XRP Posts Failed Breakout as It Loses Its “Coil Power”

XRP has been caught in the throes of volatility as of late, with much of this greatly favoring bulls The crypto saw a parabolic upswing earlier this week that caused its price to multiply over the past few days This intense upswing has slowed down, and the lack of any fundamental catalysts backing this movement may make it feeble and easily reverted Where it trends in the near-term will depend largely on bulls, as any dissipating buying pressure could give room for the crypto to see an intense decline One…

eBay Shoppers Can Now Earn Free Bitcoin This Christmas

Share this article Bitcoin rewards application Lolli has added eBay to its list of partner stores, offering 1% cash back rewards in BTC for online purchases on eBay.  Lolli Incentivizes Bitcoin Lolli is a Chrome, Firefox, and Microsoft Edge extension that rewards users in Bitcoin for shopping online with the company’s partner stores.  These stores include GoDaddy, Groupon, Staples, Adidas, Udemy, Expedia, and others.  With eBay’s addition, the Bitcoin business looks to expand its user base by tapping into eBay’s 127 million customers. The CTO and co-founder of Lolli, Matt…

Lolli integrates ‘free Bitcoin’ functionality for eBay before Black Friday

Online auction marketplace eBay is teaming up Lolli, a crypto-centric shopping app, to integrate Bitcoin (BTC) rewards for its 127 million users. Lolli announced Wednesday that its users can earn 1% back in Bitcoin when they shop on eBay’s marketplace. The initiative is part of a dual strategy to integrate crypto payments with online marketplaces and to raise awareness about digital assets. Lolli CEO and cofounder Alex Adelman said: “Today, we are proud to partner and make bitcoin more accessible to those users and continue our mission of furthering bitcoin…

Bitcoin Headlines Sour as Leading Cryptocurrency Corrects

Key Takeaways Bitcoin holders have grown overwhelmingly bullish, which is a negative sign form a counter sentiment perspective.  A well-known technical indicator among institutional investors adds credence to the pessimistic outlook. If sell orders begin to pile up, BTC could see its price retrace towards $14,000. Share this article Bitcoin sits a few hundred dollars shy from new all-time highs, but several on-chain metrics and technical indexes suggest that the latest correction may steepen.  Crypto Enthusiasts Grow “Extremely Greedy” Bitcoin made headlines after climbing above $19,000 for the first time…

Bitcoin Decoupling from Gold in Push for All-Time High

Key Takeaways Bitcoin is pushing for its $20,000 all time high, while the price of gold has been dropping since the summer. The weak correlation between the two assets over recent months shows that they don’t always follow the same trajectory. It’s a possible sign of investors turning to “digital gold” in place of the more mature physical asset. Share this article Bitcoin has been rising against gold throughout 2020.   The correlation coefficient between the two assets over the last six months is at -0.72, signaling that they’ve mostly been…

Galaxy Digital CEO recommends investing up to 3% of one’s net worth into Bitcoin

With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025. In a Yahoo Finance Live interview published on Wednesday, Novogratz said that the current Bitcoin (BTC) rally is being fueled by institutions and high-profile investors “slowly getting into the space.” He cited companies like PayPal and Square adopting crypto, as well as billionaire Stanley Druckenmiller recently suggesting the digital asset may pay out more than gold. “Bitcoin has become a macro asset to hedge against the debasement of…

Ethereum Transaction Fees Rising Hints At DeFi Season Round Two

Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam. But as transaction fees begin to pick up again after a period of inactivity and downtrend, could it be a signal that another phase of DeFi dominance is about to start? DeFi Helps Take Ethereum To 350% ROI In 2020, With More Soon To Come Ethereum is up over 350% in 2020, beating even the ultra-bullish Bitcoin at its own game. The altcoin saw explosive growth…

Financial institutions to boost future blockchain spending

Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled “Financial Services Industry Outlooks 2020.” Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14% are expecting a large increase. A further 33% expect no change, with the remaining 27% looking to cut their expenditure slightly. The survey grouped blockchain with a variety of other emerging technologies. While it was not the most popular…

Facebook’s Libra hires former OCC prosecutor and central bank expert

The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system.  In an official press release, the Libra Association Wednesday introduced Saumya Bhavsar as the new general counsel of Libra Networks, the entity charged with operating the blockchain-based payment system. Bhavsar comes with two decades of experience in the financial services industry serving in various legal, regulatory and compliance roles. She previously worked with United State and European banks and regulatory agencies, including Credit Suisse, the European Commission…