Cryptocurrencies were once reserved for programmers, gamers, and tech moguls. But the last ten years has seen people from all walks of life take the opportunity to invest in this alternative system. This increased popularity has made cryptocurrencies an attractive target for cybercriminals, and crypto scams are rife.
With Bitcoin retake $19,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors. By the end of November, the total market capitalization of cryptocurrency has surpassed $500 billion.
LPN TOKEN is a global leader in the domain of forex trading. The group is renowned for providing forex trading services of the highest quality on MT-4 and MT-5 to satisfy more than two hundred thousand users.
Spotify is the world’s most popular audio streaming platform. The Swedish company started its services in October 2008, and is headquartered in Stockholm. Users can play music on this platform for free, but they can also upgrade their positions in Spotify through a Premium plan. Now, Spotify is looking to reap the benefits of blockchain technology, to help the company stay up to date with the latest innovations in the payments sector.
As we slowly move towards the end of the turbulent 2020, the expansion of the total cryptocurrency market capitalization seems to be slowly losing steam. Nevertheless, there are several cryptocurrency projects that are issuing updates to their mainnets, rolling out new features or taking part in other important events.
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.
Mike Miglio is the CEO and co-founder of Bridge Mutual. He is also the managing partner of a boutique cryptocurrency law firm that started in 2017. Mike’s clients include QTUM, Akropolis, Certik, and Gate.io, among others. He first invested in the space in 2016, and has been involved in cryptocurrency full-time ever since.
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.
Bitcoin’s price might have dropped by a small 2% today, but the cryptocurrency still remains strong after a 23% price increase over the past month. The coin had bounced at $16,400 toward the end of November as it continued to push back into the ATH price of $19,893 at the start of December.