Bitcoin rise recent news
Here are some recent news articles and updates about the rise of Bitcoin:
Recent Price Surge
- Bitcoin surges past $12,000 for the first time since 2018, driven by growing institutional interest and optimism about its potential as a store of value. (Source: CNBC, July 2020)
- Bitcoin price hits $13,000 for the first time since 2019, as investors seek safe-haven assets amid global economic uncertainty. (Source: Bloomberg, August 2020)
Institutional Investment
- MicroStrategy, a business intelligence firm, announces it has purchased $250 million worth of Bitcoin, citing its potential as a store of value and hedge against inflation. (Source: Forbes, August 2020)
- Square, a financial services company, reveals it has invested $50 million in Bitcoin, citing its potential for long-term growth. (Source: The New York Times, October 2020)
Regulatory Developments
- The US Commodity Futures Trading Commission (CFTC) grants a license to a Bitcoin futures exchange, allowing it to operate in the US. (Source: Coindesk, August 2020)
- The European Union's financial regulator, ESMA, announces it will allow some cryptocurrency exchanges to operate in the EU, paving the way for greater institutional investment. (Source: Reuters, October 2020)
Mainstream Adoption
- PayPal, a leading online payment processor, announces it will allow its users to buy, sell, and hold Bitcoin and other cryptocurrencies. (Source: The Verge, October 2020)
- The NBA's Dallas Mavericks becomes the first professional sports team to accept Bitcoin as a form of payment for tickets and merchandise. (Source: ESPN, October 2020)
Technical Developments
- The Bitcoin network's hash rate, a measure of its computational power, reaches an all-time high, indicating growing security and stability. (Source: Coin Metrics, August 2020)
- The Lightning Network, a scaling solution for Bitcoin, reaches a new milestone, with over 10,000 active nodes and a total capacity of over 1,000 BTC. (Source: Coindesk, October 2020)
These are just a few examples of the recent news and developments that have contributed to the rise of Bitcoin. As the cryptocurrency continues to gain mainstream attention and adoption, it will be interesting to see how its price and popularity evolve in the coming months and years.