According to sources close to the universities: Harvard, Yale Brown and the University of Michigan, as well as several other universities have started to acquire cryptocurrencies by buying bitcoin directly from Coinbase.
Blockchain technology and cryptocurrency are proving to be present in several industries worldwide, including education.
Universities and colleges have also quietly begun to increase their understanding, appreciation and involvement in blockchain technology.
Some academic institutions believe that it is worthwhile to teach this new technology to the next wave of industry leaders and champions and are confident enough to invest in it themselves over the long term.
On January 04, 2021, the Ether passed the 1000USD mark; the second largest capitalization cryptocurrency registered a gain of more than 40% between January 1 and 18 to reach a new ATH (All Time High) on January 19, 2021. The ether price has thus surpassed its historical record of 2018; it is currently trading around 1410 USD.
Over the last few weeks, the Ethereum Foundation Ether has outperformed by about 81% compared to the 26% of Bitcoin in their respective USD pairs.
Investors tend to follow Bitcoin and its new historical highs on a daily basis.
But let’s not forget…
On Monday, January 11, 2021, after reaching its ATH or historical high of US$42,000, the price of Bitcoin dropped 20%, the crypto-sphere is worried and wonders whether to sell it all or it’s time to buy.
Launched for the first time in 2009, Bitcoin is the first cryptocurrency or digital currency created by Satoshi Nakamoto. Since then, Bitcoin has become a common currency and its price continues to amaze everyone.
In 2020, the price of Bitcoin jumped more than 400%, after reaching a low of $3,600 in March.
Last week, Bitcoin was in a rising market trend, also known as…
The Office of the Comptroller of the Currency (OCC) said in a second interpretive letter on Monday that U.S. national banks and federal savings associations can participate in Independent Node Verification Networks (INVNs) and use the stablecoins to perform payment activities and other bank-authorized functions.
The OCC or Office of the Comptroller of the Currency is an independent office within the U.S. Department of the Treasury that was created by the National Currency Act of 1863 and charters, regulates and supervises all domestic banks and federal savings associations and the federal branches and agencies of foreign banks.
We will try to understand and explain what Bitcoin is today; its characteristics, functionalities, usefulness, potential use and how it works.
Etymologically, the word Bitcoin comes from the two words bit and coin;
- Bit is a unit of binary information and
- Coin designates a token.
Bitcoin is an innovative payment network and a new form of unit of value.
It is the very first virtual or cryptocurrency. Being completely virtual, Bitcoins do not exist in a physical form.
These currencies are kept on a public book to which everyone has transparent access.
In other words, Bitcoin is a…
More and more large companies and institutions such as Square, Microstrategy and Massmutual are getting into Bitcoin.
MicroStrategy’s Bitcoin-focused offering has grown to nearly $650 million after an initial purchase of $100 million. Square has invested $50 million in Bitcoin and said that cryptocurrency “fits the company’s goal.
The year 2020 seems to be the year when institutional investors are buying more and more Bitcoin. Several large companies and institutions are entering the world of crypto and have made a significant investment in Bitcoin.
As a result, retail interests in Bitcoin have skyrocketed; the value of BTC has reached its…
On Monday, December 7, 2020, at the end of a virtual meeting, the U.S. Treasury Department said in a statement that the finance ministers and central banks of the advanced economies of the Group of Seven (G7) strongly supported the need to regulate digital currencies.
On October 13, 2020, a statement was issued stating that digital payment services ‘should be supervised and regulated appropriately to address the challenges and risks to financial stability’.
The declaration, entitled Declaration of G7 Finance Ministers and Central Bank Governors on Digital Payments, in which the G7 stated about cryptocurrency; which it defines as alternatives…
The first phase of Ethereum 2.0 was on Tuesday, December 1, 2020. In an article on their site, Coinbase indicates that it plans to launch the major upgrade with the implementation of a staking service for Ethereum soon; the platform will fully support ETH 2.0 with the implementation of staking and trading functionalities.
The long-awaited first of December date for Ethereum fans has finally arrived.
Ethereum 2.0 is launched and is accompanied by a rise of the ether price which exceeds 600 dollars. The value of this second blockchain is close to 70 billion dollars. …
Let’s discover together how the Blockchain technology works; the famous recording and information sharing system behind the operation of Bitcoin as well as other cryptocurrencies.
In August 2008, a character known as Satoshi Nakamoto registered the Bitcoin.org domain online.
Two months later, on October 31, 2008, Nakamoto shared a document entitled: ‘Bitcoin: a peer-to-peer electronic payment system’.
Being still available online, this document explains the concept of the decentralized digital currency: Bitcoin.
It turns out that this famous Bitcoin works thanks to a free software based on a technology called Blockchain, which contains a public ledger of all the transactions…
On Monday, November 16, 2020, Grayscale Bitcoin Trust announced that it holds more than 500,000 bitcoins, valued at more than $8.3 billion, in its Bitcoin Trust.
Founded in 2013 by Barry Silbert, who is also the founder and CEO of the Digital Currency Group (DCG), Grayscale Bitcoin Trust is sponsored by Grayscale Investments, one of the world’s largest digital currency asset managers.
It is a financial vehicle that allows investors to trade shares in trusts that hold large amounts of Bitcoin. …