The crypto market is in a phase where altcoins from the previous rally, 2017โs bull market, are absolutely ripping faces off. While Bitcoin is up 5% in the past 24 hours, there are a series of these altcoins that have gained dozens of percent over the past day. These include but are not limited to Verge, Status, Dash, XRP, Stellar Lumens, and many more. Many have been caught off guard by this rally: a few days ago, the narrative was that DeFi cryptos such as YFI and AAVE would be…
Day: November 25, 2020
Tracking The Ticks – S&P 500 Technical Analysis
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io The S&P 500 opened lower this morning, ultimately consolidating for a majority of the session. Surprising? Not really considering we’ve rallied over 10% from the Oct 30th lows & completed a textbook 5-wave advance. Although we do expect additional downside consolidation, we are watching this correction to ultimately resolve higher. Believe it or not, the S&P 500, Dow Jones Industrial as well as the Russell 2000 has, from a technical perspective been in correction since January of 2018! At this point the…
Yearn Finance absorbs Pickle to boost DeFi rewards
Decentralized finance protocol Yearn has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai. According to an announcement from Yearn founder Andre Cronje, the move is designed to reduce duplicate work, increase specialization, and leverage shared expertise. Pickle Finance vaults, or โPickle Jarsโ as theyโre known, are cloned versions of Yearnโs v1 yVaults so the code is similar. Pickle Finance incentivizes farmers to sell stablecoins that are trading above…
โNo debateโ that Bitcoin will increase 20X says gold industry insider
Gold Bullion International co-founder Dan Tapiero believes that itโs only a matter of time before Bitcoinโs price surges into the six-figure threshold.ย Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin: โIn the next five years, I can see gold at $4,000, so thatโs double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so thatโs a 20, 30x.โ He went on to…
Filecoin storage tops 1 billion GB as tokenized FIL launches for use in DeFi
Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum. The firms announced wFIL on Nov. 23, promoting its use in decentralized finance applications including Compound, Maker, and Uniswap. Filecoin ecosystem lead, Colin Evra, stated: โWrapped Filecoin will enable some really creative DeFi products that create huge opportunities for Filecoin miners and storage users.โ The news came on the same day that Filecoin announced the storage capacity dedicated by its global mining community has exceeded…
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Binance trading volume tops all-time high with $37B in a day
With Bitcoin within $1,000 of its all-time high price of $19,891 set in December 2017, trading on major crypto exchange Binance is also hitting new heights with more than $37 billion in volume in the last 24 hours. According to data from CoinMarketCap, the daily trading volume of Binance has now hit $37,291,444,117 which is up 40.5% in the last 24 hours. Last week, the analytics site reported $25 billion in trading volume for Binance. In addition, Bitcoin (BTC) futures open interest on Binance hit an all-time high of $1.17…
Hereโs What Will Happen To Altcoins Once Bitcoin Breaks $20,000
Bitcoin price is less than a few hundred dollars away from setting a new all-time high. The closer the top-ranked cryptocurrency gets to its former peak, the more bullish altcoins respond. One crypto analyst has shared a chart that shows what could happen to altcoins when Bitcoin finally does break its all-time high. Ripple, Ethereum, Other Major Altcoins Rip As Bitcoin Approaches All-Time High This week, Bitcoin broke above $19,000 and has very little resistance above it before a new all-time is set. Even today, by the time this is…
HOW TO EARN $300/DAY MINING BITCOIN ( VICTORY MINING SOFTWARE) LIVE WITHDRAWAL PROOF
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Coinbase Pro will disable margin trading starting tomorrow
U.S. crypto exchange Coinbase Pro announced today that customers would not be able to use margin trading on the platform beginning on Wednesday. According to the Coinbase blog, Chief Legal Officer Paul Grewal said that no new margin trades would be allowed starting on Nov. 25 at 2:00 PST. The exchange stated that it would take the product offline in December โonce all existing margin positions have expired.โ โWe believe clear, common sense regulations for margin lending products are needed to protect and provide peace of mind to U.S customers,โ…