Day: December 1, 2020

Bitcoin is Smashing Records But There’s No Hint Of Retail FOMO

boss

Bears are circling as bitcoin hit all time highs again on Tuesday. Is this 2017 all over again? Google data shows no hint of retail FOMO in BTC/USD. Bitcoin hit multiple record highs this week, prompting “FOMO” or “fear of missing out” calls from some analysts. If there is euphoria in the crypto market it’s not coming from the retail crowd; making this move nothing like 2017. Bitcoin Races To Record As Bears Cry FOMO Although there is no such thing as one all-time high for bitcoin (as prices vary…

The Next Big Trend in Crypto? Crypto Price Predictions | Token Metrics AMA

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Trend #Crypto #PricePredictions The next big trend in crypto? Crypto price prediction. Sign up for Token Metrics at Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Be sure to subscribe and like the video to let us know you like the content! Sign up for Token Metrics at ✔ Podcast: ✔ Blog: ✔ Forum: Follow us on social media below: ► Telegram…

CFTC set a new record for lawsuits in crypto this year

boss

The Commodity Futures Trading Commission, or CFTC, is having a banner year in crypto enforcement. Per the commission’s annual review released on Tuesday, fiscal year 2020 featured seven monetary relief actions against firms engaged in illegal activity in crypto, which is a new record. The review said: “In conjunction with the Division’s Digital Asset Task Force, the Commission brought a record setting seven cases involving digital assets.” These included charges against PanForex for offering leveraged trading to U.S. persons without registering in the U.S., as well as against Digital Platinum…

Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows

boss

Visa and BlockFi are teaming up to launch a new credit card that rewards users with Bitcoin (BTC), setting the stage for wider mainstream adoption of digital currency. BlockFi, a New York-based startup specializing in crypto-backed loans and savings accounts, announced the partnership on Tuesday. As Bloomberg reported, the new credit card will reward purchases with Bitcoin rather than airline miles or other cashback rewards. Cardholders will be eligible to receive 1.5% of their purchases back in BTC The card, which carries a $200 annual fee, will be issued by…

3 reasons why Bitcoin price violently rejected near $20,000

boss

Bitcoin (BTC) finally managed to secure a new all-time high but the digital asset rejected strongly near $20,000. On-chain analysts say a sell-off from whales and miners, combined with the $20,000 level acting as a resistance level caused a fierce drop. BTC/USD 15-minute chart. Source: TradingView What led whales and miners to sell Bitcoin? For whales and high-net-worth investors, liquidity is the most important factor. Since they deal with large orders, they need to calculate the slippage their sell orders would cause. Typically, the best period for whales to sell…

Blockchain Bites: Ethereum 2.0 Beacon Chain Ships, Libra Rebrands, ‘Bitcoin’ Google Searches Up

boss

Ethereum 2.0 hit a major milestone as its “Beacon Chain” went live. Libra “seizes the day” and rebrands to Diem. Google searches for “bitcoin” have doubled since last month.  Top shelf Coinbase <> MicroStrategyMicroStrategy has revealed Coinbase as the platform that executed its $425 million BTC buy that thrust MicroStrategy into the spotlight of the bitcoin community.  Announced Tuesday, Coinbase revealed MicroStrategy’s initial $250 million investment, which occurred over a five-day period in August, came via Coinbase Prime, the exchange’s crypto brokerage arm formed following the acquisition of Tagomi in…

Gemini Donates $50K to HRF to Fund Bitcoin Devs in 2021

boss

The Human Rights Foundation has secured donations to fund even more Bitcoin developers in 2021, and it’s capping off 2020 by adding another beneficiary to its grant program.  Shared exclusively with CoinDesk, the Winklevoss’ Gemini cryptocurrency exchange is donating $50,000 to the Human Rights Foundation to fund “open source software which [improves] the privacy, usability, and resilience of the Bitcoin Network.” The fresh funding comes on the same day the Human Rights Foundation is announcing its sponsorship of yet another developer, Gloria Zhao. An undergrad at UC Berkeley and president…

Stanley Druckenmiller Bends The Knee To Bitcoin | The Stock Market Soars To All Time Highs

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Billionaire investor Stanley Druckenmiller is betting on bitcoin, according to new comments made on CNBC. “Bitcoin could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money,” said Druckenmiller, who previously served as a hedge fund manager and was the founder of Duquesne Capital, which operated from 1981 to 2010. Druckenmiller highlighted the growing stabilization in the bitcoin market since its launch 13 years ago, comparing the act…

Ethereum 2.0: Beacon Chain Upgrade Goes Live

boss

The launch of Ethereum 2.0 today will be followed by other significant events including the ushering in of the Shard Chains and subsequently the merger of the current PoW Ethereum and the PoS Ethereum. The long-awaited launch of the Ethereum 2.0 upgrade has been initiated as Phase 0 of the Ethereum network has gone live. According to a report by Decrypt, the launch of Phase 0 of the beacon chain which is also called the Beacon Chain represents the first step in the full migration from the current Proof-of-Work (PoW)…