Day: November 17, 2020

Belarus: Belarusbank Unveils Bitcoin Purchase Service, Ether and Litecoin Support to Follow

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A major Belarus bank plans to offer bitcoin (BTC) purchases. Plans to Add Support for Other Cryptocurrencies In an official announcement made today, one of the largest credit institutions in Belarus, Belarusbank stated that it had inked an alliance with OTC broker White Bird to give customers the option to buy bitcoin directly from the bank. Per sources close to the matter, for the time being, purchases will be available through bank cards issued in Belarus and Russia. However, in the future, Belarusbank bank plans to sell digital currencies in…

Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next

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Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. Swift wrote: “1yr HODL % still really high? Yep. Bitcoin being rushed off exchanges? Yep. Funding still neutral? Yep. Institutions still buying? Yep. Cool, See you at $22K in a few weeks when price reaches…

DeFi is here to stay despite signs of a bubble, says Binance CEO

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Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely.” Zhao went on to say that the DeFi industry has…

As Bitcoin Nears $17,000 Levels, Coinbase Website and App Go Down

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On Monday, the Coinbase crypto exchange faced multiple outages as investors rush for Bitcoin gathered steam with BTC price hitting its new 2020-high above $16,800 levels. Bitcoin (BTC) continues to attract more investors as BTC price hit its new 2020-high on Monday, November 16. Yesterday, BTC crossed $16,8000 levels approaching closer to its next milestone of $17,000. While investors were busy buying more Bitcoin, crypto exchange Coinbase apparently crashed. Both, the website and app version were down as investors got the message that the service is “temporarily unavailable”. Later, Coinbase…

🔴LIVE🔴 Episode 400 – Technical Analysis Crypto

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The State Of Crypto – Episode 400 – Technical Analysis Crypto – 11/9/2020 If you would like to review the articles covered during tonight stream, you can find the links below: No news tonight Just Technicals. If you want to send a Tip to the Streamer, please do so at the following link: Support the stream with fiat: Support the stream with cryptocurrency: *Make sure you enter your username otherwise you will show up as an “Anonymous” donor. Cointr.ee: This message will…

Ethereum 2.0 Upgrade Is Only 18% Ready for Launch

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Upon a successful upgrade on the 1st of December, Ethereum would shift from its current proof-of-work design to a proof-of-stake consensus protocol. Ethereum 2.0 upgrade, set to launch on the 1st of December, is just 18% ready. For a successful launch, Ethereum 2.0 would need more than 524,000 ETH by the 24th of November. If the required amount of ETH is not staked before the due date, the project may be delayed again. Already, Ethereum 2.0 has been delayed for nearly a year.  According to Dune Analytics, the amount of ETH…

Top Crypto Fund Galaxy Digital Disclosed Two Big DeFi Investments

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It appears that decentralized finance (DeFi) is back in vogue after a strong 80% correction throughout the past two months. There is a large amount of institutional capital being deployed back into the DeFi space as top coins bounce strongly from their lows. For some context, top coins pertaining to this space have gained massively since the local lows. Yearn.finance’s YFI, AAVE, Synthetix Network Token, and many more have gained 100% in the past two weeks alone. Analysts expect further gains as the fundamentals of this nascent space continue to…

TSLA Stock Jumps 13% After Hours as Tesla Secures Place in S&P 500

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Automobile giant Tesla finally makes its way to the S&P 500 on Monday after reporting five consecutive quarter in profits and becoming the world’s most valued automobile company. The long-awaited story comes to a nice ending as American automobile giant Tesla Inc (NASDAQ: TSLA) secures a place in the country’s coveted S&P 500 index (INDEXSP: .INX). The official announcement came Monday, November 16, as S&P Dow Jones Indices said that the electric carmaker will join the benchmark index before December 21, 2020. Tesla stock jumped 13% in the aftermarket hours…

Bitcoin price will hit $65K as network effect has ‘taken over’ — Mike Novogratz

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Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency. Novogratz on Bitcoin: Network effect has “taken over” Williams had released a poll asking Twitter followers whether or not she should invest in BTC. At press time, the verdict was split, with 47% of the roughly 750,000 responses…

Litecoin Flips Bitcoin Cash in Crypto Rankings With Rally to 9-Month Highs

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Litecoin jumped to nine-month highs early on Tuesday, replacing bitcoin cash as the seventh-largest cryptocurrency by market value. The cryptocurrency rose to $75.77 during the Asian trading hours, a level last seen on Feb.24, according to the CoinDesk 20. Trading down slightly at $74 at press time, litecoin is still up 9% on a 24-hour basis. Litecoin now has a market capitalization of $4.90 billion, higher then bitcoin cash – which underwent a hard fork on Sunday – at $4.67 billion. Once referred to as the silver to bitcoin’s gold,…