Monthly Archives: November 2020

3 reasons why traders expect Ethereum price to rally above $500 in 2020

Following Bitcoin’s bullish move, Ethereum price rallied to $447 and now traders anticipate an uptrend toward $500 and beyond. On Nov. 6, Ether (ETH) price rose to $447 on Binance as Bitcoin (BTC) price pulled back to the $15,500 level after losing steam around $15,900. Based on Ether’s strong momentum, traders anticipate a broader rally to emerge in the near term. There are three potential reasons why Ether could see a large uptrend in the upcoming weeks. The catalysts are an optimistic high time frame technical structure, […]

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Swiss Bank Sygnum Begins Storing Crypto With Taurus Group, Launches Staking Service

The Switzerland-based bank Sygnum has announced this week that the fintech firm is now storing digital assets with the company Taurus Group. On Friday, the bank also revealed that the FINMA-approved firm’s clientele can purchase and stake XTZ by leveraging the Tezos network. Earlier this year, news.Bitcoin.com reported on a number of Switzerland-based fintech services like Sygnum, Arab Bank Switzerland, Falcon, Maerki Baumann, SEBA Bank, and others obtaining banking licenses from the country’s Financial Market Supervisory Authority (FINMA). In January, the Swiss bank Julius Baer started offering […]

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Because Bitcoin Is A Necessity, Its Economy Will Be Circular

Bitcoin is the perfect money in that it embodies all of the properties and functions of money — as a store of value (SoV), medium of exchange (MoE) and unit of account (UoA) — and does so in a way that any person or participant, from anywhere in the world can: Save without having their wealth invisibly stolen Spend without some big-brother-type institution telling them with whom or what they’re allowed to do so Account for, audit and verify what they have, when they received it and […]

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CFTC allows ErisX to clear commodities beyond crypto

A recent license amendment from the CFTC greenlit ErisX’s expansion into trading product offerings on other commodities. The Commodity Futures Trading Commission, or CFTC, recently approved a license modification for ErisX’s clearing house. The license amendment allows ErisX freedom to offer more trading products.  “The significance of the Amended Order is that it expands our licensed activities allowing us to clear products on other commodities beyond just virtual currencies or crypto,” ErisX general counsel Laurian Cristea told Cointelegraph.  “Now we may list futures or swaps across the commodities spectrum […]

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Bitcoin price nears $16K, but it’s Ethereum that may shine in November

After Bitcoin’s strong breakout above $15,000, analysts are looking toward Ether as the market sentiment around Ethereum strengthens. The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency’s rally, analysts are now looking toward Ether (ETH). The Ethereum blockchain’s native token has seen heightened momentum in the past week. After underperforming against BTC in October, the probability of a new ETH rally is beginning to increase. There are two key reasons why analysts expect Ether to perform strongly in the […]

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Imcoin (IMC) “The First Hybridcoin” Arrives To Impose a New Concept of Cryptocurrencies

PRESS RELEASE. The objective of IMCoin is to be the first Hybridcoin on the market, giving its holders the possibility of having an asset backed with an audited and public underlying where the money from the sale of the token is entered, but which in turn tries to increase in value. to positively impact the price of the coin. In this way, we consider that both the Stablecoin and Performance Coins public can be interested in and benefit from IMCoin. People who invest in Stablecoins will no […]

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Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs

The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. The COVID-19 pandemic has served both as an x-ray onto existing vulnerabilities in the global financial system, and as an accelerator for destabilizing tendencies, including higher sovereign and consumer debt in emerging markets. At an online meeting of the Central Bank Governors’ Club, hosted this week by Bank of Russia Governor Elvira Nabiullina, representatives were unanimous in their expectations of the far-reaching consequences of the current crisis. At the meeting, […]

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Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market

A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs Already, as a consequence of using the AMM, Uniswap’s September traded volume topped $15.4 billion, a figure nearly $2 billion ahead than that of Coinbase’s. Prior to the surge in the use […]

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More crypto regulation is coming, industry execs say

After multiple years of heightened legal overwatch, the future may hold much of the same. Over the past few years, regulatory bodies across the globe have increased their scrutiny on the cryptocurrency space, clarifying gray areas while also going after offenders. Although the industry has seen a lot of regulatory action, authorities have not really changed their positions, at least according to Alex Wearn, CEO and co-founder of decentralized crypto exchange IDEX.  “Crypto regulation itself hasn’t really changed the last few years,” Wearn told Cointelegraph. “Instead what we’ve […]

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Bitcoin price gets closer to the last big hurdle before $20,000

The price of Bitcoin may see a correction in the short term as one last barrier remains before new all-time highs. While the United States’ election is still undecided, Bitcoin (BTC) is experiencing a major rally, as BTC price nearly reached $16,000 today, the highest level since January 2018. Other asset classes have also been doing well, such as Nasdaq, which saw gains of more than 7% in recent days. In the cryptocurrency markets, Ether (ETH) has started to climb as well, with ETH hitting $445. The […]

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