Day: December 8, 2020

Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns

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Bitcoin is facing selling pressure on Tuesday as traditional markets suffer the jitters over fears of a “no-deal” Brexit. The top cryptocurrency by market value is changing hands near $18,800 at press time, representing a more than 2% decline on the day, according to CoinDesk 20 data. The decline comes after multiple rejections near $19,400 in the past 48 hours. Bitcoin‘s rally has lost steam in the past few days, with large sell orders placed around the all-time high of $19,920 capping the upside. According to observers, people are looking…

Morgan Creek's Mark Yusko on Bitcoin hitting highs not seen since 2017

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mark Yusko, CEO & CIO of Morgan Creek Capital Management, joins Worldwide Exchange for a conversation about why Bitcoin is hitting highs, and what could be next for the crypto. Subscribe to CNBC PRO for access to investor and analyst insights: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.…

Bitcoin (BTC) to $25k? Bitcoin (BTC) Price Prediction and Technical Analysis | Token Merics AMA

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Bitcoin #BTC #PricePrediction Bitcoin (BTC) to $25K? Bitcoin (BTC) price prediction and technical analysis. 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:…

MobileCoin Mainnet Goes Live with MOB Token Listed on FTX Exchange

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MobileCoin token (MOB) is viewed as one of the most secure crypto assets with high transaction speed and it is also fully environmentally-friendly.  The privacy-oriented crypto project MobileCoin mainnet has gone live with its native coin MOB listed on FTX exchange. The company announced through its Medium blog page, although with scanty information. Notably, MobileCoin Foundation noted that its crypto wallet will not be available for download or use in the United States and any other jurisdictions with prohibitions. “Please note that the MobileCoin Wallet is not available for download…

Bitcoin price risks losing ‘critical technical level’ as stocks under pressure

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U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, Bitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView COVID-19 cases in the U.S. and Europe are continuously surging despite strict restrictions. Sweden, for instance, which has thus far relied on voluntary measures, has implemented a new set of restrictions. Since Oct. 30, within six weeks, the Dow Jones Industrial Average (DJIA) increased by 13.46%. Other major U.S. stock…

Facebook hopes to launch its crypto and wallet in 2021, top exec says

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Global regulators should grant Facebook-backed cryptocurrency Diem “the benefit of the doubt” to greenlight its launch in 2021, a top executive at Facebook Financial said. David Marcus, the head of Facebook Financial, or F2, said that both cryptocurrency Diem and related crypto wallet Novi could be launched next year. Speaking at the Singapore Fintech Festival 2020 on Dec. 8, he stated that regulators should finally let Facebook move forward with its cryptocurrency: “I don’t think what we are asking for is just immediate trust. I think […] what we’re asking…

JD Health Stock Soars 34% on Market Debut in Hong Kong

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40% of JD Health’s net proceeds will go toward business expansion over the next 3 to 5 years. 30% will be allocated for research and development in the next 2 to 3 years. The rest will go to potential investments, acquisitions, and general corporate purposes.  JD Health International Inc (HKG: 6618), the healthcare subsidiary of JD.com (HKG: 9618), has debuted on the stock market in Hong Kong. Its price soared 34% to HK$94.5, which makes JD Health IPO the largest Hong Kong IPO this year. JD Health is an e-commerce…

Circle CEO Says Biden Administration Will ‘Ultimately’ Support Crypto

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Circle CEO Jeremy Allaire said that the creation of a central bank digital currency (CBDC) would not crowd out stablecoin. Circle CEO Jeremy Allaire is optimistic that the incoming Biden administration will support the crypto industry in the US. On the 7th of December, Allaire expressed his belief in the incoming administration to regulate the crypto space.  Circle CEO expressed his confidence in the Biden government in an interview on CNBC’s Squawk Box. In response to what he thinks of the incoming government in relation to crypto regulations, Allaire said: “I believe…

Crypto Regulations Remain Hot Topic of Discussion at Latest G7 Meeting

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The G7 officials discussed the need to regulate crypto assets and prevent its use for any malicious or illicit activities. There’s strong support across the top economies to regulate digital assets. On Monday, December 7, G7 officials met for discussions on the latest economic outlook and the road ahead. The G7 Finance Ministers stressed the need to regulate crypto as per the statement from the US Treasury Secretary Steven Mnuchin. Productive #G7 call this morning. We discussed the effective actions in response to COVID19, strategies to achieve a robust recovery,…