It Isn’t Too Late to Buy Bitcoin

Bitcoin is exploding higher after days of consolidation under $19,000. The leading cryptocurrency as of this article’s writing is in the midst of shooting toward previous all-time highs. Bitcoin currently trades for $19,400, which is the highest it has traded since the late 2017 highs. BTC has a few percent to move to the upside before it is to actually set a new all-time high, though many are confident it will happen soon. Despite the strong rally of 70% in the past five or six weeks, many don’t think it…

Celsius says it tipped in 25,000 Ether to help launch Ethereum 2.0

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1.  Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for the beacon chain, an impressive 524,288 Ether (ETH) from 16,384 validators has been deposited into the Eth2 contract. As such, there is now assurance from The Ethereum Foundation that Eth2’s beacon chain will indeed go live…

This Technical Pattern Suggests Yearn.finance (YFI) Could See a Massive Breakout

Yearn.finance’s YFI token has been consolidating within the mid-$20,000 region throughout the past few weeks, with its recent parabolic surge from lows of $7,500 getting slightly overheated after it approached $30,000. It has since been consolidating and is now gearing up for another bout of volatility as its trading range grows narrower by the day. Some positive underlying developments have been backing its ascent, with the ecosystem’s founder teasing the release of decentralized options contracts, as well as yields in the yVaults rocketing higher over the past few weeks. As…

Chinese Bitcoin Miners Hesitant to Trade. Otherwise, It’s Business as Usual.

Key Takeaways Cryptocurrencies are currently trading at a discount of 2% to 3% in China.  Bitcoin miners and traders are hesitant to use OTC platforms because they fear getting their accounts frozen by the government.  Nevertheless, sources have confirmed that the crackdown is not crypto-related and hasn’t affected business in China.  Share this article This year, several Chinese OTC desks, miners, and traders have been caught up in a large-scale government crackdown, raising fear, uncertainty, and doubt that it is the leading cause of Bitcoin’s price surge.  The Chinese Bitcoin…

Nigeria is establishing a framework for widescale crypto adoption

Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies — a move that could accelerate adoption in Africa’s largest economy.  Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of Finance is working with the Abuja-based Securities and Exchange Commission, or SEC, to “provide a regulatory environment for blockchain” and digital assets. The publication cites Ministry adviser Amstrong Takang speaking at an industry event in Lagos on Tuesday. Digital assets are recognized as commodities and governed…

What would Commerce Secretary Andrew Yang mean for crypto?

President-elect Joe Biden is reportedly considering crypto-friendly Andrew Yang as his future Secretary of Commerce. According to a CNN report “based on conversations with Biden allies and advisers and Democrats with knowledge of the matter,” the president-elect may be tapping Yang, a former presidential candidate and entrepreneur, for a position in his cabinet. Many considered Yang to be one of the most pro-crypto presidential candidates. He said that he wanted to implement blockchain-based mobile voting and outlined plans to regulate the cryptocurrency industry. The former presidential candidate is most well…

Google Trends shows ‘Bitcoin’ searches at 2020 high as BTC tops $19.4K

Today Bitcoin (BTC) price extended its rally toward a new all-time high as the price surged to $19,412 in the morning trading session.  Daily cryptocurrency market performance. Source: Coin360 Determining the actual all-time high for BTC is somewhat debatable as various exchanges have different figures listed. For example, Coinbase has registered $19,892 as Bitcoin’s peak, whereas BitMEX and Binance have $19,891 and $19,799 respectively. Thus, for most traders, $20,000 is likely to be the primary focal point that will solidify BTC reaching a new all-time high. Pushing through the $19,000…

Chainlink May Soon Set New All-Time Highs Once It Breaks This Key Level

Chainlink has been incredibly strong over the past few days, fully exposed to the upside seen across the aggregated cryptocurrency market as bulls take full control. Its price has surmounted multiple key resistance levels that have slowed its ascent in the past, and it is now only a stone’s throw away from setting fresh all-time highs. The cryptocurrency is facing some intense resistance within the lower-$16.00 region, as each attempt to break above this zone has resulted in it seeing massive inflows of selling pressure. If it remains trapped below…

Blockchain-based voting systems have potential despite security concerns

The 2020 United States presidential election was met with an increase in mail-in ballots due to COVID-19 concerns. Yet while many Americans stayed away from polling stations this year, postal delays, rejected ballots, and other challenges emerged. Unsurprisingly, better ways for casting votes during major elections quickly became a hot topic of discussion. This has also led some in the crypto community advocating with renewed vigor for a blockchain-based voting system to be used in the future presidential elections. While the promises of blockchain include trust, transparency and immutability, a group…

Will ‘money printer go brrr’ rob Bitcoin of its all-time high?

Bitcoin’s (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value at the end of the initial-coin-offering boom. In the years since, the asset has never again come close to these prolific price highs — until now. Crypto’s first currency is once again trading a few percentage points away from its previous milestone as of press time. While crossing $20,000 may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all-time high in terms of buying power at that…