Day: November 19, 2020

Analysts Expect Bitcoin to Continue Rally After Recovering to $18k

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Bitcoin faced a strong drop two evenings ago when it fell from $18,500 to $17,500 in the span of minutes. But true to the volatility of the market, the cryptocurrency has quickly bounced back. As of this article’s writing, the price of BTC sits slightly above the key $18,000 resistance, though was as high as $18,200 just hours ago. Analysts think that Bitcoin will continue its ascent as it manages to hold the low-$17,000s as support. The low-$17,000s are of importance on a technical level to Bitcoin because these levels…

'Bitcoin is Hedge'; Cred Crypto Goes Under, Users Worried; Digital Dollar INFLATION?

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Chainlink Must Shatter One Key Resistance Level or Face a Plunge to $7.50

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Chainlink’s price action has been closely following Ethereum’s as of late, but it is beginning to break free of this correlation and gain some independent momentum. This comes as the wider crypto market continues its ascent, with altcoins surging as Bitcoin consolidates around $18,000. It does appear that there is an ongoing rotation of capital away from BTC and even Ethereum and towards smaller tokens that have a higher risk and higher upside potential. This has benefited Chainlink, with the LINK token surging towards a crucial resistance level as analysts…

SEC gives OK to social media platform to issue stablecoin without registering as a security

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The U.S. Securities and Exchange Commission, or SEC, has issued a rare no-action letter in response to a request from a blockchain-backed platform over the issuance of a digital asset. The SEC letter issued on Nov. 19 says that its Division of Corporation Finance would “not recommend enforcement action” against avatar social platform IMVU issuing its VCOIN digital asset under certain conditions. The commission will allow the firm to offer the token without registering it as a security. Crypto firms issuing their own tokens often have to abide by the…

Rachid Ajaja, CEO & Founder of AllianceBlock, Decentralized Capital Markets | Blockchain Interviews

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ashton Addison interviews Rachid Ajaja of ALlianceBlock, the world’s first globally compliant decentralized capital market. Rachid discusses the Blockchain-agnostic layer 2 that bridges traditional and decentralized finance. We also discuss cross border payment solutions with AllianceBlock’s global compliance system and the ANA AllianceBlock token. Learn more: This interview is also available on Reuters Insider financial network: 🚀Learn more on EventChain SmartTickets Bitcoin Trading at ByBit Exchange: 10% off the Best Crypto Portfolio Tracker: Get Buy and Sell Signal Indicators built into your…

DeFi tokens make triple-digit gains as Bitcoin price searches for support

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Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789.  While this battle takes place and the bulk of crypto and mainstream finance outlets focus on Bitcoin price, a number of less-loved crypto assets are producing generous returns for investors. DeFi Assets Index. Source: Messari As shown by Messari’s DeFi assets index, many of the top tokens are providing hefty double-digit gains. Within the last 7…

Ripple’s Brad Garlinghouse wants bitcoin to succeed after all

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Ripple CEO Brad Garlinghouse may be a critic of Bitcoin (BTC), but he still wants the original cryptocurrency to succeed in the long run.  Appearing on a Nov. 19 episode of Fortune’s “Brainstorm” podcast, Garlinghouse reportedly said Bitcoin is not competing with Ripple and that he continues to hold the number one cryptocurrency: “I don’t view what Ripple is doing as somehow competitive with Bitcoin. I want Bitcoin to be successful.” He implied that, during the next bull market, a bitcoin rally bodes well for other cryptocurrencies. Bitcoin has a…

MyEtherWallet founder weighs in on the most crypto-friendly country

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With nations around the world each holding significantly different regulations, what is the most crypto-friendly country? Kosala Hemachandra, CEO and founder of MyEtherWallet, labeled the query as a tough one.  “First we have to define what crypto-friendly means,” Hemachandra told Cointelegraph. “Some countries, like China, are looking at issuing government digital currencies, which would encourage swift adoption, but is not faithful to the decentralized spirit of crypto.” China has proven itself as one of the less-crypto-friendly countries throughout the years, seen in various restrictions and bans. Throughout 2020, China has…

Market Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi Declines

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Bitcoin steadied around $18,000 after record volumes on Wednesday while Ethereum 2.0 may be causing some investors to move ether out of decentralized finance (DeFi). Bitcoin (BTC) trading around $18,026 as of 21:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $17,364-$18,170 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 17.Source: TradingView Bitcoin’s price rise stalled somewhat Thursday, with the world’s oldest cryptocurrency hitting as high as $18,170 before dipping below the…