Day: December 7, 2020

Key Bitcoin futures metrics show traders are bullish despite flat BTC price

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Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after a 77% hike since October. BTC/USD 4-hour chart. Source: TradingView Whenever the Bitcoin price stabilizes, there is always an increased expectation of an altcoin rally. That hasn’t been the case recently, as BTC dominance increased by 0.8% to 63.6% this week. This move signals that investors are either waiting for a $20,000 resistance…

Blockchain-Based Immunity Passports Don’t End Privacy Issue

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Existing decentralized digital identity standards are vulnerable to compromise and do not have privacy at their core: This is the central argument posed by a new paper presented by Harry Halpin, a visiting professor at research university KU Leuven, at the Mozilla-hosted Security Standardization Research Conference (SSR20). Proposals for vaccine or immunity passports, which would tie a person’s movements to their COVID-19 immunity status, have resurfaced with promising news about vaccines. The International Air Transport Association (IATA) announced it’s “in the final development phase” of a digital passport app that…

XRP Gains Ground Against Bitcoin as Active Address Count Remains High

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XRP has seen some wild price action over the past few days and weeks, with investors sending the previously embattled token rocketing by over 300% following its break above the long-held trading range between $0.20 and $0.30. The selling pressure in the mid-$0.60 region has proven to be quite intense in the past and may continue hampering its price action in the days and weeks ahead as it tries to surmount this. This breakout isn’t the only thing that helped the crypto rally higher, as the upcoming Spark airdrop was…

‘Shameless’ season premiere name drops Bitcoin and other crypto

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A number of TV shows have mentioned Bitcoin (BTC) or other cryptocurrencies over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest crypto mentions occurred during the premiere of the 11th season of Shameless, in an episode called “This is Chicago.”  “It’s my crypto,” character Dash said, elaborating “My Bitcoin. It’s down 30 and I was using it to leverage my Tether and my Ethereum.” Another character responded: “I have no idea what you just said.” Dash continued: “Oil futures gutted my…

FX Market Analysis TODAY + Bitcoin Tuesday Follow-up! All USD Forex Pairs Price Analysis November 17

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Institutions will protect Bitcoin from government overreach: Erik Voorhees

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Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow substantially over the next five to ten years. In that time, Voorhees estimated that half the world could have exposure to BTC. He believes that mass adoption will occur much later, however, once Bitcoin becomes the global monetary standard. The panel was virtually unanimous in the view that Bitcoin is…

How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks

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In the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just by buying bitcoin may be behind us. But since those heady days of three years ago, the crypto derivatives market has taken up the mantle of being the place where astonishing returns can occasionally be…

The Dollar Has Lost 99% Of Its Value Against Bitcoin

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Bitcoin has set a new all-time high in 2020, and could potentially be close to breaking above $20,000 for the first time in its history. Along the way, since the creation of the first-ever cryptocurrency, the United States dollar has lost more than 99% of its value against BTC. It is a scenario that is difficult to imagine, but as whistleblower Edward Snowden points out, is true and backed by data. Here’s a look at how this amazing feat happened in less than a decade. Edward Snowden Calls Attention To…

Forget the milk and cookies, Santa is accepting Bitcoin this holiday season

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Although he is based in the North Pole, Santa Claus spends much of his December touring the globe, making appearances at countless holiday-themed engagements in the run up to Christmas Eve. In payment for these rendezvous, Santa has long been known to accept tips in a variety of different currencies, assets and edible treats. This year, Santa adds Bitcoin (BTC) to his list of accepted payment methods. A global service called HireSanta now lets people book a Santa performer in exchange for Bitcoin, according to a post from the company’s…

CoinGecko challenges CoinMarketCap’s dominance as a crypto market resource

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The gap is narrowing between crypto analytics providers CoinMarketCap and CoinGecko when it comes to the number of website visits each receives per month. According to a Dec. 1 report from news outlet The Ken, CoinGecko had 20.6 million monthly desktop and mobile visitors as of October, compared to CoinMarketCap’s 29 million. These numbers represent a 135% increase in site traffic for the Singapore-based firm since May, when CoinMarketCap drew four times as many visitors as the competitor. Source: The Ken While both websites saw small peaks in traffic during July,…