded at the end of last quarter has fallen by 49% as the trading value has done. TSLA stock was in red yesterday.
The purchase of BTC at a time that the crypto market is shedding huge losses shows that Justin Sun is bullish on the top coin.
DeFi continues to gain momentum as more in and outside the crypto world understand its immense potential. Take a look at some of the most promising DeFi projects.
Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.
Chia coin market price has jumped by approximately 30% in the past two weeks but now it is down nearly 30% in the last 24 hours.
The investments from the $50 million fund will be allocated during a three-year period. Startups building on Nervos will receive an initial investment of between $200,000 and $2,000,000.
A BlockFi spokesperson noted that fewer than 100 clients have erroneously been credited Bitcoin, and efforts to retrieve and prevent such errors in the future are ongoing.
The regulatory bodies came together to reiterate the crypto ban amid the high volatility of crypto resulting in losses among citizens.
The NBE and LuLu Exchange partnership with Ripple comes as one of the latest pieces of evidence that the company’s business is healthy and growing.
The cryptocurrency market has been volatile in the past few months, fueled by both institutional adoption and retail speculation.
Of the total number of participants, 43% agreed that long Bitcoin is currently the most crowded trade. Further, 75% of participants believe that Bitcoin is a bubble. Just less than 15% of fund managers say that BTC will outperform the market in 2021.
Some countries have pretty tight regulations, for example, when you buy Bitcoin in Singapore it can take up to 7 days due to their restrictions around cryptocurrency exchanges.
Ethereum touches down on the most sensitive topic i.e. energy consumption by blockchain and says that it will reduce nearly 99% of its current energy use by transitioning to the PoS model.
All proceeds from the initiative will be donated to the Human Rights Foundation Bitcoin Fund.