Bitwise Hits USD 100m, SBI to Launch XRP, Bitcoin, and Ether Fund + More News

Source: Adobe/ink drop Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Bitwise Asset Management, a provider of cryptoasset…

Bitcoin Inches Closer To USD 14,000, Altcoins Trying To Catch Up

In the past three sessions, there was a steady rise in bitcoin price above the USD 13,500 resistance. BTC even broke the USD 13,750 resistance and traded to a new monthly high. The price is currently (05:00 UTC) consolidating gains and it might…

Peruvian Regulator Says COVID-19 Won’t Delay Crypto Regulation Plans

Source: Adobe/SL-Photography A leading Peruvian regulator has stated that the coronavirus pandemic will not derail the government’s plans to regulate the nation’s crypto industry – and has claimed “monitoring” of Peru-based crypto…

Bitfarms Signs a Deal That Cuts Bitcoin Mining Power Costs in Half

Source: Adobe/Andrey Popov Blockchain infrastructure company Bitfarms said it has signed a beneficial mining deal in South America, with a lower power cost that they said 'revives' older mining machines and cuts the electricity costs in half.…

Bitcoin Regains USD 13,000, Ethereum, Major Altcoins Correct Lower

After a short-term downside correction, bitcoin price found support above USD 12,750. BTC started a fresh increase and it is currently (05:00 UTC) trading above USD 13,000. However, the price must settle above USD 13,200 and USD 13,250 to continue…

Cubans Turn to Bitcoin Remittances with 25% Commission to Beat Blockade

Source: Adobe/Vladimir Wrangel Desperate Cubans are going to extraordinary lengths to receive remittances from abroad to circumvent the country’s banking blockade, turning to bitcoin (BTC), middlemen who take commissions of up to 25% and bicycle…

Bitcoin Outperformed by Ethereum But Still Has More Holders Profiting

Source: Adobe/stockphoto-graf Even though bitcoin (BTC) was outperformed by several major coins in the past year, including ethereum (ETH), there are still more BTC holders 'in the money.' This information is provided by the set of tools, developed…

Interest In Bitcoin Spikes as PayPal, JPMorgan, and Kanye West Praise BTC

Source: Adobe/grejak Google searches for “bitcoin” (BTC) spiked last week, reaching almost three-month highs, after BTC-related positive news from PayPal was supported by favorable statements from banking giant JPMorgan and celebrity Kanye…

Bitcoin and Altcoins Correcting Gains But Holding Key Supports

Recently, there was an upside extension in bitcoin price above the USD 13,200 level. BTC traded to a new multi-week high near USD 13,350 before it started a downside correction. The price remained well supported above USD 12,750 and it is currently…

Prediction Markets Say Trump Won the Election Debate - but Barely

Donal Trump (on the left) and Joe Biden (on the right) during the debate. Source: a video screenshot, Youtube, CNBC Television Even prediction markets seemingly don't know what to make of last night's face-off between US President Donald Trump…