Day: November 5, 2020

When Crypto’s Most Reliable Sell Signal Fails, The Bitcoin Bull Run Is On

boss

Crypto traders rely on several tools to help predict future Bitcoin price action and trend changes. Few tools have been as reliable over the years as the TD Sequential indicator, created by market timing expert Thomas Demark. The few times this tool has failed on the highest timeframes, Bitcoin has absolutely exploded in the months following. Is this time different and the sell signal its giving will be reliable? Or will this be the last chance to buy Bitcoin below its former all-time high of $20,000? Bitcoin Triggers Rare Sell…

If Ellen DeGeneres Is Canceled, Let’s Take a Hard Look at Kelly Ripa

boss

Kelly Ripa is celebrating her 30th anniversary with the Walt Disney Company. Apparently, we’re supposed to believe she’s brave because she celebrated by eating cake and showing off her “tiny waistline.” Ripa has proven to have a questionable character over the years. Can we please stop giving her attention for doing nothing? Medical workers have risked their lives every day during the pandemic. Essential workers at grocery stores have served us, despite exposing themselves to potentially hundreds of infected shoppers. But Kelly Ripa is the brave one. Why? Because she’s…

CME Bitcoin futures spike during US presidential election

boss

As votes came in on the night of Nov. 3, the day of the U.S. presidential election, Bitcoin’s (BTC) volume soared on the Chicago Mercantile Exchange, or CME.  “Overnight, before 9:00am NYT over 6,700 Bitcoin futures contracts traded (33,500 equivalent Bitcoin), 75% more than what has been observed YTD [year-to-date] and more than double the volume observed since launch,” a CME Group spokesperson told Cointelegraph on Wednesday. 6,700 BTC CME Bitcoin futures contracts traded between 5 PM CST on Nov. 3 and 8 AM CST on Nov. 4. CME Bitcoin…

Wasabi Bitcoin Wallet 2.0 Set to Go Live with Better Privacy 

boss

zkSNACKs, the firm in charge of privacy-centric Bitcoin wallet, Wasabi, has announced that Wasabi Wallet 2.0 will go live in 2021, with a vast array of features, including enhanced privacy, according to a blog post on November 5, 2020. Wasabi 2.0 Loading  Despite upgrading its Bitcoin transaction mixing functionality earlier this year, to offer users better experience zkSNARKs, the creator of Wasabi bitcoin wallet is not relaxing on its oars just yet.  As stated in its blog post, the team is launching Wasabi Wallet 2.0, an upgrade that aims to…

Justice Department files antitrust lawsuit against Visa’s acquisition of Plaid

boss

The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ is arguing is an illegal play to achieve monopoly.  According a complaint filed by the DoJ on Thursday:  “Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business.’ By acquiring Plaid, Visa would eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers.” Modern life involves…

Winds of change carry media to new frontiers

boss

It is no secret that over the course of the last couple of decades, issues related to fake news, substandard fact-checking and rampant censorship have resulted in many mainstream media outlets losing the trust of their viewers and readers.  In this regard, the 2020 Edelman Trust Barometer — a digital tool that serves as an indicator of how people view the media industry in general — shows that 57% of people all over the world believe that they cannot fully trust their news media sources, while 76% believe that false…

Bitcoin Just Set New Post-2017 Highs, and Analysts Expect Further Upside

boss

Bitcoin has been caught within one of the strongest and longest-lasting uptrends seen since late-2017, with the cryptocurrency rallying to highs of $15,300 today while showing few signs of slowing down anytime soon. This uptrend’s intensity comes as the global markets breathe a sigh of relief as the elections in the U.S. begin winding down. Although the results remain unknown, the balance of the House and Senate is widely expected to make the next four years relatively uneventful regardless of who wins the Presidency. The cryptocurrency is now just a…

Blockchain Bites: Bitcoin at $15K, $1B Silk Road Bust

boss

Bitcoin’s price keeps climbing amid election uncertainty. Wasabi Wallet will offer automatic, privacy-preserving CoinJoins in its coming upgrade. A major Russian power provider is entering into a bitcoin mining joint venture. Top shelf $1B BTC forfeitureThe U.S. government is suing for the forfeiture of thousands of bitcoins, totaling more than $1 billion, that it seized on Tuesday. These bitcoins are said by the U.S. Department of Justice to be connected with the Silk Road marketplace. The address holding the bitcoin has laid dormant since 2015, when they were transferred to…

Bitcoin price rally to $15.3K obliterates bears $180M BTC options bet

boss

On Nov. 4, the open interest on Bitcoin options reached a new all-time high. As this occurred, an even more curious case emerged. On Nov. 6, a total of $470 million in open interest is set to expire. This is rather unusual, as usually, monthly and quarterly concentrate the liquidity. At the moment, Deribit holds 75% of the open interest, followed by Bit.com with 13%. Oddly enough, on both exchanges, put options represent 65% of the outstanding notional. This ratio is the exact opposite of the Bitcoin (BTC) options aggregate market for…

Yearn.finance (YFI) Explodes 25% In Three Hours as Short Squeeze Begins

boss

Yearn.finance (YFI) has begun to outperform despite weakness in small-cap altcoins. The leading cryptocurrency has rocketed higher 25% from the daily lows of $7,500 and now trades for $9,500 per coin. In the past 24 hours, YFI has gained 12.5%, outperforming a majority of the crypto-assets in the top 100 by market capitalization. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Yearn.finance (YFI) Explodes Higher YFI’s ongoing move higher seems to be predicated on a short squeeze, on-chain data shows. Crypto-asset analysts have noted that an…