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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, TETHER News
Bitcoin Market Capitalization Reaches All-Time High After $ 18,450 Injection
Bitcoin’s monumental move to overcome $ 18,450.
On the morning of November 18, the Asian trading session was tumultuous as bitcoin prices soared to over $ 18,450 and then plummeted to the 50-hour moving average of $ 17,100. This indicates that many leveraged positions are being liquidated. Since then, BTC has returned to the $ 17,800 level it is currently trading at.
500,000 BTC worth $ 8.5 billion is currently owned by Grayscale
Grayscale Investments has reached another important milestone by becoming the proud owner of 500,000 BTC.
Grayscale, which manages Barry Silbert’s cryptocurrency funds, has posted an update on its Bitcoin holdings, which now stands at 500,000 BTC.
As for the total amount of bitcoins that Satoshi programmed, that number is roughly 2.4 percent of the 21 million. The total cost of the cache is approaching $ 8.5 billion. And according to the company’s latest balance sheet, Grayscale is now amassing net AUM of almost $ 10 billion.
DeFi Idle Finance Yield Optimizer Raises $ 1.2M Seed Funding
The Idle Finance team raised $ 1.2 million in seed funding.
The round was led by gumi Cryptos Capital with contributions from Quantstamp, BlockRock Capital and Long Hash, among others. With fresh capital, Idle plans to expand its profitability optimization protocol with new features.
Mass pre-orders for the latest Bitcoin ASIC miners are sold out until next spring.
Mass pre-orders for the most powerful Bitcoin miners from major producers are sold out until May 2021.
Mass pre-orders for the most powerful Bitcoin mining hardware from major manufacturers are already pending until next May, suggesting an increase in institutional demand for such hardware.
Bitmain’s official website reveals that pre-orders for its AntMiner flagship products S19 Pro, S19 and T19 will have to wait until May 2021 for delivery, which means that pre-orders with deliveries prior to that have already been sold out from the bitcoin hardware giant.
Pre-orders for Bitcoin ASIC miners
Institutions Help Drive Growth As Bitcoin ETP Volumes Increase 50%
The market cap and volumes of Bitcoin and Crypto ETP have skyrocketed as institutions buy up BTC.
A recent study found that institutional-grade exchange-traded products have skyrocketed this month.
A digital asset management survey found that cumulative exchange-traded product volumes grew 53% in the past 30 days. Average daily volumes are now $ 173.5 million, up from $ 113 million in October.
Is Tether’s $ 18 billion market cap a threat to XRP?
USDT Market Cap Approaching $ 18 Billion
USDT replaced XRP again, ranking third in terms of market capitalization. According to Skew, it hit a new high of $ 18 billion. On Coinmarketcap.com, Tether has a market cap of 0.13 billion, not 18 billion.
Amid the influx of smart money, demand on spot exchanges is skyrocketing, and this could be the main driver behind Tether’s growing market capitalization. In addition, over the past few months, Tether has already recorded higher trading volumes compared to Bitcoin. While Bitcoin left the exchanges and was transferred to private wallets, reserves fell and Tether’s trading volume and market capitalization rose significantly.
Market Capitalization USDT
Ethereum Breaks First Key Resistance As Analysts Go For $ 480
While Bitcoin topped $ 17,000, Ethereum showed only moderate momentum.
Ethereum is trading at just over 2% at the current price of $ 470. This is where it has traded over the past few days and weeks, with significant selling pressure.
Robinhood is preparing for a potential IPO in early 2021
Robinhood Markets trading platform starts looking for banking partners
According to Bloomberg, the Robinhood Markets trading platform has begun looking for banking partners to help it with its initial public offering, which could take place in early 2021.
The IPO will seek to capitalize on Robinhood’s lucrative audience of new investors who are flocking to the company’s popular stock trading platform. According to the latest figures, the firm was valued at $ 11.7 billion.
ConsenSys Acquires Blockchain Toolkit Developer’s Truffle Suite
ConsenSys has expanded its blockchain development toolbox by acquiring Truffle Suite team and technology.
Blockchain software giant ConsenSys has acquired DLT Truffle development project for an undisclosed amount. The Truffle Suite add-on aims to enable ConsenSys to provide its customers with an even more complete set of blockchain development tools.
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