Day: October 21, 2020

Bitcoin trader shares 7 reasons to be bullish on BTC beyond $12K

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Bitcoin (BTC) abandoning correlation with traditional markets will be its “biggest story” if it continues, one popular analyst says. In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner: Decoupling will be crypto’s “biggest story” Garner retweeted a chart of Bitcoin, gold, the S&P 500 and Ether (ETH), which shows Bitcoin striking out on its own, delivering positive returns while other assets floundered. The chart originated from Eric Wall, CIO of crypto hedge fund Arcane Assets, who described the trend as…

Blog: Simplifying subject access requests – new detailed SARs guidance

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21 October 2020 The right of access is a fundamental right under data protection law. And it has never been more necessary. In a world where personal data is used almost everywhere – by everyone – it’s vital that people have the right to be able to find out what’s happening to their information. More and more people are waking up to the power of their personal data, and are exercising their rights. That’s why, as an organisation, it’s important that you know how to deal with a subject access…

Tether Still Dominates Stablecoins, but USDC and Dai Are Winning DeFi

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While tether (USDT), with a market cap surpassing $16 billion, continues to hold the lion’s share of stablecoins in circulation, two smaller rivals are trouncing it in crypto’s hottest market this year, decentralized finance (DeFi).   Measured by the total value locked in six of the most popular DeFi protocols – Compound, Maker, Uniswap, Curve, Aave and Balancer – USD coin (USDC) is in the lead among stablecoins followed by dai (DAI), the native stablecoin to MakerDAO. That’s according to data compiled by Flipside Crypto as of Oct. 19.  USDC and…

Ant Group Gets Chinese Approval for HK IPO

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Ant Group is expected to hold its IPO in Hong Kong, however, the details are still unclear. Ant Group, an Alibaba affiliate and the company behind China’s largest digital payment platform Alipay, has received a green light to raise capital through an IPO on the Hong Kong stock exchange from the Chinese regulators, according to news outlet CNBC. The negotiations on IPO was passed on Monday although the details are not fully known. Forward, the company needs to file a registration with the Chinese regulators before proceeding with a roadshow…

Hackers Donate Bitcoin From Ransomware Attacks to Charities

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A group of hackers has donated some of the bitcoin it extorted via ransomware attacks to charities, claiming that it wants to “make the world a better place.” However, the law says donations from ill-gotten gains must be rejected but charities have no way of returning donated bitcoin to the hackers. Hackers Donate Bitcoin to Charities A group of hackers known as “Darkside” has surprised the world by donating a portion of the proceeds from ransomware attacks to two charities, the BBC reported Monday, adding that the group is relatively…

Bitcoin Price Jumped 4% to $12K Despite Most Altcoins Lagging Behind

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Bitcoin price has performed rather well during the pandemic in comparison to the Dow Jones that was down 0.80% year to date. Against all odds, Bitcoin price jumped over 4% on Tuesday to trade comfortably above $12K while many altcoins are in red. At the time of writing, the asset was trading around $12,269.29. Notably, Bitcoin price has now retested the $12K resistance level again after it was unable to push beyond it in August. With the asset being closely watched by high-value institutional investors, analysts and more retail investors,…

OKEx, BitMEX, & More: Are BTC Hodlers Losing Trust in Crypto Exchanges?

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  Earlier this week, data from Glassnode showed that the amount of BTC that was being kept on cryptocurrency exchanges was at its lowest point in months. The total number of Bitcoins on exchanges has been steadily declining since March 12th and 13th, when the most famous crypto market crash of the year took place. Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awards Indeed, during those two days, the price of Bitcoin swiftly fell from over $9,000 to nearly $4,000.…

Bitcoin Addresses in Profit hit new ATH of 30.4M as BTC Reclaims $12k

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Summary: Bitcoin has comfortably broken the $12k ceiling With this move, BTC addresses in profit have hit a new all-time high of 30.4 Million It is still too early to comfortably declare that $12k is a new support zone for Bitcoin Timothy Peterson had forecasted that by November 30th, Bitcoin will be at $12k or above  $12k could very well be a new battlezone for Bitcoin similar to $10k in September A few hours ago, Bitcoin (BTC) broke through the $12,000 ceiling and posted a local peak of $12,313 –…

Cardano (ADA) Needs To Clear $0.11 For Hopes of a Fresh Rally

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Cardano’s price is holding the $0.1000 support level and recovering higher. However, ADA must surpass $0.1085 and $0.1100 to start a fresh rally in the near term. ADA is facing a strong resistance near $0.1065 and $0.1085 against the US dollar. The price is trading nicely above the $0.1000 support and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1100 on the 4-hours chart of the ADA/USD pair (data source from Bitfinex). The pair is likely to start a fresh rally…