Day: December 7, 2020

Bitcoin, Ether, and XRP Weekly Market Update December 7, 2020

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The total crypto market cap added $22.8 billion to its value for the last seven days and now stands at $573.4 billion. The top 10 currencies are mostly flat for the same time period. By the time of writing bitcoin (BTC) is trading at $19,300, ether (ETH) moved up to $597. Ripple’s (XRP) is hovering at around $0.615. BTC/USD Bitcoin formed its second consecutive green candle on the daily chart on Sunday, November 29, and confirmed the continuation of the uptrend after a three-day-long correction. The leading cryptocurrency climbed up…

Paris court sentences Alexander Vinnik to five years in prison

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After years of extradition debates, Bitcoin (BTC) launderer Alexander Vinnik has finally been sentenced by a French court. According to a Dec. 7 report by Novaya Gazeta, Vinnik has been sentenced to five years in prison for “money laundering as part of an organized criminal group and providing false information about the origin of the proceeds” in addition to a fine of 100,000 euro ($121,000). According to the BBC, the court partially dropped charges related to the ransomware known as Locky. At publishing time, online reports do not specify whether…

3iQ Set to List Ethereum Fund on Toronto Stock Exchange

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Grayscale revealed that there had been a significant increase in Ethereum investors in 2020.  The Ethereum fund would now be available in Canada on the Toronto Stock Exchange (TSX). According to a Finance Magnates report, Canada’s leading digital asset fund manager 3iQ would be launching an initial public offering (IPO) of the Ether Fund before the end of the week. According to 3iQ Corp, the fund manager has received regulatory approval to list its Ether Fund under the ticker QETH.U. Also, approval by the securities regulatory authorities in Canada will…

Grille 15 Raseiniai on Mines. JohnDeere23033 Mastery on Mines. Tao of Tall TDs.

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io JohnDeere23033 may have moved on to the Hated clan. However, before doing so, he smashed out this fine Raisin Mastery in the Grille 15. It is very difficult to play such a tall TD on such a claustrophobic map. Watch how J.D. keeps his eyes wide open and TD well-hidden. Note how he conserves his Hit Points and spends them wisely only at the very end. And a huge word of appreciation to the “Horrors” of the D2TH clan for being the…

Bitcoin to Hit $22,000 If This Bearish Reversal Theory Plays Out

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The cost to purchase one Bitcoin token can go up to $22,000 in the fourth quarter. That is possible if a textbook technical indicator plays out as it typically does. Dubbed as “Rising Wedge,” the pattern holds the history of reversing uptrends 63 percent of all times. It gets formed when an asset trades upward inside a structure bordered by two rising converging trendlines. Bitcoin Wedge Bitcoin is trading inside a similar one. In the past two weeks, the flagship cryptocurrency formed a sequence of higher highs and higher lows,…

Lufthansa May Cut Nearly 30,000 Jobs Before End of 2020

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So far, Lufthansa has already reduced 20% of its top management positions. Cutting jobs allowed Lufthansa to reduce costs by about €900 million. The largest German airline Deutsche Lufthansa AG (Xetra: LHA) may cut as many as 29,000 jobs by the end of this year. Besides, the company is planning to sell its LSG unit that employs about 7,500 people. According to the German newspaper Bild am Sonntag the decision results from the negative effect the COVID-19 pandemic has had on Lufthansa’s business. Lufthansa will keep 109,000 workers in its workforce.…

First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K

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Bitcoin was lower, staying in the past week’s range of roughly $18,500 to $19,700. Prices are up 167% year to date, having started off 2020 at around $7,160.  “There is no doubt that $20,000 remains a barrier, both from a technical perspective and on an ideological level,” Simon Peters, an analyst for the trading platform eToro, wrote Monday in an email.  In traditional markets, European shares fell, led by banks and retailers. U.S. stock futures pointed to a lower open as investors worried a coronavirus resurgence might weigh on the economic recovery.…

Airbnb and DoorDash to Increase Valuations with Hiked IPO Prices and Top Range Pricing

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The move by Airbnb and Doordash to boost their valuation with hiked share pricing is set to place the US IPO market on a climactic ending for the 2020 calendar year. Airbnb Inc and Doordash Inc are set to boost their earlier projected market valuations through hiked Initial Public Offering (IPO) pricing and top range IPO pricing ahead of their proposed public market debut. According to a Wall Street Journal report, Airbnb, the American vacation rental online marketplace company based in San Francisco is set to re-price its Initial Public…

Singapore Blockchain Innovation Program Kickstarts with $12M from Government

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As part of the SBIP initiative, the Singaporean government plans to engage with nearly 75 companies and other multinational corporations. Besides, it aims at simultaneously supporting the country’s talent pool for all blockchain developments. The Singapore government is taking bold measures and initiatives to expand research and development in the country’s blockchain landscape. Earlier today, December 7, a group of Singaporean agencies announced the launch of the new Singapore Blockchain Innovation Program (SBIP). This new project is a collaboration between Infocomm Media Development Authority, Enterprise Singapore, and the National Research…

BBC gets into blockchain tokens with Doctor Who: Worlds Apart

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Cointelegraph has been espousing the potential of nonfungible tokens for years. As you might expect from the leading independent digital media resource on all things blockchain and crypto. But when a world-renowned organization like the British Broadcasting Company starts getting involved in the NFT market, one starts to understand just how revolutionary this technology could eventually be. The BBC’s first foray into NFTs is a set of digital collectible trading cards featuring none other than Doctor Who, one of its best-loved and most globally recognized television characters. Of course, the…