This week in Crypto...
Bank of Japan confirmed the start of the first phase of the central bank’s digital currency trials.
The Crypto market cap topped $2 trillion for the first time, and only months after it broke $1 trillion.
According to JP Morgan, Bitcoin is gaining increased institutional adoption due to the recent decrease in volatility.
Tesla CEO Elon Musk might start paying rent to real estate firm Caruso Properties in Bitcoin.
Massive Tether stablecoin deposits were recorded across major Bitcoin exchanges, indicating an interest to buy Bitcoin at its pullback.
China could use Bitcoin to undermine the power of the US Dollar, according to billionaire tech investor Peter Thiel.
Tom Jessop, head of digital assets at Fidelity, says that Bitcoin adoption will continue “at an accelerated pace”, noting that “we’ve reached a tipping point”.
New York Digital Investment Group (NYDIG) is creating Bitcoin-powered products and services for the $6 trillion global insurance industry.
Bitcoin price shot past $60,000 as Ethereum hit new all-time high.
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