Month: November 2020

First Mover: You Call That a Record? Bitcoin’s November Gains Are 3x Stock Market’s

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Bitcoin was higher, appearing to mount a fresh run toward the all-time high near $20,000. The largest cryptocurrency slid 1.3% in the seven days through Sunday, snapping a seven-week winning streak.  As November draws to a close, bitcoin is up 37% just this month, its best performance since May 2019.    “Even if the market has some froth, bitcoin fundamentals look sound,” the blockchain research firm Chainalysis wrote in a report.  In traditional markets, European shares were steady and U.S. stock futures pointed to a lower open as investors turned cautious…

Bitcoin at “Last Line of Defense” Before ATH as it Hits $19,300: Analysts

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The price of Bitcoin has surpassed $19,300 once again, after dropping to as low as $16,200 on November 26. Following BTC’s surprising intraday rally, analysts say it is preparing for an all-time high. There were convincing arguments for both bearish and bullish short-term projections for BTC. Most notably, when BTC dropped down to $16,200, it broke out of the recent parabola. This meant that BTC was at risk of either a large correction or beginning a new uptrend. So far, based on the strength of BTC’s upward movement, market trends…

Bringing Crypto Investment Literacy to Ordinary People

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Dchained is an internet-based crypto information portal filled with all the recent newsletters and articles from experts in the industry. With the right information and resources, cryptocurrencies don’t need to be complicated after all. For a lengthy period, cryptocurrency investment is believed to be off-limits and unreachable by many people due to its sophisticated nature. Most of the available materials regarding cryptocurrencies on the internet are available in a massively technical and expert language. As such, this makes digital assets a daunting investment option for many investors out there. Due…

DeFi Project Basis Cash Brings Its Defunct Stablecoin Back into Market

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The DeFi project will link the Basis coin to two other crypto assets: Basis Shares and Basis Bonds. These assets shall control the price of BAC at $1 based on the supply and demand. Decentralized finance (DeFi) project Basis Cash has relaunched its earlier defunct stablecoin Basis back in the market. Stablecoin Basis, previously called Basecoin, had secured $133 million in funding just before the crackdown by the US SEC but had to return everything after the regulatory action. On Monday, November 30, the DeFi project has opened up its…

Pizza Hut Now Accepts Bitcoin Payments in Venezuela

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Pizza Hut, which has over 18,700 outlets globally, joins Burger King Venezuela in accepting cryptocurrency payments. As Coinspeaker reported, Burger King also partnered with CryptoBuyer on the initiative. It accepts Bitcoin, Binance Coin, Tether, Litecoin, Dash and Ethereum. South America Setting the Pace South America has emerged as one of the leading hubs in cryptocurrency payments. While the US, East Asia and Europe lead in cryptocurrency trading and speculation, Latin America has been using cryptocurrencies for day-to-day payments. Venezuela has been one of the best illustrations of cryptocurrencies solving challenges…

Bitcoin price hits $19K as bulls show no fear of record futures gap

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Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. BTC price up 18% against weekly lows Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading. The weekend had already produced major upside for the pair, which late last week dived to $16,300. By the start of Monday, $18,600 had appeared, with Bitcoin going on to deliver returns of at least 17% versus those lows. As Cointelegraph reported, a giant $1,300 CME…

Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking Bitcoin Exposure

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Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In a November 27 amended prospectus filing with the U.S. SEC, Guggenheim explains the rationale for seeking indirect exposure to BTC. According to the explanation, Guggenheim’s MOF wants to achieve its investment objective by “investing in a wide range of fixed-income and other debt and equity…

Roadmap Outlined to Eliminate Huawei 5G Equipments from UK by September 30, 2021

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UK legislators are set to debate the new Telecommunications Security Bill – which encompasses the new rules on Huawei – at second reading in Parliament. It was a huge blow to the Chinese telecommunication company Huawei Technologies Co Ltd after the United States banned its services based on security reasons, but it has become a much worse case after the company lost the United Kingdom market. On Monday, Britain outlined a clear roadmap to eliminate Huawei 5G equipment from UK telecommunication carriers by September 30, 2021. Meanwhile, UK carriers have…

This Is Why You Need To Buy Bitcoin RIGHT NOW

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With billionaires scooping up bitcoins dwindling supply every day, the price only has one thing to do and that’s go up. This is not financial advice, this video is for entertainment purposes only #cryptocurrency #defi #timdraper #litecoin #altcoin #trading #bitcoinmining #invest #trader #cryptocurrencies #top #investing #entrepreneur #business #success #investment #finance #motivation #coinbase #stocks #wallstreet #investor #wealth #bullish #bearish #bitcoin #news #btc #ethereum #eth #altcoins #forex #money #best ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Tokyo Stock Exchange CEO to Resign over October System Glitch

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Last month’s system failure in the Tokyo Stock Exchange has caused the bourse’s operator wants to step down. Japan’s financial regulator faced rebuke following the disruption of the system that halted trading for an unprecedented full-day. On Monday, the TSE’s president and chief executive Koichiro Miyahara revealed his plans to resign from the post. Akira Kiyota, CEO of Japan Exchange Group (JPX), owner of the exchange, will take over the presidency of the Tokyo Stock Exchange. Japan’s financial regulator served both the TSE and Japan Exchange Group with a business…