Day: December 3, 2020

Breaking Crypto News: Billionaires Are RUSHING In! Microsoft Partnership With Ripple & CBDC 3 Years!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io My code on Bitrue: ZLQZAA Link: NEW IG YT: Let’s hit 500 likes within 24 hours! Twitter: Discord: Finance Channel: 5 Minute Crypto: The Hardware Wallet I use: Earn interest on your XRP & other crypto: New Facebook group: GO CHECK THIS FOR THE LATEST NEWS: Buy crypto here: This is not financial advice! #XRP #Ripple #Crypto ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Time for Crypto Is ‘Now’, Says PayPal CEO

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Schulman believes that users’ ability to buy, sell and hold crypto strengthens the value of the cryptocurrency.  PayPal CEO and President Dan Schulman, at the digital event attended by approximately 100,000, said the time for crypto is “now”. Joining Schulman at the event were European Commission President Ursula von der Leyen, Facebook CTO Mike Schroepfer and Dallas Mavericks owner Mark Cuban. In an interview by New York Times’ Andrew Ross-Sorkin on Wednesday, the first day of this year’s online tech conference, Schulman expressed confidence that crypto would soon join conventional…

Bitcoin’s Price Is a Poor Proxy For Its Utility

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I have looked on with interest over the past two months as bitcoin has climbed to approach its previous all-time high. That old high-water mark occurred in the midst of hysteria. The price action of the time, three years ago, can only be described as mania. It was, to use the Gartner Hype Cycle language, the “Peak of Inflated Expectations.” In financial terms, it was a bubble. This rally is different. This time has not been marked by a wild influx of speculative investors. We have not seen the long-tail…

Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage

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The United Kingdom Tory Party’s nemesis, Nigel Farage, has gone “full crypto.”  On Nov. 27, Farage sat down for a video interview to discuss all things crypto with Sam Volkering, the editor of Southbank Investment Research, which is, notably, the publisher of Farage’s recently launched investor newsletter “Fortune & Freedom.”  In the interview, Farage derided the government’s “funny money,” which it continues to print throughout the pandemic at warp speed, and concluded that it’s therefore “crucially important” to get one’s head around crypto.  He has elsewhere called Bitcoin “the ultimate…

Crypto Market Update | Ethereum 🆚 Bitcoin 🆚 Altcoins [Technical Analysis]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I am making a Crypto market update for you. We are analysing Total crypto market cap and comparing Ethereum vs Bitcoin vs Altcoins on the weekly charts. Total crypto market cap, Altcoin market cap, Ethereum and Bitcoin technical analysis will be made vs USD chart and against each other. Also let us see what is unfolding on the Altcoin Dominance weekly chart vs BTC. So what is happening in the Crypto market today? If you want to become a part of our…

Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

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Bitcoin’s price has nearly doubled in the past eight weeks, as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value of their cash holdings. Hedging demand for the cryptocurrency may now be set to rise further, with expectations for long-term inflation reaching 19-month highs. The U.S. 10-year breakeven inflation rate, which represents how the market foresees long-term inflation, rose to 1.85% on Wednesday. That’s the highest level since May 2019. The metric bottomed out at 0.5% in March, according to St. Louis Federal Reserve…

Elon Musk Warns Employees against TSLA Stock Decline, Says Tesla Needs to Control Costs

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Musk told analysts on Tesla’s third-quarter earnings call that the company is only trying to spend money and not waste it. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk warned employees against stock decline if the company does not control costs. The CEO sent the warning through an email on the 1st of December.  As noted in the email, Elon Musk is concerned that Tesla’s stock may plunge despite recent gains. To avoid losses and maintain profitable quarterly reports, the CEO said the electric vehicle (EV) company needs to control spending. …

The Bullish and Bearish Scenario of Yearn Finance’s YFI Token

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Yearn Finance’s governance token YFI continued its winning spree entering the Thursday session as its price maintained its weekly gains of about 30 percent. The YFI/USD exchange rate surged in the early European session, hitting $31,884 before turning lower due to profit-taking sentiment. That marked the second time in the previous 24 hours that witnessed the pair attempting to break above the $30,000-level. Nevertheless, YFI appeared oversold after rallying almost parabolically from its quarter low of $7,015. That amounted to a downside correction — or consolidation unless the trend neutralizes…

What’s a DeFi merger, anyway? Nov. 25–Dec. 2

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The biggest events in DeFi this week all involved Yearn.finance, the yield farming optimization protocol. I covered the first, Pickle Finance, in my last installment. Since then, we’ve seen integrations with Cream Finance, a lending protocol similar to Compound; Cover Protocol, an insurance provider that recently paid out users for the Pickle hack; Akropolis, another protocol primarily dealing with yield optimization; and as the most significant of all, SushiSwap, the decentralized exchange born as a Uniswap parasite. The Yearn ecosystem now includes all the major building blocks of DeFi (yield,…

SPOT Stock Up 12%, Spotify Launched 2020 Wrapped to Look Back at Year’s Music Choice

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The feature will launch in the Spotify mobile app for iOS and Android. However, non-registered users will also be able to see listening trends of this year. Media service provider Spotify Technology SA (NYSE: SPOT) launched 2020 Wrapped – an annual selection of user preferences in music. This review includes users’ favorite artists, songs, genres, and podcasts. This year, it comes with a few changes. #2020Wrapped is finally here! 👉 https://t.co/DEkWri0PVR 👈 pic.twitter.com/yx5tPciZjA — Spotify (@Spotify) December 2, 2020 Since 2017, Spotify Wrapped has been tracking users’ activity and describing…