Day: November 4, 2020

Chainlink Shows Signs of Weakness, But Development Activity is Bullish

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Chainlink has been showing signs of weakness throughout the past few days, but this trend may be shifting as the cryptocurrency rebounds today alongside Ethereum and other major altcoins. The introduction of Ethereum 2.0 – with a scheduled release in December – is the event that is driving this rally. There’s a strong possibility that ETH’s ongoing break above $400 could mark a shift in the aggregated altcoin market. This shift could work in Chainlink’s favor, although the cryptocurrency has a way to go before it can erase the losses…

Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin

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A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system. Bitcoiner Wins Senate Election Republican candidate Cynthia Lummis has been running to fill the seat of Senator Mike Enzi (R). Lummis, who served as a Wyoming conservative Republican in the U.S. House of Representatives for eight years, will become the first woman to represent…

Seven Celebrities That Allegedly Use and Invest in Cryptocurrencies Daily – Blockchain News, Opinion, TV and Jobs

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If you thought that the “cryptocurrency world” was only limited by nerds, then let us open your eyes with this list. To our surprise, we have found more than 100 celebrities that use and invest in cryptocurrencies  They have diverse reasons for it, but something that all of them have in common is that they don´t have any regrets, in fact, they are happy with the results after they started to use cryptos, they enjoy the freedom and security that blockchain offers them in general Apparently, the actor not only…

Market Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTD

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Bitcoin is making gains during the U.S. presidential election uncertainty while Ethereum’s gas data is highlighting a DeFi decline. Bitcoin (BTC) trading around $14,061 as of 21:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $13,545-$14,232 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 2. Bitcoin’s price made gains Wednesday, hitting as high as $14,232 around 17:00 UTC (12 p.m. UTC), according to CoinDesk 20 data, after a brief dip in earlier…

Bitcoin Hits $14.2K after Biden Clinches Swing-State Votes

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Bitcoin surged Wednesday towards its best level in the last three years, led by the prospects of Joe Biden winning the ongoing US presidential election. The Democratic contender won the critical swing state of Wisconsin in the afternoon hours of the US trading session. His lead became critically important after Donald Trump logged a narrow win in other battleground states, including Texas, Florida, and Ohio. So far, the outcome remained uncertain as other crucial states like Georgia, Michigan, and Pennsylvania continued to count votes. The latest readings showed that Mr. Biden…

Record $2.9B Bitcoin options open interest follows BTC rally to $14,259

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The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $2.9 billion. Interestingly, this feat happened only five days after the October expiry, which liquidated $400 million worth of options. Bitcoin options total open interest. Source: Skew Over the past six months, the options market has grown three-fold, causing investors to grow more curious about the potential impact upcoming expiries will have on Bitcoin price. Monthly BTC transaction volume (USD). Source: Digital Assets Data Data from Cointelegraph and Digital Assets Data also show that monthly…

Dutch Central Bank Registers First Cryptocurrency Provider Amdax B.V. — Under European Guideline AMLD5 – Blockchain News, Opinion, TV and Jobs

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Based in the heart of the Netherlands financial world, Amsterdam-based Amdax B.V. has been given a green light and officially registered by De Nederlandsche Bank (DNB) as the first provider of cryptocurrency services in the Netherlands. The registration will allow AMDAX to process crypto transactions and store cryptocurrencies. The Dutch government has been somewhat bullish on cryptocurrencies and since May 21st, 2020, it’s applying new legislation related to cryptocurrency, based on European guideline AMLD5. Starting at 2.5 BTC, AMDAX supports retail and professional traders and businesses with a portfolio for…

Bitfury forms MaaS partnership to upgrade $35M Norway data center

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Crypto mining firm Bitfury has formed a partnership with a private equity firm allowing it to upgrade its existing $35 million blockchain infrastructure in Norway. According to a Nov. 2 announcement from the Luxembourg-based LIAN Group, the firm has launched crypto mining as a service, or MaaS, by partnering with Bitfury. As part of the arrangement, the LIAN Group will contribute to a full upgrade of Bitfury’s existing blockchain infrastructure, consisting of a large data center in Norway. Bitfury opened crypto mining operations near the town of Mo i Rana…

Yearn.finance’s YFI Could See a Short Squeeze to $14,000

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Yearn.finance’s YFI token has continued its descent, breaking below $9,000 as sellers stay in full control of its near-term outlook and continue erasing the gains it incurred as a result of its recent parabolic rally. This weakness has come about due to many factors, including a fragmented community, low yields on the ecosystem’s products, and the founder’s focus on new tokens he is working on. This weakness has also come about in the face of a somewhat bullish governance proposal that redirects the ecosystem’s income away from staking rewards and…

Price analysis 11/4: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

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After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level. Today Bitcoin (BTC) price briefly pushed through the $14,100 resistance to achieve a new 2020 high at $14,259 before pulling back to retest $14,100 as support.  Although this level represents a critical resistance, data suggests that Bitcoin whales are not closing their positions in a hurry as they expect the current rally to continue. This strong show of confidence is occurring even as…