Beam To Launch A Privacy-Focused DeFi Platform Called BeamX

The team behind the mimblewimble-based privacy coin Beam will launch a DeFi platform enabling developers to create confidential, decentralized, and user-friendly financial applications. Dubbed BeamX, the platform will arrive on November 19th, with the first iteration being an experimental network, while the mainnet should be released in Q1 2021. Beam Announces DeFi Platform Called BeamX The press release shared with CryptoPotato described...

Ripple Price Analysis: Despite the Struggles at $0.25, Is It Time for an XRP Move?

XRP/USD – Coin Still Trapped In Consolidation Key Support Levels: $0.25, $0.245, $0.24. Key Resistance Levels: $0.261, $0.271, $0.28. XRP might be above the 100-days EMA this week, but it is still struggling to break the resistance at $0.261 (bearish .5 Fib Retracement). The coin has struggled to break this level since October and must push above to start the beginning of...

Bitcoin Price Sets New High Above $16,100 – Is Macro Cycle Confirmed? (BTC Analysis)

Bitcoin bulls have returned with force today and propelled the top crypto to a new high of $16,177 – a price not seen since 2017! The global crypto market briefly rose back above $460 billion during the surge as $12 billion flooded back into the space. Despite strong selling pressure at this new level, optimism is high from other industry-leading...

Bitcoin Bull Chamath Palihapitiya’s Social Capital Will Fund Crypto Investors to Generate Returns for Them

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The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.” SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new investors could face when starting....

Bitcoin Retests $16K Again: Double Top or New High Soon? (Market Watch)

After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces BTC has performed quite decisively lately. The...

Bitcoin Stock-to-Flow Model Still on Track Despite Big Bets Against it

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Bitcoin re-tapped its highest price since January 2018 a few hours ago as it came within a whisker of $16,000. For the second time this month, that price level proved to be too much resistance and the asset has fallen back to $15,750 at the time of writing. The bullish momentum over the past month has kept Bitcoin well within...

Higher Compliance Costs for Bitcoin Holding Companies Under Biden Presidency, Ripple CEO Forecasts

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Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins to carry out its climate change...

Bitcoin Hits $16K For a New 2020 Record: 325% Up Since March Yearly Low

Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark. With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced. It’s worth noting that this is another yearly high. It’s also interesting...

KuCoin Has Recovered 84% Of All Stolen Funds, CEO Confirms

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Over a month after being hacked and drained for nearly $300 million worth of various cryptocurrencies, the popular exchange KuCoin has recovered 84% of all funds. The company’s CEO also indicated that they will resume full service for all tokens by November 22nd. KuCoin Recovers 84% Of All Stolen Funds As CryptoPotato reported in late September, the cryptocurrency exchange KuCoin experienced...

Major Chinese Bank to Sell $3 Billion of Debt Using Blockchain

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One of China’s biggest banks is selling $3 billion worth of bonds to investors. The offering allows clients to make purchases with cash and Bitcoin.  Raising $3 billion From A Bonds Sale China Construction Bank Corp. aims to raise up to $3 billion from a planned sale of bonds. As per a recent news report, the offering is a mutual partnership with Hong...