Bitcoin is Booming; Price Doubles in 2016, Market Cap Scales $14 Billion
As 2016 winds down, bitcoin’s price rally is ramping up. Today, Bitcoin scaled a high of $875 on the Bitstamp Price Index (BPI). January 12, 2014. It has been 35-months since bitcoin was trading at $875. The cryptocurrency’s burgeoning surge continues, as the possibility of a new 3-year-high gathers steam. After blitzing through the $800 mark yesterday, a steady period of trading throughout the day saw bitcoin price reach a high of $833.96, just before midnight (UCT). It wasn’t long before bitcoin price struck $840, within 90 minutes of trading on Thursday. The latest surge was yet to....
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Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash. According to the U.S. company’s Q3 Digital Asset Report shared with news.Bitcoin.com on Oct. 30, Genesis grew its active loans outstanding 50% to $2.1 billion from $1.4 billion in the second quarter. Altogether, Genesis has processed a total of $13.6 billion....
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the only stablecoin with market capitalization greater than $1 billion other than tether. This year quite a bit of money has flown into the stablecoin economy and just recently all the stablecoin tokens in existence captured a $20 billion market valuation. This means all....
The price of bitcoin has been surging at a frenetic pace in a bullish run that began in the last quarter of 2016. The relentless run sees bitcoin’s market capitalization now scaling beyond $17.5 billion. Exactly a week after bitcoin’s market cap touched $15 billion, rapid gains since through the end of 2016 and the beginning of 2017 that saw bitcoin price reach $1000, has resulted in bitcoin charting through yet another milestone. According to current figures from CoinMarketCap, a total of 201,085 BTC were traded in a 24-hour period, representing nearly 220 million in USD. As things stand,....
Dragon’s Tale is one of the of the leading Bitcoin Casinos. The site offers a wide variety of exotic casino games in a 3D virtual world where players will also have the chance to role-play. One of the many games you can find in Dragons Tale is the Dragon Statue. Dragon Statue is one of the simplest skill games to play in Dragon’s Tale but requires subtle strategy to master. As such, it is one of the most potentially profitable wagers for the expert player. The Gameplay is simple. The scales of the dragon start blank, and with each play, the player wagers a certain amount. The only play....
Technological growth, quest for change, rapid evolution, pursuit of relevance and maturity, are among the many factors which have seen the Blockchain ecosystem experience a season of partnerships and collaboration within the past few months. Very often, crypto users awake to news of new partnerships and strategic promises. Is it a booming trend of 2016? And what’s behind it? Vanbex partners with Shanghai Blockchain. In one of these developments, the professional services firm specializing in all aspects of the Blockchain industry, Vanbex has announced a strategic partnership with Shanghai....