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Bitcoin’s price jump has inched its market capitalization closer to that of gold — some 6.8% as of January 8, according to data collected by The Block Research.

The post Bitcoin’s market capitalization is nearly 7% that of gold, according to one estimate appeared first on The Block.

Quick Take

• An increase in regulatory and compliance mandates for the industry will continue to make data & analytics companies more attractive
• Dating back since 2016, there’s been a total of roughly $460.7 million in M&A volume across 26 transactions
• Crypto tax software companies will likely be desirable to exchanges, external players looking to enter the market, or even brokerages that want to add to their product suite

Her Majesty’s (HM) Treasury, the U.K.’s finance ministry, has opened a consultation on regulating crypto-assets and stablecoins to support innovation and protect consumers.

The post UK’s finance ministry opens consultation on regulating crypto and stablecoins appeared first on The Block.