Transaction URL: https://etherscan.io/tx/0x2b2235aa3d718f00f11e1678ff7909ac13af37cced4252adf172ea3eff483e7a
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Ethereum’s price on August 14 has seen notable fluctuations since 2016, reflecting the cryptocurrency’s volatile market behavior over the years. Starting at $11.58 in 2016, the price demonstrates the humble beginnings of Ethereum in the financial market.
By 2017, the price had surged to $298, showing rapid growth. However, there was a dip to $193.6 in 2019, indicating some market corrections. The following year, 2020, saw a recovery to $430.1, which skyrocketed in 2021 to $3,302, marking a peak in market enthusiasm and investment.
In 2022 and 2023, Ethereum’s price adjusted to $1,936 and $1,839, respectively, suggesting ongoing market adjustments and some stability challenges. By 2024, the price had risen again to $2,733, indicating a renewed confidence and a steady climb in its valuation.
This year-by-year review of Ethereum’s prices on August 14 highlights the cryptocurrency’s dynamic nature and its resilience amidst market fluctuations.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Global investment bank Goldman Sachs GS on Wednesday revealed significant investments in Bitcoin BTC/USD exchange-traded funds (ETFs), according to its latest 13F filing.
What Happened: The report discloses that Goldman Sachs holds positions in seven out of the 11 Bitcoin ETFs available in the U.S., highlighting a notable shift in the bank’s approach to digital assets.
The largest of these holdings is in the iShares Bitcoin Trust IBIT, valued at $238.6 million.
Other substantial investments include $79.5 million in Fidelity’s Bitcoin ETF FBTC, $56.1 million in Invesco Galaxy‘s BTC ETF BTCO, and $35.1 million in Grayscale‘s GBTC.
The bank also holds smaller stakes in…
Read more on Benzinga
SAN SALVADOR, August 13, 2024 — Mi Primer Bitcoin, a bitcoin education non-profit rooted in El Salvador, announced its groundbreaking fundraiser, in its effort to teach a total of 100,000 students about bitcoin.
This campaign on Geyser, a bitcoin-only crowdfunding platform, highlights the vision of the organization to remain independent and impartial, as it focuses on both grassroots education but also funding.
Mi Primer Bitcoin, also known as My First Bitcoin, is the world leader in independent, impartial, and community-led bitcoin-only education. Their philosophy focuses on bitcoin education as a means toward empowering students and teachers.
We’ve taught 35,000…
Read more on bitcoinnews
Goldman Sachs has significantly bolstered its position in the cryptocurrency market, as revealed in its latest 13F filing. The renowned investment bank now holds positions in seven out of the 11 Bitcoin exchange-traded funds (ETFs) available in the U.S., signaling strong confidence in the future of digital assets. Its largest investment is in the iShares Bitcoin Trust (IBIT), with a substantial $238.6 million, followed by $79.5 million in Fidelity’s Bitcoin ETF (FBTC).
Goldman’s diversified crypto portfolio also includes $56.1 million in Invesco Galaxy’s BTC ETF (BTCO) and $35.1 million in Grayscale’s GBTC. Smaller investments have been made in other Bitcoin ETFs, such as BITB, BTCW, and ARKB. This move underscores the growing acceptance and adoption of Bitcoin within mainstream financial institutions, highlighting the increasing importance of cryptocurrency in global markets.
Optimism announced on Monday a plan to create a native protocol layer solution that will solve the problem of liquidity fragmentation across its ecosystem of rollup chains, also referred to as the Superchain.
The layer-2 giant’s solution will unify its ecosystem through a “universal standard of interoperability.”
In a world where spinning up a rollup is as simple to do with a few clicks, issues of liquidity fragmentation and high-friction user experience remain as users require third-party bridges to jump from chain to chain.
The new Optimism multichain protocol layer will comprise four key components: A message passing protocol for cross-chain communication, a standardized…
Read more on Blockworks
New data reveals that over 1 million Bitcoin addresses now hold 1 BTC or more, signaling strong confidence in the cryptocurrency. This marks a significant milestone as these addresses represent a substantial portion of the 21 million BTC that will ever exist, potentially tightening the available supply.
Institutional interest continues to rise, with U.S. spot Bitcoin ETFs collectively holding over 901,000 BTC and MicroStrategy, a major corporate player, owning 226,500 BTC. MicroStrategy’s plan to raise $2 billion to buy more Bitcoin further underscores the growing trend of accumulating and holding substantial amounts of BTC.
This trend is a positive sign for Bitcoin’s future, indicating increased adoption and long-term confidence. As the number of addresses with 1 BTC or more grows faster than Bitcoin’s price, it reflects a shift in market dynamics, with both retail and institutional investors eager to secure their share of the limited supply.
Bitfarms founder Nicolas Bonta is stepping down from the company’s board of directors after facing pressure from rival bitcoin miner Riot Platforms, which sought to replace him.
Upon the former board chair’s departure, the company named Brian Howlett as its new chair, Bitfarms said Tuesday.
Additionally, Bitfarms CEO Ben Gagnon — named to that post last month — will join the board.
“Now is the right time for me to step down and for Ben to join the board,” Bonta said in a statement. “I am equally confident in Brian’s ability to lead the Board as we look ahead to the next phase of Bitfarms’ growth.”
Following the latest board shakeup, four of the board’s five…
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Chun Wang, the co-founder of Bitcoin mining pool f2pool and a well-known figure in the Bitcoin community, is set to command SpaceX’s first human spaceflight mission to explore Earth’s polar regions from orbit. Wang, who began mining Bitcoin back in 2011, said he has been eagerly preparing for this mission for the past 2.5 years and has been involved in every aspect of the mission, from the initial proposal and planning to the trajectory design and crew selection.
“Named in honor of the ship that helped explorers first reach Earth’s Arctic and Antarctic regions, Fram2 will be commanded by Chun Wang, an entrepreneur and adventurer from Malta,” SpaceX announced. “Wang aims to…
Read more on BitcoinMagazine