A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market participants, the report states the crypto market could reach a $2 trillion market capitalization if more institutional players were to get on board amid more favorable conditions. These firms would be more likely to adopt crypto if there was less regulatory uncertainty, a developed market infrastructure, and less risk surrounding security. “2020 was the year when many institutional investors such as banks and traditional asset managers began to …

According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in the top 1% of Chainlink wallets. Glassnode’s research found that 81% of LINK not held on crypto exchanges of smart contracts is currently stashed away in 125 wallets, with the number of tokens held by Chainlink’s whales steadily increasing over the past two years. When including the tokens held on exchanges and in smart contracts that Glassnode’s data excluded, the centralization of Chainlink’s token distribution appears extreme — with …

Bitcoin (BTC) has much further to go to suck away even 10% of gold’s market cap than old data claims, a popular indicator reveals. Highlighting numbers from Bitcoin’s realized cap on Jan. 12, Ki Young Ju, CEO of on-chain analytics resource CryptoQuant, said that the cryptocurrency had taken far less of gold’s market cap than previously claimed. Realized cap cools Bitcoin numbers game As Bitcoin grew in price towards the end of 2020 and hit all-time highs of $42,000 last week, a narrative appeared that investors were swapping gold for BTC, and that Bitcoin had thus taken around 7% of …

Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), according to data from major crypto tracking website CoinGecko. At publishing time, Stellar’s market cap amounts to $6.6 billion, while LINK and BNB’s market caps stand at $6.1 billion and $5.8 billion, respectively. Stellar’s return to the top-10 list comes amid XLM’s recent parabolic surge of 80% over the past seven days, according to Cointelegraph’s Stellar price index. At publishing time, XLM is trading at $0.302, up 27% over the past 24 hours. XLM also posted some major growth over the past …

A 13% rise in the price of ETH over the past 24 hours has propelled Ethereum onto a list of the top 100 traded assets by market cap for the first time, as measured by CompaniesMarketCap.com. Ethereum marched past 12 other entries on the list today and is currently positioned in the #88 spot, between Bristol-Myers Squibb at #89 and Anheuser-Busch at #87. Up 62% in 2021 alone, the price of ETH crossed $1,200 today for the first time since Jan. 2018 and appears poised to overtake its all-time high set Jan. 13 of that year. This year’s gains translate …

Bitcoin (BTC) continues its blistering holiday weekend rally, surpassing $27,000 on Dec. 27. What's more, the market capitalization of Bitcoin has surpassed half a trillion dollars for the first time ever. Bitcoin market cap breaches $500,000,000,000 The new record-highs for Bitcoin come less than three days after breaking resistance at $24,000. This also means that BTC price has now doubled over the past two months after gaining nearly $10,000 in the month of December alone. Bitcoin's market capitalization is also now over $510 billion, which puts it just under Warren Buffett's Berkshire Hathaway, the tenth-largest company in the world. This …

The price of Bitcoin (BTC) surpassed $25,000 on Dec. 25, reaching a new all-time high of $25,020 on Bitstamp and surpassing the market cap of Visa in a historic milestone. Visa, the financial services giant, is valued at $460.06 billion according to Yahoo Finance. As of Dec. 26, Bitcoin is comfortably hovering above $462 billion. But isn’t Visa and Bitcoin not an apt comparison? Bitcoin is essentially a peer-to-peer software protocol while Visa is a for-profit corporation. Some may argue that a direct comparison between the two is not apt as they are fundamentally different. But Bitcoin surpassing the valuation …

A number of decentralized finance protocols experienced volatility around the $1 billion mark in 2020, briefly making some of them unicorns in the crypto space. Though the 2020 numbers are comparable to the number of projects that emerged as unicorns during the 2017 initial coin offering boom, Gemini co-founder Cameron Winklevoss said in September that DeFi protocols have more staying power: "Back then, money was raised on shitcoin white papers written in a coffee shops. DeFi is already live and working in the wild. Billions of dollars are at work earning positive yield. This isn’t hypothetical vaporware, this is real." …

Tether (USDT), the largest cryptocurrency stablecoin, has passed a $20 billion market cap for the first time. According to data confirmed by the company on Dec. 18, Tether is now a $20 billion asset and the fourth-largest cryptocurrency by market cap. Tether market cap doubles since September "Tether has just surpassed a $20B market capitalization!" an official Twitter update reads. "This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted currency!" Tether's market cap has been increasing at an almost record pace throughout the past quarter, passing $10 billion just …

The latest leg of Bitcoin’s (BTC) recent rally saw its market cap push above $330 billion for the first time ever as prices rallied above $17,750 late Nov. 17. According to CoinGecko, Bitcoin’s previous record capitalization of $329.3 billion was posted on Dec. 16, 2017, amid the market’s all-time high price rally to test $20,000. However, the new record for capitalization comes despite the BTC price itself failing to break into new highs. There’s a simple explanation for that — Bitcoin’s expanding supply. While roughly 16.75 million Bitcoin existed on Dec. 16, 2017, more than 1.8 million coins have since …

Since PayPal announced adding Bitcoin (BTC) to its platform, the asset's market cap has exceeded that of PayPal itself. Ironic? At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash's list of the largest stocks, ETFs, and crypto assets. Bitcoin now holds the 21st spot on the list, with PayPal right below at $238,578,822,000. Whenever a company, asset, or otherwise overtakes a rival in valuation, the crypto space loosely refers to the event as a "flippening." In 2017, a number of folks speculated on a potential Ethereum (ETH) flippening, which would see ETH's market …

Bitcoin has risen dramatically in market capitalization over the years, recently taking its place among the top 25 largest companies and assets by market cap. At press time, Bitcoin (BTC) holds a market value near $240 billion. The coin is 22nd on a list of the top 100 stocks, exchange-traded funds and cryptocurrencies by market capitalization, according to AssetDash. Apple holds the number-one spot, standing at a $2 trillion evaluation, followed by Microsoft and Amazon, respectively. Bitcoin had a bullish day of price action following significant news from the payments processing network PayPal. At the time of publication, Bitcoin is …