Kaiko indicated that 85% of Stablecoin Transactions are made with Tether and 70% of bitcoin transactions are executed using Tether. Tether’s capitalization places it on par with the top 50 banks in the US.
Google Play will instantly convert the Bitcoin to USD to make payments using the Bakkt asset custody and exchange platform. The service will be available initially in the United States of America. Bakkt will be the Company allied to Google for these Cryptocurrency payments.
China continues to chase Bitcoin miners. They could be hidden in data centers in Jiangsu. Bitcoin resists dying in Chinese territory, although it is increasingly difficult to exercise mining.
Marathon mining pool will use the Federal Reserve dollars to finance the purchase of new equipment that it manages. The agreement allows the mining company to use the extra money, if necessary to mine more bitcoins.
Bitcoin passed US$55,000 once again and has a total capitalization of more than a trillion dollars. Between last week and so far, bitcoin has risen more than 20%
Twelve years ago, the exchange New Liberty Standard was the one that established the first price of bitcoin. At that time, 1300 Bitcoin was worth 1 dollar.
Since April 30th, the trading of bitcoin and cryptocurrencies is prohibited by Turkish President Erdogan. The Country is making progress in developing a digital currency issued by its Central Bank. Now Tukey is oficially in a war against Bitcoin.
The bitcoin price adjustment is inevitable not a new bull market season. The suggestion is a price adjustment from here upwards and not a continuation of the corrective movement.