Monthly Archives: November 2020

Grayscale survey connects COVID-19 pandemic to new Bitcoin purchases

Survey data from Grayscale Investments shows the coronavirus pandemic played a role in new investors decision to buy Bitcoin. As Bitcoin (BTC) price rises toward $18,000 and traders attempt to secure a new all-time high, the surge of institutional investors jumping on the Bitcoin bandwagon continues. This time, institutional and retail investors are both keen to accumulate Bitcoin and data from crypto derivatives markets shows institutional investors are driving Bitcoin volumes to new highs. BTC futures volume by exchange. Source: Digital Assets Data According to research from […]

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Ray Dalio admits he ‘might be missing something’ about Bitcoin as it surges past $17K

“If I’m wrong about these things I would love to be corrected,” said Dalio. In a Twitter thread posted on Nov. 17, Dalio stated he believed that Bitcoin (BTC) was not an effective medium of exchange nor a store of value due to its volatility. He also asserted that governments could outlaw crypto assets if they became a threat to fiat currencies. However, he also admitted he “might be missing something” and invited others to chime in with their explanations. “I can’t imagine central banks, big Institutional […]

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Bitcoin Responds To American Vote Of No Confidence In Electoral Politics

The 2020 U.S. Presidential Election swept over the nation with chaos and turmoil. The election mess, with alleged voter fraud, ballot tampering and the removal of Republican election observers challenged the notion of a fair and free election. On the Saturday after Election Day, when major news networks and the Associated Press called the presidential race for Joe Biden, disputes over the outcome with recounts and federal lawsuits quickly fended off the blue waves that were spreading in Democratic states. In the midst of the increased tension, […]

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

Bitcoin price is chasing after $18,000, but the shorter consolidation phase of this rally has led some analysts to expect a blow-off top. 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 upward climb. In recent weeks, BTC has continuously surged higher without […]

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Game of Thrones Star Maisie Williams Wants to Know if She Should Buy Bitcoin

Game of Thrones and The New Mutants actress Maisie Williams has started a poll on Twitter seeking opinions on whether she should invest in bitcoin. Among those who replied was Spacex and Tesla CEO Elon Musk who wrote: “Toss a bitcoin to your Witcher.” Should Maisie Williams Go Long on Bitcoin? As the price of bitcoin continues to surge, the cryptocurrency has attracted the attention of not only institutional investors but also celebrities. One of the latest is Maisie Williams, a 23-year-old English actress with 29 acting […]

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Video: Bitcoin For The Masses With Alex Adelman Of Lolli

Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the Bitcoin Magazine Podcast, host Christian Keroles sits down with Lolli CEO Alex Adelman. Adelman is a long-time entrepreneur in the cash-back and rewards space and his entrance into the Bitcoin ecosystem has been game changing. Lolli leverages bitcoin as a universal, incredibly liquid rewards point and has proven that it can drive real volume for retailers with sats-back rewards. Lolli has many of your favorite merchants listed and it offers an easy and simple […]

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Palling Up To Crypto: Could PayPal’s Bitcoin Accommodation Lead To Widespread Adoption?

The autumn of 2020 has been a lucrative one for bitcoin investors, with the world’s most famous cryptocurrency being awoken from a bearish end to the summer with the news that payments giant PayPal was set to begin accommodating BTC payments within its 346 million global user base.  (Image: CoinGecko) With the news of PayPal’s accommodation of Bitcoin emerging on October 21, we can see a significant rise in the value of the cryptocurrency leading to BTC almost reaching highs of $14,000 before a correction took place.  […]

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Bitcoin’s Market Cap Hits All-Time High

According to publicly-available market data, bitcoin’s market capitalization has hit a new all-time high, eclipsing its highest mark ever of $328.89879 billion, set on December 16, 2017, per Coin Metrics. Market capitalization is determined by an asset’s individual price, multiplied by its total supply. At the time of this writing, according to cryptocurrency exchange Bitstamp, the bitcoin price reached $17,756 and, according to Bitcoin data aggregator Clark Moody, the supply has reached 18,546,019.15 BTC. With that total listed supply at that listed price, bitcoin has a market […]

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

Analysts explain where Bitcoin is headed next after it breaks $17,500 and continues to see an explosive uptrend. 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 deposits begin increasing. Others believe there is little resistance until $20,000 and that an all-time […]

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‘Nakamoto Terminal’ selected prize winner of CFTC’s first science competition

A project with Satoshi Nakomoto’s namesake has been selected as the winner of the CFTC’s Project Streetlamp. A blockchain data platform has been selected the winner of the Commodity Futures Trading Commission’s first science competition, offering yet another compelling sign that distributed ledger technology has burst onto the mainstream. Nakamoto Terminal, a digital-asset analytics platform built by open-source intelligence company Inca Digital, has won the CFTC’s “Project Streetlamp” competition. Nakamoto Terminal was also named “Innovator of the Year” by the CFTC for its successful submission. The Project […]

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