Monthly Archives: November 2020

FINALLY! Ethereum 2.0 Launches Deposit Contract & Beacon Dates | Bitcoin Shatters $14,000 | News!

LINKS / SOURCES ► eth2 quick update no. 19 (v1.0 spec release) – https://blog.ethereum.org/2020/11/04/eth2-quick-update-no-19/ ► Someone has transferred ~$1 billion from a bitcoin wallet quiet since 2015 – https://arstechnica.com/information-technology/2020/11/someone-has-withdrawn-1-billion-from-a-bitcoin-wallet-dormant-since-2015/ ► Official ETH2 Launch Pad (Get Started Staking / Educating Yourself) – https://launchpad.ethereum.org/ ► Digital Bridge Using Chainlink to Launch a 2FA Oracle for Smart Contracts – https://digitalbridge-io.medium.com/digital-bridge-using-chainlink-to-launch-a-2fa-oracle-for-smart-contracts-abf06ca1cd7a 😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don’t miss your daily cryptocurrency news! ► Sign-Up For A Gemini Exchange Account […]

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Dormant crypto exchange Cobinhood to ax real-time customer support in 2021

Once a popular exchange, Cobinhood is phasing out more services. Taiwan-based cryptocurrency exchange Cobinhood is making significant adjustments to its customer service practices in 2021. According to an official announcement on Nov. 1, Cobinhood will change its customer service policy to get rid of real-time interactions with clients. Starting Jan. 1, 2021, Cobinhood’s customer support will only communicate with clients through email. “During the whole process, no service specialist will be engaged for real-time conversation and everything will be done by email,” the announcement notes. As part […]

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Crypto mining is now drawing in the world’s top renewables producers

At what point will greening crypto energy consumption be enough? En+ Group, the world’s top producer of low-carbon aluminum and the largest private-sector generator of hydropower, has entered its first crypto mining joint venture. The new venture, called Bit+, will focus on creating facilities that support crypto mining with a low carbon footprint. En+ Group’s partner in Bit+ is the Russian company BitRiver, which provides hosting services and turnkey solutions for large-scale, institutional crypto mining operations. BitRiver currently operates the largest data center offering colocation services for […]

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Crypto trading platform Bybit partners with soccer club Borussia Dortmund

For now at least, the partnership appears focused on mutual brand outreach and marketing. Top-tier German soccer club Borussia Dortmund, or BVB, is entering a multi-year partnership with the crypto trading platform Bybit. At present, details of what the partnership will involve, beyond mutual brand outreach, remain slight. In a statement for Cointelegraph, Bybit CEO Ben Zhou pointed to BVB’s huge popularity, characterizing its fan base as the seventh-largest in the world. He said:  “With the partnership, Bybit intends to increase its global reach and branding, as […]

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Gold Price Expected to Rally Despite Concerns About Lockdown 2.0

Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve currency. The gold industry players also add that the resultant depreciation of the dollar will likely boost the price of the precious metal in the medium to long term. New Money Boon for Gold Gold, which went down slightly […]

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CEO of crypto derivatives exchange FTX donated $5M to Biden campaign

The “relative newcomer” to politics joined other major CEO donors to the Democratic candidate. Sam Bankman-Fried, the CEO of Hong Kong-based cryptocurrency derivatives exchange FTX, donated $5.2 million to Joe Biden’s presidential campaign. As the Wall Street Journal reported on Oct. 28, Biden’s presidential campaign received a total of $79.5 million from the top 100 donors describing themselves as CEOs. Bankman-Fried is reportedly the second-largest “CEO-contributor” to the campaign after Michael Bloomberg, a co-founder of the eponymous financial and media company, who donated $56 million. The major contributions by […]

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Bitcoin price reaches $14,500, the highest level since January 2018

A lively day of trading amid U.S. election uncertainty sees Bitcoin add to its gains, which took it above the pivotal $14,000 resistance. Bitcoin (BTC) hit $14,500 for the first time since early January 2018 on Nov. 5 as crucial support held at $14,000. BTC price preserves $14K support Data from Cointelegraph Markets and TradingView showed Bitcoin’s gains continuing in Thursday trading, amid market tension over the U.S. election result. At press time, highs of $14,560 had appeared on major exchange Bitstamp, with BTC/USD subsequently returning to fluctuate […]

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WTO blockchain report says customs remains ‘weak link’ of trade digitalization

Analysts have been categorizing blockchain projects worldwide into a “periodic table” that allows for a granular analysis of the technology’s inroads into global trade. The World Trade Organization and Trade Finance Global have published their latest taxonomy of blockchain projects in international trade, arranged into what they present as a “periodic table” for the industry. The original rendition of the periodic table was published in winter 2019. Since then, a lot has changed: despite the pandemic, several indicators used in the table show that blockchain trade innovation […]

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Leverage is fueling Bitcoin’s rally to highest price since January 2018

Bitcoin’s recent gains appear to have been driven by leverage-fuelled speculation, with open interest in futures and Binance’s leverage ratio pushing into new highs. On Nov. 4, crypto data market aggregator CryptoQuant published a chart indicating Binance’s Estimated Leverage Ratio — open interest divided by Bitcoin (BTC) reserves — has pushed into new all-time highs. The record was set on Nov. 3 after a spike in open interest pushed Binance’s ELR above 0.18 for the first time. The spike in ELR came shortly before Bitcoin established a […]

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Trezor’s failure to support upcoming BCH fork comes under fire

Trezor has announced it will wait to see the outcome of Bitcoin Cash’s Nov. 15 fork before pledging support for Bitcoin ABC or Bitcoin Cash Node Hardware wallet manufacturer Trezor drew criticism after it announced Bitcoin Cash (BCH) holders hoping to receive an airdrop with the hard fork expected for Nov. 15 will have to transfer their coins elsewhere. In a Nov. 5 announcement, Trezor’s parent company, SatoshiLabs, asserted it will wait for the community determine which Bitcoin Cash implementation will dominate the network moving forward: “SatoshiLabs […]

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