Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company

Bitcoin Price steady, may rally Avnet now accepts Bitcoin via BitPay Participation low but demand picking up By collaborating with BitPay, Avnet now joins the likes of Microsoft and Dell as corporations accepting Bitcoin as payment. Regardless, Bitcoin (BTC) prices are steady and could close above $4,000. Bitcoin Price Analysis Fundamentals Based in Phoenix, Arizona and drawing $17.4 billion in revenue, Avnet—one of the largest electronic component distributors in the US and one of the most capitalized Fortune 500 Company has partnered with BitPay, a Bitcoin and Bitcoin Cash payment…

Proof-of-Stake Cryptocurrencies Have $4 Billion in Staked Funds: Diar

An increasing trend in cryptocurrency looks set to continue as major proof-of-stake (PoS) projects launch in 2019, industry newsletter Diar noted in its latest weekly digest on March 18. PoS, an algorithm used in many well-known cryptocurrencies such as Eos (EOS), Dash (DASH) and Tron (TRON), is accounting for a rising amount of value in the ecosystem. This year, half a dozen more PoS projects will launch, Diar notes, on the back of the debut effort from Cosmos (ATOM), a PoS project that raised $17 million in its initial coin…

$50 Billion VanEck: Don’t Worry

VanEck, the major New York City exchange-traded fund (ETF) provider with $47 billion worth of assets under management, remains confident that despite its fall from above $19,500 to its current mark near $4,000, “Bitcoin is not going away.” Bitcoin’s Hitting Singles – Not Home Runs In a note to investors Monday, the company’s Director for Digital Asset Strategy at VanEck, Gabor Gurbacs, said that rather than expecting a decisive breakthrough or big “home run” for cryptocurrencies in 2019, look for the industry to continue hitting a number of “singles” with…

Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. 7-Day Price Chart of Bitcoin (Source: Coinmarketcap.com) Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Join CCN for $9.99 per month and get an…

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

Global trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions. Interestingly, the amount of bitcoin trade volume had closely aligned with it’s…

Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmain’s Dominance

ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital. In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports. Dubbing Canaan Creative as the second-largest mining firm in the world, the publication notes that the funding has raised the company’s overall valuation to $1 billion. This influx of capital comes after an explosive period of growth for the industry’s second-largest mining manufacturer. According to Securities Times, the…

Global Blockchain Spending to Reach $2.9 Billion in 2019

Global spending on blockchain solutions will reach $2.9 billion in 2019, according to a recent report from advisory services firm International Data Corporation (IDC) published on March. 4. The report dubbed “Worldwide Semiannual Blockchain Spending Guide” was prepared by market intelligence and advisory firm IDC. The report analyzes the emerging blockchain market evaluating spending data for 10 technologies across 19 industries and 15 use cases in nine geographic regions. The report forecasts that blockchain spending will be nearly $2.9 billion in 2019, up by 88.7 percent from the $1.5 billion…

EOS, Litecoin Spike 13% in $5 Billion Crypto Boost; Can Bitcoin Surge?

Following an abrupt short-term dip from $132 billion to $126 billion, the crypto market has almost fully recovered as Bitcoin bounced back to $3,800 and assets like EOS and Litecoin recorded 10 to 13 percent gains. Peter Brandt, a prominent technical analyst, stated that crypto assets like Litecoin have led Bitcoin higher in the past 48 hours, allowing the dominant cryptocurrency to recover from $3,690 to $3,880. $LTC leading $BTC higher pic.twitter.com/ufcaGcwWBJ — Peter Brandt (@PeterLBrandt) March 5, 2019 If major crypto assets, small market cap cryptocurrencies, and tokens are…

Kraken’s $1 Billion Futures Trading Volume Prove Crypto Demand is Very High

Kraken’s acquisition of the UK-based cryptocurrency futures provider Crypto Facilities led the platform on a high trading volume spree, according to their latest statements. Sui Chung, the head of indices and price products at Crypto Facilities, confirmed that the trading volume on their futures platform increased by 565% following Kraken’s $100 million acquisition. In total, the platform recorded $1 billion worth of trades in over a 30-day timeline across all its products: bitcoin, ether, litecoin, bitcoin cash, and XRP. At the same time, Crypto Facilities noted a higher number of…

Futures Trading Nears $1 Billion in First Month at Kraken Crypto Exchange

Cryptocurrency futures provider Crypto Facilities has seen “tremendous growth” since being acquired by U.S.-based crypto exchange Kraken last month, an executive said. Sui Chung, the subsidiary’s head of indices and pricing products, told CoinDesk that trading volume has increased more than 500 percent since Kraken acquired the futures exchange at the beginning of February for $100 million. Crypto Facilities is perhaps best known in the U.S. for providing bitcoin and ether reference rates to CME Group, which lists bitcoin futures contracts. In total, nearly $1 billion in crypto futures has been traded…