Bitcoin and Ethereum are rarely compared beyond when discussing market structures and price trends, with their underlying fundamental values being wildly different.

While Bitcoin is seen as a store of value and a “digital gold,” Ethereum is widely thought to be more of an ecosystem backbone. The vast majority of the actively used crypto space is run through the Ethereum blockchain.

The gap between the two cryptocurrencies in terms of underlying similarities may begin shrinking in the near-term, however, as one early Ethereum investor, who is a purported “whale,” is noting that two changes to the ETH network could soon make it a “better digital gold than BTC.”

These comments came abou ... Read more »

Category: News | Views: 25 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Bitcoin could hit all-time high prices then consolidate like gold, according to the analyst.

Bitcoin (BTC) has risen to rarely seen price highs, currently stalling between $17,000 and $18,500 before deciding on its next move. Gold recently broke all-time U.S. dollar price highs, surpassing $2,000 per ounce before pulling back and consolidating in price. Bloomberg Intelligence strategist Mike McGlone thinks the same could happen with BTC.

“Short-term, $20,000 is pretty good resistance,” he said in a Bloomberg interview on Wednesday.

“I’m afraid it’s probably going to do what gold did. It got to $2,000, and then that’s been consolidating in a b ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Bitcoin is getting more popular each day.

As Bitcoin (BTC) hit a three-year high on Nov. 18, more people around the world have started moving into the world’s largest cryptocurrency, according to Glassnode data.

Glassnode, a major provider of cryptocurrency analytics data, recorded a major spike in the number of new Bitcoin addresses on Nov. 18.

According to Glassnode, the number of new BTC addresses registered per hour hit nearly 25,000 addresses for the first time since January 2018 — the month following Bitcoin’s all-time high of $20,000. The spike in new Bitcoin addresses is still quite far from the highs recorded in January 2018, when the number of new BTC addresses per hour during that month hit ... Read more »

Category: News | Views: 28 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Bitcoin price surged towards the $18,500 level before correcting lower against the US Dollar. BTC must stay above $17,500 for upside continuation in the near term.

Bitcoin rallied further towards the $18,500 level before correcting lower sharply.
The price is holding the key $17,500 support and it is well above the 100 hourly simple moving average.
There is a major contracting triangle forming with resistance near $18,020 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh rally if there is a proper close above $18,000 and $18,200.

Bitcoin Price Holding Key Supports

Yesterday, there was a sharp increase in bitcoin price above the $17,500 resistance level. BT ... Read more »

Category: Analytics | Views: 25 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Ripple started a downside correction from the $0.3080 resistance against the US Dollar. XRP price is trading above $0.2900 and it must surpass $0.3000 for a fresh rally.

Ripple started a sharp downside correction from the $0.3083 swing high against the US dollar.
The price is now trading below the $0.3000 resistance, but above the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $0.2880 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to restart its rally if it clears the $0.2960 and $0.3000 resistance levels.

Ripple Price is Facing Key Hurdle

This week, we saw a sharp rise in ripple above the $0.2880 resistance zone ... Read more »

Category: Analytics | Views: 35 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.”

The round was led by Paradigm, with participation from Fireblocks’ existing investors – Galaxy Digital, Digital Currency Group, Cyberstarts, Tenaya Capital, Swisscom, and Cedar Hill Capital, according to a company statement.

“With the new injection of capital, we will be able to continue to grow our in-house R&D, marketing and sales talent to continue pushing the envelope on product innovation, and customer growth in key ... Read more »

Category: News | Views: 24 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Bitcoin mining revenue has topped $20 million per day, its highest level this year.

Key on-chain metrics such as Bitcoin (BTC) mining revenues have returned to pre-halving levels, according to recent research.

Data from analytics provider Glassnode suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards were double what they are now.

When the halving took place in mid-May, the BTC price was around $9,000. On Nov. 18, it had doubled to $18,000. This suggests a correlation, as miners need to sell enough of the asset to cover their expenses while their operations remain profitable. Higher prices mean greater profits.

Blockchain.com, which tracks the total value of coin ... Read more »

Category: News | Views: 42 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

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 a suit against Gawker Media. He procured an award of $115 million in compensatory damages and a further $25 million in punitive damages for his client in 2016 after the d ... Read more »

Category: News | Views: 27 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022.

A survey of more than 700 high net worth individuals, or HNWs, has found that almost three-quarters of millionaire respondents either already own or are looking to invest in cryptocurrencies before the end of 2022.

Conducted by financial advisory organization deVere Group, the survey revealed that 73% of respondents are bullish towards cryptocurrencies, an increase from 68% in 2019.

Participants were individuals who had more £1 million, which equates to approximately $1.32 million USD. They were selected from a wide variety of regions including the U.S ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)

Bitcoin mining revenue has topped $20 million per day, its highest level this year.

Key on-chain metrics such as Bitcoin mining revenues have returned to pre-halving levels according to recent research.

Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards were double what they are now.

When the halving took place in mid-May, BTC prices were around $9,000. On November 18 they had doubled to $18,000 which suggests a correlation as miners need to sell enough of the asset to cover their expenses while remaining in profit. Higher prices mean greater profits.

Blockchain.com, which tracks the total value of coinbase block rewards ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 19.11.2020 | Comments (0)