Day: November 21, 2020

OKEx’s Founder Released, Withdrawals & Other Services to Resume on Exchange

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Good news for all OKEx users as the crypto exchange seems to have been granted temporary reprieve from the legal developments that have played out over the last two weeks. Following news of the release of OKEx’s founder, the exchange platform intends to resume withdrawal and other functions on November 27, a week from now. This means users will finally regain full access to their assets after the exchange suspended several functions on October 16. “Presently, one of OKEx’s private key holders has completed assisting the authorities in a previously…

US-Based Firm Launches Company-Sponsored Bitcoin Retirement Plans

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Another day of bullish market, another bitcoin (BTC) first in the world. DAiM Unveils BTC-Based Employer-Sponsored 401k Retirement Plans In yet another development showcasing the steady adoption of the premier cryptocurrency, US-based asset management firm DAiM recently announced the launch of the country’s first employer-sponsored retirement plans that support BTC investments. According to the official press release, DAiM will function as the advisor and fiduciary in helping companies “create a 401(k) plan that offers several recommended model portfolios of varying risk to traditional assets and allocation of up to 10%…

3 Reasons Why Analysts Think Bitcoin Will Move Higher After Rally to $18,800

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Bitcoin is exploding higher despite fears that it would see a strong drawdown toward the $14,000-15,000 region. The coin currently trades for $18,800, which is a new year-to-date high and multi-year highs. The coin is up 6% in the past 24 hours as buyers continue to flood in. Here are three reasons why the cryptocurrency could continue to rocket higher in the weeks ahead. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom #1: Bitcoin is Getting Further Wall Street Support First and foremost, Bitcoin is getting…

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Ethereum Shatters Critical Resistance as Top Holders Start Accumulating

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Ethereum has seen some incredibly strong price action throughout the past few days and weeks, with buyers taking full control of its price action as they hold it above $500 for an extended period of time. The selling pressure seen here has proven to be quite significant, as its rally has halted in its tracks as sellers move to force it below this key level. That being said, where it trends in the mid-term may depend largely on whether or not it can post a weekly candle close above this…