$80K BTC price chases gold — 5 Things to know in Bitcoin this week

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets.Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD.GBTC troubles pile up post-FTXIn the latest bout of nerves to hit the Bitcoin…

Yo-yo, Tamagotchi... Dogecoin! 2709 Total views 25 Total shares The rapid emergence of Dogecoin (DOGE) as the fourth-largest cryptocurrency by market capitalization has led some to perceive the meme coin as a mere fad — something very much here today, but doomed to be gone by tomorrow.But in the unlikely event that Dogecoin actually disappeared…

Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs. 6608 Total views 22 Total shares Bitcoin (BTC) was trading at $5,000 higher in South Korea than in other markets on Wednesday as capital flow controls continue to enforce the “kimchi premium.” While Bitcoin was…

Top Russian bankers cite their reasons for not liking Bitcoin after Tinkoff's CEO said that the central bank was stopping it from offering crypto trading services. 7134 Total views 6 Total shares Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as…

Former Swiss President and new board member of CV VC talks the unique attitudes towards law that make Switzerland a hub for crypto. Johann Schneider-Ammann, who served as the President of Switzerland in 2016, recently joined the board of Crypto Valley Venture Capital, or CV VC. CV VC is a startup that invests in crypto…

United States-based blockchain startup Spring Labs announced sixteen fintech companies had joined its partner program prior to the release of its Spring Protocol in a press release Jan. 17.Spring Labs, which last year raised $15 million in funding, aims to release anti-fraud technology in the form of private P2P data sharing technology, powered by blockchain.At…

Nubank has seen a quarterly revenue increase of 1124% in less than four years as its customer base has grown. Nubank, a Latin American financial bank backed by Warren Buffett’s Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio. The bank is adding Cardano (ADA), Near Protocol (NEAR), Cosmos (ATOM)

Interbank payments network provider, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), has dismissed cryptocurrencies as being “useless and unstable.”An FXStreet report published on Sept. 10 cites unnamed SWIFT representatives at a London briefing earlier this week, who reportedly claimed that:“They go down in value like a yoyo, they’re useless and unstable. And even if…

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