The growth in the stablecoin sector is only going to accelerate, both in terms of the number of stablecoins and market capitalization. It is very likely that what we are observing with Tether will occur with many stablecoin projects, where they issue parts of their total treasuries as stable assets on multiple protocols.
Publicly-traded business intelligence company MicroStrategy recently revealed that it had made a further investment in Bitcoin. The firm’s CEO Michael Saylor announced the company’s latest investment in a tweet, revealing that MicroStrategy has purchased an additional 2,574 Bitcoins. The purchased Bitcoins are worth around $50 million, and MicroStrategy paid $19,427 per BTC on average.
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The higher the price of Bitcoin rises, the more people search for good bitcoin casino reviews. If you’ve prepared for bitcoin casino betting by reading solid guides on the subject, then you’ll want to make sure you find a legitimate bitcoin casino that’s right for you.
The position of Bitcoin is now arguably more bullish than ever before, and its price is rising rapidly. The biggest over-the-counter (OTC) trading desks are also riding this wave, and are reporting increased trading volumes. It’s not the first time that we experience this phenomenon – during the 2017 bull-run, major OTC trading desks like Genesis Global Trading and B2C2 also reported a volume increase and big trade sizes. BTC’s recent bullish market shows many similarities to that period, and current volumes are even larger than what we saw in the 2017 rally.
Ethereum 2.0 is one of the hottest topics in the crypto world these days. Changing the consensus mechanism from Proof-of-Work to Proof-of-Stake will likely turn out to be a smart move for the Ethereum project, as it will greatly increase its scalability and also reduce its ecological footprint. The first step of Ethereum 2.0 was made on December 1 when the beacon chain for Ethereum 2.0 was officially launched.
As we enter the last month of 2020, several cryptocurrency projects, including some of the top-tier ones are making continued progress and deploying updates to their mainnets.
As with most fraudulent crypto investment schemes, PlusToken victims were promised high and consistent returns with minimal to zero risk. The operators of PlusToken said that the returns “earned” by investors were generated through arbitrage trading. In reality, there was no arbitrage trading going on – the returns were generated by distributing investments from new members to old members.
Macro investor Dan Tapiero predicts that $15 trillion in capital will come to Bitcoin from institutions. If this happens, BTC’s price can go up to approximately $500,000.