Day: December 15, 2020

Cryptocurrency Market Analysis, Top Companies, Size, Share, Demand and Opportunity 2020-2025

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io According to the latest report by IMARC Group, titled “Cryptocurrency Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global cryptocurrency market is experiencing strong growth during 2014-2019. Cryptocurrency is a digital or virtual currency designed to work as a medium of monetary exchange. It is secured by cryptography that makes it impossible to counterfeit or double-spend and renders the currency immune to government interference or manipulation. This form of digital asset can be distributed over a vast array…

This On-Chain Metric Spells Trouble for XRP Following SPARK Airdrop

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XRP has seen some mixed price action as of late, with the cryptocurrency’s price not breaking firmly below $0.50 as the selling pressure placed on it begins mounting The cryptocurrency is now on the cusp of seeing a sharp decline, with analysts noting that a continued bout of trading below this level could be dire One analytics firm is also noting that the conclusion of the recent SPARK token airdrop to XRP holders has caused it to see a sharp decline in fundamental strength The number of unique addresses interacting…

Bulls buy the dip again after Bitcoin price rejects at a key resistance level

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For the second day in a row, Bitcoin bulls have attacked the $19,500 level in an attempt to flip the crucial level from resistance to support.  Each attempt to overcome the resistance is has been rejected near $19,550 but Bitcoin’s swift recovery from the Dec. 14 drop to $19,050 shows that investors remain interested in buying every significant dip. Crypto market daily price chart. Source: Coin360 At the moment, the general consensus among traders is that flipping $19,500 to support will open the door to a new all-time high at…

Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’

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The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists at Bank of America Corp. now say the most crowded trades are “long tech,” “short USD,” and “long Bitcoin.” Cash assets are under by 4%, according to the latest Bank of America’s fund manager survey published this week. Participants in Bank…

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, BITCOIN CASH News, KuCoin News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, BITCOIN CASH News, KuCoin News Bitcoin hits $ 16,000, fixes new 2020 high The world’s largest cryptocurrency has soared to a new 2020 high of $ 16,000 on the Gemini exchange. Bitcoin, the flagship cryptocurrency, has hit a new annual high of $ 16,000 on the Gemini exchange. It is currently up more than four percent in the past 24 hours. Crucial Ethereum Service Infura Undergoes Major Disruption Infura, the Ethereum infrastructure provider, is currently…

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Mining Dogecoin Legit 2020 – DOGEONLINE

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UK investment manager shifts allocation to Bitcoin from gold in ‘defensive move’

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A United Kingdom-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift toward digital assets. Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. In a performance update and manager comment posted on Tuesday, Ruffer said it has added Bitcoin to its Multi-Strategies Fund, primarily as a defensive move against the “continued devaluation” of fiat money. The fund now holds roughly 2.5% of its assets in Bitcoin. The allocation was made in November…

Ripple Network Activity Shows XRP Has Lost Its Spark Post-Airdrop

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Because investors had been scrambling to buy XRP in order to lay claim to a corresponding amount of Spark tokens, the altcoin had its most significant bullish breakout in years. Ripple network activity post-Flare airdrop suggests that the asset has fundamentally lost its spark, but technicals might on the flipside suggest that the spark was enough to light the fuse, and the first wave is just the beginning of the full explosion to come. Post-Flare Airdrop Ripple Effect Leaves Network Activity At Monthly-Low Levels The third-ranked cryptocurrency by market cap…

DJ Khaled and Floyd Mayweather promoted his 2017 ICO; Now, he faces a year behind bars

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A Manhattan court has sentenced the operator of the fraudulent crypto investment firm Centra Tech to a year and a day in prison. Per a Tuesday announcement from the Department of Justice, Robert Farkas successfully solicited $25 million in investment during the 2017 initial coin offering boom. The ICO famously included promotion from boxer Floyd Mayweather and musician DJ Khaled, both of whom got in legal trouble for failing to disclose that they were paid for their participation. On top of the celebrity endorsements, Farkas’ scheme included lies about Centra Tech’s…