Bitcoin is the most unique cryptocurrency in the world due to its properties: the process of putting it into circulation thanks to mining, the transparency of blockchain data thanks to the Proof-of-Work consensus algorithm, the open source system, etc.
One of the main values of bitcoin and its advantage over all fiat and cryptocurrencies is its limited supply. In total, miners will be able to mine 21,000,000,000 coins. The last coin will be available somewhere around 2140.
Bitcoin is growing amid the interest of companies, the ether has updated the maximum, Durov has found money for Telegram
The first cryptocurrency continues to update historical highs: on the night of February 18, bitcoin reached a new record of $ 52.6 thousand. Bitcoin's market capitalization is at around $969 billion, with 59.6% market dominance. The total market capitalization of cryptocurrencies is growing — $1.6 trillion and is approaching the TOP countries in this indicator.
On the trading floors of Nigeria, bitcoin has risen in value to $76,000. According to Google Trends statistics, this country ranks first in terms of user interest in the main cryptocurrency.
Growth continued throughout the week, on February 16, the psychological level of $50,000 was overcome. The rally comes against the backdrop of statements by companies, in particular MicroStrategy, about investing in digital gold. A major software maker plans to raise between $600 million and $900 million to further invest in buying bitcoin.
On February 14, the price of bitcoin set a high of $49,360 amid a Bloomberg report about Morgan Stanley's plans to invest in cryptocurrency.
At the auction on February 18, the second cryptocurrency by capitalization updated its maximum - Ethereum reached a price of $1,900.
Following the example of MicroStrategy, many companies have shown interest in Bitcoin. BlackRock, the world's largest company in terms of assets under management ($8.7 trillion), announced that it is considering digital currency as a protective asset. Financial firm The Motley Fool has announced plans to acquire the leading cryptocurrency for $5 million because they say it is more effective than gold as a store of value.
SynBiotic SE from Germany spoke about the transfer of part of its free liquidity to bitcoin due to fears of devaluation of the dollar and euro.
Against the background of the active growth of bitcoin, the income of miners reached a record amount since 2017 — $354.4 million in a week. The previous record was $340 million. 15% of the profit was received as commissions. At the moment, the reward for one mined block is 0.97 BTC.
XRP temporarily regained its third position in the capitalization rating, but by the end of the week it was in seventh position. The American cryptocurrency exchange PayBito has suspended trading in the XRP token until a court decision on the SEC lawsuit. A pre-trial settlement of the SEC lawsuit against Ripple is unlikely to happen, since all negotiations were conducted under the previous leadership. In January, Gary Gensler took over as head of the Commission, and at the moment, startup lawyers do not see prospects for a pre-trial settlement.
Telegram plans to place $1 billion worth of bonds for a select circle of investors. The securities will not be available to US citizens, and the minimum investment amount is tentatively set at $50 million. The bonds will be issued for five years and promise a return of 7-8% per annum on the amount of debt. If the company goes public in five years, investors will be able to convert bonds into shares at a discount.
On February 15, the founder of Telegram Pavel Durov revealed information about his cryptocurrency investments, announcing the purchase of 2000 BTC for $ 750,000 about four years ago. The further fate of the coins is unknown.
Current Articles
08.01.2025
27.12.2024
In the world of cryptocurrencies, where digital assets are transferred and stored in a virtual environment, cybersecurity issues are becoming increasingly important. Financial operations in cryptocurrencies require not only an understanding of the basic principles of blockchain technology but also the ability to protect assets from cyber threats and fraud. In this context, the role of Tether (USDT) as a stable asset deserves special attention.
11.12.2024
Tether (USDT) represents a form of stablecoin engineered to preserve a steady value by anchoring it to a reserve asset, typically a fiat currency such as the US dollar. Operating across diverse blockchain networks, including Bitcoin and Ethereum, Tether serves multiple functions.
Facilitating liquidity and price stability in cryptocurrency exchanges, USDT enables users to seamlessly transfer funds between various digital assets and fiat currencies.