Tag: 7B

Public companies hold almost $7B in Bitcoin in heads-up to Grayscale

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Bitcoin (BTC) holdings at public companies topped $6.8 billion this year as newcomers catch up with industry heavyweight Grayscale. According to monitoring resource Coin98 Analytics, a total of 13 public companies have now invested in Bitcoin. Putting Grayscale’s “sun” in the shade Asset management giant Grayscale remains the largest BTC player with 449,596 BTC ($5.14 billion) under its control, followed by CoinShares’ 69,730 BTC ($797 million). MicroStrategy, the firm which made waves when it announced it had moved to adopt a “Bitcoin Standard,” has 38,250 BTC ($437.1 million). In fourth…

Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi

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The bitcoin market bottomed out around $11,100 before bouncing back; DeFi continues an upward trend, garnering interest from traders and perhaps creating new ones. Bitcoin (BTC) trading around $11,467 as of 20:00 UTC (4 p.m. ET). Gaining 1.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,593. BTC above its 10-day moving average but below the 50-day, a sideways-turning-bullish signal for market technicians. Bitcoin trading on Coinbase since Aug. 24.Source: TradingView Bitcoin’s price was able to hold above $11,100 Wednesday, going as low as $11,102 before jumping as high as…

DeFi surpasses $7B in locked funds, but just six projects hold 90% of capital

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The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, according to DeFi Pulse. If the current rate of growth continues, DeFi will be worth more than $27 billion by the end of 2020. Aave currently comprises the largest DeFi project with $1.51 billion locked, followed by MakerDAO with $1.42 billion, Curve Finance with ss$1.15 billion, Yearn.finance with $845 million, Synthetic with $801 billion, and Compound representing $797 million. Aave recently emerged as…

Fireblocks Hits $7B Monthly Volume and Expands Into Asia Pacific

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Digital asset security specialist Fireblocks announced April 30 that its platform has been used to secure $30 billion of digital assets to date, with current monthly volumes in excess of $7 billion. It is also expanding to meet increased demand in the Asia-Pacific region, with the opening of new offices in Singapore and Hong Kong, providing support to local customers and encouraging new institutions onto its Secure Transfer Environment. APAC customers require speed, security and compliance The company has seen a surge in demand for its services in Asia, with…