Day: November 20, 2020

'Bitcoin consolideert onder $16.000 weerstand. Bullish of bearish uitbraak in de maak?'

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Magazine NL voorziet je van de laatste technische analyses en interviews met key players in de cryptowereld. Dit doen we met verschillende rubrieken: In Koerskijken neemt John van Meer, ook wel bekend als de Bitcoin Consulant, de koers van Bitcoin (BTC) met je door. In de Technische Analyse geeft hij inzichten in de prijs van de grootste cryptomunt en geeft hij jou houvast om te traden. Kijk voor meer informatie over John van Meer en zijn analyses op Ga naar om…

SushiSwap’s SUSHI Continues Ascent, Rallies 10% on $1B in Deposits

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SushiSwap has once again taken center stage in the decentralized finance (DeFi) space. The decentralized exchange’s liquidity has seen an exponential explosion over recent days while the SUSHI token itself has gained 200% from the local lows set just weeks ago. SushiSwap has had a bit of a storied history. It was launched as a fork of the Uniswap exchange just months ago, managing to beat Uniswap temporarily, then dropped into the shadows for a few weeks due to the initial controversy around the Nomi Chef situation. SUSHI seems poised…

Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

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Libel laws and new faces at the U.S. securities regulator lead the week’s news. Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play.  Meanwhile, the technology advances at a mind-boggling rate, and there are still enough outrageous scams, absurd tomfoolery and indeed general skulduggery to keep everything from getting dull. Speaking of skulduggery, I will begin this…

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

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As bitcoin continues surging toward record highs, bitcoin mining companies ride its coattails.  Shares of the publicly traded bitcoin mining company Riot Blockchain rose 50% this week, trading hands just below $6.00 at week’s end. Bitcoin gained nearly 17% over the same period.  Riot shares surged even higher in early hours Friday, reaching $6.60, a level not seen since early September 2018.  CoinDesk reported that the Castle Rock, Colo.-based firm posted its lowest per share loss in Q3 since the company fully deployed its cryptocurrency mining infrastructure, over two years…

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping Two-Year Highs

boss

As bitcoin continues surging toward record highs, bitcoin mining companies ride its coattails.  Publicly traded bitcoin mining company Riot Blockchain rose 50% this week, trading hands just below $6.00 at week’s end. Bitcoin gained nearly 17% over the same period.  Shares of the Castle Rock, Colo.-based firm surged even higher in early hours Friday, reaching $6.60, a level not seen since early September 2018.  CoinDesk reported that Riot posted its lowest per share loss in Q3 since the company fully deployed its cryptocurrency mining infrastructure, over two years ago.  Public…

4 reasons why Bitcoin price is on the verge of a new all-time high

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Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons. The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach. BTC/USD 4-hour chart. Source: TradingView.com Bitcoin is seeing reduced sell pressure For Bitcoin holders to sell, they need to first deposit BTC…

Poloniex exchange goes down on the brink of new Bitcoin all-time high

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With a new all-time price high in sight for Bitcoin, crypto exchange Poloniex recently went offline. “Poloniex is currently unavailable due to an unexpected issue,” the exchange’s customer support Twitter page said on Friday. “We are investigating the issue and will keep you updated here throughout.” Bitcoin has yielded exuberant upward price action in recent weeks, as well as catching growing attention. When traffic becomes dense on exchanges, their systems sometimes go down, locking out traders. This has happened with other exchanges in the past as well, including BitMEX and Coinbase.…

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

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PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.  In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. PayPal’s new crypto service is “already having a huge impact,” Pantera claims, adding that the payment merchant is snatching up roughly 70% of all the new BTC in circulation. Citing itBit data, Pantera claims: “When PayPal…

Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B

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The price of bitcoin hit new 2020 highs as the “alternative to gold” narrative increases. Meanwhile, smaller crypto tokens might be helping push DeFi to new heights. Bitcoin (BTC) trading around $18,638 as of 21:00 UTC (4 p.m. ET). Gaining 3.5% over the previous 24 hours. Bitcoin’s 24-hour range: $17,723-$18,813 (CoinDesk 20) BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Nov. 18.Source: TradingView Bitcoin’s price made gains Friday, going as high as $18,813, according to CoinDesk 20 data. The…