Day: November 19, 2020

Binance Sues Forbes and Two Journalists for Allegations over Tai Chi Document Leak

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One of the world’s largest digital asset exchanges Binance reportedly filed a defamation lawsuit over a “false and misleading” article that allegedly resulted in “millions of dollars” in losses. On Wednesday, Binance Holdings Limited sued Forbes Media LLC and two other journalists for allegedly publishing a defaming article titled title “Leaked ‘Tai Chi’ Document. Michael del Castillo and Jason Brett, the two writers, wrote the article for Forbes that purports to reveals’ Binance’s Elaborate Scheme To Evade Bitcoin Regulators’. According to the October 29th article that appeared on the Fox…

Latest Bitcoin Correction Does Little to Offset Bullish Bias; Is $20K Next?

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Bitcoin is showing signs of continuing its bullish momentum despite a recent sell-off that it experienced after soaring towards $18,500. The flagship cryptocurrency’s latest downside correction has met with an equal resistive buying sentiment near local lows. As a result, its price against the dollar has rebounded on multiple breakdown attempts, creating a structure that appears like a Bull Pennant. Bitcoin forms an upside continuation pattern. Source: BTCUSD on TradingView.com Bitcoin forms an upside continuation pattern. Source: BTCUSD on TradingView.com The Bullish Structure In retrospect, a Bull Pennant is a…

OKEx Update: Bitcoin and Crypto Withdrawals to Resume by Nov. 27th

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Quick take: OKEx users will have unrestricted Bitcoin and Crypto withdrawals on or before November 27th The exchange will also launch loyalty reward campaigns to thank the OKEx community for being patient OKEx’s founder, Star Xu, has been reportedly released by Chinese authorities The value of OKB has rallied by approximately 30% since rumors started circulating of Mr. Xu’s release, erasing all losses of the past one month OKEx users can now breathe a sigh of relief as the exchange has announced that it will resume unrestricted withdrawals of Bitcoin…

Ripple XRP CRYPTO News: FUD | Quick Market Update & Monday Rant

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ripple XRP CRYPTO News: FUD | Quick Market Update & Monday Rant Galgitron’s Blog (Two Must Reads) (Read All) I Moved One of My Retirement Accounts Here Open a Roth IRA to Grow Your Crypto TAX-FREE Link: Promo code: KEVINCAGE Get 1-month FREE (Gold, Silver, & Crypto Are An Intelligent Hedge To This Market) _________________________________________________ Store your Digital Assets Safely Save 50% on Ledger Nano S with Ledger Backup Pack _________________________________________________ Reserve & Create Your Own Crypto Domain Name While It’s Available:…

Bitcoin Suisse to Offer Staking Support From Day One of Eth2 Lauch

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Bitcoin Suisse plans to offer Ethereum (ETH) staking services from day one. Jumping the Eth2 Bandwagon One of the oldest and most reputed crypto service providers in the digital assets space, Bitcoin Suisse recently confirmed that they will be offering ether staking services from the first day of the launch of Eth2. In a statement reported by Trustnodes, the company says: “The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest protocol by market cap will most likely become a reality…

Affirm Files for IPO with SEC Following Improving Growth

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The move by Affirm to debut on the stock exchange through its recently announced IPO comes as one of the many public listings recorded in 2020. San Francisco based Financial Technology company Affirm Holdings Inc has made a move for its Initial Public Offering (IPO) through a filing with the Securities and Exchange Commission (SEC). As reported by TechCrunch, the recent growth in the revenues of the consumer-centric Affirm as well as its slimming losses helps back up the company’s push towards an IPO. Per the company’s financials, Affirm has…

Small Cardano Stake Pool Operators Raise Concerns Parameter Increase

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Fully decentralizing Cardano is the network’s primary objective. But considering all of the factors in play, achieving this is no mean feat. Developers IOHK must take into account things like security, performance, stability, sustainability, and incentivization. Otherwise, the consequences of ill timing could be disastrous for the network. There are 20 parameters that control how Shelley operates. The one most people are familiar with is the “D” parameter. This refers to the ratio of blocks produced by IOHK versus independent stake pool operators (SPOs). Over time, by gradually handing more…

Jeff Bezos Helps Chipper Cash Raise $30M in Series B Funding Round

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According to the CEO of the company, Ham Serunjogi, Chipper Cash has partnered DriveWealth, a US-based services company to provide access to its users starting from those based in Nigeria to purchase U.S stocks. Chipper Cash, an African-based P2P payment service platform currently operating in seven countries, has raised a whopping sum of $30 million backed by the founder of Amazon.com Inc (NASDAQ: AMZN) Jeff Bezos. Chipper Cash has made incredible progress since it emerged in the internet financial scene. The company has plans in place to expand its products…

Quant trader explains why Bitcoin price is going up

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Sam Trabucco, a quant trader at Alameda Research, believes three general factors are pushing up the price of Bitcoin (BTC).  The catalysts are increasing adoption, whales, inflows from other products into Bitcoin and influence from other markets. Alameda Research is a major cryptocurrency firm that trades between $600 million and $1.5 billion a day, trading a variety of cryptocurrencies and derivatives. The weekly price chart of Bitcoin. Source: TradingView.com Overall accumulation and adoption are increasing Throughout the past month, Cointelegraph has continued to report on the trend of whale accumulation. Whale…

Number of new Bitcoin addresses spikes amid growing FOMO

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As Bitcoin (BTC) hit a three-year high on Nov. 18, more people around the world have started moving into the world’s largest cryptocurrency, according to Glassnode data. Glassnode, a major provider of cryptocurrency analytics data, recorded a major spike in the number of new Bitcoin addresses on Nov. 18. According to Glassnode, the number of new BTC addresses registered per hour hit nearly 25,000 addresses for the first time since January 2018 — the month following Bitcoin’s all-time high of $20,000. The spike in new Bitcoin addresses is still quite far…