Day: December 2, 2020

Bitcoin Hitting $200k by End of 2021 Looks Conservative – BTC Analyst

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Quick take: Willy Woo has forecasted that Bitcoin could hit $200k by the end of 2021 However, he views this as a conservative estimate and Bitcoin could very well reach $300k Mr. Woo also pointed out that majority of Bitcoin investors got in at around $7,456 Depletion of Bitcoin on spot exchanges will ultimately lead to Bitcoin increasing in value Veteran Bitcoin analyst, Willy Woo, has shared his 2021 outlook of BTC. According to Mr. Woo, Bitcoin could reach $200,000 by the end of next year. However, he explained that…

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Fortnite Isn’t a Juggernaut Anymore, But It’s Far From Dead

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Fortnite’s latest in-game live event took place last night. 15.3 million concurrent players took part. The event set a viewership record on Twitch and even caused service issues for many. Epic Games’ Fortnite doesn’t hold the same position at the forefront of the gaming zeitgeist it once did, yet last night’s live event – the game’s latest in a long line of grand seasonal finales – harked back to the battle royale’s 2018 heyday. Or at least, to last year’s headline-dominating two-day black hole downtime. It drew in an all-time…

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

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Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, has pledged that his firm has taken steps to ensure that the issue that caused an over five-week freeze of cryptocurrency withdrawals cannot reoccur. In an ask-me-anything session, a transcript of which was published on Wednesday, Hao said the incident led the exchange “to make several improvements in our internal processes.” “I think that the incident highlighted several very important points. It exposed some weaknesses in our internal processes, which we are now steadfast in correcting,” he said. The CEO stressed that…

How to Make Money with Bitcoin | How to Buy Bitcoin through CashApp | Bitcoin Analysis | Forex 2020

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First Mover: Short Shrift for XRP Token’s 169% Price Surge as Traders Obsess Over Bitcoin

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Bitcoin was higher, in an indecisive-looking market swinging between about $18,300 and $19,300. Prices have failed to push higher after surging to a new all-time high of $19,920 earlier this week.   “Expect additional short-term volatility,” Katie Stockton, a technical analyst for Fairlead Strategies, told CoinDesk’s Daniel Cawrey.  In traditional markets, European stocks slipped and U.S. stock futures pointed to a lower open as lawmakers discussed new economic-stimulus measures and traders awaited new data on U.S. jobs growth during November. Gold strengthened 0.7% to $1,827 an ounce.  The 10-year U.S. breakeven rate,…

Major anime platform incorporates crypto and NFTs to ebook market

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MyAnimeList, an active online community for anime and manga with an estimated 10 million North American users, is incorporating cryptocurrency payments into its ecosyste. In a Dec. 2 press release, blockchain platform Digital Entertainment Asset announced a partnership with MyAnimeList parent company Media Do, which will see the former’s DEAPcoins circulated on the MyAnimeList platform. The deal will also see Japanese intellectual property from Media Do’s network used for blockchain-enabled games on DEA’s PlayMining platform. This rewards users with DEAPcoins simply for playing games or reading manga comics through the…

DeFi protocol 1inch closes $12M funding round led by Pantera Capital

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The team behind the 1inch protocol, which combines an automated market maker protocol and an aggregator for other DEXs, announced on Wednesday a successful Series A round for $12 million. Pantera Capital, a major venture fund active in the cryptocurrency space, led the round. A total of ten other funds joined in the round, including: ParaFi Capital, Nima Capital, LAUNCHub Ventures, Spark Capital, gumi Cryptos, Fabric Ventures, Struck Capital, Rockaway Blockchain Fund, Spartan Capital Securities and Blockchain Capital. Three business angels also participated in funding, including Josh Hannah, partner at…

Bitcoin’s Bull Case Intensifies as Investors Bet on More Bond-Buying

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Bitcoin’s long-term bullish outlook may have received further support from investors’ latest bet on the long-dated Treasury notes. The Wall Street Journal reported on Wednesday that investors believe that the Federal Reserve will start buying long-term US bonds after its next policy meeting in December. The divided outcome of the November 3 elections left investors thinking that the central bank would need to undertake more responsibilities to support the US economy. That is because of the rising number of coronavirus infections, coupled with the US Congress’s inability to pass the…

PayPal CEO calls on crypto industry to work hand in hand with regulators

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There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes. On Wednesday, Schulman joined the Web Summit online conference to discuss the cashless era of the global financial industry with Squawk Box host Andrew Ross Sorkin. As part of the discussion, Schulman addressed issues related to cryptocurrency regulation, calling on the industry to closely collaborate with financial authorities to bring more utility to crypto. “There is only one way to approach this, and that is working hand…