Bitcoin (BTC), the original cryptocurrency, is gaining momentum versus global big-cap stocks as it overtakes the market value of American conglomerate holding company Berkshire Hathaway. BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet’s company on Dec. 3.

BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet’s company on Dec. 3.

As Bitcoin surged past $40,000 over the weekend, the market capitalization of the cryptocurrency rose to above $780 billion, just beating Berkshire Hathaway’s $779 billion on Dec. 3. 

Berkshire Hathaway’s class A (BRK.A) stock closed the market…

Read more on Cointelegraph

The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to carry out further consultative work to determine the benefits of launching a digital pound.

The groundwork and tests related to the launch of a central bank digital currency (CBDC) incurred significant costs for the Bank of England and Treasury, according to a House of Commons Treasury Committee report. It recommended greater transparency around the costs incurred around CBDC initiatives by having a separate line item in its annual report and accounts from 2024 onwards:

“It is important that the Bank of England and Treasury keep control of these costs to avoid spending more than… Read more on Cointelegraph

The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin (BTC) has also surged above $41,000 for the first time in 19 months. 

BTC/USD (blue) vs. gold price (orange) Source: TradingviewBitcoin price breaks $40K…and $41K 

Bitcoin has made a triumphant return to the $40,000 threshold, a figure unseen since the heights of April 2022. This included a swift 2% jump over 24 hours, marking a 19-month peak for the cryptocurrency.

Wild tailwinds for bitcoin:✅ New ATH in gold✅ to abolish central bank✅ Worst bond crash in 250yrs✅ BTC ETF on the cusp (?)✅ Real estate trembling✅…

Read more on Cointelegraph

The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force.

In a four-page letter to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a “monetary system” to secure funds, few know that Bitcoin can be used to secure “all forms of data, messages or command signals.”

“As a result, this misconception underplays the technology’s broad strategic significance for cybersecurity, and consequently, national security.”

The Defense Innovation Board is an independent advisory…

Read more on Cointelegraph

Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad, “has lambasted President Joe Biden while encouraging the purchase of Bitcoin BTC/USD, Gold, and Silver. This comes as Gold prices surge and Bitcoin surpasses the $40,000 mark.

What Happened: In a tweet posted on Saturday, Kiyosaki expressed that his decision to purchase an electric vehicle (EV) was motivated by the Israel-Hamas war, which he believes is about oil. He criticized Biden and his administration for fostering higher gas prices, claiming that this would further impoverish the poor while pleasing “liberal woke Greenies”.

See Also: From ‘Dogecoin Killer’ Shiba Inu’s Burn Rate Surge To Bitcoin’s ETF…

Read more on Benzinga

Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours.

Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3, according to CoinGecko.

It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1.

The price of Bitcoin over the last 12 months, which has gone from under $17,000. Source: CoinGecko

In a Nov. 30 note, Matrixport predicted that Bitcoin would hit over $60,000 by April next year and $125,000 by the end of 2024.

“The years when Bitcoin mining rewards were halved were generally bullish,” Matrixport explained. Bitcoin is expected to again halve — when mining rewards are cut by 50% —…

Read more on Cointelegraph

“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains.

Despite that, the incumbent CEO of Binance cuts the figure of a man reveling in the challenges ahead. Speaking to Cointelegraph just two weeks after taking over from outgoing CEO Changpeng ‘CZ’ Zhao, Teng seems to be relishing being at the helm of the world’s largest cryptocurrency exchange:

“I’m taking the baton and pushing ahead with our growth agenda while working very closely with global regulators.”

Teng believes that the “overcast” conditions clouding Binance in recent months are lifting following its staggering $4.3 billion settlement with…

Read more on Cointelegraph

Bitcoin (BTC) finally broke above the formidable resistance of $38,000 in the past week and marched closer to $40,000. This move shows that Bitcoin’s trajectory remains up. The bulls will try to maintain the momentum and achieve a strong close to the year, while the bears will try to pull the price down.

The major tailwind for Bitcoin is the expectation that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund as early as January. Swan Bitcoin CEO Cory Klippsten said in an interview with Bloomberg that the window for the approval for the spot Bitcoin ETF “seems to have been narrowed to January 8th, 9th, or 10th.”

Crypto market… Read more on Cointelegraph