Ethereum News by Thebittimes.Com

After overtaking silver and Saudi Aramco – once a strong contender for the world’s biggest company – in terms of its market capitalization in late 2024 and experiencing a powerful rally in mid-January, Bitcoin (BTC) appears poised for a march toward new and unprecedented highs. BTC 12-month price target. Source: Finbold Still, despite many estimating that such a development is inevitable, BTC has a long way to go before turning the world’s biggest cryptocurrency into the world’s biggest asset.  Specifically, Bitcoin would have to see its valuation rise above that of gold, meaning it would have to grow above a staggering $18.444 trillion. Picks for you XRP or XLM? We asked AI which is a better buy now that 2025 started 17 mins ago ...

CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity. The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous rounds, according to a Dec. 7 Bloomberg report. Blockstream was valued at $3.2 billion when it held its last Series B funding round raising $210 million in August 2021. Today that valuation may have fallen almost 70% to below $1 billion according to the report. The company, founded in 2014, has raised a total of $299 million in funding over four rounds, according to CrunchBase. Blockstream CEO and cryptographer Adam Back did not share details of the latest funding round but did reveal that the capital will be invested into expanding the firm’s mining capacity. “We rapidly sold out all of the capacity and have a big backlog of existing and new customers with miners seeking large...