Day: November 23, 2020

Bitcoin Bull Run to Start in January 2021, PlanB Expects BTC Price to Hit $100K in One Year

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Based on his stock-to-flow (S2F) model, PlanB is pretty confident that Bitcoin (BTC) price will 5x within the next 12 months with the phase 5 bull run triggering in January 2021. The unstoppable Bitcoin price rally this year has got investors excited as many expect an even bigger bull run in 2021. In November itself, the BTC price has jumped 42% and is just $1700 short of hitting its all-time high. Popular Bitcoin analyst PlanB and the creator of the stock-to-flow model notes that the Bitcoin bull run Phase5 will…

Layer1Live – Ethereum 2.0 Update, DeFi Roars Back, $AXS Pumps, $1B Bitcoin Siezed

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join in as the LADZ discuss the latest from around the cryptocurrency industry, including what recent political results mean for Bitcoin, Ethereum’s strong move towards 2.0 launch, DeFi recovering strongly, Axie Infinity’s token finding success, and Satoshi-era Bitcoin on the move. 👬SOCIAL LADZ Community – Layer1/$LADZ Litepaper – Twitter – Substack – 14:45 Breaking Feds sieze Silk Road BTC 22:55 Quick News Dormant Wallets Moving BTC Shapeshift Delists Monero Vitalik contributes 3,200 ETH to deposit address Accelerating the BitMEX User Verification Programme…

3 reasons Ethereum’s momentum is only accelerating as ETH nears $600

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Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors. Eth2 momentum accelerates in correlation with price The Eth2 mainnet will launch when the number of Ether (ETH) staked in the Eth2 deposit contract address hits 524,288. Data from CryptoQuant found that the value staked in the Eth2 deposit contract address is showing a correlation with the ETH price. ETH price versus total value staked on eth2.0. Source: CryptoQuant Ki Young Ju, the CEO of CryptoQuant, noted that…

Suzhou to launch digital yuan ‘red envelope’ trial for Double 12 event

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The Chinese city of Suzhou will be the second to roll out a “red envelope” trial for the forthcoming digital yuan, according to a report in local media outlet The Paper. Following the successful pilot scheme run in the city of Shenzhen last month, insiders say that the Suzhou district of Xiangcheng will be launching the giveaway to coincide with the country’s Double 12 shopping event on Dec. 12. Many businesses in the district have reportedly already installed near-field communication QR codes in anticipation of the trial. The previous Shenzhen…

Ripple seeks director to engage with central banks on digital currency

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Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger.  With the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central bankers, the job posting notes. The position requires over 10 years of experience…

Ethereum 2.0 Delayed Launch Can Affect Its Dominance in DeFi Market

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The continuous delay in the launch of Ethereum 2.0 threatens its dominance as market analysts question whether its development will be able to keep pace with the DeFi growth. Some new DeFi projects have already started looking for alternatives in the meanwhile. The Ethereum community and the DeFi world has been eagerly waiting for the launch of Ethereum 2.0. The transition to the Proof-of-Stake (PoS) Ethereum 2.0 promises massive scalability and network performance. Earlier this month, the Ethereum 2.0 deposit contracts went live allowing ETH holders to stake their holdings.…

Ethereum 2.0 Deposit Contracts Boost to 292,672 ETH Just a Week before Mainnet Launch

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292,672 ETH enclosed make up more than 55% of Ethereum 2.0 deposit contracts required.  The Ethereum (ETH) community has been paying careful attention to the upcoming Phase 0 launch of Eth2, the next Ethereum generation. To activate the phase, more than 500,000 ETH (or $270 million) must be locked in by the validators or active participants. According to internal sources, this amount is to be reached by November 24. By the moment of writing, the total amount of Ethereum 2.0 deposit contracts has already surpassed 292,672 ETH. 292,320 ETH has…

How to Become a Millionaire With Algorand | 50x Gains | Cheeky Crypto

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this Algorand video we tell you how you could become a millionaire with Algorand and the ALGO token! Algorand is an awesome project that is well undervalued currently and could make you millions. Algorand could see a massive 50x as a return on investment with only a few billion dollars flowing into the market cap. Huge investment opportunity with Algorand and the ALGO token! Merch Store Watch Live & Donate to us here: Unstoppable Domains Cold Storage from Ledger Join our…

John Lennon’s Son Says Bitcoin ‘Empowers’ People Like Never Before

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The son of Beatles legend John Lennon has praised bitcoin for its ability to help individuals transcend politics and world events. Sean Ono Lennon, speaking on the Orange Pill Podcast on Sunday, said bitcoin “empowers people in a way they’ve never been empowered before.” He noted that, the world’s first cryptocurrency is “one of the only things” that gives him more optimism about “the future and humanity in general” amid the tribulations of 2020. Sean Lennon is the son of John Lennon and Yoko Ono, and is himself a musician, having been…