Day: December 30, 2020

Price analysis 12/30: BTC, ETH, XRP, LTC, BCH, DOT, ADA, BNB, LINK, BSV

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Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices. On-chain data suggests that high-net-worth individuals continued to buy Bitcoin (BTC) after Christmas. Analysts at Santiment said that smaller traders sold about $647 million worth of Bitcoin and this sum may have been bought up by Bitcoin whales. Data also signals that large investors have been buying and holding their purchases throughout 2020, without booking profits in an aggressive manner. According to Glassnode analysts, this has caused the number of Bitcoin…

2020 has provided the incentive to rethink our approach to money

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2020 has been a year of upheaval throughout the world. Overshadowed by the COVID-19 pandemic, the events of this year brought forth new challenges no one was prepared for, upending the way we live, work, and transact. Early this year, global financial markets took a severe hit as stocks, commodities and even cryptocurrency prices fell.  Against the backdrop of economic uncertainty and the declining value of the U.S. dollar, crypto assets are moving higher up the radar screens of commercial banks, hedge funds and other institutional investors. As we approach…

VanEck Proposes ETF for Bitcoin, Once Again

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As 2020 draws to a close, one of the prior proponents for an exchange traded fund (ETF) based on Bitcoin is trying again: VanEck has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the “VanEck Bitcoin Trust.”  An ETF is seen as advantageous because it trades on the stock market much like shares in popular companies like Apple and Microsoft do.  VanEck has previously proposed ETFs before, withdrawing its most recent application in September 2019. At the time the company said it remained committed to an…

Bitcoin Prices in 2020: Here’s What Happened

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For many reasons 2020 will loom large in future textbooks on financial history.  This year saw the biggest drop-off in economic output since the Great Depression, the biggest spate of money printing in the Federal Reserve’s 107-year history spurred by a coronavirus pandemic, an epochal shift toward remote working and negative prices for crude oil futures. Perhaps as important in the pantheon of monetary milestones, 2020 saw the first real signs banks, money managers, insurance firms and companies started to embrace fast-growing markets for cryptocurrencies and digital assets.  An open-source…

Las Vegas luxury auto dealership rakes in Bitcoin payments

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A luxury auto dealership in Nevada has reported a steady increase in Bitcoin (BTC) payments, a testament to the bull market currently underway as more investors convert their holdings into high-end sports cars.  Vegas Auto Gallery, whose inventory includes makes and models from Aston Martin, Bentley, Ferrari and Lamborghini, recently sold two high-end sports cars to customers who paid more than $6 million in BTC. As the Wall Street Journal reports, owner Nick Dossa says that roughly 3% to 5% of the dealership’s revenue comes from Bitcoin transactions. The dealership…

Wieso du ALLE Bitcoin verkaufen wirst! (Kein Clickbait!!)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Du wirst all deine Bitcoins verkaufen, ob du das nun glaubst oder nicht! Die Hintergründe erfährst du ausführlich in diesem Video! ► Hol dir bis zu 12% Cashflow durch deine Kryptowährungen mit kompletter Transparenz: ———— Hat dir das Video gefallen? Gib mir nen DAUMEN HOCH 👍 bzw. TEILE dieses Video um gemeinsam AT, DE und CH #cryptofit zu machen! #JulianHosp #Bitcoin #Blockchain 👌 Kein Video mehr verpassen? ABONNIERE meinen Kanal: UND klicke die GLOCKE 🔔 – WICHTIG! ⏰ E-MAIL ERINNERUNG beim nächsten…

Bitcoin Stolen Through Hacks and Scams Hits a Yearly All-Time Low

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Summary: 2020 had the lowest amount of Bitcoin stolen through hacks and scams A total of 4,366 BTC was stolen and publicly reported This is a 92% drop from 2019 and an all-time low of 0.02% of the total supply Bitcoin investors and traders are getting smarter in terms of securing their investment A lower amount of Bitcoin was stolen this year through hacks and scams when compared to previous years. This is according to data by the Co-Founder and CTO of the Casa Bitcoin App, Jameson Lopp, who pointed…

Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving

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Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the halving happened in mid-May when the bitcoin network cut the number of BTC that miners earn for processing transactions in half. The last time miner’s revenue was hovering around such highs was in July 2019, stated Glassnode, adding…

All Major Mining Pools Now Support Bitcoin’s Taproot Upgrade

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Binance Pool, the mining pool run by one of crypto’s biggest exchanges, is prepared to support Taproot, a good omen for the next major Bitcoin upgrade. The addition of Binance Pool to the “yes” column means that all the major pools are now on board. Taproot is a scaling and privacy change that will be the biggest upgrade the digital currency has received in years – and it’s far less controversial than the last one.  According to crypto mining pool Poolin VP Alejandro De La Torre, Binance Pool says it…

Another NASDAQ-Listed Firm to Invest $100 Million in Bitcoin

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Kuala Lumpur-headquartered and NASDAQ-listed Greenpro Capital plans to acquire Bitcoin through its subsidiary, CryptoSX, a press release on Dec 28 reveals. Greenpro Capital Believes in the Mass Adoption of Bitcoin In a statement, the company said it believes in the ongoing mass adoption of Bitcoin by banks, hedge funds, and insurance companies, further adding that it endorses Bitcoin as a reliable store of value. Towards this end, its CEO CK Lee has instructed Greenpro Capital investment bankers, to in Q1 2021, raise debt of up to $100 million. However, they…