Market focus

Breaking crypto news from the last week (3 – 9 July 2021): 03 July: Bitcoin mining becomes more profitable, as China’s crackdown against crypto brings a significant part of miners to go offline and is relocating to other countries. 04 July: As cryptocurrencies remain a major source of investment, it still remains major questions about…

Alex Mashinsky, Celsius Network CEO and #63 in The Cointelegraph Top 100, suggested that Ether has already started “flippening” Bitcoin by market capitalization. In an interview with Kitco News on Monday, he said that Ethereum has already overtaken Bitcoin based on the US dollar value of holdings in Celsius’s network of over a million users….

Breaking crypto news from the last week (26 June – 2 July 2021): 26 June: London police seized about £114 million ($158 million) of cryptocurrency, one of the largest hauls in history, which was being used to transfer proceeds of crime. As well the Metropolitan Police arrested a 39-year-old woman on suspicion of money laundering….

Cryptocurrency is slowly tending from being a marginal idea backed by crypto enthusiasts to a solid alternative asset class held by many respectable U.S. institutions. And the speed of this transition is growing day by day, as noted by Benzinga. The current moment is interesting in that the common belief was that governments would be…

Spain’s governing party wants to be the first country in Europe and the next in the world, after the Bahamas, to create a central bank digital currency (CBDC). The Spanish Socialist Party (PSOE) has proposed the creation of a study group to implement the digital euro as a public digital currency. As reported Spanish newspaper…

China has moved deliberately to secure the first-mover advantage in what it believes is the future of the internet. If the digital yuan is Beijing’s tender for the digital frontier, its blockchain initiative is its bid to build the railroads. In the first installment of a three-part series produced with support from the Judith Neilson…