Day: November 26, 2020

Bitcoin is peerless thanks to early distribution CoinMetrics analysts

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Thousands of different cryptocurrencies have arisen in the since Bitcoin’s ( BTC ) 2009 genesis block. Even though newer assets come with different technology and new bells and whistles, Bitcoin still has an upper hand in a key category, according to a November  report from crypto data firm Coin Metrics. Due to its relatively older framework, people sometimes compare Bitcoin to early, outdated versions of other technological innovations, such as dial-up internet, the report explains:Technological ability is important. Cryptocurrencies, with their underlying…

Is Ripple’s Blockchain-Powered XRP Ledger Superior to SWIFT for Cross-Border Payments?

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Ripple, compared to SWIFT payments system adopted by banks worldwide, may be a cheaper, more transparent, and more secure alternative for the future of payments and online banking. A report released by the Official Monetary and Financial Institutions Forum (OMFIF) addressed how different types of blockchain technology could benefit central banks worldwide. Naming private, public, and consortium blockchains, the OMFIF explained how these different types of technologies could improve the efficiency of payments systems used by banks today, namely SWIFT. In the report, Ripple technology was highlighted for its open-source…

Cambridge and Oxford teams compete in algorithmic crypto trading contest

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More than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase Pro and FTX. According to a Nov. 25 announcement, the 15 teams will be assessed on their trading strategies, the technical design of their algorithms, and their overall return-on-investment. The competition launched on Nov. 16 and will run until Dec. 16. The strategies employed include arbitrage, predictions based on machine learning and neural networks, and trend investing based on time-sequence forecasting. APEX:E3…

Bitcoin fees remain low despite price surge but Vitalik says they could soar

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Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low. The current fees of around $3.50 per transaction starkly contrast with three years ago, when the fees incurred to send any amount of BTC briefly spiked above $50. But average transaction values are currently approaching $200,000 suggesting the current rally has not been accompanied by the same retail trading frenzy that drove prices toward $20,000 in 2017. Ethereum cofounder Vitalik Buterin doesn’t believe Bitcoin’s current low…

New analysis suggests Satoshi Nakamoto was a Londoner

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A new report has determined that London was the most likely place Satoshi Nakamoto worked on Bitcoin between 2008 and 2010. Report author Doncho Karaivanov reviewed several factors in order to justify the conclusion, including an analysis of timestamps of Satoshi’s published materials, his use of regional colloquialisms and word spellings, and the fact that The Times headline embedded in the genesis block was specific to England’s print version of the periodical. The idea that Satoshi was British is not new as hundreds of journalists, sleuths and investigators have thoroughly…

Bitcoin Wicks to $17,100 Amid 14% Pre-Thanksgiving Crash

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Bitcoin wicked as low as $17,100 minutes ago as buying pressure finally abated after weeks upon weeks of upward price action. The coin corrected from the $19,600 region yesterday to these lows for a drop of approximately 14%. Analysts are currently divided over what comes next for the leading cryptocurrency. Bitcoin was starting to roll over after it topped at $19,600 yesterday. Simultaneously, analysts noted that the cryptocurrency had begun to print bearish technical signals near the highs that suggested it was overbought. Related Reading: Here’s Why Ethereum’s DeFi Market…

BITCOIN NEWS TODAY: Dow Jones soars! Is this bad for BITCOIN? (DeFi News and Ethereum News)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOINCHANNEL.LIVE DeFi News & BITCOIN NEWS TODAY, ETHEREUM NEWS a! from the Traditional Markets and Convert them into Crypto News.. From Traditional to Digital, we take Mainstream News and convert them into Crypto News _____________________ In this video: Perhaps the election is over and sleepy uncle Joe seem to be the grandpa of the day. But 1 thing I can guarantee you, nothing is as it seem. The Global financial system is still about to print itself to oblivion , the levels…

Judge rejects motion to freeze Cred’s crypto assets in bankruptcy case

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U.S. Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held by the firm on exchanges amid its Chapter 11 bankruptcy proceedings. More than one dozen of Cred’s creditors filed the emergency motion on Nov. 23, seeking to compel 21 cryptocurrency exchanges to freeze assets held by Cred on their respective platforms, including five U.S.-based exchanges. During a Nov. 25 hearing, Dorsey asserted that he could not act on the motion without evidence surrounding…

Bitcoin Price Drops $1,000 Before Recovering in Sharpest Sell-Off in 3 Weeks

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Bitcoin fell more than $1000 dollars before rebounding, in the leading cryptocurrency’s sharpest decline in almost three weeks. At around 2:15 UTC, BTC began to tumble significantly as its value dropped below a previous area of support at around $18,474. Spot volume across major exchanges also rose sharply as bitcoin’s 24-hour range fell to between $19,474 and $17,284 – its sharpest decline in since Nov. 7, according to CoinDesk 20 data. Bitcoin has since regained some lost ground and is changing hands for around $18,012. While the reason for the…

Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note

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On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new bitcoin (BTC) exchange-traded note available on the exchange Deutsche Böerse Xetra, a marketplace for the trading of shares and…