Crypto Valley’s companies up 680% in value
A report compiled by a Swiss venture capital company has revealed that the value of the largest fifty firms operating in the country’s famed Crypto Valley has increased by 680% since July 2020. The Top 50 Report, from Zug’s Crypto Valley Venture Capital, or CV VC, found the valley’s 50 largest companies have increased in value from $37.5 billion in July 2020 to $254.9 billion as of March 2021.
Crypto Valley now counts 11 Unicorns
5,184 people are employed in Crypto Valley (+8.5%). The Crypto Valley now counts 11 Unicorns with a valuation of over $1 billion each: Ethereum, Cardano, Polkadot, Aave, Cosmos, Solana, Tezos, Dfinity, Near, Nexo, and Diem (formerly Libra).
- Crypto Valley Journal
Celsius confirms over $10B in digital assets
Celsius, the industry-leading cryptocurrency rewards-earning platform, has announced that it has validated over $10,426,308,071.50 worth of cryptocurrency assets using third-party validation tools. In December 2020, Celsius conducted its first-ever asset verification report using the same method of validation to confirm over $3.3 billion in digital assets based on net transactions as of November 2020 accounting for total customer assets since Celsius's launch.
Swiss region accepting tax payments in cryptocurrency
The Swiss canton of Zug h as started accepting tax payments in cryptocurrency. Citizens and companies based in Zug will be able to pay up to 100,000 CHF (around $111,300) of their taxes in either bitcoin or ether.
- Tanzeel Akhtar, Yahoo News
Tesla's bitcoin gambit already made $1 billion, more than it's 2020 profits from car sales: "Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month…To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020.” - Dan Ives, Analyst (Wedbush)
If you invested $100 in Crypto in 2009,it would be worth $48 Million today
The surge in interest in cryptocurrencies has driven all types of challenges and solutions in generation of the digital money, including a global chip shortage that's even hit China. Early adapters to Bitcoin are doing quite well, with those who would've invested $100 into the cryptocurrency in 2009 would see their initial investment worth over $48 million today.
PayPal's entry into cryptocurrency raises the stakes
PayPal customers will be able to use their crypto to pay at 26 million merchants worldwide with no incremental fees. With a PayPal user base of 340 million, we can assure you that mass adoption is finally here.
- HackerNoon via FinancialNewsMedia.com
72% of US investors plan to invest in DeFi in 2021
Not only are accredited investors capitalizing on Bitcoin and other cryptocurrencies, but they want to expand their portfolio to include DeFi products, too. Despite being bullish about Bitcoin, nearly three-quarters believe recent price heights are creating a bubble that will soon pop.
Venezuela is 10th globally for crypto mining
Venezuela took the 10th place in the crypto mining world rankings compiled by the University of Cambridge with a score of 0.42%. China and the US dominate the list with 65.8% and 7.24%, respectively, followed by Russia (6.90%), Kazakhstan (6.17%), Malaysia (4.33%), Iran (3.82%), Canada (0.82%), Germany (0.56%), and Norway (0.48%). Bitcoin is the most widely-used cryptocurrency by traders in Venezuela.
- Latin American Herald Tribune