Industry News

The big news in the cryptocurrency world! The world's first Bitcoin exchange-traded fund is off to a hot start. Missed that info? Well, just keep reading.

Bitcoin has surged over the last few months and is breaking new records. Experts predict the future of cryptocurrency, and global companies continue to invest more in BTC. The question is, will it continue to rise, and should you start the race for Bitcoins now?

Matt Kane’s “Right Place & Right Time,” an NFT digital artwork that changes every day with the bitcoin price volatility, has been sold for more than $100,000. The artwork represents a creatively designed image of bitcoin's logo. It is a one-of-a-kind programmable piece that generates a new image every day. Made of 24 layers synchronized with Bitcoin's price volatility from the previous 24 hours, it was created on Async Art.

Bitcoin seems to become digital gold in 2020. This can be stated based on the price trends and correlations in the futures market. According to Coin Metrics data the positive correlation between BTC and gold has increased since the beginning of July and is now at a record level above 0.5. The sensitivity of the cryptocurrency to the movements in risk assets, mainly stocks, may decrease. Also, Bitcoin's hashrate has risen to record highs near 150 exahashes per second. Not bad, huh?

Do you think cryptocurrency is a good asset only for the get-rich-quick scheme? Keep reading and you’ll know that this can actually be a long-term game.