Month: November 2020

The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative.  At the same time, the gold market has seen large outflows in recent weeks. On Nov. 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw its largest weekly outflow in history. Largest outflow from gold ever. pic.twitter.com/Re4o3PHrel — Jan Nieuwenhuijs (@JanGold_) November 23, 2020 The timing of the heightened level Read more …

Advertisment Sygnum announced the launch of Desygnate in a press release released on Thursday, November 26th. This is a primary market instrument that is complemented by the secondary market platform SygnEx. With the help of both platforms, investors will in future be able to access a wide range of tokenized assets. From real estate to art You want the latest news about Crypto? Sign up to our weekly Newsletter! Sygnum Bank AG relies on investment products that are comparatively illiquid Read more …

Bitcoin (BTC) is back this week as a rebound takes the largest cryptocurrency ever closer to new all-time highs — what’s in store? Cointelegraph takes a look what could move Bitcoin markets in the coming days as buyers emerge and $16,000 gets left behind — at least for now. Bitcoin cancels Black Friday discounts The main story among Bitcoiners on Monday is its performance over the weekend. After plumbing depths of $16,300 last week and failing to get much higher Read more …

The Great Reset agenda is trending once again on social media, numerous news outlets, and a variety of online forums. During the last few months, the Great Reset proposal has been pushed worldwide, as it allegedly seeks to create a sustainable economy following the coronavirus pandemic. Meanwhile, a great number of people are skeptical of the reboot proposal, as detractors believe the Great Reset is an assault against capitalism and basic financial liberties. Skeptics Are Speaking Out Against the Great Read more …

Chainlink (LINK) remained stable above the $11.50 support and started a fresh increase, similar to bitcoin. The price is now trading above $13.50 and it could continue to rise above $15.00. Chainlink token price regained traction and climbed above $13.00 against the US dollar. The price is now trading above $13.50 and settled above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $13.50 on the 4-hours chart of the LINK/USD pair Read more …

 Bitcoin has had a crazy week. It started the week off by hitting $19,000 for the first time this year, but since Thanksgiving, the currency has shed $3,000 from its price. Following the dip, popular crypto trading platform Coinbase, suffered a brief outage that affected both its exchange and its mobile app. The company appears to see problems whenever there are major changes in price. Coinbase also lost power in June following bitcoin’s third halving and subsequent spike to Read more …

SINOVATE’s Incorruptible Data Storage (IDS) dCloud network is providing game-changing decentralised cloud storage to the market – and to do that, the network needs reliable, distributed hardware and dedicated servers which will provide it with the stability and longevity needed to run this ground-breaking service. 2020 – What a Year for Crypto From rampant COVID-19 market uncertainty, to 350% BTC price appreciation since March, and now to the return of Crypto to the mainstream media spotlight – it’s been a Read more …

Ethereum gained bullish momentum and broke the $550 resistance against the US Dollar. ETH price is up over 8% and it seems like the bulls are aiming $600 or $620. Ethereum started a fresh increase after it broke the $530 resistance level. The price surpassed a major hurdle at $550 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD (data feed via Read more …

Bitcoin price is up over 4% and it broke the $18,500 level against the US Dollar. BTC is currently following a nice bullish path, but the $18,800 level is a strong resistance. Bitcoin is slowly rising and it broke the key $18,500 resistance. The price traded as high as $18,559 and it is now above the 100 hourly simple moving average. There is a major rising channel forming with support near $18,280 on the hourly chart of the BTC/USD pair Read more …

The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic. After outlining several solutions the Russian government has come Read more …

In the midst of the crippling price dips earlier this week, cryptocurrency traders seemed beset on all sides by fear, uncertainty, and doubt. However, Dermot McGrath, head of research at blockchain investment firm Sino Global Capital, said the firm prefers taking a long term view.  Shortly after a Thanksgiving Bitcoin dip to $16,200, news broke that the Chinese government had seized $4.2 billion in cryptocurrencies as part of the Plustoken ponzi scheme court proceedings. Rumors swirled that those tokens were Read more …

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million Read more …