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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News
COINVESTING PLATFORM –
Ethereum holds above $ 600
Ethereum started strong gains and broke the $ 600 resistance against the US dollar.
ETH price received a bullish momentum above the $ 585 and $ 600 resistance levels.
It traded near the $ 620 resistance and closed above the 100-hour simple moving average. The high is forming around $ 618 and Ether is showing positive signs similar to Bitcoin. It is currently consolidating gains and trading around the $ 607 level.
There was a slight break below the 23.6% Fibonacci retracement of the recent advance from the swing low of $ 572 to the high of $ 618. On the other hand, many supports are forming, starting at the $ 600 level.
Ethereum Price Shows Positive Signs
PrimeXBT Receives ADVFN Award for Best Margin Bitcoin Trading
PrimeXBT was selected for its wide range of trade analysis tools and focus on privacy, security and liquidity.
The award recognizes PrimeXBT’s efforts and their commitment to putting traders first with regard to their Bitcoin-based margin trading platform.
The basis of margin trading is the trader’s profitability and ease of use. To this end, PrimeXBT has focused on providing profitability through a range of cutting edge trading tools for its clients. The Bitcoin Arena for Margin Trades offers up to 100x leverage, as well as the lowest known commissions in the form of a 0.05% flat trading commission on all Bitcoin trades.
Exclusively available on PrimeXBT is a one-of-a-kind peer-to-peer copy trading module that connects new traders or inexperienced investors, this is Covesting, developed in partnership with the eponymous licensed financial software provider from Europe.
The platform offers a five-star rating system and a fully transparent global leaderboard to help you choose a solid strategy.
PrimeXBT Receives ADVFN Award
Coinbase will allow you to bet and trade Ethereum 2.0 tokens
Coinbase will allow the use of the ETH2 currency staking service.
Traders and hodlers awaiting the ETH2 update have received confirmation from Coinbase that the exchange will allow the ETH2 currency staking service. Of course, being a conflict-free update, Coinbase also guarantees trading with these new tokens.
The Coinbase team has also confirmed the compatibility of ETH and ETH2 tokens in the future, so users will be able to trade both as they wish. However, it is important to emphasize that in the event that they decide to put their coins into the Ethereum 2.0 smart contract, the funds will be frozen indefinitely.
Coinbase will allow Ethereum 2.0 tokens to be traded
DeFi Protocol Yearn.Finance Announces Fifth Merger, This Time Forked Uniswap SushiSwap
The DeFi Yearn.Finance and SushiSwap protocols are combined.
Decentralized Finance Protocol Yearn.Finance has announced another merger, this time with SushiSwap, a fork of the Uniswap decentralized exchange.
As part of this deal, the development resources of Yearn and Sushiswap will be combined, and their total frozen value will be combined. The current TVL Yearn is around $ 455 million and TVL SushiSwap is around $ 730 million, according to tracker DeFi Pulse, making it Yearn’s largest merger to date.
DeFi Yearn.Finance and SushiSwap team up
Canaan’s Net Profit Falls More Than 75% In Q3 Due To Bitcoin Price Hike
Canaan reported a 75% decline from the same period last year in the third quarter of 2020.
Bitcoin miner maker Canaan reported a 75.7% year-on-year decrease in net revenue as part of its Q3 2020 financials released on November 30. Canaan’s report said it had net sales of $ 24 million for the period. , which also represents a decline of 8.5% from profits recorded in the previous quarter.
According to financial data for the third quarter of 2020, the chip maker for Bitcoin mining recorded a net loss of $ 12.7 million, compared with a loss of $ 2.5 million in the second quarter of 2020 and $ 14.3 million in the third quarter of 2019. of the year.
Canaan’s profit fell 75%
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