Day: November 18, 2020

Bitcoin Cash ABC up 70% as Sechet releases new client

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Amaury Sechet’s Bitcoin ABC coin is up 70% today as the developer announced a new upgrade for the client software that includes stability-related fixes for both forks of the Bitcoin Cash client. The new release breathes much-needed life into the Bitcoin ABC (BCHA) faction of Bitcoin Cash which was crushed by rival Bitcoin Cash Node (BCHN) in a briefly-lived hash war following the fork on November 15. This led to rumors about its impending demise. According to CoinMarketCap, BCHA opened trading at $11.78. The coin is now trading with substantial volume on…

Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada

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Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin Fund” and it will be open to the general public. Galaxy Digital, which primarily focuses on corporate investors, has since received approval from securities regulators for its preliminary prospectus for an initial public offering (IPO),…

DECISION TIME FOR BITCOIN! DUMP OR PUMP? THESE ARE THE SIGNS! DON'T MISS THIS VIDEO!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io DECISION TIME FOR BITCOIN! DUMP OR PUMP? THESE ARE THE SIGNS! DON’T MISS THIS VIDEO! DISCLAIMER: WISDOM BITES IS NOT A REGISTERED BROKER, ANALYST OR INVESTMENT ADVISOR. THE CONTENT AND INFORMATION PROVIDED BY WISDOM BITES ARE EDUCATIONAL AND SHOULD NOT BE TREATED AS FINANCIAL ADVICE OR INVESTMENT ADVICE. TRADING AND INVESTMENT IN CRYPTO CURRENCIES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT RECOMMENDED FOR ANYONE THAT IS NOT A TRAINED INVESTOR—IT SHALL BE CONDUCTED AT YOUR OWN RISK. IT IS RECOMMENDED THAT…

Yearn.finance (YFI) Explodes $4,000 Higher in An Hour: DeFi Bull Run

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Yearn.finance (YFI) is erupting higher as Bitcoin pushes to new year-to-date highs. The coin is up 20% in the past 24 hours alone, rocketing from under $20,000 to daily highs closer to $25,000. As of this article’s writing, YFI trades for $23,700, as it faced a bit of a correction after peaking at the local highs. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Yearn.finance Erupts Higher Amid DeFi Bull Run What was impressive about this rally is that took place over the span of a…

Comptroller reveals path for crypto companies to become banks

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Acting Comptroller of the Currency Brian Brooks — soon to be confirmed in the role full time — has revealed another way for U.S. crypto custody providers to receive a charter to operate as a federally-approved bank. In a Nov. 17 interview with Forbes, Brooks stated that there are currently three methods for payment companies to become a federally chartered bank. The first option is to apply for a non-depository national bank charter, and the other two are to buy a depository institution or apply for a National Trust Bank…

WHY THIS CRYPTO TOKEN PUMPED 820% IN 5 DAYS [4K]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join CO Pro Trading Insight for as little as $19: Direct Patreon link: Follow me on Twitter for charts and Tweets: Follow me on Facebook: My personal choice for Charting/Technical Analysis Software: My preferred website hosting service [$4/month]: Purchase your hardware wallet now! Ledger: Trezor: My personal favorite trading books: Martin Pring (Technical Analysis): Wiley Trading (Chart Interpretations): Wiley (Technical Analysis – Trading Strategies): McGraw-Hill (Fibonacci Trading): George Soros (The Alchemy of Finance): Jack D. Schwager (Market Wizards): *Crypto Oracle is not…

Tencent Cloud Tech to Support Blockchain Digital Records for Travel Amid COVID-19

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Chinese tech giant Tencent Holdings has partnered with blockchain firm ShareRing to deploy a blockchain-powered digital document and identity management solution to stimulate the travel sector, which has been among the hardest-hit by the COVID-19 pandemic.  Getting back to normalcy The two companies view the blockchain-based platform as a stepping stone towards making the travel and tourism industry get back on its feet. The plan is for the project to be first launched in Southeast Asia, which has had stern travel restrictions amid the coronavirus pandemic. Apart from the blockchain…

Why Bitcoin’s market cap just hit a new record high before the price did

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The latest leg of Bitcoin’s (BTC) recent rally saw its market cap push above $330 billion for the first time ever as prices rallied above $17,750 late Nov. 17. According to CoinGecko, Bitcoin’s previous record capitalization of $329.3 billion was posted on Dec. 16, 2017, amid the market’s all-time high price rally to test $20,000. BTC market cap since 2017: CoinGecko However, the new record for capitalization comes despite the BTC price itself failing to break into new highs. There’s a simple explanation for that for that — Bitcoin’s expanding…

Despite Bullish Factors, Litecoin Suffers Brutal Rejection At Downtrend Resistance

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Litecoin was one of this week’s biggest movers and shakers in crypto, beating even Bitcoin substantially. The bullish impulse took the altcoin to a year-long downtrend line against BTC but unfortunately was rejected hard. With the general consensus being that Litecoin often leads the way for altcoin trends, a further fall against Bitcoin – as analysts have been predicting – could be coming. Litecoin Lights Up Green As The Cheapest Crypto Coin On PayPal Litecoin was left behind this summer’s altcoin season, while Ethereum and DeFi soaked up all of…

Live Altcoin Research & Trade Ideas – Forks, Halvings & Drucks

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Live Altcoin Research & Trade Ideas – Forks, Halvings & Drucks I’m jumping on live to run through what I see as the most likely narratives investors will shift their focus to in the coming weeks. #Bitcoin #Ethereum #Altcoins Join my private community: Trade Stocks, Commodities, Currencies & ETFs: How To Invest In Gold & Silver: How To Get Into USD: How To Buy Bitcoin & Cryptocurrency: 4 Year Super Cycle: Blockchain Explorer Tutorial: MyEtherWallet Tutorial: Ledger Nano X Tutorial: ETH 2.0…