Yearn.finance’s YFI token is trading up significantly today, with bulls aiming at providing the cryptocurrency with a strong foothold within the lower-$20,000 region. Where the aggregated crypto market trends in the near-term will likely depend on Bitcoin and Ethereum, with the strength seen by these two digital assets helping to provide the DeFi sector with serious momentum over the past few days and weeks. YFI’s immense momentum throughout the past few days and weeks has created a tailwind for the broader altcoin market, but it is now pushing up against…
Day: November 17, 2020
CME Sees Record High Open Interest for Bitcoin Futures on Wave of Institutional Inflows
Open interest surged to $976 million Monday. Original
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ConsenSys Acquires Blockchain Developer Toolmaker Truffle Suite
ConsenSys is adding dapp development platform Truffle Suite back to its lineup of Ethereum tools. ConsenSys Chief Strategy Officer Simon Morris said Tuesday the Ethereum-focused firm has acquired the team and technology behind Truffle. The acquisition represents a reunion of sorts. Truffle originated within ConsenSys in 2015 but spun out in 2019 to amass $3 million in an equity sale. Terms of the ConsenSys reintegration were not disclosed. “As the most popular Ethereum development framework, it is a natural fit for Truffle to be part of the ConsenSys product stack,”…
HODL Fomo: Why This Bitcoin Bull Market Will Be Different
As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up. Our main discussion: HODL FOMO vs. Speculative FOMO. The 2017-2018 bull run was driven by ICO mania and a relentless get-richism that was nothing if not short-term. As bitcoin passes $17,000 and questions of looming all-time highs start to make their way into mainstream press, it is a very new set of actors and a new set of thinking that is driving this movement. Original
Trader Offers Bearish Bitcoin Scenario, Leaving No CME Gaps Left Unfilled
Bitcoin is incredibly bullish, now trading only $2,000 away from setting a new all-time high. The momentum has caused the crypto community to erupt in chatter regarding prices of $100,000 or more in just a year’s time. But before this happens, one ultra-bearish trader believes there’s a chance the cryptocurrency could retest its bear market bottom, and potentially fill all remaining gaps left on CME BTC Futures price charts. Is this trader in disbelief, or is there validity to their theory? Bearish On Bitcoin: One Crypto Traders Expects A Full…
Why traders think a Bitcoin ‘blow-off top’ will occur above $18,000
Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you’re a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward climb. In recent weeks, BTC has continuously surged higher without prolonged consolidation periods or any major dips. BTC/USD daily chart. Source: TradingView.com The chances of a blow-off top is increasing A pseudonymous trader known as “Squeeze”…
High Grade Gold, Cobalt, Nickel and Copper – MacDonald Mines (TSX.V: BMK)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Macdonald Mines had us out on site again this year to discuss the company’s current exploration program. While the main focus has been on the Scadding mine site, the company has been very active in other areas of the SPJ project. This year we opted to do our interview at the Brady showing, which was what ultimately led BMK to the area and kicked off what has become a significant area play just outside of Sudbury, Ontario. Time stamps 0:00 – 0:19…
Game of Thrones Star Maisie Williams Wants to Know if She Should Buy Bitcoin
Game of Thrones and The New Mutants actress Maisie Williams has started a poll on Twitter seeking opinions on whether she should invest in bitcoin. Among those who replied was Spacex and Tesla CEO Elon Musk who wrote: “Toss a bitcoin to your Witcher.” Should Maisie Williams Go Long on Bitcoin? As the price of bitcoin continues to surge, the cryptocurrency has attracted the attention of not only institutional investors but also celebrities. One of the latest is Maisie Williams, a 23-year-old English actress with 29 acting credits, according to…
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