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The Big Comeback of 2020: Bitcoin Revisits USD 20,000
16.12.2020
Source: Adobe/4K_Heaven
It finally happened on December 16th, 2020. The most popular cryptocurrency, bitcoin (BTC) just revisited the USD 20,000 level on multiple exchanges for the first time since December 17th, 2017, when it touched USD 20,089.
At pixel time (13:49 UTC), BTC trades at more than...
Bitcoin Just Shy of USD 20K, Altcoins Show Positive Signs
16.12.2020
After forming a support base above USD 19,000, bitcoin price started a fresh increase. BTC broke the USD 19,500 resistance and it even spiked above USD 19,800. The price traded to a new yearly high above USD 19,880 and it is currently (13:00 UTC) eyeing a break above USD 20,000.
Similarly, there...
Exchanges Send More USD 1M Bitcoin Transfers as Investors Look For a Hedge
16.12.2020
In 2020, exchanges have reportedly been sending 19% more bitcoin (BTC) transfers worth USD 1m or more, as investors are looking for a hedge against inflation and devaluation.
BTC has been rallying recently, even hitting a series of all-time highs before correcting downwards. The market is actually...
Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’
15.12.2020
The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists...
Bitcoin Holds Strong At USD 19,000, Altcoins Fluctuate
15.12.2020
After a minor decline, bitcoin price remained stable above the USD 19,000 level. BTC is slowly rising and it is currently (13:00 UTC) trading above the USD 19,200 level. The bulls need to gain strength above USD 19,400 and USD 19,500 to start a strong increase.
Besides, most major altcoins...
Thief Steals USD 8.2m From Nexus Mutual Founder in a 'Targeted Attack'
14.12.2020
There's been another theft in the Cryptoverse - this time a 'personal' one, as attackers have taken more than USD 8.2m from the account of Hugh Karp, the founder of decentralized finance (DeFi) insurance protocol Nexus Mutual.
Nexus Mutual announced the news in a Twitter post today, stating that...
China has no plan to replace USD with digital yuan, former PBoC head says
14.12.2020
A former PBoC official says that his country has taken a cautious approach with the digital yuan
Bitcoin Rallies Above USD 19K Again, XRP Dumps
13.12.2020
It took less than a week for the most popular cryptocurrency, bitcoin (BTC), to return above the USD 19,000 level after it was trading close to USD 17,600 this past Friday. Meanwhile, one of the recent best performing major coins, XRP, is the only top 10 token in red today.
At the time of writing...
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
13.12.2020
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever...
MicroStrategy Secures USD 635m For Another Bitcoin Buy
11.12.2020
Today, US-based business intelligence company MicroStrategy confirmed it raised USD 650m by selling convertible senior notes due 2025 in order to buy more bitcoin (BTC).
MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately USD 634.9m, after deducting...
Business Giants Invest USD 60m in Blockchain-powered Payment Firm Chai
11.12.2020
Screenshots of the Chai app. A group of South Korean and Japanese business giants including Hanhwa Investment & Securities, SoftBank and SK have joined more established blockchain investors to complete a Series B investment round worth over USD 60m in South Korean firm Chai, the provider of...
BTC, ETH Slide Lower Despite Insurers’ USD 100m Bitcoin Buy & Ether ETF
11.12.2020
The crypto community has been buoyed as – despite sliding bitcoin (BTC) and ethereum (ETH) prices – two major breakthroughs were reached for both tokens.
At pixel time (09:03 UTC), BTC trades at USD 17,883 and is down by 3% in a day and 8% in a week, while ETH is down by almost 4% to USD 545....
Bitcoin Slides Towards USD 18K, Altcoins Gain Bearish Momentum
9.12.2020
After a long battle, bitcoin price started a bearish wave below the USD 19,000 support level. BTC broke the USD 18,500 support level and moved into a short-term bearish zone. The price is currently (05:00 UTC) down 6% and it could struggle to stay above the USD 18,000 level.
Similarly, there was...
Bitcoin, Altcoin Trading Erupted, Nearing USD 1 Trillion In November + More News
8.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
In November, total trading volume on crypto exchanges surpassed USD 900bn, according to latest report by CryptoCompare, a provider...
Huobi’s HUSD Stablecoin to Run on Nervos Blockchain
8.12.2020
China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China
MicroStrategy's Bitcoin Bet About To Surpass USD 1 Billion
8.12.2020
MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal - A Bitcoin Channel
US-based business intelligence company MicroStrategy is looking to raise up to USD 460m in order to buy more bitcoin (BTC), which would increase the value of its BTC stash to over USD 1bn (at today's...
Binance Expects Up to USD 1B In Profits This Year + More News
4.12.2020
Source: Instagram, Binance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Binance expects to have profits of USD 800m to USD 1bn this year, up from about USD 570m last year...
Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’
4.12.2020
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as...
Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve Into a Global Market
3.12.2020
The CEO of Blackrock, the world’s largest asset manager, said that bitcoin “can evolve into a global market.” Moreover, the cryptocurrency has a “real impact on the U.S. dollar,” making the need for the USD “less relevant.” Bitcoin Evolving Into a Global...
In 2021, Bitcoin To Hit USD 25K, Ether - USD 900 - Median Estimates Of Pre-rally Survey
2.12.2020
In October, when bitcoin (BTC) was still below USD 14,000 and ethereum (ETH) was fluctuating around USD 400, majority of the respondents in a survey by Kraken Intelligence, hoped that BTC will hit USD 20,000 in 2021 while ETH will at least be trading higher than the price in October. However,...