Latest Market News
What a week we have had so far in the cryptocurrency markets! The price of Bitcoin has absolutely exploded to fresh 2020 highs as it hits the $13,000 mark in just a few days!
Yassine Elmandjra, a crypto asset analyst at ARK Invest, a New York-based investment firm with $28 billion of assets under management, recently made a bold statement by saying that Bitcoin could reach a market capitalization of over three trillion dollars by 2025.
The trial of Alexander Vinnik began on Monday in Paris, according to an Associated Press report. Vinnik is a Russian citizen who was allegedly operating the BTC-e cryptocurrency exchange between 2011 and 2017. In France, Vinnik has been charged with extortion and money laundering, but he is also wanted by both the United States and Russia. In France, Vinnik is facing up to 10 years in prison if he is found guilty.
Dash saw a strong 12.6% price surge today as the cryptocurrency managed to reach the $75.11 level.
As we move through Q4, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
This week, we will look at the top 5 performing altcoins. We had to skip FIL coin because the coin was just launched a day or two ago. The five coins we will look at today are ABBC (+71%), BNB (+7%), XLM (+6.3%), ATOM (+4.28%), and BCH (+4.27%).
One multi-chain platform that will implement sharding currently offers significant advantages over the competition such as Ethereum, Polkadot, NEAR, Cardano, Elrond, and Ardor, among others., and it's called Ignis. Ignis provides many ready-made features and functionality for developers and users to get up and running with blockchain without reinventing the wheel, or even operating a sub-chain of their own.
Grayscale’s cryptocurrency investment products saw over $1 billion in inflows for the first time in the company’s history. Of those funds, $719.3 million flowed into Grayscale’s flagship Grayscale Bitcoin Trust.
As we move through Q4, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
The JAX.Network cryptocurrency says it has solved the infamous blockchain scalability trilemma - will the project be able to deliver on its ambitious promises?
