article thumbnail

Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High

PYMNTS

Bitcoin continued its price climb today (Nov. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. FinTech STAX, a capital-raising platform that accepts both dollars and cryptocurrency, helped WCA raise the funds. “We

Bitcoin 339
article thumbnail

Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent

PYMNTS

The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. Bitcoin has still gone up in price by 300 percent in the last 12 months.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bitcoin Rally Triggered By PayPal, Square Buying Spree

PYMNTS

PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins,” Pantera Capital indicated in the report.

Bitcoin 217
article thumbnail

Bitcoin Daily: Ethereum Protocol Aave Raises $25M; BOE Head Takes Stance Against Bitcoin

PYMNTS

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. Bank of England governor Andrew Bailey said he doesn’t see the value of Bitcoin as a mode of payment, cautioning it as a legitimate use, Reuters reports.

Bitcoin 261
article thumbnail

What happened to the bitcoin bubble?

Chris Skinner

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. Barry Corbett: So far this year, 85 new cryptocurrencies have been launched, bitcoin has traded within a whisper of $3,000, and the market capital of cryptocurrencies has surged to more than $100 bn, from $15 bn.

Bitcoin 318
article thumbnail

First Bitcoin Capital Trading Suspended By SEC

PYMNTS

24) it has temporarily suspended trading in the securities of Canada-based company First Bitcoin Capital Corp. The suspension comes at a time when Bitcoin is surging and regular investors are taking notice, particularly as the cryptocurrency’s value is hitting new highs, up more than 400 percent so far this year.

Bitcoin 104
article thumbnail

Bitcoin Daily: Brave Grows Crypto Features With Binance Integration; CoinDCX Backed By Bain Capital, Polychain Capital

PYMNTS

Brave will support many digital currencies aside from BAT, like Ethereum, Bitcoin, Litecoin and others, in a release to come. In other news, Polychain Capital and Bain Capital in addition to HDR Global Trading were among participants in a $3 million Series A round for Coin DCX , an exchange based in India, CoinDesk reported.

Capital 109