Some other factors contributed to the new surge, mainly being the institutional investor’s interest in Bitcoin.
Bitcoin’s gradual rise to mainstream
The digital asset is gaining popularity with the new investors getting more knowledge on the digital asset while contemplating the best time to enter the market. Many companies have Bitcoin as their major investment, firms like MicroStrategy. MicroStrategy is a business intelligence firm that made multiple Bitcoin investments in late 2020, linked to the economic downturn.
The company was able to purchase the asset before it rose significantly. With the price, growth came bigger profits for the firm, which recorded multimillions in profit. Recently, Michael Saylor, the company’s CEO, explained that he organized a virtual conference to educate both institutional and retail investors on Bitcoin.
- Bitcoin’s gradual rise to mainstream
- Apple should create crypto exchange and buy bitcoin says rbc
- The crypto opportunity for Apple
- Bitcoin’s billionaire backer
- RBC Capital market’s reason for Apple’s investment advise
- What was the highest price for Rubic?
- What was the lowest price for Rubic?
- What was the 24 hour trading volume of Rubic?
- Where can Rubic be traded?
Apple should create crypto exchange and buy bitcoin says rbc
Rubic (RBC) News
Rubic Joining Arbitrum Odyssey for Upcoming Large-Scale NFT Drop2022/06/21 – 5:22 Rubic recently announced joining the upcoming NFT drop, Arbitrum Odyssey. The venture also released an official post to encourage users to participate. Arbitrum Odyssey is a high-profile NFT drop event that kicks off at 1:00 pm on June 21st.
The 2-month-long event will enable users to access different Arbitrum projects. In return, users will receive … read more
Rubic Successfully Integrates the Aurora Network!2022/02/08 – 6:39 Rubic has marked the official integration of the Aurora network into their Multi-Chain Protocol. Customers of the Binance Smart Chain, Moonriver, Ethereum, Polygon, Avalanche, Arbitrum networks, Fantom, Harmony, and Solana, will be able to quickly finish swaps with whatever token they want in the Aurora ecosystem as a result of all this.
Storage Has Never Been More Affordable Encrypted storage providers like Opacity are proud to offer uncrackable data vaults to the public, yet some fear that cloud storage ser read more
Rubic and Harmony Partner to Enhance Trading Accessibility2021/07/19 – 7:35 Announcing its strategic partnership with Harmony, Rubic, in a communique, said that it has joined hands with the former to bring extended convenience for the traders and investors. This partnership will enable investors to trade directly on the network of Harmony while using the exchange platform of Rubic. The collaboration will come up with the … read more
Apple Should Consider Entering Cryptocurrency Space, Says RBC Analyst2021/02/13 – 19:09 RBC Capital Markets analyst Mitch Steves told CNBC that Apple should consider creating its own crypto exchange, which could provide billions in return equity.
ThinkMarkets analyst Fawad Razaqzada. “As more and more companies start accepting Bitcoin, this will only lead to further increases in demand in a market which is limited in supply. Therefore, the long-term outlook on Bitcoin remains bullish even if it is starting to look quite expensive in fiat currency terms.”
The crypto opportunity for Apple
The same day as Tesla’s SEC filing, RBC Capital Markets reported that Apple could immediately gain market share by launching a mechanism for buying and selling cryptocurrencies.
A research report from the global investment bank suggested that Apple should create a crypto-exchange within Apple Wallet in order to unlock a multibillion-dollar opportunity.
Apple Should Enter the Cryptocurrency Business Next, Says RBC Capital Analyst Mitch Steves2021/02/09 – 15:00 Mitch Steves, a research analyst at global investment bank RBC Capital Markets, thinks Apple should get into the crypto exchange business. In a new CNBC interview, Steves says that based on other participants in the marketplace, Apple could potentially spend about $500 million on research and development of a crypto exchange to generate tens of. read more
Apple Likely To Start Crypto Trading Facility Soon: RBC Capital Markets2021/02/09 – 6:17 After Tesla’s (NASDAQ: TSLA) announcement of Bitcoin (BTC) purchases on Monday, February 8, all eyes are now on Apple Inc (NASDAQ: AAPL). Industry experts say that the next big announcement is likely to come from the Cupertino-based tech giant.
By doing so, it would attract even more users to the exchange and boost Bitcoin price.
For example, if the firm purchased $5 billion of bitcoin (20-25 days of cash flow), the price of the underlying asset would need to rise by 10% for the firm to fully fund the entire project in the first place. This is a solid value proposition in our view as the business would be funded without diluting any other projects at the firm.
In the past few months, several big companies like PayPal and Tesla have announced their support for Bitcoin by either purchasing it, accepting it, or even allowing customers to exchange it. Apple would immediately gain market share if it were to enter the industry and offer improved security, according to Steves.
Tesla just invested $1.5 billion in Bitcoin on Monday, February 8, pushing Bitcoin price towards $45,000 to a new all-time high.
Apple Pay, its mobile payment and digital wallet service, was introduced in 2014. And in 2019, CEO Tim Cook announced the Apple Card, a digital credit card co-developed with Mastercard and Goldman Sachs.
Bitcoin’s billionaire backer
Tesla’s investment in bitcoin will come as no surprise to those who follow the online musings of the company’s founder and CEO, Elon Musk.
Last month, Musk was credited with a 20pc increase in the price of bitcoin simply because he added ‘#bitcoin’ to his Twitter bio.
The influence the billionaire wields on a platform with 46.2m followers has been linked to previous market impacts.
For projects striving to become interoperable, integrating new blockchains requires extra liquidity, time, resources, and technical maintenance.
Rubic, One-Click Cross-Chain Aggregator allows users to swap more than 15,000 assets between 13 major blockchains, with a simple and intuitive UI.
You can easily swap BNB to QUICK or LINK to CAKE, across chains.
Rubic offers a cross-chain toolkit for crypto projects, enabling cross-chain swaps across 13 blockchains in one transaction, right on their page.
We currently charge a 1$+0,1 commission for all Cross-Chain Swaps, but have plans to decrease it to $1 per transaction in the near future, making swaps more accessible for regular users.
Overall, with our widgets and SDK, we see Rubic as an ultimate Cross-Chain solution for various crypto projects.
Many companies attended the event, showing the rising demand for cryptocurrency investments.
The new Bitcoin investments gradually expand the crypto industry, with BTC’s recent market capitalization. The industry hit $1 trillion in market cap after the surge this year. Some weeks after that came the price correction that shrunk the industry’s cap to $800 million.
Now, normalcy is returning with Bitcoin and Ethereum continually increasing in value.
RBC Capital market’s reason for Apple’s investment advise
The market has several things that ignited the Apple advice regarding the blockchain industry. The body also asked the tech giant to create an exchange where traders could buy and sell cryptocurrency.
Rubic Now Incorporates the Arbitrum Network!2022/02/01 – 6:45 Rubic announced today that the Arbitrum network had been successfully integrated into Rubic’s Multi-Chain Protocol. Consumers of the Moonriver, Solana, Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, and Harmony networks would be able to quickly finish swaps to any token in the Arbitrum eco-system as a result of this. Arbitrum assimilation is the very first … read more
Rubic Enters Into a Collaboration with Swift Finance2021/10/19 – 5:00 Rubic, a renowned Decentralized Finance hub operating on a multi-blockchain structure, has announced its latest collaboration with the Avalanche-based Swift Finance Network.
The proposed partnership will prove advantageous for the involved parties as Swift will launch the Rubic Relay Widget on its official site.
RBC Price Today
Rubic price today is $0.129331 with a 24-hour trading volume of $820,515. RBC price is up 6.8% in the last 24 hours. It has a circulating supply of 110 Million RBC coins and a total supply of 124 Million. If you are looking to buy or sell Rubic, Gate.io is currently the most active exchange.
What was the highest price for Rubic?
Rubic hit an all time high of $0.793213 on Feb 06, 2021 (over 1 year).
What was the lowest price for Rubic?
Rubic had an all time low of $0.003348787438 on Oct 26, 2020 (almost 2 years).
What was the 24 hour trading volume of Rubic?
The 24 hour trading volume of Rubic is $820,515.
Where can Rubic be traded?
You can trade Rubic on Gate.io, BKEX, and PancakeSwap (v2).
The latest research report released by RBC Capital Markets states that Apple has a “clear opportunity” read more
Apple Should Buy Bitcoin, Launch Crypto Exchange, Says RBC2021/02/08 – 16:40 Will the tech giant follow Tesla and MicroStrategy and buy BTC? A major investment bank believes they should—and transform their Wallet app into an exchange, too. read more
Apple Should Follow Tesla’s $1.5B Bitcoin Outlay: RBC Capital Markets2021/02/08 – 14:00 With Tesla plowing about $1.5 billion into Bitcoin (BTC), attention is now shifting to determine which major U.S. tech giant may be the next in line with some commentary already pointing to Apple.