JPMorgan admits Bitcoin’s growth represents a risk to gold as an investmentBTC $18,407 (+1.2%) • ETH $568 (+3.9%) • XRP $0.57 (+3.6%)
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Bitcoin has strongly outperformed gold over the past few months. Since the leading precious metal peaked this past summer at new all-time highs above $2,050, it has faced a 10 percent correction, dropping, then consolidating in the $1,800 region. BTC, on the other hand, has doubled since the summer, pushing to new all-time highs at $19,900. According to JPMorgan, Bitcoin is likely to continue gain traction, which may actually present a bear case for gold. The idea here is that BTC may see capital inflows as investors swap the precious metal for the leading cryptocurrency. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Coming next spring: Theta Labs Mainnet 3.0 introduces TFUEL staking and burningTheta Labs today released the white paper for its mainnet 3 upgrade which is going live in April 2021 and introducing new features, TFUEL staking and burning The news comes shortly after Theta unveiled its fully decentralized Edgecast network, revealing a platform that brings end-to-end decentralization for users, content creators and video platforms. Cardano is still the most heavily developed blockchain on GitHubThe latest data from crypto data aggregator Santiment has shown that Cardano is still the number one blockchain by average daily development on GitHub. Grayscale: 62% of new investors are now “very familiar” with BitcoinGrayscale Investments, arguably the world’s largest and most influential crypto fund, published results of a survey conducted last month that measured public sentiment, knowledge, and adoption of Bitcoin among new accredited and institutional investors. Crypto and stocks broker eToro becomes $2.5 billion ‘unicorn’Popular social trading app and website eToro became the latest FinTech firm to get a “unicorn” classification earlier this week, local publication Calcalist reported. Nexo founder on importance of crypto lending insurance and the differences between the 2017 and 2020 Bitcoin bull runCryptoSlate recently had the opportunity to chat with the Managing Director of Nexo, Antoni Trenchev. “Strong support” for crypto industry regulation at recent G7 meetingMinisters from the seven influential countries called for greater regulatory oversight and laws for cryptocurrencies as the market sees increased adoption from both institutional and retail crowds. How this scammer “accidentally” sent $200k to Yearn.finance (YFI) founder Andre CronjeIn my time analyzing Ethereum addresses over the past few weeks, I’ve noticed an interesting trend: prominent funds such as Polychain Capital and prominent figures such as Andre Cronje, founder of Yearn.finance, regularly receive random coins from Uniswap. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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