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Bitcoin price is now trading at roughly 15% less than it was just days ago, falling short of setting a new all-time high by just a few hundred dollars.

A new record was so close bulls could taste the victory, but the achievement was blocked by massive whales who reloaded centralized crypto exchanges with a flood of BTC to be dumped, stopping the rally in its tracks. Here’s what this could mean for the crypto market over the next few weeks.

Whales Flood Crypto Exchanges With 93K BTC, Bring Bitcoin Rally To Abrupt End

Bitcoin was moments away from making history, setting a new all-time high in price and breaking the 2017 crypto bubble record. New BTC addresses are at record highs, as is hash rate, and even the cr ... Read more »

Category: Analytics | Views: 1 | Added by: danyagames2007 | Date: Today | Comments (0)

Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched.

On November 27, three emails that have never been seen before were made public in an editorial written by Michael Kaplikov, a professor at Pace University. According to Kaplikov, the emails derived from the New York Times contributor Nathaniel Popper. The NYT journalist also wrote the book “Digital Gold” and Hal Finney’s wife Fran Finney gave Popper the emails a ... Read more »

Category: News | Views: 11 | Added by: danyagames2007 | Date: Today | Comments (0)

Bitcoin moved from 17400 to 16500 during the day, consolidating around 16900-17000 most of the time. Yesterday in the first half of the day, the main cryptocurrency failed to stay above 17200, the price dropped below 16800 for a while, reaching local lows below 16500. But the strait was quickly bought out, and for the last 10 hours Bitcoin has been trading in the range of 16900-17100.

Market capitalization 505 billion, dominance index 62.1%

On a short trading day yesterday, US markets rallied. The S&P 500 closed at 3638.35, adding 0.24%, while the rest of the indices also rose.

 The growth of stock markets occurred against the background of record numbers in the number of cases of coronavirus, which suggests that this topic is already tired of everyone, does not scare anyone, and does not particularly affect the markets.

Yesterday there was an interesting situation in the market - the dollar index was falling, closing below 91.9, but gold was ... Read more »

Category: News | Views: 38 | Added by: andryvrozhkov | Date: Today | Comments (0)

Yusko claimed “Investors drive long term value, speculators drive current price.”

The motivation and time horizon for entering Bitcoin (BTC) will ultimately dictate whether investors succeed in this new asset class, according to crypto pioneer Mark Yusko.

On Friday, the CEO of Morgan Creek Capital Management commented on the recent wave of negative headlines concerning Bitcoin. In a series of tweets, Yusko said financial institutions are justifiably concerned about Bitcoin’s disruptive impact and will use whatever means they have to slow its adoption.

The normal response to Bitcoin’s threat is to “erect barriers to adoption and innovation,” Yusko said, adding:

... Read more »

Category: News | Views: 11 | Added by: danyagames2007 | Date: Today | Comments (0)

As crypto enters the mainstream, major retailers are offering discounts and promotions to get customers to pay using cryptocurrency

Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as major retailers like PayPal announce support for digital currencies. As such, it shouldn’t come as a surprise that crypto holders may be keen to spend some of their digital currency this holiday season. 

According to a new report from Forrester and blockchain payments service provider BitPay, cryptocurrency adopters tend to spend more than other consumers. Based on interviews with BitPay merchants, the report noted that cryptocurrency users have an average orde ... Read more »

Category: News | Views: 13 | Added by: danyagames2007 | Date: Today | Comments (0)

The market cap of USDT swelled by 1 billion over nine days.

The market cap of Tether (USDT), a U.S. dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to near all-time highs. 

Paolo Ardoino, who serves as dual CTO to Bitfinex and Tether, tweeted Thursday that the supply of USDT increased by 1 billion over nine days, marking the second-fastest expansion in its history. The record was set on Sept. 4, 2020 when, over eight days, USDT's circulating supply increased by 1 billion.

At press time, Tether had a market cap of nearly $19 billion, meaning that ... Read more »

Category: Analytics | Views: 13 | Added by: danyagames2007 | Date: Today | Comments (0)

Pass on your crypto to the next generation.

As cryptocurrency investment becomes more and more popular, long-term investors are increasingly concerned with the uncomfortable question: What happens to your Bitcoin (BTC) when you die? 

According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what will happen to their crypto after they pass away. Furthermore, despite a high level of concern, crypto holders are reportedly four times less likely to use wills for inheritances than non-crypto investors.

As explained in its white paper, Bitcoin is a purely peer-to-peer version of electronic cash, allowing online payments to be sent directly from one party to another without going ... Read more »

Category: News | Views: 14 | Added by: danyagames2007 | Date: Yesterday | Comments (0)

Cryptocurrency theft has boomed over the past couple of years and this is no hoax. Over USD 1.40 billion was stolen in the first five months of 2020. If thefts continue to rise at this rate, 2020 may well become the second-costliest year in the history of crypto – lagging slightly behind last year’s record of USD 4.5 billion.

Hackers Continue To Outpace Defenders

According to CipherTrace, although cryptocurrency developers, wallets, and exchanges are working hard on strengthening their defenses, hackers continue to outpace them with their innovative tricks and tactics.

Take what happened with Binance, the world’s largest exchange, back in May 2018. Over U ... Read more »

Category: News | Views: 19 | Added by: danyagames2007 | Date: Yesterday | Comments (0)

Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin.

An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the stablecoin to about $1.30 – a premium of 30% – leaving some users on Compound under-collateralized.

Compound gets its pricing data from Coinbase Pro. Now, once this happened, and based on the built-in protocol rules, this could only mean one thing – forced liquidation of the borrower’s position.

According to Alex Svanevik, chief ... Read more »

Category: News | Views: 15 | Added by: danyagames2007 | Date: Yesterday | Comments (0)

With the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC increasing every year, the remaining addresses represent just 5% of Bitcoin’s market cap.

New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.

The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC's astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft tweeted a chart revealing that more than 800,000 addresses currently hold at least 1 BTC. ... Read more »

Category: Analytics | Views: 14 | Added by: danyagames2007 | Date: Yesterday | Comments (0)