A French commerce court has classified Bitcoin (BTC) as currency during a recent trial. Local news outlet Les Echos reported on March 5 that the Commercial Court of Nanterre decided on Feb. 26 to qualify Bitcoin as a fungible interchangeable asset that is not individualizable, just like fiat money. The ruling was part of a dispute between French cryptocurrency exchange Paymium and alternative asset investment firm BitSpread. Per the report, Paymium loaned 1,000 BTC (over $9.1 million as of press time) to BitSpread in 2014. When holding the leased 1,000 BTC, BitSpread also got hold of 1,000 Bitcoin Cash (BCH) …

Grayscale Investments managing director Michael Sonnenschein said that “Bitcoin itself has solidified its role as a store of value or as a digital gold.” In his conversations with institutional investors, Sonnenschein explained that he has seen a big change in the way they view Bitcoin. According to him, now, several institutional investors are looking to add cryptocurrency to their portfolio, which was not the case just 12 to 18 months ago. In a report, KPMG has said that institutional players are concerned about the lack of proper custody for cryptocurrencies. Co-lead of KPMG’s crypto asset services Sal Ternullo said : …

After the rout last week, most asset classes have started the week with a rebound. The total crypto market capitalization has bounced from the recent lows of about $240.7 billion to $251 billion at press time. The strength of the rebound will confirm whether a bottom is in place or if this is a dead cat bounce after which the down move will resume. With the recent fall in Bitcoin, the price action has been exactly following the popular stock-to-flow Bitcoin price forecasting model designed by PlanB. He expects the price to average about $8,650 until Bitcoin’s halving in May. …

Each crypto token commands a small army of fierce supporters. For many, the sole cryptocurrency that is worthy of such staunch support is Bitcoin (BTC). But what truly is Bitcoin, what is its purpose, and how can it be fully optimized? The division among those trying to answer these questions led to the creation of Bitcoin Cash (BCH), Bitcoin’s most successful offshoot. While for some, BCH has been the answer to crypto’s woes, but the coin has had some significant issues of its own over the past few months. From a multimillion-dollar hack to a new mining tax, BCH is …

Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did not approve of the strategy to buy Bitcoin only when the equity markets are down. Instead, he said that investors should keep a long-term view on Bitcoin and consider it as “insurance”. Fundstrat’s Tom Lee said that blockchain and crypto will disrupt the financial industry over the next twenty years. For the short-term, Lee retained his bullish stance on Bitcoin. He said: “I think there’s …

In a Cointelegraph exclusive interview, Roger Ver bears it all ‒ how his prison experience made him see Bitcoin’s potential, why Bitcoin Cash (BCH) is better than Bitcoin (BTC), and why he believes Bitcoin Cash will appreciate 1,000-fold. Prison Most of the crypto community knows that, in his youth, Roger Ver had run-ins with the law; in fact, he was sentenced to ten months for selling explosives on eBay. However, not many know that this experience not only provided Ver with ample time for reading, but also allowed him to observe how in a closely controlled environment, “commodities” like tobacco, …

The equity markets sold off sharply on Feb. 24 and 25. Even gold, a traditional safe-haven has stalled its rally. On similar lines, cryptocurrencies are also witnessing a period of correction. The total crypto market capitalization has dropped from about $308 billion on Feb. 15 to $248 billion at press time, which is a fall of about 19.50%. For an investor, this is a normal and healthy correction, which can provide an opportunity to buy or add to existing positions. In an interview with CNBC, billionaire investor Tim Draper said that he has shifted his money out of stocks and …

The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during certain occasions, such as now, it moves to its own beat. In other news, Tron founder Justin Sun paid a record $4.6 million in a charity auction to have a meal with legendary investor Warren Buffet. However, …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin grapples with $10,000 — two scenarios for the week ahead Bears got their pound of flesh this week when Bitcoin prices tumbled by $800 in an hour. The crash led to significant losses across most altcoins, too. Looking ahead to the coming days, Cointelegraph’s Keith Wareing says BTC is in the early stages of …

Altcoin Bitcoin Cash (BCH) has become the subject of intense speculation after a major investor claimed he lost $30 million in a wallet hack. In a now-deleted Reddit post from Feb. 22, the investor, who appears to be Dreamhost founder Josh Jones, said the attacker also stole 1,500 Bitcoin (BTC) worth $14.4 million. Hacker steals reported $45M The hack came in the form of Jones’ SIM card being compromised. So far, he has not confirmed whether this was a so-called “SIM swap,” or whether the funds were commandeered by other means. In the deleted post, Jones appealed to BCH miners …

Binance CEO Changpeng Zhao believes that the upcoming Bitcoin halving has not been priced in to the digital asset’s current price action. The reduction in miner rewards will increase the cost of mining each Bitcoin, meaning, miners are unlikely to sell below their cost of production. Bitcoin’s supply will decrease with the halving but its demand has also been increasing, creating a situation where prices are likely to driven higher. Although CZ’s statement can be interpreted as bullish, the CEO personally believes that Bitcoin’s price might gravitate around $10,000 levels for a few more days as round numbers are known …

Eurekahedge's index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space. Coinbase is now a Visa principal member, the first crypto pure-play company to receive the membership. This will help the company to offer more features and services to its customers of Coinbase …