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Although he is based in the North Pole, Santa Claus spends much of his December touring the globe, making appearances at countless holiday-themed engagements in the run up to Christmas Eve. In payment for these rendezvous, Santa has long been known to accept tips in a variety of different currencies, assets and edible . . . → Read More: Forget the milk and cookies, Santa is accepting Bitcoin this holiday season  Recent news reports suggest that U.S. lawmakers may announce a new round of economic stimulus worth about $908 billion before the end of today. This second package, if announced, will add to the existing debt pile and may send the U.S. dollar index (DXY) lower. The index is already trading near its lowest level since . . . → Read More: Price analysis 12/7: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK: US equity indices climbed to their record highs even though nonfarm payroll data disappointed Asia-Pacific stocks opened mixed, with ASX 200 edging higher while the Nikkei 225 and Hang Seng opened flat The US may soon start deploying the coronavirus vaccine, raising hope for a faster economic . . . → Read More: Dow Jones, Hang Seng Weekly Open: Edging Higher with Fading Momentum 
A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an over tenfold increase from the 91,000 addresses on Dec. 6, 2019. But while the growth has been undeniable, some experts caution not to interpret . . . → Read More: A million down, a billion to go: How does DeFi reach mass adoption?  Bitcoin’s (BTC) price has been hovering near the $19,000 level for the past few days. Whenever the price consolidates near the all-time high, it is an indication of strength. However, the question troubling investors is whether Bitcoin will source enough momentum to pull above $20,000 or will it witness a sharp correction in . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, XMR, VET, AAVE  2020 was unequivocally the year of decentralized finance. Driven by surging interest and striking breakthroughs, DeFi protocols accelerated financial innovation while reshaping the blockchain landscape. Buoyed by innovations in cross-chain asset gateways and DeFi protocols, Ethereum has attracted a substantial amount of Bitcoin (BTC) assets, thus cutting into Bitcoin’s on-chain transfers. Moving forward, this . . . → Read More: The butterfly effect: Why DeFi will force BTC to break its 21M supply ceiling 
Synthetic assets, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly competitive landscape as two new projects aim to bring scalability and new markets to traders. On Friday, decentralized derivatives exchange Injective Protocol began a push into synthetic assets with the launch of a 24/7 synthetic . . . → Read More: Synthetic assets get real: Competition for scalability, new markets heats up  Advertisement Equities in the US, Europe and Asia Pacific region aimed mostly higher this past week as the world inched closer towards the first doses of a coronavirus vaccine. Still, the tech-heavy Nasdaq Composite outperformed the Dow Jones Industrial Average. Investors welcomed progress from the US towards a $908b Covid relief package . . . → Read More: Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses  S&P 500 FUNDAMENTALFORECAST: BEARISH Stimulus hopes and vaccine developments pushed the US Dollar to a fresh 2.5-year low A potential rebound in the US Dollar may hinder stock markets’ record rally The S&P 500 index is trading at 28.7 times price-to-earnings (P/E) ratio, far above its 5-year average Advertisement The upward trajectory of . . . → Read More: S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds  According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a “conservative” target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally. There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First, “HODLers,” or long-time . . . → Read More: ‘It will send BTC’ — On-chain analyst says Bitcoin hodlers are only getting stronger  USD/MXN Fundamental Forecast: Neutral Advertisement EMERGING MARKETS OUTSHINE SAFE-HAVENS Investor’s growing demand for riskier assets has sent emerging market currencies soaring since the height of the coronavirus pandemic back in March. USD/MXN has enjoyed an influx of sellers in November, its second consecutive month of declines, and further US Dollar weakness – . . . → Read More: USD/MXN Forecast: Bearish Case is Weakening as Peso Strength Might Become an Issue 
On November 21st, the world’s first social media-managed, personality-branded non-fungible token (NFT) revealed itself to the cryptotwitter world: Axie #265, also known as “Axia.” Axies — the cute, digital critters inspired by Pokemon — populate the rapidly growing blockchain-based game Axie Infinity. Each one is backed by an NFT, and even those who . . . → Read More: ‘I am a wonder:’ An interview with an Axie Infinity NFT  For the past week, Bitcoin (BTC) price has been flirting with the $20,000 mark, which has led some traders to lose their patience. In the eyes of some traders, the lack of bullish momentum is problematic, especially considering that BTC tested the $16,200 level roughly a week ago. Experienced traders know that there are . . . → Read More: 3 key metrics to watch as Bitcoin price tries to top $20,000  Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price hits new all-time high as crypto market . . . → Read More: BTC nerves, XRP bombshell, Libra rebrand: Hodler’s Digest, Nov. 28–Dec. 5  Advertisement Weekly Fundamental Gold Price Forecast: Neutral Gold prices in USD-terms have rallied sharply this week, but gold’s gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar weakness is masking gold’s own bearish underlying fundamentals. Rally this week or not, there has been a material regime change in the . . . → Read More: Weekly Fundamental Gold Price Forecast: Can You Trust The Rebound in XAU/USD? 
Next week, Canadian digital asset investment manager 3iQ will be launching an IPO for the world’s first Ethereum ETF, The Ether Fund, on the Toronto Stock Exchange (TSX) under the ticker QETH.U. The maximum offering for the launch is $100 million, and the closing date of the offering will be no later than . . . → Read More: Ethereum ETF to debut on the Toronto Stock Exchange  The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD. Bitcoin rally keeps stalling at $19,500 Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the . . . → Read More: Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios 
Chart created with TradingView US Dollar (DXY) Price, News and Analysis: The latest NFP report highlights job market weakness. Fed expected to keep monetary policy loose for longer. Advertisement The US dollar basket (DXY) hit lows last seen over two-and-a-half years ago this week as relentless selling kept forcing . . . → Read More: US Dollar Weekly Outlook: In One Word – Frail  Fundamental Euro Forecast: Neutral After the past week’s strong advance by EUR/USD, a period of consolidation at the higher levels would be no surprise. Much though will depend on two critical meetings in the week ahead. At one, the European Central Bank will likely ease Eurozone monetary policy still further. At the other, EU . . . → Read More: Euro Forecast: EUR/USD Consolidation Due as ECB and EU Leaders Meet 
Australian Dollar Fundamental Forecast: Bullish Easing coronavirus restrictions may continue to underpin AUD. Better-than-expected economic data may sway the RBA to retain its wait-and-see approach in the near term. Deteriorating Australia-China relations may undermine the nation’s economic recovery. Recommended by Daniel Moss Get Your Free AUD Forecast . . . → Read More: Australian Dollar May Extend Gains Despite Escalating China Trade Tensions  Dan Tapiero, the co-founder of 10T Holdings, said weak hands have been shaken out in the gold market. This raises the probability of a gold rally in the near term, especially as it comes off of an 80-day pullback period. A rally in gold and the dollar may dampen Bitcoin price Bitcoin has seen . . . → Read More: Bitcoin price rally at risk as gold and US dollar show signs of recovery  Advertisement US Dollar Forecast Overview: The disappointing US labor market data has boosted speculation that US Congressional leaders will finally agree to another tranche of fiscal stimulus. While the past two trading days produce long wicks on the daily charts – often a sign of exhausted selling – it can’t be denied that . . . → Read More: US Dollar Steadies After Disappointing November US Jobs Report  A few years back, Bitcoin’s (BTC) price was controlled by whales as the crypto market lacked depth and was relatively illiquid. If whales were selling in unison, no one wanted to venture out and buy. Similarly, the whale’s concerted buying easily boosted prices higher. However, that is not the case anymore. With the arrival . . . → Read More: Price analysis 12/4: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM Ethereum 2.0 recently fired up its Beacon Chain, concluding Phase 0 of a scaling effort years in the making. Although he expressed faith in Eth2, Celsius CEO and founder Alex Mashinsky believes that the network could lose its spotlight if it doesn’t scale quickly and significantly. “Ethereum needs to prove it can scale . . . → Read More: Celsius’ CEO thinks Ethereum could lose its market dominance if this doesn’t happen 
Bitcoin (BTC) got many investors hooked on crypto, but it’s Ethereum’s Ether (ETH) that’s beginning to garner more attention, according to Grayscale. In a phone interview with Bloomberg, managing director Michael Sonnenshein said 2020 has seen a significant rise in “Ethereum only” investors, underscoring the asset’s growing appeal beyond the development community. . . . → Read More: ‘Ethereum only’ investors are growing, according to Grayscale  In an interview with economist Marc Friedrich, MicroStrategy CEO Michael Saylor said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin (BTC) that were relevant four years ago are no longer applicable. Bitcoin monthly chart (Coinbase). Source: TradingView.com How is Bitcoin like Lebron? . . . → Read More: Here’s why Bitcoin is like ‘Lebron James,’ according to MicroStrategy CEO  Rand Dollar Outlook: Visit the DailyFX Educational Center to discover why news events are Key to Forex Fundamental Analysis Rand Holds Steady Despite Renewed Restrictions Despite reaching an all-time high in April 2020, USD/ZAR has steadily declined as bulls failed to maintain favor. Although the economic implications of Covid-19 have caused panic . . . → Read More: South African Rand Dollar Forecast: USD/ZAR Stands Firm as Risk-On Sentiment Prevails  GBP/USDFUNDAMENTAL HIGHLIGHTS: GBP/USD at 1.35 Is Brexit Breakthrough Near? How Much GBP Upside is Left? GBP/USD at 1.35: Another week passes by, another week closer to the end of the transition period and still no agreement has been reached between the EU and UK. That said, as market participants await the outcome . . . → Read More: GBP/USD Weekly Forecast: Is a Brexit Breakthrough Imminent? Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC. Peirce, nicknamed “Crypto Mom” for her interest in digital-asset innovation, mentioned that the quickly rising DeFi sector has resulted in a . . . → Read More: DeFi and Eth2 are whole new convos for regulators, says SEC’s Hester Peirce  EUR/USD Rate Talking Points EUR/USD retains the series of higher highs and lows from earlier this week despite the kneejerk reaction to the US Non-Farm Payrolls (NFP) report, and recent developments in the Relative Strength Index (RSI) indicate the bullish momentum may gather pace as the oscillator sits in oversold territory for the . . . → Read More: EUR/USD Outlook Unfazed by NFP Report as RSI Sits in Overbought Zone  US Dollar Analysis & News US NFP Softer Than Expected, USD Whipsaws Data Reaffirms Need for COVID Relief Advertisement US NFP Softer Than Expected, USD Whipsaws US NFP headline at 245k, notably missing expectations of 460k, while the prior reading had been revised lower to 610k from 638k. Elsewhere, the unemployment rate dipped . . . → Read More: US Dollar Whipsaws on Soft Non-Farm Payrolls Report  Talking Points: Employment change beats expectations by 40k jobs Unemployment rate tightens to 8.5% from October’s 8.9% Numbers still weak compared to earlier in the recovery Advertisement Canada Jobs Numbers Beat Expectations This morning’s Canada jobs report saw employment change print at 62k vs. the forecast of 20k and the . . . → Read More: Canadian Jobs Report Beats Expectations  The price of Bitcoin (BTC) has been seeing a massive run in recent months as it surged by almost 100% from $10,000 to $19,800. However, the all-time high region at $20,000 has been showing significant resistance, causing the price to drop several times including today, as BTC has now fallen below $19,000 on Dec. . . . → Read More: Bitcoin price correction begins — Here’s how low BTC can go  Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze tightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, large-scale buyers are still creating more demand than supply can meet. Exchange inflows and Grayscale buy-ins Statistics from on-chain analytics service Coin98 confirmed that . . . → Read More: Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours  Brexit Outlook and Sterling (GBP/USD) Price, Analysis and Chart: Brexit trade talks hit a difficult patch. US NFPs deserve short-term attention. GBP/USD – bullish client sentiment. Advertisement EU/UK post-Brexit trade talks have reportedly hit a difficult patch and with only days to go before a decision needs to be made, the chances of . . . → Read More: Sterling Latest: GBP/USD Prepares for Brexit and NFP Event Double  Shapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand Bitcoin now based on its astonishing rate of return. Voorhees made the comments while retweeting data shared by analytics platform Messari co-founder Dan McArdle that shows Bitcoin has dramatically outperformed everything over the last . . . → Read More: Every asset manager must understand Bitcoin — Erik Voorhees  The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage. According to Unchained Capital’s “hodlwaves” metric, which measures the time since Bitcoin has moved on-chain, roughly 15% of the Bitcoin that had not been moved for between five and seven years as of . . . → Read More: $3.6 billion worth of Bitcoin coaxed from long-term storage by November rally 
An unusual interview with Bitcoin SV (BSV) proponent Jimmy Nguyen on Fox Business earlier today appears to have been cut short after Nguyen kept criticizing Bitcoin. Nguyen appeared on the Dec. 3 episode of Fox Business’ Varney and Co. to discuss the increasing interest around Bitcoin, but the interview came to an abrupt . . . → Read More: Did Fox Business book a Bitcoin SV proponent by mistake?  S&P 500, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK: US stocks erased gains on Pfizer’s vaccine news, setting a mixed tone for APAC Congress moved a step closer to reaching a relief package, sinking the US Dollar Asia-Pacific stock market rally appears to be talking a pause; nonfarm payroll data in focus Advertisement Asia-Pacific stocks . . . → Read More: Nikkei 225, ASX 200 Hover At Recent Highs Ahead of Nonfarm Payroll  After a rather lengthy wait, the Bitcoin (BTC) price is finally back to the same price range it was in three years ago. Back in 2017, when the Bitcoin price peaked near $19,900, most altcoins also posted 200% or higher weekly gains. Fast forward to the present time, and BTC’s $19,100 price is virtually . . . → Read More: 3 key ways 2021’s Bitcoin bull run may differ from 2017’s  Vaccine Optimism, Australian Dollar, AUD/USD– Talking Points AUD/USD pushes higher as vaccine news underpins traders’ sentiment US Dollar struggles further as the vaccine-driven 2021 outlook strengthens Lack of economic data prints leave sentiment and technicals to drive price Advertisement U.S. markets continued to enjoy a risk-on tilt Thursday as vaccine hopes boost economic . . . → Read More: Australian Dollar Outlook: AUD/USD May Rise, Overbought Conditions Eyed  Since hitting a new all-time high, Bitcoin (BTC) price has been unable to flip the $19,400 level to support. This is likely due to the possibility that whales are selling aggressively in the $19,400 to $19,600 range to prevent the all-time high from being breached. Above the record high, there is little resistance until . . . → Read More: Analysts say surging Bitcoin whale inflows heighten chance of BTC correction 
Legendary investor Paul Tudor Jones has likened Bitcoin (BTC) to precious metals, and other cryptocurrencies to industrial metals, in terms of use case — a clear indicator of where he thinks the market is headed over the next 20 years. In a Thursday interview with Yahoo Finance’s Julia LaRoche, Jones outlined his vision . . . → Read More: Bitcoin is the ‘wrong price for the possibilities it has,’ says Paul Tudor Jones 
Google searches for Bitcoin (BTC) appear to be far less popular today than they were when the asset achieved its previous all-time high in December 2017. “2017 was all about hype and first-time users jumping in to try to catch BTC because of FOMO (Fear Of Missing Out),” Celsius CEO Alex Mashinsky told Cointelegraph. “This . . . → Read More: This bull market is different because people already know about crypto, Celsius CEO says  Advertisement November Canada Jobs Data Overview: The November Canada employment change and unemployment rate are due out on Friday, December 4, at 13:30 GMT. USD/CAD rates have just fallen to fresh yearly lows, and in the process may be setting up a test of a key longer-term Fibonacci retracement in the coming sessions. . . . → Read More: FX Week Ahead: November Canada Jobs Report & USD/CAD Rate Forecast  Gold Price Talking Points The price of gold extends the rebound from the November low ($1765), with the Relative Strength Index (RSI) exhibiting a similar dynamic as the indicator bounces back from oversold territory, but the precious metal faces a key test going into the end of the week as it comes up . . . → Read More: Gold Price Rebound Brings Former Support Zone on Radar 
The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin. Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used as guidance to identify the projects that should . . . → Read More: Kraken pledges $150,000 to Ethereum devs in latest Gitcoin Grants Round 
S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins as an “emerging asset class.” Bitcoin and altcoins hit Wall Street finance The . . . → Read More: Bitcoin arrives on Wall Street: S&P Dow Jones launching crypto indexes in 2021  The demand for the Grayscale Bitcoin Trust (GBTC) continues to rise with its premium surpassing 30% on Dec. 3. This indicates that Bitcoin (BTC) is seeing increasing institutional demand as its price consolidates above $19,000. The Grayscale Bitcoin Trust is an institutional vehicle that is tradable in the United States through over-the-counter markets. Accredited . . . → Read More: Institutions rushing into $19K Bitcoin as GBTC premium hits 6-month high 
The U.K. Tory Party’s nemesis, Nigel Farage, has gone “full crypto.” Last Friday, Farage sat down for a video interview to discuss all things crypto with Sam Volkering, editor of Southbank Investment Research — which is, notably, the publisher of Farage’s recently launched investor newsletter “Fortune & Freedom.” In the interview, Farage derided . . . → Read More: Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage  USD/JPY Price Analysis & News USD/JPY Bias is Lower Watch US Yields for USD/JPY Direction Sizeable Option Expiries to Maintain 104.00-104.50 range Advertisement USD/JPY has traded within a relatively narrow range thus far, however, while the bias remains lower, a continued push higher in US yields as has been the case this . . . → Read More: Japanese Yen Outlook: USD/JPY Bias Remains Lower, Key Support Eyed 
The biggest events in DeFi this week all involved Yearn.finance, the yield farming optimization protocol. I covered the first, Pickle Finance, in my last installment. Since then, we’ve seen integrations with Cream Finance, a lending protocol similar to Compound; Cover Protocol, an insurance provider that recently paid out users for the Pickle hack; . . . → Read More: Finance Redefined: What’s a DeFi merger, anyway? Nov. 25–Dec. 2 
As Ripple reportedly prepares to relocate its headquarters outside of the United States, it turns out that only 5% of the company’s clients are based in the country, according to the firm’s CEO. On Dec. 2, Ripple CEO Brad Garlinghouse sat for an interview with CNN anchor Julia Chatterley to discuss Ripple’s regulatory . . . → Read More: 95% of Ripple’s customers are not from the US, CEO Garlinghouse says 
Crypto data aggregator Messari believes that roll-ups will beat out layer-one solutions in the race to scale Ethereum. Although Eth2’s beacon chain genesis successfully took place on Dec. 1, analysts predict the upgrades spanning the Ethereum 2.0 overhaul will not be completed until 2022. As such, Messari recently asserted the wait for Eth2’s . . . → Read More: Rollups to preserve Ethereum’s DeFi monopoly despite competitors: Messari 
Cyber Security firm CipherTrace has issued a warning after noting a surge in reports over the past 24 hours of user funds being stolen by a malicious Chrome browser extension posing as popular crypto wallet MetaMask. The warning was issued under the headline, “ALERT: Malicious Crypto Browser Extension — Masked MetaMask” and reported . . . → Read More: CipherTrace warns of surge in funds lost to MetaMask phishers 
Speaking during the Ethereum in the Enterprise — Asia Pacific 2020 conference on Dec. 3, ConsenSys founder and Ethereum contributor, Joseph Lubin, predicted that Eth2 will devour Ethereum in “the not-too-distant future.” “People in the know around the ecosystem are very optimistic about how fast things could unfold, as the really complicated work . . . → Read More: Joseph Lubin says insiders are ‘very optimistic’ about how fast Eth2 will unfold DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK: Dow Jones, S&P 500 and Nasdaq indexes closed +0.20%, +0.18% and -0.05% respectively A US$ 908 billion bipartisan stimulus plan serves as the basis for new round of negotiations The House approved a legislation on US-listed Chinese firms, threatening their listings Advertisement US Stimulus Plan, Legislation . . . → Read More: Dow Jones Rises on Stimulus Hopes, Chinese Firms Face US Delisting Threat  AUD/NZD, Sentiment, Covid – Talking Points: AUD/NZD lifts, but incoming bearish signal could further plague cross The S&P 500 closed at record high for second consecutive day China Caixin Composite PMI may drive sentiment in APAC trading Advertisement U.S. equity markets continued to march higher in Wednesday’s New York trading session, with the . . . → Read More: AUD/NZD Bounces but Incoming Death Cross May Keep Outlook Bearish 
Crypto broker Bitcoin Suisse recently installed a blockchain-related Christmas advertisement in the Zurich Main train station in Zürich, Switzerland. The ad, which is largely indecipherable to non-native speakers, involves a piece of broccoli, a shoe, and one lone Bitcoin (BTC). The text above the images reads Neujahrsvorsätze, a German word meaning “New Year’s resolutions.” . . . → Read More: Broccoli and Bitcoin, a holiday love story  NFP and Forex Trading: MAIN TALKING POINTS Non-Farm Payrolls (NFP) releases create volatility in the forex market. NFP measures net changes in employment jobs. Forex traders use an economic calendar to prepare for NFP releases. What is the NFP? The non-farm payroll (NFP) figure is a key economic indicator for . . . → Read More: NFP and Forex: What is NFP and How to Trade It? Gold Price Outlook: Gold fell beneath $1,800 for the first time since mid-July last week despite USD weakness While the fundamental landscape remains largely unchanged, the technical break might undermine the metal’s bullish outlook If the longer-term continuation higher is to continue, the next line in the sand might be $1,750 Gold Price Forecast: . . . → Read More: Gold Price Forecast: Bullish Outlook in Question After Key Technical Break  Oil Price Talking Points The price of oil snaps the series of lower highs and lows carried over from the previous week as US crude output sits at its lowest level since 2018, and energy prices may continue to retrace the decline resulting from the COVID-19 pandemic as crudepreserves the upward trend established . . . → Read More: Oil Price Tracks Upward Trend as US Crude Output Holds Steady Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2. “I think the question should be, what is not the next . . . → Read More: Ethereum 2.0 still has a long road ahead, MEW founder says  Bitcoin price hit a new all-time high above $19,892 on Dec. 1. This is a significant event because it proves that the rally in 2017 was ahead of fundamentals but not a bubble. Generally, when a bubble bursts, it takes several years for the price to cross the high made during the bubble. For . . . → Read More: Price analysis 12/2: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM 
Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project. The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon . . . → Read More: Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch 
The state of the world economy has pushed institutional investors to look for alternative methods of investment. And more and more often, Bitcoin (BTC) is becoming such a tool. Since August, business intelligence firm MicroStrategy has purchased BTC worth a total of $425 million. At the same time, digital asset manager Grayscale Investments . . . → Read More: Institutional investors won’t save crypto, but they will help it grow 
There are three key roles within the Stkr ecosystem. Providers deliver the computing resources that drive the Eth2 nodes — and they pay insurance that acts as a guarantee against poor hardware performance. These funds will be used to compensate stakers if there is an outage, but providers also stand to . . . → Read More: The challenges of Eth2 staking, explained Digital asset manager Grayscale has announced a share split for its Ethereum Trust — a move that could make the fund more attractive to individual investors. In an official press release, Grayscale announced Wednesday that the split will be implemented on Dec. 17, with shareholders of record receiving eight additional shares for each . . . → Read More: Grayscale Ethereum Trust to implement 9-for-1 share split  Bitcoin (BTC) may get fresh support for a record-breaking year in 2021 thanks to the demise of a familiar foe: the U.S. dollar. As various sources noted this week, the dollar is trading at almost three-year lows against various currencies and five-year lows against the Swiss franc. Analyst: Long-term trend “clearly dollar weakness” . . . → Read More: Bitcoin, gold to benefit as Peter Schiff predicts ‘worst year ever’ for US dollar 
There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes. On Wednesday, Schulman joined the Web Summit online conference to discuss the cashless era of the global financial industry with Squawk Box host Andrew Ross Sorkin. As part of the . . . → Read More: PayPal CEO calls on crypto industry to work hand in hand with regulators 
Withdrawal contracts for Ether staked on Ethereum 2.0 could become available as early as Q1 2021 allowing decentralized Eth2 staking service Rocket Pool to launch. While Phase 0 of Eth2’s roll-out was launched with its Beacon Chain on Dec. 1, the 900,000 Ether deposited by stakers will not be available for withdrawal until . . . → Read More: New withdrawal contracts will enable Rocket Pool Eth2 staking service to launch  S&P 500, STRAITS TIMES, CHINA A50, ASX 200 INDEX OUTLOOK: US equity futures erased some gains after a “risk-on” session, the S&P 500 closed at record high Congress is bringing stimulus talks back on the table, boosting risk Straits Times and ASX 200 indexes look set to open higher, China A50 index at 12-year . . . → Read More: S&P 500 Hits Record High on Stimulus Hopes, Straits Times Index May Rise  AUD/USD, Australian GDP, Sentiment – Talking Points Australia’s Q3 GDP growth rate crosses the wire at 3.3% QoQ AUD/USD moved higher but reaction appears underwhelming Annual growth still down by 3.8% following Covid calamity Advertisement The Australian economy grew at a quarterly rate of 3.3% according to the latest GDP report from the . . . → Read More: Australian Dollar Forecast: AUD/USD Whipsaws on Upbeat AU GDP Print  2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked. When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether . . . → Read More: Ethereum’s market cap surpasses GM, CME, and tech stocks — What’s next? Silver, XAG/USD, Australian GDP – Talking Points Silver prices soared today as stimulus hopes reemerged in the U.S. US Dollar breaches fresh multi-year lows as sentiment improves Australian GDP is in focus for the Asia-Pacific trading session Advertisement Stimulus hopes are once again driving market sentiment. December is kicking off with a risk-on . . . → Read More: Silver Boosted on Renewed Stimulus Hopes, Equities Focus on AU GDP Next  Dow Jones Price Outlook: Advertisement Dow Jones Forecast for the Week Ahead The Dow Jones trades just narrowly beneath record levels after capping off an incredible November that saw the index surge. While a sectoral rotation trade helped propel the DJIA beyond that of the Nasdaq 100 and S&P 500 for the month, . . . → Read More: Dow Jones Forecast for the Week Ahead 
Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are seemingly buying crypto after selling their gold investments, with gold . . . → Read More: Bitcoin adoption is the main key right now, Novogratz says  Digital asset manager Grayscale is bringing back its controversial “drop gold” campaign just in time for the potential Bitcoin (BTC) bull market. CEO Barry Silbert tweeted Tuesday that the 30-second advertisement will be “running on major networks all over the country.” The commercial implores investors to “leave the pack behind” by dropping gold and . . . → Read More: Grayscale dusts off its #dropgold campaign with fresh ad push  The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback. After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback. The deep correction . . . → Read More: Why Ethereum price corrected sharply despite today’s Eth2 milestone  Australian Dollar Talking Points AUD/USD consolidates ahead of Australia’s Gross Domestic Product (GDP) report as the data is expected to confirm the first recession in nearly 30 years, but key market trends may keep the exchange rate afloat throughout the remainder of the year as the Reserve Bank of Australia (RBA) moves to . . . → Read More: AUD/USD Rate Fails to Test of 2020 High Ahead of Australia GDP Report  Bitcoin (BTC) finally managed to secure a new all-time high, but the digital asset rejected strongly near $20,000. On-chain analysts say a sell-off from whales and miners, combined with the $20,000 level acting as a resistance level caused a fierce drop. BTC/USD 15-minute chart. Source: TradingView What led whales and miners to sell Bitcoin? . . . → Read More: 3 reasons why Bitcoin price violently rejected near $20,000 
Coinbase, the United States’ largest cryptocurrency exchange, announced that it facilitated one of the largest institutional Bitcoin (BTC) purchases in 2020. According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin in September 2020. Brett Tejpaul, head of institutional sales at Coinbase, provided . . . → Read More: Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020  Bitcoin (BTC) continued an intense day of volatility on Dec. 1, hitting lows of $18,400 just over an hour after challenging $20,000 and breaking a new all-time high. Cryptocurrency market overview from Coin360 Bitcoin sheds $1,600 in under 2 hours Data from Cointelegraph Markets and TradingView tracked BTC/USD as it delivered some of its . . . → Read More: Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility 
After literally years in the making, the genesis block of the Ethereum 2.0 beacon chain has finally seen the light of day. The repeatedly delayed scalability and security upgrade to the second-largest cryptocurrency by market cap confidently took its first breath as planned, at just after 12 pm UTC on Dec. 1. The . . . → Read More: Ethereum 2.0 is go: Genesis block of beacon chain winks into existence 
The flurry of Yearn.finance (YFI) “mergers” continues as the project announces the tightest DeFi integration yet, this time with SushiSwap (SUSHI), the decentralized exchange that began its life as a Uniswap fork. Announced by Yearn founder Andre Cronje on Tuesday, the collaboration involves a variety of synergies between the two ecosystems and other . . . → Read More: Yearn’s merger with SushiSwap will be the most comprehensive to date  Ethereum 2.0 genesis stakers have pushed the total number of Ethereum nodes past the number of Bitcoin nodes for the second time this year. According to Ethernodes.org, 11,259 Ethereum nodes are currently active, giving it a roughly 1% lead over Bitcoin’s 11,136. Ethereum’s node count last surpassed Bitcoin’s in early September. The number of . . . → Read More: Ethereum flips Bitcoin’s node count  S&P 500, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK: US equity index futures rebounded after falling on Monday, setting a positive tone for APAC Concerns about a potential post-Thanksgiving viral resurgence weighed on sentiment Australia’s ASX 200 index is testing the 20-Day Simple Moving Average, RBA meeting in focus Advertisement Asia-Pacific stocks are struggling after . . . → Read More: Nikkei 225, ASX 200 Attempt to Defy Gravity as S&P 500 Futures Turn Positive  Dow Jones, USD/JPY, RBA – Talking Points The Dow Jones Industrial Average led US equity indexes higher USD/JPY faces a key resistance level marked by last year’s low RBA interest rate on tap for traders in December’s first session Advertisement U.S. equity indexes slipped lower on Monday but the Dow Jones Industrial Average . . . → Read More: USD/JPY at Key Resistance, RBA Rate Decision May Set Market Mood  [embedded content] Bitcoin (BTC/USD) Price Forecast: Bitcoin has climbed more than 165% in the year-to-date as investors clamor for returns Heralded as a fiat alternative, BTC/USD may have benefited from accommodative monetary policy and covid-related stimulus programs Can Bitcoin continue its charge after reaching a new all-time high? Advertisement Bitcoin Price Forecast: . . . → Read More: Bitcoin Price Forecast: BTC/USD Tops 2017 Peak, Sets Sights Higher  Bitcoin (BTC) price came within striking distance of hitting a new all-time high today. This shows that institutional and retail investors continue to buy on every dip and BTC is in a strong uptrend. Hence, traders should not urgently looking to call a top. While Bitcoin has been creating new records, gold has corrected . . . → Read More: Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM  Nasdaq 100 Price Outlook: Advertisement Nasdaq 100 Forecast: What Can Traders Expect in December? The Nasdaq 100 closed November more than 11% higher for the month after surging in the aftermath of the US Presidential election and on the discovery of a potential coronavirus vaccine. The two themes took turns dominating headlines throughout . . . → Read More: Nasdaq 100 Forecast: What Can Traders Expect in December? 
Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday. Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin (BTC) from a wallet associated with the hack. The sum is . . . → Read More: Someone just moved $5M in BTC from the 2016 Bitfinex hack  The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet. On Coinbase, the price of Bitcoin hit its peak at $19,891 in December 2017. The all-time . . . → Read More: Why Bitcoin price has not hit a new all-time high — Just yet  Advertisement Brexit Deal Latest: Still no Brexit deal, but one is expected to be reached very shortly. GBP-crosses have shrugged off any indecent news, suggesting that underlying demand remains strong. Retail trader positioning suggests a mixed bias to the major GBP-crosses. The End of Brexit Negotiations Nears There’s still no Brexit deal, . . . → Read More: British Pound Forecast: Breakout Potential Remains for EUR/GBP, GBP/JPY, GBP/USD 
After years of delays and changes in plans, Ethereum 2.0 is finally approaching release on Dec. 1. Ethereum 2.0 Phase 0 is introducing the long-awaited mechanism of staking to the smart contract platform, in addition to launching the skeleton of a future Eth2 blockchain, the Beacon Chain. Progress in 2020 steadily picked up . . . → Read More: Eth2 dev talks about challenges and lessons learned ahead of mainnet launch 
U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform. In an official blog post, Coinbase says it plans to roll out Eth2 staking, trading and conversion services starting in early 2021. Once Eth2 is supported, . . . → Read More: Ethereum 2.0 staking is coming to Coinbase 
Gold bug and Bitcoin skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin (BTC), a much younger asset, sits close to its inflation-adjusted all-time high after just three years of downward pressure. Gold reached a price of $678 U.S. dollars in 1980, according . . . → Read More: Gold and Bitcoin eye inflation-adjusted all-time highs… but it’s taken gold 40 years 
Not one to mince words, Tyler Winklevoss reportedly told the business network CNBC that “Cash is trash.” In his view, it’s only a matter of time before investors dump the dollar and other fiat currencies for BTC: “At some point, it is hard to look at those data points and say that Bitcoin . . . → Read More: Tyler Winklevoss tells CNBC that ‘Cash is trash’  Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason. Data from cryptocurrency exchange Kraken shows BTC/USD hit its highest ever price on its order book — then dove to $16,600 in seconds. Kraken BTC price dumps $3,000 The . . . → Read More: ‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high 
Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and antivirus provider Kaspersky Lab. Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks that are likely to surge in 2021. Securelist has . . . → Read More: Bitcoin theft is likely to surge in meager post-COVID economy: Report |
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