$56.3K Bitcoin price and $1T market cap signal BTC is here to stay

As Bitcoin (BTC) price pushed above $55,300 in the morning trading session, its market cap surpassed $1 trillion for the first time on Feb. 19. The breakout continued throughout the day and within the past hour BTC price hit another all-time high at $56,368.  Now that Bitcoin has cemented its status as a trillion-dollar asset among the likes of Amazon, Apple and Google, legacy banks are showing increasing interest in offering cryptocurrency custody services for their customers. BTC/USDT 4-hour chart. Source: TradingView According to Treyce Dahlem, an analyst at TheTIE,…

Bitcoin’s market cap flipped Tencent on its way to $1 Trillion

At approximately $1 trillion, Bitcoin’s market cap has blown past Tencent, which holds a valuation of roughly $917.8 billion at time of publication, according to AssetDash rankings.    Crypto’s largest digital asset is now sixth on AssetDash’s list of top market cap companies across the globe. Google, officially known by its parent entity, Alphabet (GOOGL), holds the fifth spot with a market cap of approximately $1.4 trillion at time of publication. “After reaching a new all-time high price mark, bitcoin surpassed Chinese tech giant Tencent, moving it up to the…

Cointelegraph commemorates Bitcoin hitting $50K with an exclusive NFT

By now it probably hasn’t escaped your attention that earlier this week the original (and many would argue, still the best) cryptocurrency, Bitcoin, broke through the $50,000 price point for the first time in its history. Whether you are a newcomer to the party, or fondly remember mining BTC with a GPU rig a decade ago, it can’t help but feel like a pretty momentous occasion. It is the culmination of all of the support, belief, and of course money, that each of you has invested into Bitcoin. To commemorate…

Data show bulls are in charge of this month’s $3.2B Bitcoin options expiry

After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion. While this number might seem unusually high, it makes sense that the figure would increase as Bitcoin’s market capitalization surpassed $1 trillion.  Deribit BTC options open interest in USD. Source: laevitas.ch Although Friday’s $3.2 billion expiry could negatively impact the market, these options are split among calls (neutral-to-bullish) and the more bearish put options. As shown in the chart above, Deribit exchange leads the market by holding…

Bringing blockchain into securities markets, Feb. 12–19

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Technology is by and large not the major barrier — though many in the industry have a decent bit of hubris about it. More important is that people, whenever their money is on the line, get mighty conservative. Which is not necessarily greedy or unreasonable, but it is why it was easier for lawmakers to greenlight email than electronic signatures. Conservatism surrounding money also means that old systems have to fail…

Watch Out, Nick Jonas – the Cancel Mob Is Circling You – CCN.com

Nick Jonas was trending today on Twitter for a new spaceship space emoji. He’s also been getting mentions in regards to his tequila company. Earlier this week, Kendall Jenner was getting dragged for starting her own tequila company in what critics called ‘cultural appropriation.’ What makes Nick Jonas any different? Nick Jonas was trending on Twitter this Friday for an innocent astronaut emoji. Fans were downright giddy to tweet about their favorite Jonas brother in space. Nick Jonas, to the moon and back. | Source: Twitter But there was a…

REVV motorsports ecosystem shifts to Polygon due to Ethereum gas fees

The publisher of F1 Delta Time, Animoca Brands, announced a partnership with Ethereum layer-two solution, Polygon, on Feb. 18. Under the partnership, the entirety of the REVV token motorsport ecosystem will be deployed on the Polygon network, starting with the aforementioned F1 Delta Time. This will ensure that players are not hampered by excessive gas fees on the Ethereum blockchain. High gas fees can cripple blockchain-based games, as many in-game actions require performing a transaction to complete. As many such games offer opportunities to play-to-earn, this also limits (and in…

OKCoin delists two Bitcoin forks over ‘malicious misinformation’ campaign

While the original Bitcoin rallies past a $1 trillion dollar marketcap, two forks of the world’s most popular cryptocurrency have instead lost a source of liquidity as crypto exchange OKCoin delists BSV and BCH.  In a blog post today, OKCoin CEO Hong Fang explained the decision to delist as one focused on protecting investors from a “malicious misinformation war.” Fang noted that the exhcange regularly reviews listed assets across a variety of metrics, “including ecosystem development and ethos” as well as “ethical or reputational red flags,” and that the two…

You’ve got the power? Legacy banks aim high with new crypto offerings

Reports that legacy banks like BNY Mellon and Deutsche Bank are becoming active in the cryptocurrency space, including through custody services, should come as welcome news for crypto investors. Lost or misplaced private keys, after all, are a bane of the crypto world — just recall the Welshman who lost 7,500 Bitcoin (BTC), worth about $400 million today, when he landfilled his PC’s hard drive, forgetting it was the sole repository of his private key. Meanwhile, traditional banks are society’s safekeepers par excellence, so maybe they can improve the crypto…