Day: November 23, 2020

Crypto Trading Secrets with the Ambassador of Crypto, Chieh Liu, Founder of Overbit

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Chieh Lu, Founder of Overbit, joins Charlie Shrem on today’s episode of Untold Stories. Chieh Lu and Charlie discuss Overbit, PayPal, Derivatives, Crypto Trading, market sentiment, Bitmex, Regulation, Okex, USDT, Bitcoin, trading communities, crypto exchanges, Forex, stable coins, audits, demo accounts, conversion rates, and the future of crypto exchanges. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Weekly Recap: Bitcoin and Ethereum Enter New Bullish Cycle, But Technicals Spell Trouble

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Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Bitcoin Generates 18.24% in Weekly Returns as Buying Pressure Skyrockets The flagship cryptocurrency has entered a new bullish cycle that seems to be supported by a massive influx of institutional capital into the cryptocurrency industry. As billionaires like Stanley Druckenmiller and Paul Tudor Jones shift towards Bitcoin as a hedge against a weakening US dollar, prices have done nothing but shoot up. The growing uncertainty around the global financial system’s stability…

Ethereum Hits 2.5 Year High on Supply Deficit Woes; More Gains Ahead?

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The cost to purchase one Ethereum (ETH) token surged to its two-year high in the days leading up to its transformation into a proof-of-stake asset. The ETH/USD exchange rate [almost] hit $600 on Monday following a 6.21 percent upside move, its highest level since May 2018. Traders apprehensively increased their bullish bets on the pair after anticipating a supply deficit in the Etherum market. Ethereum 2.0 In retrospect, Ethereum expects to undergo a major network upgrade under the title of Ethereum 2.0. The technical advancement will increase its blockchain’s scalability,…

Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

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A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000. The average level of the “funding rate” across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode. “Rising funding rates have in the past been associated with a larger portion of the market utilizing leverage via perpetuals,” Matthew Dibb, CEO of Stack Funds, told CoinDesk. “If we see continued overleveraging in the derivatives market, bitcoin…

China Evergrande Property Services Unit Plans to Raise $2B in Hong Kong IPO

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According to a filing by Evergrande Group, the shares in the IPO would be priced at HK$8.5 to HK$9.75. On the 23rd of November, China Evergrande Group (HKG: 3333) said that its property services unit plans to secure up to $2.04 billion in an initial public offering (IPO). According to a Reuters report, Evergrande Group may be planning to use the raised funds to improve cash flow at the company. However, Bloomberg said that Evergrande Property Services plans to use 65% of the raised funds for acquisitions and expand its business. Bloomberg added…

ETHEREUM TODAY!!! Ethereum Technical Analysis – ETH – Ethereum Price Prediction – [wow…!]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today, we will be doing an Ethereum technical analysis and look at ethereum today. We are going to do an ethereum price prediction and look at the ethereum news regarding the ETH price today. Hopefully, this ETH price prediction will provide some value to you guys! On my youtube channel you will find content on crypto and cryptocurrencies, such as crypto technical analysis, Bitcoin forecast, Bitcoin news,BTC trading, Ethereum trading and similar cryptocurrency topics. I highly recommend subscribing for more crypto and…

AstraZeneca COVID-19 Vaccine Shows Efficacy of Up to 90% 

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One of the regimens came out with 62% efficacy when administered for one month apart in two full doses. The other dosing regimen came out with an efficacy rate of 90% when administered for at least a month apart with a half dose followed by a full dose. The COVID-19 vaccine being developed by AstraZeneca Plc (LON: AZN) in collaboration with the University of Oxford has appeared to have an efficacy of up to 90%. The last stage of the AstraZeneca vaccine trial was conducted in the UK and Brazil and…

Bitcoin, Ether, and XRP Weekly Market Update November 23, 2020

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The total crypto market cap added $85 billion to its value for the last seven days and now stands at $549 billion. The top 10 currencies are all in green for the same time period with Cardano (ADA) and Litecoin (LTC) leading the pack with 52 and 41 percent of gains respectively. By the time Read MoreRead More. The post by Georgi Hristov appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News Original

Bithumb crypto exchange temporarily closes some offices due to COVID-19

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Bithumb, the largest cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic. According to an official announcement on Nov. 23, Bithumb will be temporarily suspending its offline support center in Gangnam to prevent the spread of COVID-19. Bithumb noted that the number of domestic confirmed cases of the coronavirus disease has increased, causing local authorities to adopt more preventive measures. Bithumb’s support center in Seoul will be closed on Nov. 24 until further notice. In the meantime, Bithumb will operate…

Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan

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The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust. During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company Bitcoinira helps people invest in cryptocurrencies like BTC, BCH, ETH, and LTC with the firm’s cryptocurrency-focused retirement…