Day: November 18, 2020

Analyst Who Called March’s V-Shaped Reversal Says Bitcoin Dip Is Inevitable

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Bitcoin has undergone a strong rally over the past few days as the coin has continued to see vast buying interest. The coin pushed as high as $18,500 last evening, though quickly dipped back into the $17,000 region as selling pressure suddenly appeared. There was a vast amount of selling pressure on the order books of top exchanges at $18,500. Analysts believe that a deeper drop for Bitcoin is on the horizon, even as it manages to hold the low $17,000s. Bitcoin should hold $17,100 on a daily basis to…

BITCOIN EXPLODES TO NEW 2020 HIGH, $12,500 NEXT? ALTCOINS WILL MAKE YOU RICH IN 2021! [Here's Why!]

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Electrum Developers Apply Fix After Apple Update Bricks Bitcoin Wallets

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After the most recent Mac update caused major problems for one of Bitcoin’s oldest wallets, its development team has rolled out a fix. Originally raised as an issue on Github, the Big Sur update is bricking MacOS Electrum clients, a Bitcoin software wallet which is a favorite of power users because of its complex tooling and user controls. The Electrum team announced today that a new release fixes the issue. “Currently, the latest release of Big Sur has completely broken Electrum [for Mac devices]. You can’t open the app or…

Analyst Targets Yearn.finance (YFI) Move to $27,000 as Bulls Take Charge

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It has been a wild past few days and weeks for the Yearn.finance governance token. YFI bulls attempted to spark a strong uptrend earlier this week when they surmounted the $18,000 level, as this has long been a macro resistance level for the cryptocurrency. The break above this level was technically significant, which seems to be confirmed by the subsequent rally that sent the crypto surging up towards the mid-$20,000 region. Despite the intense selloff seen yesterday by both Ethereum and Bitcoin, YFI has remained strong and is entering what…

US Senator Cynthia Lummis to Ensure Congress Understands Bitcoin Is a ‘Great Store of Value’

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Bitcoiner Cynthia Lummis has been elected to the U.S. Senate. She has revealed that one of her priorities is to explain to her colleagues in Congress about bitcoin being “a great store of value.” Cynthia Lummis Plans to Convince Congress That Bitcoin Is a Great Store of Value Cynthia Lummis has been elected to represent the state of Wyoming in the U.S. Senate, making history as the first woman to do so. She previously served in the U.S. House of Representatives for eight years as a Wyoming conservative Republican. In…

HODL your horses, Bitcoin options data says $18.5K is not a local top

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Earlier today, Bitcoin (BTC) price peaked at $18,476 after an impressive 35% bull run that appears to have started in early September.  This powerful movement was followed by a correction to $17,000, a natural pullback. This adjustment led some investors to question whether the current formation resembles the $13,850 top formed in July 2019. BTC/USD, July 2019. Source: TradingView Back then, a 30% drop followed a similar-sized rally, and afterwards it took Bitcoin 14 months to regain the $13,850 level. Coincidently, an intense flash crash happened right after that local…

Binance hires Trump lawyer who helped put Gawker Media out of business

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In a lawsuit filed today in the U.S. District Court of New Jersey, Binance alleged that an article published by Forbes was defamatory and caused “millions of dollars” in damages. While there are already questions forming around the merits of the lawsuit, one thing is no longer in doubt: Binance is getting serious. Binance has retained the services of Charles Harder, the attorney best known for representing Hulk Hogan (Terry Gene Bollea) in a suit against Gawker Media. He procured an award of $115 million in compensatory damages and a…

World’s dominant crypto futures market could face regulatory shake-up

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Proposed regulations targeting Hong Kong’s blockchain industry could have far-reaching consequences for the crypto derivatives market, according to new research from Messari.io.  In a report published on Wednesday, researcher Mira Christanto said the Special Administrative Region of Hong Kong, which happens to be the dominant market for crypto futures trading, could be clamping down on unregulated exchanges as part of a broader push for more governance. The researcher cited a recent proposal from the Hong Kong Securities and Futures Commission, or SFC, that would require all crypto businesses to fall…

Deloitte includes BitPay on top 500 tech companies list

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As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s top 500 leading-edge technology outfits, as shown by its Technology Fast 500 list, BitPay announced in a public statement on Wednesday. BitPay sits in 341st position, beating social media powerhouse Pinterest, which holds the 348th spot. “The ranking is compiled based on submitted applications and public company…