Day: January 13, 2021

Bitcoin’s $30k – $32k Level Should Hold due to Institutional Investors

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Quick take: CryptoQuant CEO forecasts that $30k – $32k should hold because most institutional investors bought Bitcoin around these levels He cites the January 2nd outflow from Coinbase when BTC was around this price area However, he cautions that his analysis is a ‘speculative guess’ Bitcoin’s recent crash was most likely accelerated by Coinbase going down The CEO of CryptoQuant, Ki Young Ju, has shared his analysis that points to Bitcoin finding solid support around the $30k – $32k price area. According to Mr. Ju, this price area should hold…

VanEck Sued for Allegedly Plagiarizing Bitcoin ETF Proposal

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On 31 December, VanEck filed a new application for the Bitcoin ETF. According to SolidX, VanEck portrayed to the world that they were still cooperating while working on the new application.  Blockchain firm SolidX Partners Inc has sued its former partner, VanEck Associates Corp, a global investment management firm for suspiciously terminating their contract and filing for a Bitcoin ETF proposal which is a plagiarized version of their work. It is suspected that VanEck probably worked against the interest of its former partner even when they were still in business.…

Ethereum Up 11.4% 🔝. What Follows Next For ETHUSD? | FAST&CLEAR | 10.Jan.2021

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A professional analysis of the current price and trend for Ethereum / ETHUSD powered by AI. Hope you enjoyed this price analysis of Ethereum / ETHUSD and subscribe to get fresh videos every day. ➡️➡️ RSI Explanation: ⬅️⬅️ ➡️➡️ Stochastic RSI Explanation: ⬅️⬅️️ ➡️➡️ EMA Explanation: ⬅️⬅️️ ➡️➡️ Divergence Explanation: ⬅️⬅️️ ➡️➡️ MACD Explanation: ⬅️⬅️ ️This channel is new and we are constantly changing and improving so stay tuned to get the most out of it. In order to give you the…

Analysts Are Gloomy About Bitcoin’s Short-Term Price Outlook Right Now

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The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop. “There could be another dump as outflows from the cryptocurrency exchange Coinbase Pro have dried alongside an increased transfer of coins onto exchanges,” David Lifchitz, chief investment officer for Paris-based quantitative trading firm ExoAlpha, told CoinDesk. Bitcoin fell by over 20% on Monday to $30,305 amid heavy selling in the spot market. Bitcoin Coinbase outflowsSource: CryptoQuant Outflows from Coinbase Pro, which are considered synonymous with institutional purchases, have receded…

Digital ruble could be still vulnerable to fraud, Russian banks warn

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Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan. 13.  The study included 17 ABR credit institutions in Russia accounting for 58% of the total assets of the domestic banking system. According to the report, the majority of ARB members believe that risks associated with the digital ruble are similar to those of cashless transactions powered by…

Bitcoin has actually only taken 2% of gold market cap, new data suggests

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Bitcoin (BTC) has much further to go to suck away even 10% of gold’s market cap than old data claims, a popular indicator reveals. Highlighting numbers from Bitcoin’s realized cap on Jan. 12, Ki Young Ju, CEO of on-chain analytics resource CryptoQuant, said that the cryptocurrency had taken far less of gold’s market cap than previously claimed. Realized cap cools Bitcoin numbers game As Bitcoin grew in price towards the end of 2020 and hit all-time highs of $42,000 last week, a narrative appeared that investors were swapping gold for…

COINBASE MOBILE APP – COMPLETE BEGINNERS TUTORIAL

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Former Coinbase compliance exec joins BitGo as new CCO

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BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase. Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the same role at Coinbase since July 2018. The new exec will be replacing BitGo’s former CCO Matt Parrella and will oversee the company’s compliance and Anti-Money Laundering programs to ensure compliance and regulatory requirements. Horowitz told Cointelegraph that one of the biggest compliance challenges in serving…

Google’s Subsidiary YouTube Suspends Channel of Trump for a Week

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The move to suspend Trump’s YouTube channel ostensibly came after civil rights groups threatened to organize an ad boycott against the firm.  Following last week’s capitol hill violence, Google‘s subsidiary YouTube has suspended the channel of President Donald Trump for a week. Notably, the company noted that the suspension will be up for review after seven days. “After careful review, and in light of concerns about the ongoing potential for violence, we removed new content uploaded to the Donald J. Trump channel and issued a strike for violating our policies for…