According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million. However, following the large acquisition by… Source link

A measure of bitcoin volatility hit a roughly 10-month high in February. (Photo Illustration by … [+] Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin volatility climbed in February, attaining its loftiest reading since April 2020 during a month where the cryptocurrency’s price rose to fresh highs. The digital currency’s annualized 30-day volatility reached 114.51% on February 8, the most since April 10, 2020, data… Source link

Few people have captured the imagination of the cryptocurrency market quite like MicroStrategy CEO Michael Saylor, a guest on Wednesday morning’s First Mover on CoinDesk TV. His company’s purchases of bitcoin, first announced in August, validated a key narrative driving the current bull market: the “institutions” were joining the fray (companies fitting crypto’s definition of an institution can be far more modest in size, and commercial rather than financial in mission, than Wall… Source link

Purchase of Monero Tokens and Depositing of Bitcoin to Generate Operating Income Toronto, Ontario–(Newsfile Corp. – March 3, 2021) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“), a sector leader for privacy-technology investments, is pleased to provide a corporate update summarizing the Company’s current corporate plans and completed investments. Cypherpunk Holdings is pleased to announce a purchase of 1,780 Monero tokens for CAD $500,000. This purchase of Monero… Source link

On Feb. 20, Ether (ETH) price rallied to a new high at $2,015 and this caused multiple indicators to display signs of excessive optimism. While the excitement could be easily justified by Ether’s  year-to-date 176% gain, these warning signs should not be ignored. On of the primary driving factors of the current bullish sentiment is the launch of CME ETH futures and Grayscale Investments ETH Trust reaching $6.3 billion assets under management. The DeFi phenomenon also continues as there is… Source link

Amazon’s cloud computing subsidiary announced the availability of Ethereum on its own blockchain … [+] platform. The service will be operating through Northern Virginia, America’s Internet backbone, where AWS has a large number of data centers. © 2020 Bloomberg Finance LP Amazon Web Services (AWS), is now supporting the Ethereum blockchain. Announced on March 2, the service will let customers quickly spin up nodes that contain the transaction… Source link

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Bitcoin rallied today, exceeding $52,000. getty Bitcoin prices have rallied lately, surpassing $52,000 after struggling near the $50,000 price level. The digital currency rose to $52,636.22 earlier today, CoinDesk data shows. At this point, it was up nearly 12% after falling to as little as $47,118.40 yesterday, additional CoinDesk figures reveal. Since then, the cryptocurrency has pulled back slightly, trading mostly between $50,500 and $51,500. … Source link

Elon Musk, the chief executive of Tesla, recently announced his company had bought US$1.5 billion (almost A$2 billion) of Bitcoin. The announcement led to a flurry of enthusiasm and a quick surge in price for the controversial cryptocurrency. This price bump has been good news for Musk in the short term. At one point, Tesla’s Bitcoin investment had gained more than US$1 billion in value. But can the enthusiasm be sustained? I think there is a good chance that over the next year the… Source link

There’s a lot riding on the success of Ethereum 2.0, including the crypto-industry’s largest U.S.-based exchange going public. Last week, Coinbase released its S-1 filed with the U.S. Securities and Exchange Commission (SEC). In it, the exchange listed potential adverse factors against its business, such as the doxxing of pseudonymous Bitcoin creator Satoshi Nakamoto, negative perceptions of cryptocurrencies and the growth of cryto-native finance platforms generally referred to as… Source link