Tag: Adoption

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What Bitcoin all-time high? These 3 charts prove new retail buyers aren’t here yet

Twitter, Wikipedia and even Google search activity point to a world still unaware of the best macro asset available to anyone. Bitcoin (BTC) has gained 30% in a week and topped out at $23,777 on Dec. 16 — but hardly anyone in the world knows yet, data suggests. According to charts tracking public awareness of…
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Game time? Microsoft adopts Ethereum blockchain for gaming royalties

Microsoft’s blockchain platform expands for royalties management, but how will this impact the gaming sector as a whole? Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft and Big Four firm…
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China’s crypto landscape: How CBDCs drove blockchain adoption in 2020

As a developing tech power, China is one of the fastest countries in adopting blockchain technology. 2020 has been a year full of challenges for the world, but for a country like China with such a large population base and rapid development, it has also been a year of opportunities. On Oct. 24, 2019, China…
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Bitcoin is ‘more religion than solution,’ says billionaire Mark Cuban

“No matter how much BTC fans want to pretend that it’s a hedge against doomsday scenarios, it is not.” Mark Cuban, the billionaire who once said that bananas are a better medium of exchange than Bitcoin, has doubled down on his view that the asset is more like a collectible than a reliable financial instrument.…
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CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

CB Insights and Blockdata release their first “Blockchain 50” list, highlighting interesting findings behind innovative blockchain companies. Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to…
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Bitcoin smashes historical high above $20K — Here’s why it’s different from 2017

The 2020 rally differs markedly from the retail-driven FOMO of 2017. The Bitcoin (BTC) price surged to all-time highs on Wednesday, zipping past $20,000 in a show of bullish momentum for the flagship cryptocurrency.  Although it’s easy to draw parallels between this year’s bull market and the speculative frenzy that drove the 2017 rally, the…
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Bitcoin is a ‘convex bet’ says CEO of institution with $600M BTC exposure

Another mainstream giant unveils its bullish position on Bitcoin. 2020 has been a big year for mainstream Bitcoin (BTC) adoption. One of the most recent entrants to the space is One River Digital Asset Management, a hedge fund headed up by CEO Eric Peters.  The firm expects to own approximately $1 billion in Ethereum (ETH) and…
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“All bets are off” now that Bitcoin has broken $20k, says trader

Bitcoin zipped past $20,000 per coin this morning, pushing the asset into uncharted waters. After toying with all-time price highs in recent weeks, Bitcoin (BTC) finally crossed $20,000 for the first time on Dec. 16. The digital currency hovers around $20,800 at time of publication.  “We have been waiting for this moment for years, and now…
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Sean Ono Lennon sells NFT art piece for $3K in crypto

The son of Yoko Ono and John Lennon looks deeper into crypto with NFT art. Sean Ono Lennon — a British-American musician, songwriter and producer — has auctioned a tokenized digital illustration on nonfungible-token marketplace Rarible. According to Rarible data, Lennon sold a piece titled “Etharian 1” on Monday for 5.5 Wrapped Ether (WETH), worth…
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UK investment manager shifts allocation to Bitcoin from gold in ‘defensive move’

The institutional flood into BTC continues. A United Kingdom-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift toward digital assets. Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. In a performance update and manager comment posted…
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