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Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis


Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors....

G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra


The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...

Number of Bitcoin Whales Hits 2 Year High as Accumulation Accelerates


The number of Bitcoin (BTC) whales with at least BTC 1,000 (USD 6.9 million) in their wallets has reached its highest point in more than 2 years, or almost 1,850 entities, according to a new research. Also, the number of whales active in the market during an “accumulation phase” has not been this...

Paxful Launches Bitcoin/Gold Trading to Meet 'Surprisingly High' Demand


Peer-to-peer (P2P) crypto marketplace Paxful now offers gold buying and selling options on its platform, supporting trade between gold and bitcoin (BTC). Paxful said that there's a customer demand which they decided to satisfy, as they claim to be the first bitcoin-backed P2P marketplace...

400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020


San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s...

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