The average amount donated is around $1,000 to $2,000. The group has received at least 317 individual donations in the past two days.
Besides adding a total of 85 assets for trading and custody support for an additional 72 assets, Coinbase said the major cryptocurrencies including BTC and Ethereum (ETH) contributed as much as 55% of all trading volume.
Block said Bitcoin sales derived from its Cash App mobile service for the fourth quarter pulled in huge revenue numbers.
Aside from Frank Holmes, it appears that many investors also consider gold as a better and safer store of value during uncertain times as reports revealed that the price of gold has increased above 2% in a few hours after Russia launched an attack on Ukraine.
The ongoing showdown between Russia and Ukraine has adversely impacted the crypto market, and resulting in a slump to $35K.
Bitcoin registered a total liquidation of $145.83 million in the past 24 hours. Whereas Ethereum recorded a total liquidation of $123.24 million during the same period.
Bitcoin and the wider crypto market are expected to experience short-term pressures from the geopolitical crisis as the supply chain gets distributed.
Crypto ETFs are financial tools for tracking specific asset values while allowing investors to diversify their portfolios absent token ownership. With this development, South Korea could become the latest country that has welcomed a crypto ETF into its jurisdiction.
In addition, O’Leary forecasted that BTC would cross the $300,000 mark within 3 years.
The move to accept cryptocurrency at the state level seeks to address uncertain regulations regarding blockchain. California legislators’ move comes second after Colorado to pass a crypto payment bill.
Bitcoin price traded around $38,530 at the time of reporting, having gained approximately 0.5 percent in the past 24 hours.
Intel unveils the second-generation setup of its Bonanza mine chips with an ultra-low-voltage energy-efficient Bitcoin mining ASIC that can deliver a performance of 40 Terahashes per second (40 TH/s).
According to Du Jun’s projection, and because of the Bitcoin halving, the next bull run will not happen until the end of 2024 or early 2025.
Bitcoin entered another correction over the weekend as volatility sweeps in. The $37,000 seems crucial support for Bitcoin below which it can slip further to $30,000.
According to the Fidelity Exec Jurien Timmer, both Bitcoin and Apple seem to show similar growth despite different metrics.