▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io bitcoin has begun sweeping the globe yet again. Are we at the point where another bull cycle has finally begun? Entities from all walks of life are seemingly getting their share of the limited supply king of the cryptocurrency market. In this video; you’ll learn how to do so too. #bitcoin #cryptocurrency ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Day: November 19, 2020
Thai music festival to use its own token for a cashless event
Despite the ongoing COVID-19 pandemic, some global events have chosen to move forward as planned. Instead of canceling, they are working to limit close contact between attendees through the introduction of new technologies. One such solution involves a cashless payment system powered by blockchain. Mystic Valley, one the largest music festivals in Thailand, will be issuing its own token for cashless payments during its upcoming three-day event. According to a Thursday announcement, Mystic Valley organizers partnered with local cryptocurrency exchange Bitazza and blockchain startup Fuse.io to mint its own crypto…
New Bitcoin Institutional Rally? Why BTC Just Blasted Past $18k Again
The price of Bitcoin surged past $18,000 once again, marking a sharp recovery from its earlier intraday drop to around $17,355. Behind the ongoing rally is a noticeable spike in the open interest of CME and other major futures exchanges. The 15-minute price chart of Bitcoin. Source: BTCUSD on TradingView.com The open interest of the CME Bitcoin futures market surged past $1 billion on November 18. This comes after an increase in the number of billionaires and large financial institutions publicly supporting or investing in BTC. CME #bitcoin futures just…
Bitcoin rebounds to $18K after crucial support level holds — What’s next?
Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 — a rally of 75% in less than three months. What’s more, since March, BTC/USD has gained almost 400%, making it the best-performing asset of 2020 and likely catching many investors completely by surprise. Let’s take a look at the charts to see whether the current rally is sustainable and if a reversal should be expected in the near term. Bitcoin hits 1.618 Fibonacci and may find a top soon BTC/USDT 1-week…
Advantages and disadvantages of Cryptocurrency in 2020
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Advantages and disadvantages of Cryptocurrency in 2020 Credits to source: Some images here are edited and for education purposes only. No intention to own any; full credits to the owners. Fair Use: Copyright Disclaimer under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. ▶ Coinbase Website: Coinbase.com ▶ CEX Website:…
Blockchain World Prepares for Polkadot Decoded
One of the blockchain space’s runaway successes of 2020, Polkadot is about to host its first community gathering since launching in August, when it immediately slotted into the crypto market cap top ten. Polkadot Decoded is a live event set to go ahead on December 3, where some of the network’s core developers will deliver a program of talks aimed at educating and enlightening viewers on Polkadot’s main functions. With Polkadot boldly setting itself up as a rival to Ethereum, the free event, which will be closed out by Polkadot…
QiSwap to Launch Mainnet, Partners with Qtum to Bolster DeFi Offerings
The debut of QiSwap, its current partnership with Qtum, and its proposed future alliances may serve as one of the game-changers of the DeFi ecosystem. Emerging decentralized protocol QiSwap is set to launch its mainnet, three months after its public testnet went live. According to a press release shared with Coinspeaker, QiSwap has partnered with the Qtum blockchain to bolster its decentralized finance offerings, through Automated Market Maker (AMM) algorithm. According to the release shared, the Qtum blockchain with its business-friendly smart contracts will seek more flexible DeFi offerings by…
DeFi is coming to Qtum on Friday
Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase. Qtum indicated in a recent press release that the integration of QiSwap has moved the platform “one step closer to realizing its decentralized finance ambitions.” The launch of the QiSwap mainnet on Friday will allow anyone to build decentralized finance applications and provide liquidity on top of the Qtum blockchain. QiSwap is a decentralized exchange that provides liquidity for the Qtum cryptocurrency and other native assets, dubbed…
Gemini Exchange Is Using ClearBank for UK Banking Services
Gemini announced it was expanding into the United Kingdom in late September. Source
New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also need to inform the exchange officials of the kind of wallet they use. Additional Requirements The new Dutch regulatory changes have gone into effect despite protestations by some of the country’s crypto exchanges. The Dutch Central Bank (DNB), which is enforcing the new…