Day: December 18, 2020

On-Chain Analyst Willy Woo Predicts $55K for Bitcoin as BTC Hits $23K

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Bitcoin is poised to further growth, unlike the situation when it reached its previous all-time high in December 2017. On-chain analyst Willy Woo said $55,000 is the next landmark for Bitcoin as the leading digital asset hits an all-time high of $23,000. Bitcoin recently reached its all-time max, shortly after trading over $20,000 for the first time ever. The top digital asset Bitcoin has crossed $20,000 for the first time in history on the 16th of December. At the time, Bitcoin had grown by over 170% since the beginning of…

Bitcoin Whales Have Accumulated 500,000 BTC Since September

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Quick take: Bitcoin whales worth $20 Million and above have collectively accumulated 500k BTC since September This amount is roughly worth $11.5 Billion and explains why Bitcoin’s value has risen Bitcoin is currently experiencing a cool-down around the $23k price level There is a 50:50 chance that it goes either way for Bitcoin A record number of Bitcoin options expire on Christmas day and could provide volatility before EOY Bitcoin whales holding BTC worth $20 million or more have accumulated a total of 500,000 BTC worth $11.5 Billion since September.…

US Treasury to hire crypto policy officers to combat industry crimes

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The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry. The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two job applications for crypto policy officers. The agency is seeking professional expertise on crimes related to digital assets. Posted on Dec. 12, the two full-time and permanent positions target experts specializing in crypto-related finance threats and risk in order to “assist in the development of policy responses to these challenges.” FinCEN expects that new policy…

4 Reasons Ethereum Could Go To It's ALL TIME HIGH in 2021 | ETH 2.0

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, we speak about one of our favorite coins after Bitcoin. ETHEREUM! We talk about 4 different things going on that will impact its price in the next few months and possibly shoot it up to the moon! ETH 2.0 is on the way! Join our VIP Trading Room! Trade on Bybit with Leverage New to Bitcoin? Take Our Bitcoin University Course for ONLY $10! Bitcoin Daily Social Links! Twitch: Instagram: Discord: Twitter: Facebook: Bitcoin Daily News Site: Other Links:…

Everledger and Glasgow Uni team up to fight counterfeit Scotch Whisky

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The University of Glasgow’s Scottish Universities Environment Research Centre, or SUERC, is joining forces with supply chain company Everledger to tackle counterfeiting within the whisky industry, according to a Dec. 18 post. The market for collectable single malt Scotch whiskies reached over £57 million ($77 million) in 2018. However, SUERC researchers estimate that up to 40% of bottles currently in circulation could be fake. Using radiocarbon dating, and unprecedented access to rare whisky samples, SUERC has developed a method to determine the age of all types of vintage whiskies, accurate…

Google to Have Bigger Stock Recovery than Facebook in 2021

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Bank of America predicts that Alphabet will experience better stock recovery than its FAANG peer Facebook in 2021. The Bank of America on Wednesday said that Alphabet Inc, the parent company of Google, stock (NASDAQ: GOOGL) will have a bigger stock recovery than online advertising counterpart Facebook Inc (NASDAQ: FB) as the world gets back on its feet following a COVID-19 vaccine roll-out the first half of 2021. This was in an overview of prospects for cyber-giants like Alphabet Inc’s Google, Facebook, Twitter Inc (NYSE: TWTR), Snap Inc (NYSE: SNAP)…

DApps Ride on Shoulders of DeFi to Record 1200% Growth

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The report estimates that the transaction volume in DApps in 2019 was $21 billion, meaning there has been a 1178% increase. The year 2020 was a perfect one for the growth of the Decentralized Finance (DeFi) economy with billions flowing into the ecosystem and positively affecting the performance of Decentralized Applications (DApps). According to a report by DappRadar, the total volume transactions of DApps in 2020 recorded a 1200% growth with an amount of about $270 billion. Interestingly, 95% of the transaction volume occurred in the Ethereum DeFi economy. The…

Messari values Coinbase at $28 billion following IPO filing

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Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion. Messari’s model examined the company’s various business segments, such as trading, custody and debit cards, to come to this figure. Coinbase is one of the biggest exchanges worldwide, with daily trading volumes of over $1 billion. Assets under custody have grown to $20 billion from $7 billion in 2019. A previous fundraising round in August 2017 saw Coinbase’s valuation…

‘BAM!’ Tether celebrates as USDT market cap passes $20 billion

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Tether (USDT), the largest cryptocurrency stablecoin, has passed a $20 billion market cap for the first time. According to data confirmed by the company on Dec. 18, Tether is now a $20 billion asset and the fourth-largest cryptocurrency by market cap. Tether market cap doubles since September “Tether has just surpassed a $20B market capitalization!” an official Twitter update reads. “This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted currency!” Tether’s market cap has been increasing at an almost record…

As Bitcoin (BTC) Moves Past $23,500 Guggenheim CIO Calls for $400,000 Price Target

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Guggenheim CIO Scott Minerd says that the rampant money printing by the Federal Reserve coupled with Bitcoin scarcity makes a favorable case for the BTC. Thus he expects BTC to skyrocket to $400,000 wherein it will be close to the global gold market cap. Bitcoin (BTC) has been on a roll as investors flood the cryptocurrency with massive buy orders. On Thursday, December 17, the BTC price surged all the way to its new all-time high above $23,500. since then, BTC has corrected only marginally and is trading strong at…