Monthly Archives: November 2020

HODL your horses, Bitcoin options data says $18.5K is not a local top

Investors are afraid of a 2019-style 30% Bitcoin price drop, but options data suggest $18.5K is not the top. Earlier today, Bitcoin (BTC) price peaked at $18,476 after an impressive 35% bull run that appears to have started in early September.  This powerful movement was followed by a correction to $17,000, a natural pullback. This adjustment led some investors to question whether the current formation resembles the $13,850 top formed in July 2019. BTC/USD, July 2019. Source: TradingView Back then, a 30% drop followed a similar-sized rally, […]

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Binance hires Trump lawyer who helped put Gawker Media out of business

Celebrity attorney with extensive Hollywood and political connections will appear in battle with Forbes In a lawsuit filed today in the U.S. District Court of New Jersey, Binance alleged that an article published by Forbes was defamatory and caused “millions of dollars” in damages. While there are already questions forming around the merits of the lawsuit, one thing is no longer in doubt: Binance is getting serious. Binance has retained the services of Charles Harder, the attorney best known for representing Hulk Hogan (Terry Gene Bollea) in […]

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World’s dominant crypto futures market could face regulatory shake-up

Hong Kong appears to be tightening the screws on unregulated crypto exchanges. Proposed regulations targeting Hong Kong’s blockchain industry could have far-reaching consequences for the crypto derivatives market, according to new research from Messari.io.  In a report published on Wednesday, researcher Mira Christanto said the Special Administrative Region of Hong Kong, which happens to be the dominant market for crypto futures trading, could be clamping down on unregulated exchanges as part of a broader push for more governance. The researcher cited a recent proposal from the Hong […]

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Deloitte includes BitPay on top 500 tech companies list

BitPay beat Pinterest by several ranks on Deloitte’s prestigious list. As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s top 500 leading-edge technology outfits, as shown by its Technology Fast 500 list, BitPay announced in a public statement on Wednesday. BitPay sits in 341st position, beating social media powerhouse Pinterest, which holds the […]

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US Senator Cynthia Lummis to Ensure Congress Understands Bitcoin Is a ‘Great Store of Value’

Bitcoiner Cynthia Lummis has been elected to the U.S. Senate. She has revealed that one of her priorities is to explain to her colleagues in Congress about bitcoin being “a great store of value.” Cynthia Lummis Plans to Convince Congress That Bitcoin Is a Great Store of Value Cynthia Lummis has been elected to represent the state of Wyoming in the U.S. Senate, making history as the first woman to do so. She previously served in the U.S. House of Representatives for eight years as a Wyoming […]

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Bitcoin, Blockchain Entrepreneur Malcolm CasSelle Dies At 50

Malcolm CaSelle, a pioneering blockchain technology and Bitcoin entrepreneur, has died at age 50, according to a social media post from friend and colleague E. David Ellington. “My younger brother, business partner, advisor and friend, Malcolm CasSelle, died in Mexico yesterday,” Ellington wrote on November 18, 2020. “Apparently, his friends said he had a stomach ache when he woke. He took some antibiotics. They came back six hours later to check on him and found him dead in his room (at their home).” CaSelle was the CEO […]

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SEC leader touts record on digital assets on his way out the door

The outgoing SEC director first joined the agency in 2017. Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure. In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman cited the SEC’s record as being open to technologies like cryptocurrencies and blockchain without the need for overhauling the existing regulatory framework. “Being able to apply […]

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

Bitcoin price looks ready to consolidate after reaching a new 2020 high and altcoins may attempt to recover from their sharp losses. 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 their local currency. Even Bitcoin’s market capitalization has hit a new […]

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Cointelegraph to auction digital collectibles inspired by famous works of art

From “The Last ICO” (pictured) inspired by da Vinci to “Silent Disco” based on Henri Matisse’s “La Danse,” Cointelegraph artists have created unique NFTs for collectors. 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, instantly recognizable visual identity. Cointelegraph illustrations are part of the mythos and lore of cryptocurrency […]

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Cynthia Lummis Is Bringing Bitcoin To The U.S. Senate

On November 3, 2020, the Associated Press declared Cynthia Lummis the winner of an open U.S. Senate seat for Wyoming, making her the first woman to ever represent the state in the upper chamber. But this wasn’t the only first marked by her historic win. As she’s emphasized in recent interviews with GMA3, Fox News and now, Bitcoin Magazine, Lummis is the most outspoken Bitcoin advocate to ever rise to elected office on The Hill. “I want to help other members of the U.S. Senate understand Bitcoin,” […]

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