Day: November 13, 2020

Keep dreaming! Options data suggest $560 Ethereum price won’t happen

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This week Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017.  Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, reviewing options markets data can provide additional relevant insights on market sentiment. Looking at the most recent activity in Bitcoin options, it is clear that some trades occurred on strikes that seemed improbable even for the…

IMCoin (IMC) Flies High | Press release Bitcoin News

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PRESS RELEASE. IMCoin, known as the first Hybridcoin, closes a week with a record price increase in its history reaching a value of 1.83 USD per token. The IMC price is the result of the number of tokens sold divided by the balance of the audited reserve fund, which already has 417 days of history. This week IMC reached a total of 19,028,319 tokens sold and a reserve or underlying fund of $34,777,399. The goal of IMC is to reach the end of the year with a value of 2…

Polychain Now Owns 1.6% of the Yearn.finance (YFI) Supply as Uptrend Holds

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Yearn.finance’s YFI governance token has seen some massive momentum today, with the cryptocurrency’s price rocketing higher as buyers take control of its mid-term trend. The crypto is in the process of trying to break above its crucial near-term resistance, which sits at roughly $18,000. It has made a few breaks above this level, but each time it is met with inflows of selling pressure. Where it trends in the near-term may depend largely on whether or not this level can be easily surmounted in the days and weeks ahead. If…

DoorDash Reports $149M in Losses out of $1.9B Revenue after Releasing S-1 for IPO

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Despite making revenue, the US leading food delivery app Doordash has also suffered a loss of almost $149 million. On Friday, DoorDash filed its IPO prospectus with the Securities and Exchange Commission (SEC). Following the successful filing, the company expects to use the symbol DASH to list its shares on the New York Stock Exchange (NYSE). DoorDash Ahead of Its IPO During the 9 months up to September, DoorDash reported a 200% increase in profit at about $1.9 billion from the $587 million it was last year. However, despite registering…

Binance traders find ‘intelligent’ ways to circumvent US block

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Binance founder and CEO Changpeng Zhao, or CZ, says he needs to do more to block “intelligent” US traders from illegally accessing his global exchange.  In an interview with Bloomberg, CZ said his exchange needs to be “smarter about the way we block” US traders from gaining access to the platform. He said: “Basically, we do continually try to improve our blocking. There are sometimes a few guys who want to circumvent our blocking and still use the platform and we have to come up with a smarter way to protect…

Managing ETH/BTC valuation via risk

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video we discuss the risk of Ethereum against Bitcoin and talk about various entry and exit strategies. This should be a great market cycle for Ethereum, just do not let the greed overcome you! It is important to have a plan. Join the Premium List: Alternative Option: Telegram: Twitter: Discord: Facebook: Reddit: Website: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Goes Above $16k for the First Time in Three Years

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Leading cryptocurrency Bitcoin hit a three-year peak on Thursday with the price surging above $16,000. The surge in price culminated a week in which Bitcoin has massively consolidated its bullish trend towards the $20,000 mark. Bitcoin Surge Continues Despite U.S Elections BTC has been able to navigate a tricky November in which the US elections occurred. There has been uncertainty around the crypto ecosystem amidst the United States Presidential elections. The stance of the president-elect, Joe Biden could bring about inflation and see bitcoin used as a means to wedge inflation. …

Amazon Stock Fractal Is “Anti-FOMO” For Bitcoin

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The recent bullish breakout in Bitcoin has caused a massive wave of FOMO as late to the game buyers attempt to get in before the cryptocurrency takes off to a new all-time high. But one sharp-eyed crypto analyst has spotted a fractal in Amazon’s post-dot-com bubble crash recovery that closely matches the cryptocurrency’s recent price action. If the fractal plays out, and there could be merit behind the expectation thanks to a rare harmonic pattern, a sizable Bitcoin crash could be on the horizon. Amazon Fractal Should Act As “Anti-FOMO”…

Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally

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Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind. The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin, as Cointelegraph previously reported. Various metrics, including Google Trends, have shown lackluster mainstream demand for BTC despite its parabolic rally in recent months. Institutional “FOMO” makes the current BTC rally stronger than previous…

Law Decoded: Of AML and appointees, Nov. 6–13

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In the U.S., all eyes are on Joe Biden’s planned appointees, while Europe is seeing progress under a new AML regime. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note In the United States, as President Donald Trump stonewalls any efforts at transitioning to a new administration, all eyes are on Joe Biden’s potential team and any hints as to candidates for major appointed positions.  Further complicating the set up of a presidential roster is that most presidential…