Monthly Archives: November 2020

Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Bitcoin broke out to secure a new 2020 high at $19,863 and altcoins look ready to follow BTC 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 about 15% from its all-time high. This shows that traders are dumping their positions […]

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Someone just moved $5M in BTC from the 2016 Bitfinex hack

The exchange’s pilfered funds are on the move once again. 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 worth roughly $5.2 million at time of publication. The address 1GytseWXyzGpmHkcv9uDzkU9D8pLaGyR5x, which is believed to be associated with the hack, shows less than 0.001 BTC […]

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Earnfinance Is a Powerful DeFi Platform for Staking, Farming and Borrowing – YFE Presale Is Live

PRESS RELEASE. What is yield farming? Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. In some sense, yield farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools. What is Earn finance ? Earn Finance : is a blockchain agnostic decentralized finance (DeFi) […]

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Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. Moreover, last week gold saw the largest weekly outflow ever, as investors seem to be selling the safe-haven asset in great numbers. Gold (Au) prices per ounce continue to spiral lower in […]

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Why Bitcoin price has not hit a new all-time high — Just yet

Bitcoin price has rallied to new highs on multiple exchanges but it’s yet to break its December 2017 all-time high at Coinbase. 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 high price on Coinbase is particularly important because it has consistently […]

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Eth2 dev talks about challenges and lessons learned ahead of mainnet launch

Despite some “unanticipated consequences,” the testnets were instrumental in stress-testing Eth2. 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 pace as more and more testnets were introduced and iterated on. While they were successful in aggregate, they were not exempt from problems […]

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Venezuelan army starts mining Bitcoin to make ends meet

The Venezuelan army turns to crypto mining as the country’s economy collapses. The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various ASIC mining equipment used to crack proof-of-work algorithms. General Lenin Herrera presented the new mining operation. The stated goal of the mining operation is “strengthening and self-sustainability of our units of […]

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Ethereum 2.0 staking is coming to Coinbase

The U.S. exchange plans to roll out support in early 2021. U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum (ETH) 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform.  In an official blog post, Coinbase said it plans to roll out Eth2 staking, trading, and conversion services starting in early 2021. Once Eth2 is supported, existing Coinbase customers will be able to convert their ETH tokens to ETH2 and earn staking rewards. The company said: While […]

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Biden should integrate Bitcoin into US financial system, says Niall Ferguson

The economic historian said that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic has generally been good for cryptocurrency adoption, accelerating a “monetary revolution” around the world. However, the historian noted that China has been “advancing rapidly” in the […]

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Russia’s Sberbank plans release of its own crypto token, the ‘Sbercoin’

With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act. With a new law coming into effect in Russian, the country’s largest bank is planning a new blockchain platform for trading, as well as a native token. According to a Monday report from Russian business news outlet RBC, Sberbank is planning to jump into crypto come 2021 when a new law “On Digital Financial Assets,” or DFA, is set to come into effect.  The news came from Herman […]

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