Crypto winter may be over, but what do these continued price increases mean for the future of the cryptocurrency sector? AFP via Getty Images The steady rise of cryptocurrency prices during the second half of 2020 has continued, and some would say have accelerated, in the face of continued political and economic uncertainty the world over. While this is certainly good news for crypto investors and those that continue to believe in the long term bullish case for… Source link

The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In past cycles, the dominant cryptocurrency typically rallied after a sell-off from whales. On March 12, for instance, the All Exchanges Inflow Mean (MA7) indicator hit 3. At the time, BTC declined to as low as $3,596 on BitMEX after seeing cascading liquidations. Since then, the MA7 has never increased above 1.7. On Nov. 11, for the first time since March, the MA7 neared 2…. Source link

China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit in Malaysia, the South China Morning Post reported Wednesday. This is the first digital… Source link

The Monero (XMR) network has been targeted with a type of attack called the Sybil attack. Monero developer Riccardo Spagni announced that the attack did not succeed. Riccardo Spagni, the leading developer of Monero, announced that a Sybil attack was carried out against Monero. The attack, aimed at disrupting the functioning of the Monero network, did not succeed. The Sybil attack is a security threat that, according to Binance Academy’s definition, is the result of someone trying to… Source link

Bitcoin and cryptocurrency prices have soared over the last few weeks, pushed on by a raft of positive news and boosted by the U.S. election. The bitcoin price has also climbed after central banks around the world, including the U.S. Federal Reserve last month, have signalled they are increasingly looking into digitalizing their currencies, potentially opening up the bitcoin and crypto market to millions. Now, bitcoin and crypto watchers are braced ahead of the European Central Bank’s… Source link

The overall market conditions haven’t shown any significant momentum on Tuesday’s market session as Bitcoin looks to sustain above the support level of $15200 and Ether is looking to have a positive, sustainable breakout above $450.00 The global crypto market capitalization has reached $441.02B, resulting in a decline of -0.66% over the day  The total volume traded in the crypto market in the last 24 hours stands at $122.31B resulting in an increase of… Source link

For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support.  A positive is BTC continues to make higher lows and at the time of writing the price is trying to break from the range but still encountering resistance at $15,500. While BTC price has bounced back and forth, altcoins and select DeFi tokens capitalized on the consolidation phase and turned bullish. DeFi having a day Top 3: $YAX + 73%$MTA + 35%

Ethereum Ethereum rose by 1.36% on Tuesday. Partially reversing a 2.16% fall from Monday, Ethereum ended the day at $450.89. It was a mixed start to the day. Ethereum fell to an early morning intraday low $439.36 before making a move. Steering clear of the first major support level at $432.43, Ethereum rallied to a late morning intraday high $455.51. Falling short of the first major resistance level at $458.60 Ethereum fell back to sub-$450 levels. Finding support in the 2nd half of the day,… Source link

New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not move them. This indicates that whales accumulated BTC at that level and suggests that it will likely remain as a support area in the event of a correction. As such, in the near term, it is crucial for Bitcoin to remain above $14,914 for a prolonged… Source link

The privacy-focused cryptocurrency Monero (XMR) has recently suffered a Sybil attack. This development, shared with the industry by Monero developer Riccardo “Fluffy” Spagni, includes both interesting details and hints about the attack. Even if the Monero network or privacy is not damaged by this attack, even such an attack can be expressed as a great improvement. In order to understand the clues offered by this attack and Spagni’s statement, first of all,… Source link