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Bitcoin’s market cap flipped Tencent on its way to $1 trillion
At approximately $1 trillion, Bitcoin’s market cap has blown past Tencent, which holds a valuation of roughly $917.8 billion at time of publication, according to AssetDash rankings. Crypto’s largest digital asset is now sixth on AssetDash’s list of top market cap companies across the globe. Google, officially known by its parent entity, Alphabet (GOOGL), holds the fifth spot with a market cap of approximately $1.4 trillion at the time of publication. “After reaching a new all-time high price mark, Bitcoin surpassed Chinese tech giant Tencent, moving it up to the #6 spot in the world among publicly traded companies,” CoinSmart …
Bitcoin / Feb. 19, 2021
Cryptocurrency market cap hits $1.4T and surpasses Google stock
Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total crypto market cap hit $1.413 trillion, overtaking the market cap levels of Google class-A and class-C shares. At the time of writing, the market capitalizations of GOOGL and GOOG amount to $1.39 trillion and $1.404 trillion, respectively. Crypto market capitalization has been gaining momentum amid an ongoing crypto rally this year, breaking the $1 trillion mark …
Bitcoin / Feb. 10, 2021
Time to shine? Crypto should be given a chance after GameStop drama
What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game. As a recap, on Jan 27, when the Dow Jones Industrial Average fell sharply by over 2% — in large part due to the United States Federal Reserve announcing its move to maintain interest rates around the zero percent mark — shares of video game retailer GameStop (GME) and …
Blockchain / Feb. 6, 2021
Law Decoded: New dawn or bad moon rising for trust-busting in tech, Jan. 29–Feb. 5
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor's note As they say, the sun never sets on the Google empire. That said, the role of antitrust law in tech has been on the rise in recent years. Every indication is that the situation is only going to get worse for mega tech firms. So Jeff Bezos’ departure from the top spot at Amazon may well have been a beautifully timed case of quitting while you’re ahead. As I’ve mentioned before — “harped on about” might actually be more …
Regulation / Feb. 5, 2021
New antitrust legislation aims to put an end to tech monopolies in the US
The Senate sees new legislation aiming to update antitrust laws for new technologies. Senator and former candidate for the Democratic presidential nomination Amy Klobuchar is introducing the Competition and Antitrust Law Enforcement Reform Act today, Cointelegraph has learned. Sen. Klobuchar, who heads the Senate Antitrust Subcommittee, is looking to put new burdens on companies seeking to acquire competitors. An announcement of the bill noted that it aims to "Shift the burden to the merging parties to prove their merger will not violate the law." The bill would also provide broad new legal authority and resources to the Justice Department's Antitrust …
Regulation / Feb. 4, 2021
‘Buy crypto’ Google searches hit record high: The Tie
If Google search trends are anything to go by, crypto euphoria appears to be on the rise again, according to new industry research. “Buy crypto” searches on Google surged to all-time highs in January, far exceeding the previous peak of early 2018, according to cryptocurrency analytics company The Tie. Relative search interest for the term "Buy Crypto" is at all-time high on Google Trends pic.twitter.com/4cFIkI0xbp — The TIE (@TheTIEIO) February 1, 2021 The keyword received a perfect Google Trends score of 100, which indicates maximum relative interest. A similar spike was also observed for Ethereum, which achieved a perfect score …
Bitcoin Price / Feb. 2, 2021
Google reportedly scraps thousands of negative Robinhood reviews
Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim. Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews of Robinhood, pushing the app’s rating from one star to about four stars. Google just removed over 120,000 negative reviews of RobinHood on the App Store. Screenshot is noon, and now pic.twitter.com/BjaXIEWhiD — Mr. Whale (@CryptoWhale) January 29, 2021 Google reportedly confirmed the massive removals to tech news publication The Verge, claiming that the …
Trading / Jan. 29, 2021
Trezor crypto wallet warns users of doppelgänger scam app on Google Play
Trezor, a major hardware cryptocurrency wallet supplier, has warned its users about a fake Trezor application on Google Play. According to Trezor, the fake app is malicious and has no relation to Trezor or SatoshiLabs, a company that created the Trezor wallet. Announcing the news on Jan. 18, Trezor asked its clients to not install the malicious application, reminding users that they should never share their seed phrase with anyone. Warning to all Trezor owners using Android devices! This app is malicious and has no relation to Trezor or SatoshiLabs. Please, don't install it. Remember that you should never share …
Bitcoin / Jan. 19, 2021
Google searches for 'Ethereum' hit all-time high
More people are searching for the word “Ethereum” now than ever before in its history. Google Trends data reveals that the number of Google searches currently being performed for “Ethereum” is at an all-time high, eclipsing search interest during the height of the last Ether (ETH) bull run. Ethereum’s previous peak in search term popularity was on Jan. 13, 2018 — the date of ETH’s all-time high of $1,432.88. Google Trends Worldwide Search Interest for #Ethereum projected to reach an all-time high: pic.twitter.com/oisOk9HhoD — Michael Vincent (@mmichaels_21) January 7, 2021 Historically considered a “folk metric,” a rising Google Trends interest …
Adoption / Jan. 8, 2021
What Bitcoin all-time high? These 3 charts prove new retail buyers aren't here yet
Bitcoin (BTC) has gained 30% in a week and topped out at $23,777 on Dec. 16 — but hardly anyone in the world knows yet, data suggests. According to charts tracking public awareness of what Bitcoin has done recently, interest is still a fraction of what it was during its run to previous all-time highs exactly three years ago in 2017. Twitter sleeping on BTC Outside "CT" Anyone who regularly reads crypto Twitter, also known informally as "CT," may have the impression that the entire social network revolves around Bitcoin price action in 2020. This is not the case, however, …
Adoption / Dec. 18, 2020
WordPress adds official Ethereum ad plugin
A new crypto plugin will allow WordPress publishers to receive ad earnings directly into their Ether (ETH) wallets, according to a Dec. 10 plugin description posted on the WordPress’ official website. Called “EthereumAds,” the plugin will enable content publishers to auction advertisement space for ETH using smart contracts. “After you inserted our widget your ad space is automatically openly auctioned off using our smart contract every two weeks to the highest bidder,” the official description reads. According to the EthereumAds website, the WordPress plugin plans to compete with Google AdSense, allowing publishers to earn ETH through banner ads. EthereumAds specifically …
Technology / Dec. 11, 2020
This bull market is different because people already know about crypto, Celsius CEO says
Google searches for Bitcoin (BTC) appear to be far less popular today than they were when the asset achieved its previous all-time high in December 2017. “2017 was all about hype and first-time users jumping in to try to catch BTC because of FOMO (Fear Of Missing Out),” Celsius CEO Alex Mashinsky told Cointelegraph. “This time, it is different,” he noted. “The fact almost no one is searching for BTC,” said Mashinsky, referencing data from Google Trends, “tells you everyone already knows what it is and where to buy it (cash app or Paypal).” Bitcoin has gained mainstream adoption in …
Bitcoin / Dec. 3, 2020