Well, not quite the $1B mark this week but we did cross half a billion. While Mining and DeFi were the big winners, NFTs continued to attract investor attention, with a third of the projects being funded this week headed that direction. Apparently, they’re the new status symbol for investors.
The celebrated historian Niall Ferguson has issued a stark warning against crypto regulations and the attempts on the part of savage politicians to clamp down on the blockchain sector.
The price of Bitcoin rocketed over $50k this week breaking an important psychological barrier as it hit a three-month high.
Fidelity began research and development in 2014, started mining bitcoin in 2015, and tested its first wallet and storage solution among employees in 2016.
Move over Wyoming… There’s a new challenger in town. Texas is now a serious contender in the race to become the crypto center of the U.S. following a wave of investment, pro-blockchain lawmaking, and Bitcoin-boosting political campaigning.
The fundamentals for Bitcoin are continuing to improve as the leading cryptocurrency looks set to post a 5-week winning streak, the longest series of green candles on the weekly timeframe since October 2020. A rise to $50,000 and beyond is on the cards for bitcoin if this week’s high at $48,000 is overcome. Elsewhere in the cryptocurrency market, several large-caps reached all-time highs and Ethereum regained the important $3,000 handle.
We’ve crossed the $1B mark once again this week as Chime rings the register with a monster $750MM raise, scoring a $25B valuation. Chime is a financial technology company, not a bank, that is changing the way people think about banking. Bitpanda was right behind them pulling in $263MM, helping people invest in what they believe in — stocks, Crypto, and metals. Check out the rest!
Thanks to the French investment management company Melanion Capital, bitcoin now has a French passport. Users can now launch a bitcoin exchange-traded fund (ETF). Great news for investors, traders, and crypto-users across the European Union, right?