Day: December 28, 2020

Bitcoin whales are buying more aggressively since Christmas, data finds

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Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC. It is nearly impossible to segregate institutional investors from individual investors through on-chain data. However, the trend shows that investors with large capital are increasingly entering into the Bitcoin market despite its rally. Bitcoin large supply holders. Source: Santiment Why are whales continuing to buy more Bitcoin? According to the analysts at Santiment, around $647 million worth of Bitcoin likely transferred from small addresses…

XRP price faces a rocky road to recovery ahead of SEC’s Ripple lawsuit

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Just over a month ago on Nov. 24, XRP’s value surged to above the $0.90 mark on U.S. cryptocurrency exchange Coinbase, albeit momentarily, leading many backers to believe that the digital currency was all set to skyrocket once again, possibly even retesting its January 2018 all-time high of over $3. However, in the wake of the recent lawsuit laid out by the United States Securities and Exchange Commission against Ripple, not only does a future value hike look increasingly improbable for XRP but the project’s future as a whole could…

BlackRock is looking to hire a blockchain VP with experience in crypto assets

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BlackRock Financial Management Inc., the $7.8 trillion asset manager, appears poised to expand its presence in blockchain and digital assets.  According to a new job posting, the company is recruiting for the position of vice president, blockchain lead for its New York office. The person hired for this role will be tasked with creating and implementing “strategies designed to drive demand for the firm’s offerings,” as well as “enhance the value proposition […] of the firm’s investments and technology offerings.” The candidate must have at least one year of experience…

ALERT!!!!! BITCOIN WILL DO SOMETHING HUGE!! [this is my next trade]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 📺 New Bybit Tutorial: BITCOIN TODAY: In this video, I’ll go through the Bitcoin news today & I’ll make a Bitcoin price analysis. The BTC news & analysis can be inspiration for your own Bitcoin trading or investing, but is NOT financial advice. On this channel, The Moon, I make 1 video every single day about crypto news & Bitcoin. I’ll always include professional Bitcoin technical analysis, to make a Bitcoin price prediction, and I’ll also show you the most relevant news…

Mark Cuban Shifts Views, Touts Bitcoin’s Monetary Model

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Right when Bitcoin reached its new ATH at $28,000, a lot of cryptocurrency analysts have become very optimistic that its rally will be unstoppable. This run has changed some people’s views on the coin, possibly including the billionaire Mavs owner, Mark Cuban. In a tweet made on December 28, Cuban opined that public companies should follow the scarcity-based economic model of Bitcoin and stop issuing new shares of stocks. According to Cuban, this would help in the appreciation of their stock’s price. Mark Cuban Warms Up to Bitcoin This was…

Bitcoin, Bank Coins and Bonds, feat. George Goncalves

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A macro and bond specialist joins NLW to discuss the economics of 2021. George Goncalves has been a macro analyst specializing in bonds for more than 20 years. In this conversation, he and NLW discuss the story bonds are telling the market and why central bank digital currencies are likely to have an important part of the macro conversation in 2021. Original

Can blockchain technology make online voting reliable?

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The United States Presidential elections on Nov. 3 were contentious to begin with, but accusations of electoral fraud from the defeated President Trump cast a pall over the whole procedure. Daniel Hardman, chief architect and chief information security officer at self-sovereign identity solution Evernym, thinks blockchain might help voting in general going forward. “Basically, blockchain can provide a way for voters to be reliably and securely registered to vote, and then when votes are cast, blockchain can be a mechanism for proving that somebody has the right to vote, based…

Crypto taxes, reporting and tax audits in 2021

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This year was like no other. Now that it has limped to a close and we look at the promise of a better 2021, it is time to think about taxes. Although there were many other notable things about 2020, there were some tax points to savor — and some to fear. Gains and losses It is hard to look at crypto and 2020 without commenting on gains and losses. Bitcoin (BTC) ballooned in price, making a lot of investors happy. Of course, if you had taken short positions, you…

Price analysis 12/28: BTC, ETH, XRP, LTC, BCH, DOT, ADA, BNB, LINK, XLM

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Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up. Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic. Record liquidity has resulted in sharp rallies in the S&P 500, gold, and Bitcoin (BTC), which suggests that investors are plowing money into assets of their choice. While gold is way below its all-time high set in August, both the S&P 500 and Bitcoin are near their all-time high. The…