November 6, 2020

Dutch crypto exchange gets regulatory nod from central bank

Netherlands-based cryptocurrency exchange BLOX, announced in a blog today that it has now been included in the registry of the Dutch Central Bank (De Nederlandsche Bank). Earlier this year, the Dutch parliament had passed Anti-Money Laundering (AML) amendments following which, cryptocurrency exchanges were expected to register themselves with the Dutch central bank, if they wanted...
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Cardano, Tron, Basic Attention Token: 06 November

The current market can be described as volatile and a race to join the bullish market for many altcoins. The altcoin market appeared to be largely unaffected by the massive rally in the Bitcoin market. At press time Bitcoin was being traded at $15,503 with a 24-hour trading volume of $35.4 billion. Source: CoinStats Most...
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Central bank governors agree COVID-19 has accelerated regulators’ interest in CBDCs

COVID-19 pandemic has, among other things, severely affected global markets and with regard to the pandemic’s consequences, several representatives convened at an online meeting of Central Bank Governors’ Club, hosted this week by Elvira Nabiullina, the Governor of the Bank of Russia. At the meeting, representatives from central banks across the globe discussed the pandemic’s...
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Chainlink, Ethereum Classic, Dogecoin Price Analysis: 06 November

The rally is on and the crypto community awaits most altcoins to join the rally with Bitcoin. Currently, most alts have been lagging and witnessing bearish sentiment. However, given the correlation with the largest asset, the alt season may not be far away. Some alts have already started to realign themselves for a bullish turn...
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Sygnum launches staking services and offers rewards for Tezos (XTZ)

Digital asset bank Sygnum announced today that it launched custody, trading, credit as well as staking services for Tezos blockchain’s native XTZ token. Through its new staking services feature, Sygnum said it would offer up to 5% annual rewards for staking XTZ:  For the first time, XTZ can be deposited and staked with a regulated...
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Litecoin long-term Price Analysis: 06 November

A case of better late than never, the altcoin market is finally rallying behind Bitcoin, and Litecoin is following suit. With Bitcoin consolidating above $15,000 for the first time in 2020, LTC was trying to find its feet in the market. While uncertainty might plague its immediate trend, in the long-term Litecoin might re-test its...
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Bitcoin Rips To $16K, ATH Soon? The Crypto Weekly Report

This week was wild for Bitcoin. Starting at around $13,500, the cryptocurrency went on to shatter the high set back in 2019 and surge to as much as $16,000 just today. It’s interesting to note that this happens despite the fact that retail investors are yet nowhere to be found, according to data. It appears...
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How decisive are traders with Bitcoin above $15,000?

As Bitcoin hit 2020’s ATH at nearly $15800, open interest on top derivatives exchanges like CME and Bakkt went up. On CME, where top institutions trade, the open interest increased by 16% to $933 Million. CME futures open interest and volume || Source: Skew Based on data from Skew, open interest has climbed up, however,...
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Bitcoin Cash, Dash, FTX Token Price Analysis: 06 November

Bitcoin Cash has been preparing for a hard fork which may result in the formation of a new token. However, unlike Bitcoin, the BCH market had been moving downwards. This was something visible across most alts, as BTC value grew stronger, the same was not mirrored by the alts, as most of them remained under...
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Canada’s federal tax agency, CRA, goes after Coinsquare’s client details

Canada’s federal tax collection service, the Canada Revenue Agency (CRA) is asking a judge to force Toronto-based cryptocurrency exchange Coinsquare to hand over information and certain documents about all of the platform’s clients using the platform since early 2013. CRA intended to use this information to help fight against tax fraud and the underground economy....
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This particular metric is vital for Bitcoin in 2021

2020 has been a key year for Bitcoin. There have been key moments of highs and lows but the current market suggests that the digital asset might be saving its best period for the penultimate months. The price speaks for itself. BTC is valued above $15,000 as we speak, taking over major price range one...
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Crypto Price Analysis & Overview November 6th: Bitcoin, Ethereum, Ripple, Litecoin, and Cardano

Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the...
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XRP, IOTA, VeChain Price Analysis: 06 November

The altcoins have received a new lease on life, as the price of Bitcoin has surpassed $15k. This price has not been seen after the bull run observed in 2017/18, and as the largest asset tests new resistances, the altcoin market has also been marching. XRP Source: XRP/USD on TradingView The above one hour chart...
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OKEx hires ‘external legal counsel’ to resolve suspension of withdrawals

Cryptocurrency exchange OKEx shared an update today stating that it has now hired an “external legal counsel” to help resume withdrawals it halted on 16 October, which had left many traders frustrated. In its 6 November, announcement OKEx said that it has even contacted some private key holders.  Again declaring that its users’ funds were...
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As Bitcoin Rips and Altcoins Crash: Historically, What Are The Chances for Alt-Season?

Bitcoin has been surging in the past few weeks to consecutive yearly highs. Speculations emerged within the community if or when BTC will even surpass its 2017 ATH of nearly $20,000. At the same time, though, most alternative coins seemed to be dragging behind their leader. Bitcoin’s dominance highlights this – a metric that surged...
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Multiple data points indicate this about Bitcoin’s breach of $15K

Five months into the third halving and Bitcoin’s price has rallied 75%. Most of this can be attributed to the race to over $15000 in the past 24 hours. There was a 6.47% daily gain and this could possibly be termed parabolic. Hitting a high of $15000 did not even surprise most seasoned traders as...
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ETH At 3-Month High Following Bitcoin Reversal: $500 Inbound? (Ethereum Price Analysis)

ETH/USD – Ethereum Rebounds At Trend Line Support Key Support Levels:$438, $430, $421.Key Resistance Levels: $445, $462, $475. Ethereum saw a strong 9.4% price surge today, which allowed the coin to break past resistance at $416 (bearish .618 Fib) and climb above $430 to reach the current $441 price. The coin is now testing resistance...
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Code to Buy Bitcoin: Tyler Winklevoss About US Stimulus Packages

Tyler Winklevoss, the co-founder of the US-based cryptocurrency exchange Gemini, believes that the US stimulus packages are a “code for buy Bitcoin.” The former business partner of Facebook founder Mark Zuckerberg commented on a speech by the US Federal Reserve Chair Jerome Powell. Cameron and Tyler Winklevoss. Image Source: CNN In it, Powell said that...
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SummitMining.io CEO Mathieu Vincent explains Crypto Mining Journey and Importance of Community Mining!

After cryptocurrencies became globally popular following Bitcoin’s massive bull run in 2017, various businesses have emerged from that industry in order to make capital. While most ventures have been towards developing or launching a crypto exchange, many have taken the path of crypto mining.  Mining is an essential function for certain cryptocurrency such as Bitcoin...
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Bitcoin in Extreme Greed Levels Not Seen Since June 2019 Rally

Bitcoin has enjoyed the past several weeks with impressive price increases registering fresh yearly highs. As its price touched $16,000 hours ago, the community has become overly optimistic, according to a popular metric called the Fear & Greed index. However, history shows that similar scenarios could lead to steep price drops. Extreme Greed Takes Over...
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NASDAQ Equivalent Fantasy Stocks Exchange Launches Its Governance TSX Token

[PRESS RELEASE – Please See DIsclaimer] San Francisco, USA – November 4, 2020 – The NASDAQ-equivalent fantasy stocks exchange, TradeStars, announced today the launch of its new governance token, TSX, which allows users to monetize that knowledge based on athletes’ real-time performance. With over 30,000 users, TradeStars launched its public “sporting stock exchange” in January...
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XRP’s daily volumes increase 105% since Q2 acc. to Ripple

Ripple’s Q3 market report revealed that XRP’s average daily volume reported in Q3 was $403.58 million, a considerable increase from $196.28 million in Q2. Source: Q3 2020 XRP Markets Report This volume was inclusive of Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand. Regarding Ripple’s...
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Market Watch: The Altcoins That Suffered Hardest Despite Bitcoin’s Latest Rally

The cryptocurrency community is buzzing with reports and tweets about the prices. Bitcoin is frequently marking fresh yearly highs. Even the 2019 record of nearly $14,000 was taken down and seems far behind. Just yesterday, the primary cryptocurrency gained about $1,500 of value in 24 hours. As something similar occurred precisely three years ago, before...
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Bitcoin: India P2P volume close to overtaking China

The increasing value of Bitcoin [BTC] has given a nudge to many traders snoozing during the low volatility period. The coin’s current trading value of over $15K  has enabled significant profits for BTC investors. As the cryptocurrency market retraced the 2017/18 journey, the P2P volumes appeared 66% lower than the peak noted during the previous...
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Ethereum Social Sentiment Surges as Staking Starts

Ethereum is one of the best performing crypto assets of the day, albeit behind its big brother. ETH prices got their initial boost on November 4 when the deposit contract was officially deployed. The asset rose 5% on the back of that to reach $405. Bitcoin is a bigger driver of momentum for ETH prices...
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In December of 2017 Bitcoin Gained $1500 In 24 Hours, Will There Be a New ATH in 2020?

Bitcoin’s most significant green candle happened on December 7, 2017, when traders started the day at $14090 and pushed the token to $17390 in 24 hours. That would be the first time a bullish candle broke the $15900 line —an event that new investors are experiencing today. December 7 of 2017 can also be remembered...
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86% Quarterly Increase: Square Reports $1.63 Bitcoin Sales In Q3

Twitter founder Jack Dorsey’s payments firm Square is riding the Bitcoin wave like there’s no tomorrow. The company’s Q3 investors’ letter has just come out. And if numbers are anything to go by, Square has registered a humongous $1.3 billion revenue in the third quarter through Bitcoin sales. This comes amid the company clocking a...
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Bitcoin (BTC) $ 97,190.04 3.11%
Ethereum (ETH) $ 3,337.97 7.28%
Tether (USDT) $ 0.999378 0.19%
Solana (SOL) $ 246.61 3.46%
BNB (BNB) $ 620.93 0.92%
XRP (XRP) $ 1.13 0.32%
Dogecoin (DOGE) $ 0.387541 0.74%
USDC (USDC) $ 0.999014 0.12%
Lido Staked Ether (STETH) $ 3,340.33 7.35%
Cardano (ADA) $ 0.797216 4.42%