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Grayscale Buys 50% of All Ethereum Mined in 2020


Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As...

Starbucks Denies Involvement in Digital Yuan Tests


American multinational chain of coffeehouses, Starbucks, has denied being involved in the testing of China's digital yuan. "We are not participating in the digital currency trial in China," a Starbucks spokesperson told Cryptonews.com, without elaborating. As reported, news have started...

Bitcoin Soars to Its Highest Level Since Crashing in March


Bitcoin hit $7,600 on Thursday, its highest level yet since crashing in early March. The cryptocurrency climbed more than 10% during the last 24 hours spurred by the return of leveraged money. Bitcoin cash (BCH), ethereum (ETH), and ripple (XRP) all rose above 4% to $239, $189, and $0.19...

Bitcoin to Emerge as the Digital Gold in the Years to Come


Bitcoin has immense potential to change significantly the way we have been banking, carrying out transactions, and viewing money. Bitcoin’s significant surge has made it difficult for people belonging to the finance sector, technology sector, and government to ignore it. Bitcoin has evolved...

Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report


Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by...

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