1. The price of Bitcoin (BTC) hurtled toward $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind.Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the 24 hours leading up to 4:00 pm UTC on Oct.
2. Crypto lending firm BlockFi has formed a business with New York-based investment management company Neuberger Berman for the development and distribution of crypto products including exchange-traded funds. In an Oct.
3. According to local reports from German business newspaper Handelsblatt, the German state of North Rhine-Westphalia has received a nod from Justice Minister Peter Biesenbach to begin an auction for all the Bitcoin it has confiscated. The auction will be held for a total of 215 Bitcoins, valued at about $13.6 million as of press time, on the official website of the Administration of Justice.
4. Mastercard (NYSE:MA) will now directly support cryptocurrencies, paving way for banks functioning within its ecosystem to offer crypto services to almost 1 billion users and 30 million merchants. Thanks to the integration of digital assets into its products, users and customers of Mastercard will soon be able to spend, store, and use cryptocurrency for various services, including loyalty programs and rewards.
5. Volatility is a complex statistical measure commonly used by traders and investors. Those unfamiliar with it will likely attribute some sort of special standing’ to analysts whenever the term is used.
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