Crypto news

Many people keep thinking bitcoin could reach its all-time high of roughly $20,000 by the end of the year. Another analyst at Citibank published a new report claiming that bitcoin could potentially reach a price of $318,000 by the end of 2021. Clearly, everyone thinks the future of bitcoin will be a bright one, but for another person – Ark Investment CEO Cathie Wood – bitcoin is truly the future of money, and all these other predictions are being trumped by her belief that the cryptocurrency...

It looks like bitcoin has found another big fan. The second-richest person in Mexico – Ricardo Salinas Pliego – says he has just made a major investment in the digital currency, but it looks like it wasn’t FOMO or even a newfound love of crypto that inspired him to get involved. Rather, it was fear of his own government.Pliego Has Ten Percent of His Portfolio in BTCThis year has been negative in many ways, though it can easily be said that 2020 was the year for bitcoin. The currency has...

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

XRP/USD – XRP Turns Parabolic With 95% SurgeKey Support Levels: $0.5, $0.481, $0.45.Key Resistance Levels: $0.556, $0.58, $60.The growth of XRP over this past week is truly remarkable. The cryptocurrency managed to surge by over 95% when it started to climb from $0.28 to explode higher and test the 2019 highs at $0.556 today.The bulk of the price surge started on Saturday after XRP managed to break the 2019 high and push above $0.4 to reach the $0.48 level. The coin stalled on Sunday but...

Less than two months after its latest network upgrade, Ethereum Classic plans to undergo another one on November 29th. Dubbed Thanos, the new hard fork will enhance security while maintaining its compatibility with Ethereum.Thanos Is An Inevitable ETC Network UpgradeThe Ethereum Classic team would like to quickly forget the summer of 2020. In the span of one month, the network was subject to three separate 51% attacks.The Ethereum Classic Core developer team and Ethereum Classic Labs decided...

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap.Obsessed With Capital EfficiencyThe project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current segmented liquidity, which only allows users to choose one of Swaps (Uniswap, Sushiswap, Bancor, etc.), Options (Deribit, Hegic, Opyn, etc.), and Loans...

Many blockchain and digital asset companies find it hard to advertise effectively. Not only have these companies been barred from mainstream advertising networks like Facebook and Google Ads, but they must often work with individual publishers or subpar advertising companies to market their services/products.In order to solve this issue and to bring a wider diversity of marketing strategies to companies in the cryptosphere, the Paradox Group, a marketing agency focusing on advertising for...

Bitcoin bulls have managed to buy up another dip today after prices slumped $650 during the morning’s early hours. This is the second significant price crash to have taken place over the last 48 hours, with BTC tumbling $1,000 yesterday to a low of $17,600 before correcting (marked by a white arrow on the following chart).According to popular crypto analyst Willy Woo, there has been a substantial spike in the number of ‘Bitcoin days destroyed’ recently. This refers to the number of bitcoins...

Sean Ono Lennon, the son of John Lennon, believes that Bitcoin empowers people in a way they haven’t experienced before.In a recent conversation with Max Keiser, Lennon also noted that BTC is a breath of optimism in an otherwise destructive year.Lennon: Bitcoin Empowers PeopleThe son of the founder and co-lead vocalist of the Beatles, John Lennon, is a British-American musician and songwriter with several albums. Apart from following his father’s footsteps in music, Sean Ono Lennon is...

Stellar lumen price is showing a lot of positive signs above $0.1000 against the US Dollar.XLM price tested the $0.1120 resistance zone and it is now well above the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $0.1090 on the 4-hours chart (data feed via Kraken).The pair could correct a few points, but dips are likely to be limited below $0.1000 and $0.0980.Stellar lumen price is trading in a bullish zone above $0.1000 against the US...