The record high came on the seven-year anniversary of the day Vitalik Buterin announced the cryptocurrency's launch on a bitcoin forum.

Cryptocurrency

Business Insider

Ethereum explodes 21% in just one day to secure a new all-time high past $1,470 - and analysts expect it to double in the next two weeks

LONDON - No existing cryptocurrency has a structure that is likely to allow it to last over the long term, Bank of England Governor Andrew Bailey said on Monday at an online discussion hosted by the Davos-based World Economic Forum. "Have we landed on what I would call the design, governance and arrangements for what I might call a lasting digital currency? No, I don't think we're there

Business

London, England

London

Reuters

Financial Post

Existing cryptocurrencies unlikely to last, says BoE's Bailey

Each unit will be physically backed by 0.001 bitcoin, offering investors exposure to the cryptocurrency.

Bitcoin

A $3 billion digital-asset investing trailblazer just launched an exchange-traded bitcoin product in the midst of the cryptocurrency's wild rally

The financial company considers that the flow of institutional resources to the cryptocurrency is too weak to revalue the Bitcoin.

Entrepreneur

Bitcoin May Never Go Above $ 40,000 Again, JP Morgan Alerts

Trading in cryptocurrency in Thailand reached 14.8 billion baht during the period Jan 1, 2020 to Jan 24 of this year on seven exchanges, according to data disclosed publicly for the first time by the Securities and Exchange Commission (SEC). Three of the exchanges included in this figure only began their operations at the weekend.

Thailand

Bangkok Post 

Trading on local exchanges surges to B14.8bn this month

(Bloomberg Opinion) --At her  confirmation hearing last week, Treasury Secretary Janet Yellen said many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.

Finance

Janet Yellen

Bloomberg Quint

Regulate Cryptocurrencies? Not Yet

Russia’s largest lender, Sberbank, has applied to the national financial regulator to set up a blockchain platform for its own digital token called Sbercoin. The project may be launched as early as this spring.Sberbank sent the application for the platform to the Central Bank of Russia at the beginning of the year, Director of the Transaction Business Division Sergey Popov revealed earlier this week.

Blockchain

Russia Today

Major Russian bank gets ready to launch its own cryptocurrency by spring

The US Securities and Exchange Commission (SEC) may become more accommodative to cryptocurrencies under the new incoming chief, a potential boost for digital assets seeking to establish their reputation amid Bitcoin’s US$176 billion sell-off from record-high this month.

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