Bitcoin sees a fresh surge in trading activity as $30,000 nears and mainstream interest pours in.
By: Cointelegraph William Suberg
Title: ‘Rat poison squared’ Bitcoin passes Warren Buffett’s Berkshire Hathaway by market cap
Sourced From: cointelegraph.com/news/rat-poison-squared-bitcoin-passes-warren-buffett-s-berkshire-hathaway-by-market-cap
Published Date: Thu, 31 Dec 2020 08:21:21 +0000
The US branch of the leading cryptocurrency exchange Binance has joined the long list of trading venues that will remove the XRP token from its platform. At the same time, the asset has continued with its price drops as it struggles with the $0.20 level.
CryptoPotato reported a few weeks back that the US Securities and Exchange Commission has brought charges against Ripple alleging the company of conducting a $1.3 billion unregistered security offering.Although the payment processor claimed numerous times that the allegations were wrong, multiple crypto exchanges started delisting its native digital asset – XRP.After the first wave of delisting exchanges, the largest US-based platform Coinbase also delisted XRP. Earlier today, Binance US made a similar decision announcement as well.The US branch of Binance will delist XRP on January 13th, 2021, at 10 am EST. The exchange will also suspend trading and deposits. However, XRP withdrawals will not be affected at this time. The statement outlined that a withdrawal requires a tag / MEMO to complete the transaction.Despite the delisting, Binance said that eligible users will still be able to claim their Spark (FLR) airdrop tokens next year. The company will provide more details on how the distribution will take place.The SEC charges and the subsequent XRP removals from exchanges have caused severe harm to the token. Ripple’s native crypto lost about 70% of value in two weeks. Prior to the Binance US announcement, XRP had jumped to $0.24, but the news from the leading exchange has plummeted the token back to $0.20.
Another exchange down from the Ripple tree.Title: Binance US To Delist Ripple Following The SEC Lawsuit: XRP Plunges Below $0.2
Sourced From: cryptopotato.com/binance-us-to-delist-ripple-following-the-sec-charges-xrp-plunges-below-0-2/
Published Date: Thu, 31 Dec 2020 09:31:16 +0000
Ethereum options data show traders anticipate a continued surge to $880 over the next four weeks.
By: Cointelegraph Marcel Pechman
Title: 4 reasons why Ethereum options traders expect ETH price to reach $880
Sourced From: cointelegraph.com/news/4-reasons-why-ethereum-options-traders-expect-eth-price-to-reach-880
Published Date: Thu, 31 Dec 2020 00:14:46 +0000
2020 may have been filled with challenges, but Bitcoin, stablecoins and DeFi protocols are the clear top performing crypto assets for the year.
By: Cointelegraph Joseph Young
Title: Bitcoin, stablecoins and DeFi: 2020’s top-performing crypto assets
Sourced From: cointelegraph.com/news/bitcoin-stablecoins-and-defi-2020-s-top-performing-crypto-assets
Published Date: Wed, 30 Dec 2020 20:27:21 +0000
Crypto 20/20 hindsight: A visual review of 2020 limited to 2,020 copies… for just 0.02020 ETH
By: Cointelegraph Cointelegraph
Title: 2020 in review: Cointelegraph art team limited edition NFT drop
Sourced From: cointelegraph.com/news/2020-in-review-cointelegraph-art-team-limited-edition-nft-drop
Published Date: Wed, 30 Dec 2020 14:30:14 +0000
All you’d need is 78 NVIDIA GeForce RTX 3080 graphics cards… and a decent air conditioning system.
By: Cointelegraph Sam Bourgi
Title: Crypto enthusiasts could make $122K per year mining Ethereum with this setup
Sourced From: cointelegraph.com/news/crypto-enthusiasts-could-make-122k-per-year-mining-ethereum-with-this-setup
Published Date: Tue, 29 Dec 2020 19:27:51 +0000
Bitcoin dominance is likely topping out, Michaël van de Poppe argues, as Bitcoin gives way to strong moves from some top ten altcoins.
By: Cointelegraph William Suberg
Title: Bitcoin price rally cools down as Polkadot gains 34% in first week of ‘altseason’
Sourced From: cointelegraph.com/news/bitcoin-price-rally-cools-down-as-polkadot-gains-34-in-first-week-of-altseason
Published Date: Tue, 29 Dec 2020 08:09:32 +0000
Key Support Levels: $720, $700, $675.
Key Resistance Levels: $750, $762, $780.
Yesterday, Ethereum finally penetrated beyond the $675 resistance provided by a bearish .786 Fib Retracement. It managed to spike above $700, but the bears stepped in to cause the daily candle to close around $680.
Today, the ETH bulls continue to drive further higher as they penetrated beyond $700 again to reach as high as $738. It has since dropped slightly as the buyers battle to break the $733 resistance (1.414 Fib Extension). In any case, the cryptocurrency increased substantially from yesterday’s low at $625.
ETH/USD Daily Chart. Source: TradingView
Looking ahead, if the bulls break $733, the first level of strong resistance lies at $750 (bearish .886 Fib Retracement). This is followed by $762, $780, $790 (1.272 Fib Extension), and $800.
On the other side, the first level of support lies at $720. After that, there’s $700, $675, $665, and $641 (.382 Fib).
The RSI is above the mid-line as the buyers dominate the market momentum and are still far from being overbought. Additionally, the Stochastic RSI produced a bullish crossover signal a few days ago and still has room to continue further before becoming overbought.
Key Support Levels: 0.0262 BTC, 0.026 BTC, 0.025 BTC.
Key Resistance Levels: 0.027 BTC, 0.0275 BTC, 0.028 BTC.
Against Bitcoin, Ethereum had dropped into the 0.024 BTC support yesterday, where it managed to rebound higher. In fact, ETH briefly dropped beneath 0.023 BTC yesterday, but the buyers regrouped to allow the daily candle to close above 0.026 BTC.
Today, the bulls continued to drive ETH higher as they penetrated back above the November lows 0.0262 BTC to reach as high as 0.0275 BTC. The sellers have since dropped the price as ETH now trades near the 0.0269 BTC resistance (bearish .382 Fib Retracement).
ETH/BTC Daily Chart. Source: TradingView
Beyond 0.027 BTC, the first level of resistance is expected at 0.0275 BTC. This is followed by 0.028 BTC, 0.0282 BTC (bearish .5 Fib), and 0.0284 BTC (Feb 2020 highs). Added resistance lies at 0.0287 BTC and 0.0295 BTC.
On the other side, the first level of support lies at 0.0262 BTC. This is followed by 0.026 BTC, 0.025 BTC, and 0.0245 BTC (Jul 2020 lows). Added support lies at 0.024 BTC and 0.0237 BTC.
The RSI is at the mid-line as indecision looms within the market. It will need to cross this line for the bullish momentum to take control of the market movement. The Stochastic RSI recently produced a bullish crossover signal, which is a promising signal for ETH holders.
Title: Ethereum Price Analysis: After 18% From Yesterday’s Low, Is $800 In Sight For ETH?
Sourced From: cryptopotato.com/ethereum-price-analysis-after-18-from-yesterdays-low-is-800-in-sight-for-eth/
Published Date: Mon, 28 Dec 2020 13:44:31 +0000
Quick Take
1 minute read
It seems that bitcoin is no longer the biggest network in the industry as Ethereum has been making a big name for itself in recent times growing its community and ecosystem.This is according to a recent report by Electric Capital.
It seems that bitcoin is no longer the biggest network in the industry as Ethereum has been making a big name for itself in recent times growing its community and ecosystem.
This is according to a recent report by Electric Capital. The paper from the venture capital company was written by Maria Shen, a partner at the Business. More than 300 developers are getting ready to join the Ethereum network on a monthly basis and with such a large number of minds coming together on a project like this, it speaks volumes for the network and its future. Especially as many people are choosing ethereum over bitcoin and its own network.
Over the course of this year, it is good to see that the network has grown so massively during so much turmoil. Of course, with traditional markets taking a big hit following the coronavirus pandemic this year, crypto is an alternative that many have turned towards. Despite many people going towards this network, there are others who believe that bitcoin is still more active and the best ecosystem to be a part of. According to the venture capital company though, this couldn’t be any further from the truth.
The whole point of the report was to look into the results after looking at numerous blockchain-based cryptocurrency ecosystems. To be classed as actively contributing to the network, a developer would need to work on something related to the blockchain consistently. To that end, Ethereum is four times more active than the bitcoin network.
A big part of the Ethereum network is decentralised finance (DeFi) projects. These kinds of projects have been cropping up all over the mystery in recent times and as a result, activity on the network has increased massively.
Over the course of the next year, the network is expected to grow even more. Especially with the recent launch of the 2.0 upgrade.
For more news on this and other crypto updates, keep it with CryptoDaily
© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Title: The growth of Ethereum and how it has surpassed bitcoin as the biggest network
Sourced From: cryptodaily.co.uk/2020/12/growth-of-ethereum-how-it-surpassed-bitcoin-as-biggest-network
Published Date: Mon, 28 Dec 2020 13:45:10 +0000
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Authentication failed. Unique API key is not valid for this user.
Quick take
1 minute read
The chief executive officer of PayPal said in 2019 that bitcoin was a scam. This year, PayPal enters the crypto markets announcing that its users will be able to buy and sell the leading cryptocurrency as well as alternative digital assets.
The chief executive officer of PayPal, Bill Harris said in 2019 that bitcoin was a scam. This year, the tables have very much turned as the payments network has been very active within the industry as PayPal enters the crypto market announcing that its users will be able to buy and sell the leading cryptocurrency as well as alternative digital assets.
It didn’t take long for this to do the rounds around the crypto industry and on the day of the announcement, PayPal stock spiked upwards as bitcoin continued its bullish behaviour.
With PayPal being so involved with the industry now, what does it mean for the future of the industry?
Will adoption increase? As PayPal is a household name at this point, it wouldn’t surprise me if bitcoin adoption increases as PayPal gets more involved with the space.
Over the next few years, enthusiasts are hoping that PayPal will further facilitate the utility and adoption of bitcoin. As a result, more and more people will be exposed to the digital asset, which can only be a good thing!
PayPal is present in more than 200 countries and has over 300 million active users on its platform so this move to adopt a bitcoin is certainly going to be an exciting one to watch.
Furthermore, with bitcoin spiking above $23,000 earlier this week, adoption is more than likely at a high right now. The #Bitcoin keyword was trending on Twitter yesterday after the leading coin spiked to a new all-time high.
It will be interesting to see how PayPal further advances its crypto services over the next 12 months or so.
For more news on this and other crypto updates, keep it with CryptoDaily
© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Title: How PayPal is promoting crypto adoption with its new services
Sourced From: cryptodaily.co.uk/2020/12/how-paypal-is-promoting-for-the-crypto-adoption-with-its-new-services
Published Date: Fri, 18 Dec 2020 16:00:53 +0000
Employee Retention Credit for Sports Pubs 2023 Availability Source: topnewsscoop
