Bitcoin price jumped more than 20% to$ 38,566 after Elon Musk, the richest person in the world, wrote bitcoin in his Twitter bio.
Users of the WallStreetBets subreddit launched a pump campaign of Dogecoin. During the day, it rose in price more than twofold.
Jihan Wu, co-founder of Chinese mining equipment manufacturer Bitmain, announced he's officially stepping down as Bitmain chairman after a lengthy conflict with fellow co-founder Micree Zhan. Wu received compensation worth approximately $600 million.
American bank JP Morgan outlined three key reasons for including bitcoins in investment portfolios. According to analysts, the asset will increase the efficiency of any portfolio.
The Ministry of Labor of the Russian Federation ordered Russian officials to get rid of cryptocurrencies by April 2021. The decision is explained by high corruption risks.
One of the most high-profile events of the past year was the theft of three million dollars from the DeFi protocol Cover on December 28, 2020.
The European Central Bank confirmed the possible issue of a digital euro. The final decision will be made by mid-2021. Meanwhile, Japan moved on to the second phase of its CBDC project.
According to analysts at Fundstrat Global Advisors, Ethereum, the second largest cryptocurrency by capitalization, may grow more than sevenfold to $10,500.
Illegal online casinos and bookmakers in Russia actually stopped working due to problems with accepting payments. Bitcoin is the only payment method available to them.
Token sale of the DYMMAX cryptocurrency derivatives project is successfully closed on Probit, the Korean cryptocurrency exchange. In two rounds of funding, the team managed to raise $ 1.2 million in cryptocurrencies.
There is a shortage of high-performance video cards on the market that can be used for mining cryptocurrencies. Those models that are available for purchase rose in price by an average of $100 or higher.
The launch of a new marketing program on the Ethereum blockchain yielded the members of the Global Decentralized FORSAGE Community over $8 million in a few days.
Gazprom Neft launched an associated petroleum gas power plant near the city of Khanty-Mansiysk. Large bitcoin mining farm Vekus buys electricity from this power plant. And in Norilsk, a large data center with hundreds of ASICs is powered by a power plant of a former nickel plant.
In 2020, the number of crypto users exceeded 101 million people, according to a study by the University of Cambrige.
Global regulators are again talking about tighter control over the cryptocurrency market as bitcoin approaches new records.
Last week, institutional capital inflows into cryptocurrency funds totaled only $29 million, down 97% in less than a month. The institutions allegedly try to fix profits, which may lead to a powerful wave of correction in the crypto market.