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Are sceptics wrong at panning Bitcoin that hit a record $24,000 high? Filed on December 20, 2020 Bitcoin trading is likely to hit $25,000 or more in the coming weeks. — Reuters Dizzying rally spurs the world’s largest cryptocurrency to surge over 300% in a year Bitcoin hit an all-time high at noon on Saturday, surpassing $24,000 briefly, in its dizzying rally that has seen it surging more than 300 per cent in one year. On December 20, 2019, the world’s largest cryptocurrency had traded at $7180.37. On Saturday, bitcoin reached $24,122.67 before falling back to $23,978.86 -- up ...

Austria based Digital Asset Exchange Bitpanda to Hire 300 New Workers and Establish Hub in Poland Austria-based digital asset exchange Bitpanda has announced that it will be allocating €10 million in capital toward the development of a technology and innovation hub based in Poland, which will employ 300 additional staff members. Based in Krakow, the new hub is expected to effectively double Bitpanda‘s workforce, which presently stands at around 280 employees working from the firm’s offices in Vienna. The new unit will be managed by Bitpanda CTO Christian Trummer and will focus on addi...

Bitcoin later pared back its gains slightly, trading over 9% higher at about $22,787 by 7:30 a.m. ET. Crypto bulls have pointed to increased demand from institutional investors, pitching bitcoin as a hedge against inflation like gold amid unprecedented U.S. coronavirus stimulus. A recent JPMorgan note claimed such investor appetite would boost inflows into funds tracking bitcoin to the detriment of gold. On Tuesday, U.K. asset manager Ruffer revealed it had around 2.5% of its portfolio invested in bitcoin "as a small but potent insurance policy against the continuing devaluation of the world...

BitPanda Pledges $12 Million for New Tech Ecosystem in Poland  Last Updated: 17 December 2020 The crypto space is seeing unprecedented growth across the board. While assets are doing well, companies in the industry are also working on expanding their influence. BitPanda, the Australian-based trading and brokerage platform, recently announced a tech and innovation fund for Poland. Possible Expansion Into Poland  On Wednesday, Polish news source Money.pl reported that BitPanda had committed €10 million (about $12 million) for an innovation and technology hub in Krakow,...