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Singapore ready to launch wholesale CBDC, local exec says

Singapore is ready to launch it’s own central bank digital currency, or CBDC, said Sopnendu Mohanty, chief fintech officer at Singapore’s central bank and financial regulator, the Monetary Authority of Singapore.

Speaking on the subject during an exclusive interview with Cointelegraph, Mohanty pointed out that in Singapore, there is not much demand . . . → Read More: Singapore ready to launch wholesale CBDC, local exec says

Bitcoin price breaks past $18.8K as bears and bulls map out its path

There are both bearish and bullish scenarios for Bitcoin in the foreseeable future. The bear cases surround two key data points: rising BTC deposits from whales to exchanges and BTC’s lack of retests of crucial support levels. The bull cases are based on HODLer activity, address activity, the market capitalization gap between BTC and . . . → Read More: Bitcoin price breaks past $18.8K as bears and bulls map out its path

Morgan Creek and Exos file Bitcoin fund with SEC

Morgan Creek Capital Management and Exos Financial filed a new Bitcoin (BTC) fund with the United States Securities and Exchange Commission on Thursday. If approved, the fund will offer institutional investors another way to long the flagship cryptocurrency without the volatility of owning it outright. 

Kevin Rooke reported Friday that the Morgan Creek-Exos . . . → Read More: Morgan Creek and Exos file Bitcoin fund with SEC

Path to $20K Bitcoin price now wide open after previous resistance breaks

Bitcoin (BTC) hit new highs in excess of $18,750 on Nov. 20 as its latest extended bull run continued to delight investors.

BTC price inches closer to all-time highs

Data from Cointelegraph Markets, Coin360 and TradingView shows BTC/USD climbed swiftly after reclaiming $18,000, taking out its previous high of $18,420 to continue rising.

At . . . → Read More: Path to $20K Bitcoin price now wide open after previous resistance breaks

Ether wallet addresses with at least 1 ETH hit record high

The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators.

According to data from Glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov. 19:

#Ethereum . . . → Read More: Ether wallet addresses with at least 1 ETH hit record high

Ether hits $500 for the first time since June 2018, outperforming Bitcoin YTD

Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance.

Cryptocurrency market overview from Coin360.com Ether price sees $500 after more than two years

Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/USD briefly hitting the psychologically significant . . . → Read More: Ether hits $500 for the first time since June 2018, outperforming Bitcoin YTD

Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. To be precise, BTC has gained 110%, with prices rallying from $8,566 on May 11 to test $18,000 as of this writing.

According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity . . . → Read More: Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

Bitcoin rally set to continue after BTC whales build buy walls near $17.2K

According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200.

The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This shows that whales are using large buy orders to defend the $17,200 support . . . → Read More: Bitcoin rally set to continue after BTC whales build buy walls near $17.2K

Sexual Violence in India: Blockchain’s Role in Empowering Survivors

On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lee’s Life of Pi. 

Heading home afterwards they waited at a bus stop, and then boarded a private bus bound for Dwarka at around 9.30pm. But Jyoti didn’t . . . → Read More: Sexual Violence in India: Blockchain’s Role in Empowering Survivors

Bloomberg’s McGlone thinks Bitcoin could hit $170K over the next two years

Bitcoin (BTC) has risen to rarely seen price highs, currently stalling between $17,000 and $18,500 before deciding on its next move. Gold recently broke all-time U.S.-dollar price highs, surpassing $2,000 per ounce before pulling back and consolidating in price. Bloomberg Intelligence strategist Mike McGlone thinks the same could happen with BTC.

“Short term, . . . → Read More: Bloomberg’s McGlone thinks Bitcoin could hit $170K over the next two years

Bitcoin rebounds to $18K after crucial support level holds — What’s next?

Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 — a rally of 75% in less than three months.

What’s more, since March, BTC/USD has gained almost 400%, making it the best-performing asset of 2020 and likely catching many investors completely by surprise.

Let’s . . . → Read More: Bitcoin rebounds to $18K after crucial support level holds — What’s next?

Bitcoin price drop in 3, 2…1? Fear & Greed Index nears dangerous record high

Bitcoin (BTC) is all but guaranteed a price drop if one sentiment metric is right about the state of the market. 

On Nov. 19, with BTC/USD lingering at $17,500, the Crypto Fear & Greed Index hit 94, nearly matching its all-time high of 95 points out of 100 on June 26, 2019.

Fear & . . . → Read More: Bitcoin price drop in 3, 2…1? Fear & Greed Index nears dangerous record high

Finance Redefined: You get hacked, they get hacked, everyone gets hacked, Nov. 11–18

If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. In the span of one week, a total of four flash loan-enabled exploits were registered (one actually happened the week before, but wasn’t noticed until later).

We have, in order, Cheese Bank with a $3.3 million theft, . . . → Read More: Finance Redefined: You get hacked, they get hacked, everyone gets hacked, Nov. 11–18

Bitcoin analyst sees ‘perfect backdrop’ for $100K this bull cycle, $1M by 2035

Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph.

Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a “perfect backdrop” for new highs.

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Saunders: $1M Bitcoin price by . . . → Read More: Bitcoin analyst sees ‘perfect backdrop’ for $100K this bull cycle, $1M by 2035

Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Within the last 24-hours, Bitcoin (BTC) price hit an intraday high of $18,466.14 and this is just roughly 8% lower than the magical $20,000 figure being watched by many traders. 

However, investors in several countries such as Russia, Argentina, Brazil, and Mexico have already seen their Bitcoin holdings hit a new all-time high in . . . → Read More: Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Cointelegraph to auction digital collectibles inspired by famous works of art

Cointelegraph is the most widely read cryptocurrency publication in the world — but even though we’re proud of our words, sometimes a picture is worth a thousand of them.

Over the past seven years, our talented team of illustrators and graphic designers has created a unique and instantly recognizable visual identity. Cointelegraph illustrations are . . . → Read More: Cointelegraph to auction digital collectibles inspired by famous works of art

ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA

Ethereum co-founder Vitalik Buterin recently answered a number of community questions as part of an “ask me anything,” or AMA, session on Reddit. During the AMA, hosted by the Ethereum Foundation’s ETH 2.0 research team, Buterin said that he expects noticeable network improvements sooner rather than later.

“TLDR: merge happens faster, PoS happens . . . → Read More: ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA

Binance files US lawsuit against Forbes and two cryptocurrency journalists

Binance has filed a lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, alleging that an article published under the title Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators was defamatory. Binance is demanding both compensatory and . . . → Read More: Binance files US lawsuit against Forbes and two cryptocurrency journalists

Time is our best friend: Bitcoin’s 12-month trajectory to $100K

Back in June, I wrote that Wall Street remaining on the sidelines is not necessarily bad for our industry. While most traditional investors are still observing, Bitcoin’s (BTC) mainstream momentum has been building over the last four months. Currently, the Bitcoin price is hovering around $18,000, steadily approaching its historical all-time high.

Bitcoin . . . → Read More: Time is our best friend: Bitcoin’s 12-month trajectory to $100K

Bitcoin Suisse expects to offer Ethereum staking before Christmas

Crypto service provider Bitcoin Suisse expects to offer its Ethererum staking services before Christmas, underscoring the firm’s expectations of an imminent launch of Ethereum 2.0. 

In a statement released Wednesday via Trustnodes, Bitcoin Suisse said:

“The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest . . . → Read More: Bitcoin Suisse expects to offer Ethereum staking before Christmas

Ethereum 2.0’s long and winding road to scalability launch

On Nov. 4, Ethereum (ETH) core developers hit a significant milestone. In a “quick update” on the Ethereum Foundation blog, developer Danny Ryan confirmed the release of the v1.0 specs for the hotly anticipated Ethereum 2.0 upgrade, which includes the mainnet deposit contract address. Anyone who wants to participate as a validator on . . . → Read More: Ethereum 2.0’s long and winding road to scalability launch

‘This time is different’ — 10 Bitcoin charts show that this rally isn’t like 2017’s

Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally.

In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts, which as of this week, are higher than ever. . . . → Read More: ‘This time is different’ — 10 Bitcoin charts show that this rally isn’t like 2017’s

Ethereum’s top 10 DApps hit 1M users this month

Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar. 

This milestone comes as interest in decentralized finance, commonly referred to as DeFi, received a second wind, with the number of users growing by 11% in the first 11 days of . . . → Read More: Ethereum’s top 10 DApps hit 1M users this month

Why traders think a Bitcoin ‘blow-off top’ will occur above $18,000

Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you’re a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden . . . → Read More: Why traders think a Bitcoin ‘blow-off top’ will occur above $18,000

Bitcoin price blasts by $17.5K, but not all agree rally is sustainable

The price of Bitcoin (BTC) exceeded $17,400 in a strong intraday rally. On Coinbase, BTC even came close to the $17,700 mark, setting a new two-year high. As BTC glides through the multiyear resistance above $17,000, analysts are divided on its short-term outlook. Some say that BTC is primed for a pullback as whale . . . → Read More: Bitcoin price blasts by $17.5K, but not all agree rally is sustainable

Bitcoin has hit all-time highs against numerous world currencies

Bitcoin (BTC) is just a few thousand dollars away from its all-time high near $20,000 U.S. dollars. However, while much of the crypto industry watch Bitcoin’s price action in U.S. dollar terms, BTC has already achieved all-time high prices relative to numerous other world currencies.

In an Oct. 22 tweet, Alistair Milne mentioned . . . → Read More: Bitcoin has hit all-time highs against numerous world currencies

Bitcoin up 375% since Peter Schiff accidentally called the exact bottom

The Bitcoin (BTC) price bottomed at exactly the point that gold bug Peter Schiff said that it would crash further — and proponents are reminding him of his mistake.

Retweeting a now infamous Twitter post that Schiff made in mid March, popular trader “CryptoBull” noted that he had accidentally called Bitcoin’s bottom, not top. . . . → Read More: Bitcoin up 375% since Peter Schiff accidentally called the exact bottom

Hedera Hashgraph to be used for crowdsourced airstrike warning app in Syria

Sentry is an an app developed by Hala Systems that has been providing civilians with a crowdsourced and sensor-driven early warning system against airstrikes during the protracted civil war in Syria.

Live since 2016, the system has evolved to become more accurate and complex, using a sensor network, artificial intelligence and blockchain technology . . . → Read More: Hedera Hashgraph to be used for crowdsourced airstrike warning app in Syria

3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

The price of Bitcoin (BTC) surpassed $17,000 for the first time since December 2017, continuing its current uptrend. The rally comes after BTC broke out of the previous parabola, which initially caused concerns.

Three factors likely contributed to the ongoing rally: a new parabolic trend, resilience above $16,000, and Bitcoin absorbing whales’ selling pressure.

. . . → Read More: 3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

3 key on-chain metrics suggest Ethereum price is in a 2017-style bull run

The Ether (ETH) price is currently ranging between $440 and $470, similar to its price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400. 

Fast forward to 2020, and some investors believe a similar outcome may occur, as a few key on-chain . . . → Read More: 3 key on-chain metrics suggest Ethereum price is in a 2017-style bull run

Cheese Bank’s multi-million-dollar hack explained by security firm

An Ethereum-based decentralized finance platform known as Cheese Bank recently suffered a $3.3 million loss — the product of a hack in early November. The thieves utilized a somewhat newly found weakness in the DeFi sector that harnesses flashloans. The Cheese Bank thieves stole the cheddar via dollar-pegged stablecoins USD Coin (USDC), Tether . . . → Read More: Cheese Bank’s multi-million-dollar hack explained by security firm

Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market. 

Mike McGlone, senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is at the all-time high near $20,000. Once that is crossed, Bitcoin could reach a . . . → Read More: Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

Some loans on Maker are never liquidated, prompting debt auction overhaul

The Maker community is looking for solutions after an analysis by B.Protocol suggests that it is possible to exploit the liquidation system to create under-collateralized debt. 

The researchers created small vaults for $128, just above Maker’s “dust” parameter that defines the minimum size for new vaults. As Maker’s oracles updated to new prices . . . → Read More: Some loans on Maker are never liquidated, prompting debt auction overhaul

Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout

The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term.

There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke out of $16,000, taking out the $16,473 peak achieved on Nov. 13. . . . → Read More: Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout

Bitcoin price must break this level to extend 6-week winning streak

Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind.

These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction to . . . → Read More: Bitcoin price must break this level to extend 6-week winning streak

Dash claims ‘inaccurate categorization’ as ShapeShift delists privacy coins

It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. 

While the ban may sound extreme, regulators have recently . . . → Read More: Dash claims ‘inaccurate categorization’ as ShapeShift delists privacy coins

$1T market cap is ‘next big resistance’ for Bitcoin — Bloomberg analyst

Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst said.

In a tweet on Monday, as BTC/USD reclaimed $16,000, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, delivered a fresh bullish forecast for the . . . → Read More: $1T market cap is ‘next big resistance’ for Bitcoin — Bloomberg analyst

Mysterious ‘cat burglar’ pilfers CryptoKitty from digital art installation

On Friday, Kevin Abosch — an Irish conceptual artist who was among the first to use blockchain technology as a medium — reported that a dastardly heist had been committed in one of his on-chain installations, an Ethereum wallet-turned-artwork titled “Stealing The Contents of This Wallet Is a Crime” (2018).

In a Tweet . . . → Read More: Mysterious ‘cat burglar’ pilfers CryptoKitty from digital art installation

Bitcoin nerves, DeFi defiant, PayPal debut, Coinbase warning: Hodler’s Digest, Nov. 9–15

Coming every Sunday, 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 at $16,000 and beyond? Here are the . . . → Read More: Bitcoin nerves, DeFi defiant, PayPal debut, Coinbase warning: Hodler’s Digest, Nov. 9–15

Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, XMR, UNI

Bitcoin (BTC) has long been touted as digital gold by crypto enthusiasts. Now as the digital asset faces its first economic crisis since its birth, Bitcoin has validated the narrative and outperformed gold by a large margin in 2020. This suggests two important things, Bitcoin is here to stay and it is a better . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, XMR, UNI

Simple steps to keep your crypto safe

As the cryptocurrency market is in the midst of a major bull run with Bitcoin (BTC) approaching its all-time highs, the security concerns of cryptocurrency self-storage are becoming more relevant than ever.

On Nov. 12, Bitcoin — the world’s largest cryptocurrency by market cap — surpassed a $16,000 threshold for the first time . . . → Read More: Simple steps to keep your crypto safe

Yearn Finance formalizes operations budget as YFI rallies

After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses. 

YIP-54 aims to improve on previous proposals, including YIP-36 and YIP-41, which allowed for expenditures relating to hackathons, grants, security audits, bug bounties, and operations employee salaries. Under . . . → Read More: Yearn Finance formalizes operations budget as YFI rallies

Central bank digital currencies are dead in the water

Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the water already.

They say if you can’t beat them, join them. That’s exactly what CBDCs are attempting to do. . . . → Read More: Central bank digital currencies are dead in the water

A Bitcoin whale just shorted $100M BTC — Are big holders expecting a larger drop?

A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the past week.

Though the momentum of Bitcoin remains strong, there are many reasons that make $16,000 an attractive area for sellers.

There is significant . . . → Read More: A Bitcoin whale just shorted $100M BTC — Are big holders expecting a larger drop?

Ukraine is prepared to lead Eastern Europe’s crypto space

Ukraine is ranked as the world’s leader in the Global Crypto Adoption Index 2020, according to a research published by Chainalysis earlier this fall. Despite this, cryptocurrencies still remain a gray area in the economy. Since 2014, Ukrainian authorities have been trying to implement crypto legislation that would transform the country into a . . . → Read More: Ukraine is prepared to lead Eastern Europe’s crypto space

Value DeFi protocol suffers $6 million flash loan exploit

Following a Twitter thread on Friday that highlighted the decentralized finance protocol’s flash loan exploit prevention methodology, Value DeFi appears to have been the victim of a $6 million flash loan exploit. 

At roughly 10:45 AM EST, a user took out a flashloan of 80,000 ETH (over $36 million) from lending protocol Aave. . . . → Read More: Value DeFi protocol suffers $6 million flash loan exploit

Inflation games: Bitcoin competes with fiat on value but lacks volume

Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry commentators has often leaned toward it becoming a global monetary superpower.

Barely a . . . → Read More: Inflation games: Bitcoin competes with fiat on value but lacks volume

Why Bitcoin price just lost $16K in a ‘typical’ weekend drop

The price of Bitcoin (BTC) has seen volatility within the past 12 hours. The top cryptocurrency fell from $16,400 to $15,750 within hours, rejecting sharply after surpassing the $16,000 resistance earlier this week.

As of Nov. 14, the 20-day moving average of Bitcoin on the daily chart is at $14,600. In the near term, . . . → Read More: Why Bitcoin price just lost $16K in a ‘typical’ weekend drop

China’s leadership in the Bitcoin mining industry will be challenged

If you talk about Bitcoin (BTC) mining, you have to talk about China. China has become a giant in the Bitcoin mining ecosystem with major mines and pools, quick, cheap labor and a majority control of the world’s hashing power. So, should you go set up a mining operation there? Do the pros . . . → Read More: China’s leadership in the Bitcoin mining industry will be challenged

‘Stealth phase’ over? Why Wall Street FOMO will make $20K Bitcoin look cheap

 The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is.

The price of Bitcoin is up 125% year-to-date, making it once again the best-performing asset just as it has been for the past decade. 

Strangely enough, the public seems completely oblivious to this fact. But not everyone is ignoring . . . → Read More: ‘Stealth phase’ over? Why Wall Street FOMO will make $20K Bitcoin look cheap

Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

Data shows that Bitcoin’s (BTC) current rally is supported by greater participation from retail and institutional investors. The CME Bitcoin futures open interest has moved closer to the previous all-time high, a sign that institutional investors are becoming more interested in cryptocurrencies. Similarly, Bitcoin’s spot volume has hit a new 52-week high, according to . . . → Read More: Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

6 Questions for Sheila Warren of the World Economic Forum

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!

This week our 6 Questions go to Sheila Warren, head of blockchain and DLT at the World Economic Forum.

Sheila serves . . . → Read More: 6 Questions for Sheila Warren of the World Economic Forum

Keep dreaming! Options data suggests $560 Ethereum price won’t happen

This week, Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017. 

Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, . . . → Read More: Keep dreaming! Options data suggests $560 Ethereum price won’t happen

Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally

Data shows that institutions heavily accumulated Bitcoin in the $12,000 to $15,000 range and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind.

The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat . . . → Read More: Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally

Bitcoin price at $16K and beyond? Here are the bear and bull cases

The price of Bitcoin (BTC) surpassed $16,000 with relative ease on Nov. 13 and has remained resilient above it. Analysts are divided on the short-term outlook on BTC because the momentum remains strong but there are concerns of an overheated rally. But there are numerous positive developments that could continue to sustain the uptrend . . . → Read More: Bitcoin price at $16K and beyond? Here are the bear and bull cases

Cointelegraph Consulting: How the US election may impact Bitcoin price

With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate. Historically, Democrats have been bullish for gold, as the common perception is that more unbacked money gets printed under Democratic leadership, further debasing the . . . → Read More: Cointelegraph Consulting: How the US election may impact Bitcoin price

Belarus’ largest bank reportedly launches crypto exchange service

Belarusbank, the largest financial institution in Belarus, is reportedly launching a cryptocurrency exchange service.

According to a Nov. 12 report by local news agency Prime Press, Belarusbank is rolling out a service allowing users to exchange cryptocurrency using a Visa payment card. As reported, the new service enables trading crypto against fiat currencies . . . → Read More: Belarus’ largest bank reportedly launches crypto exchange service

Binance launches Ethereum Mining Pool with 0.5% fees

After launching its Bitcoin (BTC) mining pool in April, crypto exchange Binance has now launched an in-house mining pool for the market’s largest altcoin by market cap, Ether (ETH).

For the first month, between Nov. 12 and Dec. 12, Binance is trying to attract miners by offering a zero-fee regime. After that, those contributing their . . . → Read More: Binance launches Ethereum Mining Pool with 0.5% fees

Bitcoin futures and options suggest that a major BTC price move is looming

Bitcoin (BTC) has been highly volatile in recent weeks, rallying above $16,000 for the first time in three years. But the futures market’s open interest indicates that a large volatility spike is likely very close.

The term “open interest” refers to the total sum of contracts that are actively open in the futures market. . . . → Read More: Bitcoin futures and options suggest that a major BTC price move is looming

The Bitcoin price has only been higher than now for 12 days in its history

The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.

Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, . . . → Read More: The Bitcoin price has only been higher than now for 12 days in its history

Bitcoin price surge to $16.2K accompanied by record volume — Data shows

Bitcoin (BTC) has had a great November so far and many analysts believe the future remains bright for the top-ranked cryptocurrency.

Currently sitting at $16,000 the price has surged by 23% since the start of the month, rallying mostly after the completion of the U.S presidential election. Now, Bitcoin spot volume has passed . . . → Read More: Bitcoin price surge to $16.2K accompanied by record volume — Data shows

Macro factors could bring Bitcoin to $1 trillion market cap, strategic investor says

Strategic investor Lyn Alden believes Bitcoin’s growing network effect coupled with favorable macroeconomic factors may bring its market capitalization to $1 trillion in the next few years. 

Back in 2017, Alden was skeptical toward Bitcoin (BTC), as the network effect of the main cryptocurrency was still relatively weak:

“I was concerned with dilution. . . . → Read More: Macro factors could bring Bitcoin to $1 trillion market cap, strategic investor says

Can Bitcoin price conquer $16,000 as ‘extreme greed’ grips market?

Bitcoin (BTC) is still showing strength with multiple attempts to break through $16,000 on Nov. 12. A new yearly high was established throughout the day, with BTC price peaking at $16,150. 

This yearly high is more than 300% higher than the yearly low in March at $3,800. This is impressive momentum, particularly as the . . . → Read More: Can Bitcoin price conquer $16,000 as ‘extreme greed’ grips market?

Greener pastures: Bitcoin miners now looking beyond Chinese borders

The behavior of crypto market participants often depends on political and economic factors: the price of crypto assets, regulations in a specific country, or political events. For Chinese miners, however, the factors differ somewhat. For several years, Chinese mining operations have been largely reliant on climate. While Western crypto companies fear falling stock prices . . . → Read More: Greener pastures: Bitcoin miners now looking beyond Chinese borders

Finance redefined: Where does DeFi go from here? Nov. 4–11

This week definitely feels calmer and more positive than the last. There’s good reason for DeFi bulls to be optimistic too, as the market posted a decent recovery since my last newsletter.

People are calling it a “blue chip” rally, which means that it’s household names that are leading the charts (at least that’s . . . → Read More: Finance redefined: Where does DeFi go from here? Nov. 4–11

Dash objects to ShapeShift culling of privacy coins

Cryptocurrency exchange ShapeShift recently delisted three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy.

As a noncustodial platform, Shapeshift did not impose user identification requirements on traders in its early days, although this began to change with the gradual . . . → Read More: Dash objects to ShapeShift culling of privacy coins

Price analysis 11/11: BTC, ETH, XRP, LINK, BCH, BNB, DOT, LTC, ADA, BSV

Billionaire investor Stanley Druckenmiller became the latest famous name to disclose a Bitcoin position. Although Druckenmiller did not specify the quantity he had purchased, he did say that Bitcoin will outperform gold a lot more “because it’s thinner, more illiquid, and has a lot more beta to it.”

Paul Tudor Jones, Stanley Druckenmiller, and . . . → Read More: Price analysis 11/11: BTC, ETH, XRP, LINK, BCH, BNB, DOT, LTC, ADA, BSV

Bitcoin monthly candle close signals possible mega rally in December

Historically, when a Bitcoin (BTC) monthly candle closes above previous candles, the digital asset has seen a prolonged rally.

Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first time since 2017. Furthermore, the dominant cryptocurrency has shown signs of a clear breakout throughout the past . . . → Read More: Bitcoin monthly candle close signals possible mega rally in December

Bitcoin burgernomics: This is how many Big Macs you can buy with 1 BTC

Measured in Big Macs, Bitcoin’s (BTC) purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of the digital currency’s rapid appreciation.

The global Bitcoin purchasing power index, or PPI, which measures how many McDonald’s Big Mac hamburgers you can buy with 1 BTC, rose 0.2% to 6,341.26 . . . → Read More: Bitcoin burgernomics: This is how many Big Macs you can buy with 1 BTC

Simple in practice: Crypto education is key to curbing phishing scams

As the global crypto economy continues to prosper, with Bitcoin (BTC) currently occupying the $15,500 region, questions regarding the overall safety and security of digital assets continue to persist, especially in the wake of a new scam whereby hackers made use of a phishing email to direct users to a fake Ledger website. . . . → Read More: Simple in practice: Crypto education is key to curbing phishing scams

LiquidStake set to unlock liquidity for Ethereum 2.0 Phase 0 stakers

As the launch date of Ethereum 2.0 approaches, an important issue in the staking mechanism is starting to be discussed in the community: the one-way nature of stake deposits.

Prospective stakers in Ethereum 2.0 Phase 0 will not be able to withdraw or transfer their stake until after the rollout of Phase 1, . . . → Read More: LiquidStake set to unlock liquidity for Ethereum 2.0 Phase 0 stakers

Did Ethereum just bottom vs. Bitcoin? This is the last big hurdle before $600

All eyes have been on Bitcoin price in recent weeks as the world’s biggest cryptocurrency rallied by more than 60% in a matter of weeks.

However, the focus may soon shift to Ethereum’s Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case . . . → Read More: Did Ethereum just bottom vs. Bitcoin? This is the last big hurdle before $600

As Bitcoin price rises, institutions get down with digital assets

With Bitcoin (BTC) price sentiment continuing to remain bullish following the uncertainty brought on by the United States presidential election, institutional investors seem to be getting more interested in betting on the markets. In the seven-day period ending on Oct. 27, Grayscale Bitcoin Trust, run by Grayscale Investments, saw a record inflow of $215 . . . → Read More: As Bitcoin price rises, institutions get down with digital assets

This project wants to recreate Ethereum on Polkadot

The MoonBeam project is planning on setting up a custom parachain that emulates the Ethereum Virtual Machine environment, effectively recreating Ethereum (ETH) on Polkadot (DOT).

Developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain to host their decentralized apps. While Polkadot’s Substrate framework is intended to . . . → Read More: This project wants to recreate Ethereum on Polkadot

Cuba’s exploding crypto interest comes amid an absence of regulation

Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms.

In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase in crypto activity in the country. Founders of major local crypto . . . → Read More: Cuba’s exploding crypto interest comes amid an absence of regulation

Binance briefly pauses Ethereum withdrawals as network suffers ‘minor hard-fork’

The Ethereum (ETH) network has suffered what looks like a hard fork today as reports emerged of outages and irregularities on infrastructure providers Infura and Blockchair.

While initially it was believed to be an internal issue in Infura, a hosting service used by some exchanges and service providers to interact with the Ethereum . . . → Read More: Binance briefly pauses Ethereum withdrawals as network suffers ‘minor hard-fork’

Sam Bankman-Fried believes even ETH 2 can’t handle DeFi’s potential growth

FTX exchange co-founder and CEO Sam Bankman-Fried believes Ethereum is incapable of handling decentralized finance’s growth.

Talking to Camila Russo from the Defiant Podcast, Bankman-Fried said that the Ethereum blockchain is limiting DeFi’s development and the only way around it is to build on other networks.

“At some point, it’s just clear that . . . → Read More: Sam Bankman-Fried believes even ETH 2 can’t handle DeFi’s potential growth

Indian exchange offers ETH staking ahead of Ethereum 2.0 launch

CoinDCX, one of the largest cryptocurrency exchanges in India, is preparing its platform to support ETH 2.0 staking in anticipation of the Ethereum 2.0 launch.

As the first phase of Ethereum 2.0 is expected to come online on Dec. 1, CoinDCX is now “all set” to introduce ETH 2.0 staking for the global . . . → Read More: Indian exchange offers ETH staking ahead of Ethereum 2.0 launch

Sideways Bitcoin price allows DeFi, Ether and altcoins to rally higher

For the past two days, Bitcoin price has traded within the $14,800–$15,500 range, but the top digital asset has struggled to flip $15,500 to support. 

A positive is that Bitcoin (BTC) continues to make higher lows, and at the time of writing, the price is trying to break from the range but still encountering resistance . . . → Read More: Sideways Bitcoin price allows DeFi, Ether and altcoins to rally higher

Data show traders neither bullish nor bearish over sub-$15.5K Bitcoin price

Typically, traders become skeptical after Bitcoin (BTC) “completes” a strong performance like the stellar move from $12,000 to $15,950 seen over the past few weeks. 

The 35% gain over the past 30 days led some traders to conclude that BTC is over-extended and in need of a pullback. On the other hand, there are . . . → Read More: Data show traders neither bullish nor bearish over sub-$15.5K Bitcoin price

Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches

The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of publication time.

This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch on Dec. 1 — but only if the minimum stake threshold is . . . → Read More: Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches

Bitcoin price outlook still bullish despite drop from COVID-19 vaccine news

The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold. Within five hours of achieving a four-day peak at $15,840, the dominant cryptocurrency abruptly plummeted 6.5%. Following the correction of BTC, . . . → Read More: Bitcoin price outlook still bullish despite drop from COVID-19 vaccine news

Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise

Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says.

Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto thefts, hacks and fraud dropped from $4.4 billion in 2019 to $1.8 . . . → Read More: Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise

Overstock expanding blockchain arm tZero in Ireland

United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland.

The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on Nov. 10.

As reported, the new hires . . . → Read More: Overstock expanding blockchain arm tZero in Ireland

Why billionaires are suddenly accumulating Bitcoin after 113% YTD gain

Billionaires have been increasingly accumulating Bitcoin (BTC) in recent months. Following Paul Tudor Jones’ lead, hedge fund manager Stanley Druckenmiller became the latest billionaire to publicly disclose his Bitcoin investment.

The performance of Bitcoin since 2015. Source: TradingView.com

There are four main reasons Bitcoin is becoming more compelling to high-net-worth investors. The reasons are . . . → Read More: Why billionaires are suddenly accumulating Bitcoin after 113% YTD gain

Investors are back into Bitcoin but DEXs are still the future of crypto

Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass adoption come at the cost of privacy and decentralization? 

Know Your Customer and Anti-Money . . . → Read More: Investors are back into Bitcoin but DEXs are still the future of crypto

Monero podcaster loses NY congressional race

Douglas Tuman, a crypto enthusiast and host of the Monero Talk podcast, has lost in his bid to represent New York’s 4th District in the United States Congress.

According to election results from The Associated Press, Tuman, a Republican, received 134,243 votes to incumbent Democrat Kathleen Rice’s 147,580 in New York’s 4th District, . . . → Read More: Monero podcaster loses NY congressional race

Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to that, most retail traders only keep an eye on the possible profits and disregard the risk before investing.

Therefore, the increase in the number of Bitcoin (BTC) addresses holding more than 100 . . . → Read More: Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800

The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just five hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. This massive spike in volatility was likely caused by three major factors.

The three catalysts for the abrupt downtrend were the recovery of the dollar, . . . → Read More: 3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800

Bitcoin dumps on news of successful COVID-19 vaccine trials

Bitcoin (BTC) fell sharply in price this morning as pharmaceutical company Pfizer, in collaboration with biotech company BioNTech, announced a breakthrough in its COVID-19 vaccine.

Bitcoin fell approximately $1,000, over 6%, between 12:00 pm and 3:00 pm UTC today on the vaccine news, from $15,800 down to a daily low near $14,815, based on . . . → Read More: Bitcoin dumps on news of successful COVID-19 vaccine trials

Why a 30% Bitcoin price crash should not catch you off guard right now

The Bitcoin price rally halted the moment Joe Biden was announced as the projected winner of the 2020 United States presidential election during the weekend, with the price dropping from $15,500 to $14,400.

However, Bitcoin is still continuously showing strength as it’s once again facing the final resistance zone at $16,000.

This final resistance . . . → Read More: Why a 30% Bitcoin price crash should not catch you off guard right now

Silicon Valley and ‘smart money’ are behind this Bitcoin rally, data suggests

Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the sidelines as BTC price surpassed $15,000 this month.

In 2017, when the price . . . → Read More: Silicon Valley and ‘smart money’ are behind this Bitcoin rally, data suggests

Bitcoin special! New 2020 high, election fallout, DeFi suffers: Hodler’s Digest, Nov. 2–8

Coming every Sunday, 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 Bulls keep running as Bitcoin notches a new 2020 . . . → Read More: Bitcoin special! New 2020 high, election fallout, DeFi suffers: Hodler’s Digest, Nov. 2–8

Top 5 cryptocurrencies to watch this week: BTC, ETH, LINK, LEO, XEM

This week Bitcoin (BTC) price nearly hit a new multi-year high at $16,000 and legendary investor Bill Miller told CNBC that the law of supply and demand favors BTC. While the supply is increasing by about 2.5% a year, “the demand is growing faster than that.” Miller expects every major bank, high net worth . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, LINK, LEO, XEM

3 factors to consider before trading crypto perpetual futures contracts

As tempting as it can be to buy altcoins using perpetual futures, there are a few hidden traps that one should monitor closely. 

Over the past few years, numerous exchanges began to offer altcoin futures quoted in Tether (USDT) and stablecoin pairs, which eventually became the standard. This change is more convenient for most . . . → Read More: 3 factors to consider before trading crypto perpetual futures contracts

As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets

In a panel last week for the London Bullion Market Association, Paxos founder and CEO Charles Cascarilla discussed the growth of Paxos’ gold-backed ERC-20 token, PAXG, and the future of asset tokenization more generally — a future that could well involve his company’s recently-announced integration with financial giant PayPal. 

Speaking alongside Fidelity Labs . . . → Read More: As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets

Will PayPal’s crypto integration bring crypto to the masses? Experts answer

One of the most discussed topics within the crypto community recently has been PayPal’s announcement that its customers will be able to buy and sell cryptocurrencies. The service is expected to be fully rolled out early next year.

The company’s goal “to increase consumer understanding and adoption of cryptocurrency,” as stated in its . . . → Read More: Will PayPal’s crypto integration bring crypto to the masses? Experts answer

Crypto ATMs continue to boom globally in 2020

In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day.

Now that we are a month away . . . → Read More: Crypto ATMs continue to boom globally in 2020

DeFi won’t last long without unlocking Bitcoin’s $250B treasure chest

Decentralized finance is a fairly new, nuanced concept for mainstream audiences. At its core, DeFi promises a revamped global financial system equipped with savings, loans and inventive yield-earning opportunities that enable innovative financial products without centralized gatekeepers. Since Jan. 1, this promise has been met with a demand that has exceeded $11 billion . . . → Read More: DeFi won’t last long without unlocking Bitcoin’s $250B treasure chest

Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney

In early September of this year, the market capitalization of Bitcoin (BTC) was hovering at around $190 billion when the BTC price was hovering around $10,000.

In the past two months, however, the price of Bitcoin rose from to over $15,000. With it, the market cap of Bitcoin surged from $190 billion to around . . . → Read More: Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney