a summary of select stories from the cryptocurrency and blockchain world during this week.
A solid break above $4000 remained elusive for the second consecutive week as Bitcoin price could not sustain long after crossing the psychological mark twice this week.
After changing hands between 3940 and 4000, the virtual currency briefly broke the $4000 barrier on Tuesday. That was for the first time in three weeks.
Thursday was dramatic. After rising to a recent high of $4039, the price pl
Japanese conglomerate SBI Holdings, primarily a financial services group, is now venturing into the crypto-mining sector to manufacture cryptocurrency mining chips and mining systems. It could be competing with mining system giants Nvidia and Bitmain. The SBI Group has partnered an unnamed large U.S.-based semiconductor firm to develop and manufacture the cryptocurrency mining hardware.
Singapore-based cryptocurrency exchange Huobi Global announced that its token sale platform will be launched next week.
Huobi Global will officially launch "Huobi Prime" selective token listing channel on March 26.
Huobi Prime enables purchases via its native Huobi Token (HT), and allows purchased tokens to be instantly traded in HT markets.
Huobi Prime said it will offer its users investment o
Switzerland Parliament's legislative body, The Swiss Federal Assembly, approved a motion instructing the Federal Council to adapt the existing laws to regulate cryptocurrencies. Liberal assemblyman Giovanni Merlini introduced the motion, which was approved with 99 to 83 votes in favor and 10 abstentions. The Council plans to submit proposals for the regulation for consultation in the spring.
A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Electronic components and services provider Avnet (Nasdaq: AVT) has announced that it is now working with Bitpay to accept cryptocurrency payments for its products and services.
"We're working with BitPay to facilitate secure blockchain payments for all types of customers so they can focus on developing their products, not how to pay for them," said Sunny Trinh, vice president of demand creation,
A New Zealand-based crypto trading company that was shut down following a major hacking is now open for trading again, but has advised its customers not to make withdrawals or deposits as it is risky.
Cryptopia, based in Christchurch, had lost 9.4 percent of its total holdings after suffering a security breach in January.
The exchange has not disclosed the value of the losses, the tokens, and c
The U. S. Securities and Exchange Commission's notice of the filing of proposed rule change to list and trade VanEck/SolidX Bitcoin exchange-traded fund or ETF has attracted mostly negative comments. On the SEC website's comments section, seven people responded so far, in which six strongly urge the SEC to reject the VanEck/SolidX bitcoin ETF proposal.
CoinMarketCap announced the launch of two comprehensive cryptocurrency benchmark indices on Nasdaq GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart. The indices will help users to quickly reference and track the general performance of the cryptocurrency market, it said. In addition, these indices will be prominently displayed on the CoinMarketCap website.
Swiss online retailer Digitec Galaxus started accepting cryptocurrencies as payment at their two online stores. The retailer operates the digitec and Galaxus online shops as well as ten stores in the German- and French-speaking parts of Switzerland. Digitec Galaxus currently offers around 2.7 million products from shoehorns to wheat beer to gaming PCs.
Bitcoin briefly crossed the psychological mark of $4,000 for the first time this week, and is trading in the range of 3,920-$4,000 for the fourth consecutive day.
After hesitating for three weeks, Bitcoin crossed $4,000 over the weekend only to see it drop below the barrier in the new week.
After changing hands between 3940 and 4000, the rate once again briefly broke the $4000 barrier on Tuesday
A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Binance, the world's largest cryptocurrency exchange by market capitalization, launched a new fiat-to-crypto brokerage service platform called BinanceLite in Australia to boost the use of cryptocurrencies such as Bitcoin (BTC) in the country. Binance Lite is operated by InvestbyBit, an independently operated subsidiary of the Binance in Australia.
Enterprise blockchain startup Digital Asset's (DA) co-founder Yuval Rooz has been named as the company's new chief executive officer.
He replaces AG Gangadhar, who has been acting as CEO since the firm's iconic leader Blythe Masters quit in December.
Digital Asset's board of directors unanimously decided to name Rooz to the top executive post.
Digital Asset announced in a statement that Gangad