Here’s what happened in crypto today

Bitcoin has rallied into new all-time highs above $53,700, pushing its market cap above $1 trillion for the first time.Bitcoin’s late 2020 rally appeared to be sparked by an unprecedented wave of demand from institutions and billionaires, with the trend set after the world’s largest publicly traded business intelligence company, MicroStrategy, revealed it had converted…

After the explosion in popularity of the memecoin $PEPE, moderators on the original Pepe the Frog subreddit felt the pressure to lay down the law. 72 Total views 3 Total shares Moderators on Reddit began to take action on crypto-related Pepe the Frog hype flooding into the meme’s original subreddits after the explosion of the…

Crypto donations will still be accepted at Wikimedia Foundation as the foundation wishes to be “as inclusive as possible.” 190 Total views 25 Total shares Following a proposal from users to stop accepting crypto donations to Wikimedia Foundation, the nonprofit confirmed that it would proceed with crypto donations. Contributors banded together to urge the foundation to…

Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay. 628 Total views 24 Total shares Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation…

South Korean industry officials are reportedly speculating the number of crypto users could hit 20 million by the end of the year. 4951 Total views 4 Total shares Crypto exchange users in South Korea have crossed over 16 million after receiving a boost following US President Donald Trump’s election win last November.  Data submitted to

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Bitcoin (BTC) balances of the major exchanges are at their lowest point since 2019.Calm waters ahead?From a high in mid-January, the number of Bitcoins on deposit at major exchanges has dropped significantly in following months. This trend accelerated after the recent market collapse.Source: GlassnodeFurther supporting this trend is the “exchange net inflow” data, which is…

When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors.BitMEX contracts did not involve fiat or stablecoins and even though the reference price…

Bitcoin goes quite well with tacos. Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell locations. Maurice worked with his friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card exchange, first…