Month: November 2020

XRP price now eyeing $1.00 after key support level holds, BTC price soars

boss

While Bitcoin (BTC) is facing a potential new all-time high, other coins are showing strength as well. One of those coins is XRP, which has been going vertical in the previous weeks.  XRP’s price surged from $0.22 to a high of $0.78 during the month of November, which immediately ended up in a massive correction toward $0.45. Let’s take a look at the XRP price charts to determine whether this was an entry opportunity before the next leg up. The crucial zone around $0.45 holds as support XRP/USDT 1-day chart.…

TRON Partners with Huawei to Offer BitTorrent to Over 3B Huawei Users

boss

Already four of Tron’s applications including BitTorrent, BitTorrent Pro, uTorrent, and uTorrent Pro have become available in the Huawei ecosystem. Tron Foundation, a leading decentralized protocol working to advance the decentralization of the internet and its infrastructure, has strategically partnered with Huawei, one of the leading telecommunication companies, to list BitTorrent on its latest devices. Apparently, over 3 billion Huawei users in over 170 countries will now access BitTorrent services on their mobile gadgets. The Tron portfolio project will be available on the latest Huawei devices through the AppGallery. “This…

Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017’s Bull Run

boss

Digital currency markets are on a tear this week, as a myriad of crypto assets have seen enormous gains during the last two days. Then finally, on November 30, 2020, the largest blockchain in terms of market cap, bitcoin (BTC) surpassed the crypto asset’s 2017 all-time highs (ATH) after crossing the highly anticipated $19,860 zone on Monday morning (EST). The entire cryptocurrency economy has spiked in value considerably and on Monday, November 30, 2020, as there’s over $34 billion in global trade volume. Moreover, out of the 7,500+ crypto-assets in…

Former Chief Digital Officer at LMVH Joins Ledger

boss

Rogers’ entry into the Ledger ecosystem coincides with the ongoing crypto hype that has seen most crypto assets rally in double digits in the past 30 days.  After working at LVMH (Moët Hennessy Louis Vuitton) since 2015 as the chief digital officer, Ian Rogers has joined the crypto hardware wallet Ledger as the chief experience officer. In his new role at Ledger, Rogers will be involved in taking charge of business-to-consumer operations and “reinventing the user experience” of Ledger’s products. Ledger has managed to develop a tamper-proof hardware wallet that…

Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios

boss

The research arm of New York-based AllianceBernstein, a global investment manager with $631 billion in assets under management, has had a change of heart when it comes to bitcoin as an investment asset. In a research note produced for clients, seen by CoinDesk, Inigo Fraser Jenkins, co-head of the portfolio strategy team at Bernstein Research, said the firm had previously ruled out bitcoin as an investment asset back in January of 2018, soon after bitcoin had hit its all-time high close to $20,000. But post-pandemic changes to the policy environment,…

European central bankers predict that the digital euro is at least five years away

boss

Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away. In a panel on Monday called “Upgrading Money to the Digital Age: Introducing Digital Euro,” participants agreed that the current task was primarily one of getting everyone onboard with the specifics of a digital euro, putting any real implementation well into the future.  Central bank digital currencies, or CBDCs, have been an extremely popular topic of debate in recent years, but especially since the beginning of the…

Bitcoin Price Sets New Record High Above $19,783

boss

After nearly three years of waiting, bitcoin investors can celebrate a new all-time high Monday after the leading cryptocurrency traded as high as $19,786.24, breaking the previous record set in December 2017 by $3, according to CoinDesk Bitcoin Price Index (BPI) data. Long-time bitcoin investors have weathered more than one bearish market cycle. But for newer participants, the record highs represent validation of their investment as the cryptocurrency continues to demonstrate resilience.  “The significance of a new all-time high in dollar terms can’t be understated,” said Kevin Kelly, co-founder of…

Yearn teams up with Akropolis to boost institutional outreach

boss

Yearn Finance announced on Monday yet another merger with Akropolis, a multi-product DeFi protocol featuring yield optimization and under-collateralized loans. Like the Cream Finance merger announced last week the two ecosystems will remain largely independent in terms of their tokens and overall product lines, a shared announcement clarifies. However, like with Pickle Finance, Akropolis will now integrate Yearn vault technology and will publish its yield farming strategies on its Vault V2 platform. The two development teams will combine and benefit from each others’ expertise. Akropolis developers will be able to build…

Equities, Gold, Bitcoin and Cash: Which is the Best Store of Value? | RHO Market Chat Ep 33

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With the major governments and central banks around to world continuing to flood the system with money as a bid to soften the impact of the pandemic, consumer inflation is inevitable in the times to come. In this week’s RHO Market Chat, we take a look at the four major characteristics of a good store of value, and also at where the Bitcoin and Gold prices might be headed to next. —– Website: Privacy and Disclaimer Policy: ▶ Coinbase Website: Coinbase.com ▶…