Ethereum, Litecoin, Ripple price analysis roundup

All major cryptocurrencies have collapsed this Thursday and the ongoing sell-off is still not over. The price of Ethereum, Litecoin and Ripple is also pressured by this situation and more than $25 billion were wiped out from the market in less than 24 hours.

Despite this negative news, it is important to mention that Russian Prime Minister Mikhail Mishustin said this week that the country will recognize cryptocurrencies as property, enabling their owners to protect their interests in court.

Ethereum (ETH) weakened below $500 level

Ethereum (ETH) is trading currently below the $500 level and this could be the indication that the price could weaken even more. The price of this cryptocurrency has lost over 12% this Thursday but it is still in a green zone on a week-to-week basis.

Traders should have in mind that the price could weaken even more by the end of this trading week and there are some obvious risks when it comes to trading Ethereum (ETH) currently.

Data source: tradingview.com

The current support levels are $440 and $400, $560 and $600 represent the resistance levels. As long the price is above the $400 support level this cryptocurrency remains in the “buy” zone and there is no indication of the trend reversal in my opinion.

If the price breaks this support level it would be a very strong “sell” signal and maybe the indication that Ethereum is entering again into a “bear” market. On the other side, if the price jumps above $560 that could be a very good opportunity for the short-term traders and the next target could be around $600.

Litecoin (LTC) price is still above $60 support

Litecoin (LTC) has lost over 17% this Thursday but the price is still trading above $60 which represents a very strong support level. Litecoin remains in a bull market for now but traders should use “stop-loss” and “take profit” orders when they are opening their positions because the risk is very high currently.

Data source: tradingview.com

The important support levels are $60 and $50, $75, $80 and $85 represent the resistance levels. If the price jumps once again above $75 it would be a signal to buy Litecoin (LTC) and we have the open way to $80 but if the price falls below $60 it would be a strong “sell” signal.

Ripple (XRP) price is in a buy zone

The price of Ripple (XRP) has advanced from $0.27 above $0.75 in less than five days and the current price stands around $0.53. According to the rules of technical analysis, the main trend of this cryptocurrency still remains “bullish“.

It’s not unusual to see considerable corrections in the market after massive rallies like the Ripple has experienced in the last several days.

Data source: tradingview.com

The current resistance levels are $0.60 and $0.65, $0.50, $0.45 and $0.40 represent the important support levels. If the price jumps again above $0.60 it would be a signal to buy Ripple (XRP) and a very good opportunity for the short term traders.

On the other side, if the price falls below $0.40 support it would be a strong “sell” signal and we have the open way to $0.30.

Summary

All major cryptocurrencies have collapsed this Thursday and some analysts say that the correction is still not over. The cryptocurrency market has lost billions of dollars in only several hours and traders should have in mind that the crypto market could weaken even more by the end of this trading week. Despite this, Ethereum, Litecoin and Ripple still remain in a bull market and it’s not unusual to see considerable corrections in the market after massive rallies.

The post Ethereum, Litecoin, Ripple price analysis roundup appeared first on Invezz.

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Ethereum 2.0 set to launch in December

Ethereum’s deposit contract attained its threshold of 524,288 Ether and is set to launch on December 1st. Its confirmation came in just nine hours remaining to the deadline.

Despite the early concerns from the low staking participation, the transfer increased with more than 200,000 ETH in the past 14 hours. 524,288 Ether was transferred from 16,384 validators since the deposit contract went live on Nov. 4.

Note that the genesis participants will not be capable of withdrawing their coins until the beacon chain reaches phase 2.

What’s more, with the genesis taking place just seven days after the required deposit threshold contract was met, many holders are waiting for third parties to enable staking services. It is despite the potential risks of Ethereum-based scams.

The Ethereum 2.0 contract was released early in November and has accrued more than 540,000 ETH by Monday night. It significantly contributed to ensuring that the change from the second-largest cryptocurrency to the proof-of-work mechanism took place. The last 25% ETH required to trigger the contract was deposited only four hours before the deadline.

Ethereum also saw its price rise by more than 10% in 24 hours. For the past time in two years, it surpassed $600. However, the network isn’t launching just yet. The launch will activate the beacon chain and run alongside the existing Ethereum network.

The founder of WeekInEthereum and one of the grants at Ethereum, Evan Van Ness, tweeted minutes after hitting the target, stating,

“We did it! Ethereum’s proof of stake chain will launch on December 1st.” We have now reached the minimum necessary for chain launch, including the pending transactions.”

🚀🚀🚀

We did it! Ethereum's proof of stake chain will launch on December 1st.

💯%. We have now reached the minimum necessary for chain launch, including the pending transactions pic.twitter.com/kPGNX6qqk6

— Evan Van Ness (@evan_van_ness) November 24, 2020

He also informed his followers in the comment section, saying that they had until tomorrow UTC to deposit if they want to be part of the genesis block, which was about 9 hours from that time.

The backbone of the decentralised internet

In an interview conducted by CoinDesk, back in July, Danny Ryan, Ethereum Foundation developer, and the Ethereum 2.0 coordinator stated that the upgrade 2.0 will add tons of intrinsic value to the system.

He added,

“I think that crypto markets are pretty wild and new and people have trouble figuring out how to value these things but in terms of intrinsic value [Ethereum 2.0] is an incredible upgrade that is going to enable Ethereum to be the backbone of a decentralized internet,”

The post Ethereum 2.0 set to launch in December appeared first on Invezz.

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Should you invest in Ethereum (ETH) as price breaks $600?

Ethereum (ETH) price has broken out above the $600 mark for the first time since June 2018. The buyers will now aim to push for a close above this line as they attempt to force a bullish end to 2020.

Fundamental analysis: Delays in the rollout of Ethereum 2.0 may diminish its dominance in the DeFi sector

Crypto market experts expressed their concerns about Ethereum’s ability to keep up with the growth of other DeFi projects as the launch of Ethereum 2.0 keeps getting postponed. The long-anticipated rollout of Ethereum 2.0 will involve the shift to the Proof-of-Stake (PoS) which will substantially improve scalability and network performance. 

Earlier in November, the Ethereum 2.0 deposit contracts launched and enabled ETH owners to stake their holdings. The phase 0 of Ethereum 2.0, called Beacon Chain, will launch following a minimum contract deposit of 524,288 ETH.

The likely delay in the Beacon Chain rollout will also result in a further postponement of sharding and upcoming phases of ETH 2.0 launch. As the Ethereum serves as a platform to a number of DeFi tokens, these delays are likely to impact the overall DeFi market. 

The decentralized finance sector experienced a boom during the summer this year, with many new tokens hitting historical highs a few months ago, however, the sector also went through a major correction later. Ethereum hosts around 80-90% of DeFi transactions and that’s why analysts believe the delays in ETH 2.0 launch could affect its dominance in the sector. 

Since the new upgrade is expected to massively improve scalability, Ethereum 2.0 is also projected to significantly expand use cases in DApp and DeFi. As a result, the Ethereum 2.0 network is expected to provide a major boost to DApp and DeFi use cases.

“Eth2 is designed to optimize the network architecture without causing decentralization, security and scalability to suffer. Upgrades should enable Ethereum to scale to thousands of times its current capacity while remaining both secure and decentralized… which will be a boon for DeFi,” said Steven Becker, Chief Executive of DeFi project MakerDAO. 

Technical analysis: ETH breaks out

Ethereum price has gained over 8% today to push above the $600 mark for the first time in over 2 years. The “equal legs” move – where the magnitude of a movement is equal to another movement – has signalled that last week’s push to $580 was supposed to be a short-term peak.

Ethereum daily chart (TradingView)

However, ETH buyers seem relentless in their bid to push the price action towards much higher levels. The support line around the $500 handle will now act as support and offer an opportunity to new buyers to jump into the market as buyers work towards their next target at $640. 

Summary

ETH price broke out above $600 as buyers continue their relentless push higher. Elsewhere, the continuous delay in the launch of Ethereum 2.0 may significantly reduce the platform’s dominance in the DeFi sector, analysts say. 

The post Should you invest in Ethereum (ETH) as price breaks $600? appeared first on Invezz.

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Crypto News Cast For November 23rd 2020 ?

Crypto News Cast 📮 23-11-2020

News Source

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $543 B
📊24h Mcap %:        13.49%
⚠️Bitcoin Dom:        62.30%
📌Active Coins:       4,681
📍24h Vol %:            0.59%
💲24h Vol:                $219 B

Crypto News Updates :

• China's Xi Asks G20 Countries To Support CBDCs
  
• Swiss Financial Institutions Bet on ETH2, BCH and USDC
  
• Ethereum Hits $600 Highest Value Since 2018
  
• Over 50% Of Total ETH Required To Launch ETH 2.0 Mainnet Already Staked
  
• Ripple Will Make XRP Ledger Integral Part of CBDCs
  
• John Lennon's Son Says Bitcoin ‘Empowers’ People
  
• Van Eck: Bitcoin Is Less Volatile Than Stocks
  
• Mark Yusko: Bitcoin Doing 'Extremely Well' Due to FED's Dollar Devaluation

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- China's Xi Asks G20 Countries To Support CBDCs

China’s President Xi Jinping told G20 meeting attendees this week that the group of the world’s largest developed economies should be open to central bank digital currencies (CBDCs) when developing standards for them. In a wide-ranging speech that addressed the future of the global economy in the wake of the COVID-19 pandemic, Xi said that the G20 needs to discuss developing standards and principles for central bank digital currencies with an open and accommodating attitude. Read Full on CoinDesk.

- Swiss Financial Institutions Bet on ETH2, BCH and USDC

Swiss financial entities focused on cryptocurrencies are engaging clients with new opportunities. Swiss bank SEBA announced on Nov 19 that it now accepts Bitcoin Cash and stablecoin USDC. The FINMA-registered Swiss bank stated that customers may now use the coins for services. This includes trading, digital custody, earning interest (USDC), and fiat lending against BCH. SEBA is headquartered at Zug in Switzerland’s Crypto Valley. Also, Zug-based Bitcoin Suisse announced on Nov 20 that the company’s clients had staked over 71,891 ETH in their ETH2 staking. Read Full on BeInCrypto.

- Ethereum Hits $600 Highest Value Since 2018

The second biggest cryptocurrency Ethereum has just reached $600 - on its way to recovering the 2018 all-time of high (ATH) of $1,300. In the last 24 hours, its price has increased by 14%. Over the past seven days, Ethereum has cranked 26% from around $460 this time last Monday. Since the beginning of the year, ETH has surged 350% outperforming its big brother Bitcoin which has only made around 150% by comparison. Ethereum’s market cap has also increased. At the time of writing, Ethereum’s market cap is at $67 billion, up 28% in the last month, and 34% in the last three months. Read Full on Decrypt.

- Over 50% Of Total ETH Required To Launch ETH 2.0 Mainnet Already Staked

The deposit contract address for Ethereum 2.0 has reached 50 percent of its target, marking a significant milestone for the much-awaited upgrade of the second-largest blockchain. At the time of writing, its total balance stands at 292,480 ETH ($170 mln at the time of writing), Etherscan data shows. The deposit contract will have to hit the 524,288 ETH threshold required to launch the Beacon Chain mainnet. The aforementioned sum has to be reached seven days before Dec. 1 to avoid another delay. Read Full on twitter.

- Ripple Will Make XRP Ledger Integral Part of CBDCs

Ripple is pushing to bring the XRP Ledger to the world of central bank digital currencies (CBDCs). The San Francisco startup is looking to hire a senior director of central bank engagements, according to a new job listing. The new hire will focus on developing strategies to integrate Ripple’s products with the nascent CBDC market and pitch various ways in which banks can utilize the XRP ledger. Ripple says it wants to partner with CBDC projects and manage a “target list and pipeline of banks and projects and driving the deal process from start to finish.” Read Full on The Daily Hodl.

- John Lennon's Son Says Bitcoin ‘Empowers’ People

The son of Beatles legend John Lennon has praised bitcoin for its ability to help individuals transcend politics and world events. Sean Ono Lennon, speaking on the Orange Pill Podcast on Sunday, said bitcoin empowers people in a way they’ve never been empowered before. He noted that, the world’s first crypto is one of the only things that gives him more optimism about the future and humanity in general amid the tribulations of 2020. Read Full on twitter.

- Van Eck: Bitcoin Is Less Volatile Than Stocks

Van Eck's latest research appears to be an effort towards calming investor fears about Bitcoin as well as the SEC's. Investment management firm Van Eck released new research indicating that Bitcoin’s price movements are less volatile than between a quarter and a third of the stocks listed on the S&P 500. German issuer of exchange-traded products said, on a year-to-date basis, 29% of S&P 500 stocks experienced more volatile price fluctuations than the digital currency, while 22% did the same on a 90-day basis, said Van Eck. Read Full on cointelegraph.

- Mark Yusko: Bitcoin Doing 'Extremely Well' Due to FED's Dollar Devaluation

According to Mark Yusko, founder and CEO of investment firm Morgan Creek Capital Management, the U.S. FED and the rise of “zombie companies” is prompting investors scramble to hedge against inflation using bitcoin and gold. Yusko took aim at zombie companies, those that need bailouts at times of financial stress to stay in operation, calling them a “Ponzi finance scheme” and saying their inability to repay debt, left the “only choice” for the Federal Reserve is to devalue the currency. As a result, bitcoin and gold have been doing “extremely well,” according to Yusko. Read Full on CoinDesk.

Crypto News Cast For November 21st 2020 ?

Crypto News Cast 📮 21-11-2020

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $534 B
📊24h Mcap %:        5.68%
⚠️Bitcoin Dom:        64.7 0%
📌Active Coins:       4,662
📍24h Vol %:            32.58%
💲24h Vol:                $179 B

Crypto News Updates :

• Ether Wallet Addresses With At Least 1 ETH Hits Record High
• Grayscale Buys Over $188 Mln Worth of Bitcoin In Single Day
• Global Search Volume For Bitcoin Is Higher Than In 2017 Bull Run
• Morgan Creek Registers Bitcoin Fund With SEC
• US Government to Use USDC to Bypass Venezuela's Maduro
• BlackRock CIO Says Bitcoin Is Here To Stay and Will Replace Gold
• American Rapper ‘Logic’ Acquires $6 Million Of Bitcoin
• MUFG Plans to Launch Blockchain Payment Network in 2021

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- Ether Wallet Addresses With At Least 1 ETH Hits Record High

The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators. According to data from Glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov. 19. The high number of Ether holders could be due to the popularity of decentralized finance, and associated tokens that use the Ethereum network addition to this, the current launch date for Ethereum 2.0 Phase 0 is currently set for Dec. 1. Read Full on cointelegraph.

- Grayscale Buys Over $188 Mln Worth of Bitcoin In Single Day

 Grayscale managing director Michael Sonnenshein has taken to Twitter to boast another major Bitcoin acquisition made within one day. This time, the company scooped up more than $188 mln worth of Bitcoin on Nov. 19. The amount of daily absorption grows as, prior to that on November 12 Michael Sonnenshein that Bitcoin Trust acquired over $115 mln in Bitcoin. The total amount of crypto assets under grayscale management has now surpassed $10 bln. Read Full on U.Today

- Global Search Volume For Bitcoin Is Higher Than In 2017 Bull Run

According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in the December 2017 bull run was lower than in November 2020. Citing SEO data provider SEMrush, Michelson said that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. This is 356% more than BTC search volumes recorded back in December 2017, which amounted to 2.5 million, according to Michelson’s data. Read Full on cointelegraph.

- Morgan Creek Registers Bitcoin Fund With SEC

Morgan Creek Capital registered a new Bitcoin fund, called the Exos Risk-Managed Bitcoin Fund, with the SEC yesterday. The private equity fund is designed to provide exposure to Bitcoin, and reduce volatility of returns. In addition—according to the website—the fund will fully allocate capital to Bitcoin based on positive indicators, and reduce or exist its position when indicators are negative. An incentive fee of 20% above Bitcoin return is also applied. Read Full on Decrypt.

- US Government to Use USDC to Bypass Venezuela's Maduro

Circle, which along with Coinbase issues the USDC stablecoin, announced today that it has coordinated with the US government to route aid for Venezuelan healthcare workers through the Latin American country's government in exile. The US recognizes Juan Guaidó, not Nicolás Maduro, as Venezuela's rightful president. Maduro has blocked the exiled government's access to cash, but Guaidó has access to seized Maduro regime funds within the US. Circle is helping route these funds to Venezuelan health workers using its USDC stablecoin. Read Full on Decrypt.

- BlackRock CIO Says Bitcoin Is Here To Stay and Will Replace Gold

Bitcoin—and by some extension the wider cryptocurrency industry—has received praise from several high profile names in the traditional finance world in recent months. Now, it seems, Bitcoin has another fan. Blackrock CIO Rick Rieder said today on CNBC that Bitcoin is here to stay. He told that digital currency, and millennial’s receptivity of technology and cryptocurrency is real. He also pointed out that Bitcoin is a durable mechanism that could take the place of gold in the future as it is much more functional than passing a bar of gold around. Read Full on twitter.

- American Rapper ‘Logic’ Acquires $6 Million Of Bitcoin

Prominent individuals are jumping on Bitcoin like never before. American rapper Sir Robert Bryson Hall II alias Logic has joined a list of celebrities who have invested in the crypto market, particularly Bitcoin. The rapper Logic revealed through an Instagram video that he had purchased $6 million worth of Bitcoins last month. He said in the video that the move was a “YOLO”—short for “You Live Only Once”—investment, and even changed his Twitter name to "Bobby Bitcoin." Read Full on Decrypt.

- MUFG Plans to Launch Blockchain Payment Network in 2021

Mitsubishi UFJ Financial Group (MUFG), one of the largest banking institutions in Japan, is set to launch its high-speed blockchain payment network with the U.S.-based tech firm Akamai in 2021. MUFG and Akamai aim to provide cheaper and more efficient payment services via their joint venture Global Open Network (GO-NET). The network also plans in July of next year to start a service allowing customers to buy canned and bottled beverages at some vending machines in Japan by placing a credit card on a machine reader. Read Full on CoinDesk.

Crypto News Cast For November 20th 2020 ?

Crypto News Cast 📮 20-11-2020

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $525 B
📊24h Mcap %:        18.50%
⚠️Bitcoin Dom:        66.30%
📌Active Coins:       4,659
📍24h Vol %:            3.20%
💲24h Vol:                $143 B

Crypto News Updates :

• Bitcoin’s Taproot Upgrade Support Surges By 45%
• SEC Chair: Inefficiencies In Traditional Payment System Boosting Bitcoin
  
• China's State TV CCTV Shills Bitcoin To Millions
  
• OCC Chief Brian Brooks Says Launch of Crypto Banks Is Imminent
  
• Goldman Expects Digital Yuan Will Reach 1 Billion Users in 10 Years
  
• First Employer-Sponsored Bitcoin Retirement Plans Launched In US
  
• Ethereum Breaks $500 for First Time Since 2018
  
• OKEx Crypto Exchange To Reopen Bitcoin Withdrawals
  

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• FTXexchange: https://bit.ly/2SGhEL5
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- Bitcoin’s Taproot Upgrade Support Surges By 45%

Bitcoin miners are signaling that they support the Taproot upgrade, which aims to boost privacy and efficiency. F2Pool, the largest Bitcoin mining pool has been listed on the “Taproot-Activation” website, signaling its support for Bitcoin’s protocol upgrade proposal Taproot. With the addition of F2Pool, Taproot, which aims to improve the network’s privacy and efficiency, has now gained the combined support of miners responsible for 45% of Bitcoin’s hash power. This means it is just 6% away from reaching a majority. Read Full on Decrypt.

- SEC Chair: Inefficiencies In Traditional Payment System Boosting Bitcoin

SEC Chairman Jay Clayton reiterated that he does not believe Bitcoin is a security, but suggested that more regulation could still be on the way from other federal agencies. Clayton told that Bitcoin more resembles a store of value and a payment mechanism than it does a security, and that “inefficiencies” in current traditional payment mechanisms, both domestically and internationally, are boosting Bitcoin’s growth. But he also warned that as Bitcoin becomes more popular, it could become further regulated as a payment method. Read Full on twitter.

- China's State TV CCTV Shills Bitcoin To Millions

As noted by prominent Chinese crypto analyst “cnLedger,” yesterday, CCTV, the official Chinese Communist Party television channel, did a segment on Bitcoin due to the rally. According to him, the state channel covered Bitcoin’s price being up 70 percent in fifty days, along with the strength in the fundamentals of the cryptocurrency. It mentioned that bitcoin’s network, development and investment eco-system are now far better than 2017 bull market and added the recent rise is driven by institutional funds. Read Full on twitter.

- OCC Chief Brian Brooks Says Launch of Crypto Banks Is Imminent

Comptroller of the Currency Brian Brooks says the advent of crypto banks is just around the corner. In an interview with Forbes, the head of the Office of the Comptroller of the Currency (OCC) reveals that there are a few crypto firms beelining for the Trust Charter with the OCC in order to provide crypto banking services. Brooks stresses the need to balance banks’ ability to service their clients’ digital asset needs and to maintain current levels of government regulation and oversight. This balance, Brooks believes, will imminently involve crypto banks. Read Full on forbes.

- Goldman Expects Digital Yuan Will Reach 1 Billion Users in 10 Years

According to Goldman Sachs, The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech companies. "In ten years we expect DC/EP to reach 1 billion addressable users, 1.6 trillion rmb ($229 billion) in issuance, 19 trillion rmb ($2.7 trillion) in annual Total Payment Value (TPV) and account for 15% of total consumption payments,” the report said. Read Full on CoinDesk.

- First Employer-Sponsored Bitcoin Retirement Plans Launched In US

U.S.-based asset manager, Digital Asset Investment Management (DAiM), has launched the country’s first employer-sponsored 401(k) retirement plans that offers several recommended model portfolios of varying risk to traditional assets and allocation of up to 10% to Bitcoin. The BTC will be held in cold storage by Gemini Trust, allowing DAiM to transfer Bitcoin to former-employees who have left participating companies. DAiM’s crypto-friendly plans are compliant with the Employee Retirement Income Security Act of 1974, and will be able to be offered by employers from 2021. Read Full on cointelegraph.

- Ethereum Breaks $500 for First Time Since 2018

Ethereum has been the talk of the town in recent months as the crypto community anticipates the release of Ethereum 2.0. But while we wait for this upgrade, Ethereum's price has kept rising. The price of Ethereum has risen above the $500 barrier for the first time since 2018. The last time the cryptocurrency was above $500 was July 2018. This recent price increase adds to solid growth over the year with Ethereum's price having risen from $130 to $500 a 284% gain on the year so far. Read Full on Decrypt.

- OKEx Crypto Exchange To Reopen Bitcoin Withdrawals

Crypto exchange OKEx has announced it will resume withdrawals from November 27, 2020, following a temporary suspension that began on October 16. The temporary absence of withdrawals was a major talking point for the Chinese crypto community, but now, the major exchange is set to resume normal business practices. As OKEx reopens for withdrawals, the exchange is also hoping to apologize for the inconvenience caused through user loyalty reward campaigns to express deep apologies and most sincere gratitude to our community. Read Full on Decrypt.

Crypto News Cast For November 10th 2020 ?

Crypto News Cast 📮 10-11-2020

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $440 B
📊24h Mcap %:        0.40%
⚠️Bitcoin Dom:        64.10%
📌Active Coins:       4,579
📍24h Vol %:           -9.86%
💲24h Vol:                $102 B

Crypto News Updates :

• Mike Novogratz Won BTC In Election Bet, Giving Away It To New Bitcoiners
  
• Worlds Greatest Money Manager Stan Druckenmiller Says He Is Long Bitcoin
  
• US Fed Economists Are Exploring The “Intrinsic” Value Drivers Of CBDCs
  
• Top Reasons To Be Bullish On Ethereum 2.0 Staking
  
• Ethereum Addresses With 32 ETH Hits All Time High Before The ETH 2.0 Launch
  
• Bitcoin’s Hash Power Increases 42% In Two Days
  
• This Year’s Champions League Winners Are Now Tokens on Ethereum
  
• Wall Street Has Started Embracing Bitcoin Says Millionaire Philanthropist

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- Mike Novogratz Won BTC In Election Bet, Giving Away It To New Bitcoiners

Billionaire investor and Galaxy Digital founder Mike Novogratz gave away half a bitcoin that he won in an election bet. Novogratz said that he would give away the BTC which he won from one user who goes by the Twitter handle Stoney Bitson. Twitter user ‘Adelgary’ won the lottery by correctly guessing the number “826.” However, since Novogratz mentioned in his tweet that the BTC amount would go out to new Bitcoin users, other participants pointing out that the winner already owns Bitcoin. Read Full on Twitter.

- Worlds Greatest Money Manager Stan Druckenmiller Says He Is Long Bitcoin

Hedge fund manager Stanley Druckenmiller is betting on bitcoin, according to new comments made on CNBC. "Bitcoin could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money," said Druckenmiller. "I own many more times gold than I own bitcoin, but frankly, if the gold bet works, the bitcoin bet will probably work better because it's thinner and more illiquid and has a lot more beta to it," he said. Read Full on Twitter.

- US Fed Economists Are Exploring The “Intrinsic” Value Drivers Of CBDCs

Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic" value drivers of a digital dollar. In a report titled "Central Bank Digital Currency: A Literature Review," Fed economists compile research exploring the potential impact of a digital dollar on commercial banking and monetary policy. The review provides a theoretical underpinning for understanding how CBDCs could influence consumer adoption and financial stability. Read Full on cointelegraph.

- Top Reasons To Be Bullish On Ethereum 2.0 Staking

Participation in Ethereum 2.0 staking has a number of impressive economic and technological catalysts. 1. Ethereum 2.0 offers very high approximate annual staking rewards. 2. Prior to the launch of Ethereum 2.0, a FOMO run may push the Ether price through the roof. 3. Unique opportunity to join staking of a project with a five-year-long history, a passionate community and a stellar reputation. 4. Intuitive depositing process via Launchpad. 5. "Forgiving" rules for validators (e.g., low uptime requirements). Read Full on U.Today.

- Ethereum Addresses With 32 ETH Hits All Time High Before The ETH 2.0 Launch

According to data from Glassnode, the number of addresses holding at least 32 Ethereum recently surpassed 125,540, an all-time high. The deposit contract for Ethereum’s long-awaited 2.0 upgrade was released last Wednesday. For many retail investors, the steps involved in staking make it a challenging process to navigate. While exchanges and staking pool services such as RocketPool will soon help users earn rewards even if they hold fewer than 32 ETH, the deposit contract’s uptake is yet to reflect this. Read Full on Crypto Briefing.

- Bitcoin’s Hash Power Increases 42% In Two Days

It appears many Chinese miners have completed their annual migration from Sichuan, with Bitcoin’s hash rate spiking more than 40% in two days. According to Coinwarz, Bitcoin's hash rate currently sits at 157.5 exahashes per second (EX/s) after briefly pushing above 160 EH/s. The spike follows a sharp decline in hash power in late October, which many analysts attributed to the end of the rainy season in the Chinese mining hub of Sichuan. Read Full on cointelegraph.

- This Year’s Champions League Winners Are Now Tokens on Ethereum

Crypto fantasy soccer game Sorare has added Reigning Champions League and Bundesliga champion FC Bayern Munich. Sorare players can buy and sell NFT-based digital cards of the team’s players. Sorare has 100+ licensed teams and reported $1M+ in October sales volume. Starting today, Sorare players can buy and sell digital cards based on top FC Bayern Munich players like Manuel Neuer and Thomas Müller as well as use them in their in-game lineups. Read Full on Decrypt.

- Wall Street Has Started Embracing Bitcoin Says Millionaire Philanthropist

 Detroit millionaire Bill Pulte has taken notice of Bitcoin’s increasing institutional adoption, claiming that Wall Street has started to pick up its wisdom. Pulte — who’s mainly known for his Twitter philanthropy — also teased another cryptocurrency giveaway: “Wall Street has started to pick up the wisdom of Bitcoin. Better late than never. The future is bright, and we will be starting Christmas early this year.” He is committed to promoting Bitcoin adoption because he believes that it could help the unbanked. Read Full on Twitter.

Ethereum co-founder Vitalik Buterin sends his first ETH for staking

This is an exciting time for Ethereum, as the launch of ETH 2.0 is finally coming. In fact, Phase 0 of the upgrade has already commenced, and the project just launched its deposit contract this Wednesday.

Now, everyone is preparing their ETH coins for the upcoming staking, and even the project’s co-founder, Vitalik Buterin, sent some of his coins for the purpose of staking.

Ethereum’s Vitalik Buterin sends 3200 ETH for staking

According to a report by TrustedNodes, Buterin used his VB2 wallet to send a total of 3,200 ETH in 100 transactions, each of which carried only 32 ETH. Based on ETH’s price at the time transactions were made, the total worth of the amount is around $1.4 million.

Of course, the funds were sent to the new deposit contract, which was launched so that network participants could move their funds from the old PoW blockchain to the new PoS which is about to arrive.

Since the contract’s launch, public ETH participants could only send a minimum of 32 ETH, which is required for staking on the upgraded version of the blockchain.

By now, users have already deposited around 38,693 ETH, with the total worth of the deposited money being around 17 million.

Highly-anticipated Ethereum staking is coming

With the popularity of staking seeing a huge rise recently, it is no surprise that so many users are rushing after the opportunity to engage the new service.

It revolves around allowing users to lock up and commit their funds for a certain period of time. In exchange for doing so, users are granted rewards.

There is no actual mining involved, as PoS networks already have all of their coins mined. Ethereum is about to become such a network, as well. For the time being, however, it is still minable, just like Bitcoin.

As for Ethereum 2.0, it was supposed to launch early in 2020, although it was delayed. The next launch date is not yet established, although many expect that it will take place in early December.

The post Ethereum co-founder Vitalik Buterin sends his first ETH for staking appeared first on Invezz.

from Cryptocurrency – Invezz

Ethereum (ETH) price bursts higher to mark new 2-month high

Ethereum (ETH) price has soared a further 6% today to quickly close the gap between two resistance lines of $415 and $445. 

Fundamental analysis: Ethereum 2.0 will launch on December 1 

The entire cryptocurrency market is screaming higher after the dollar faced a strong selling pressure on a likely Joe Biden win in the U.S. elections. More stimulus will likely come soon once Biden is sworn in which will weaken the greenback in relation to other currencies. 

Elsewhere, Ethereum Foundation said the long-anticipated network upgrade Ethereum 2.0 is set to launch on December 1, a change from its initial plan according to which the upgrade was expected to roll out on January 3, 2021, the platform said in its official blog post.

After the upgrade, Ethereum blockchain will change its operating model from a Proof-of-Work (PoW) model to Proof-of-Stake (PoS), thus linking their cryptocurrency to the network as collateral.

In order for the upgrade to come into effect, 16,384 validators will have to stake at least 32 ether, which amounts to around $12,800 at the time of writing.

The first phase of the rollout of the upgrade is the launch of the Beacon Chain, which will facilitate the transition which is classified as the Ethereum 2.0 genesis event.

“We’ve hardened Ethereum 2.0 as much as we can with simulated test environments, formal verifications and audits,” said Joe Lubin, Ethereum co-founder and Chief Executive.

“We are incredibly excited to see the community galvanize around the first phase of Eth2, now with real value at stake.”

As already noted, the most important aspect of this upgrade is the switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS), which will help maintain the blockchain more efficiently.  

Apart from that change, the second most significant upgrade is the inclusion of sharding to the Ethereum network which is expected to come out in a later phase. Sharding means that only a fraction of nodes is needed to authorize a transaction, thus improving the network’s flow rate. 

The 2.0 upgrade will be launched over several phases in the coming months and the rollout of the Beacon chain represents the very first phase.

Technical analysis: A new 2-month high

Ethereum (ETH) price is up about 6% today to print a fresh 2-month high at $447.50. The buyers were able to quickly close the gap between the prior resistance line at $415 and $445 given a strong momentum that the crypto market finds itself in. 

Ethereum (ETH) price daily chart (TradingView)

In the last month’s analysis, I predicted that ETH buyers are likely to push towards $415 and $446 in November given the recent bullish momentum. From here, any dip to $420 is seen as an opportunity to get on the long side with the next target set at $490 in case $445 gives way.

Summary

Ethereum (ETH) price is ramping to tag a new 2-month high. Elsewhere, Ethereum 2.0 upgrade is expected to go live on December 1, the Ethereum Foundation wrote in a blog post.

The post Ethereum (ETH) price bursts higher to mark new 2-month high appeared first on Invezz.

from Cryptocurrency – Invezz

Crypto News Cast For November 5th 2020 ?

Crypto News Cast 📮 05-11-2020

News Source

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $430 B
📊24h Mcap %:        30.69%
⚠️Bitcoin Dom:        65.40%
📌Active Coins:       4,531
📍24h Vol %:            35.58%
💲24h Vol:                $124 B

Crypto News Updates :

• Bitcoin On The Move Hits New 2020 High
  
• AP News Agency Publishes US Presidential Election Results On Blockchain
  
• Ethereum 2.0 Is Set To Be Launched On December 1
  
• Bitcoin Sets A Record For Staying Above $10,000 For 100 Days
  
• Bitcoiner Cynthia Lummis Will Serve As Wyoming's New Senator
  
• Bitcoin Addresses Holding At Least 1 Bitcoin Hits New Record
  
• Russian Energy Giant En+ Sets Up Bitcoin Mining Farm
  
• Large Open Interest Holders Of CME Bitcoin Futures Hit An All-Time High
• Bitcoin's Massive Bull Run Takes Bitcoin Above $15,000
  
• Nearly $1B in Bitcoin Linked To Silk Road Are On The Move
  
• Binance Launches BNB Vault To Allow User Gain Interest On BNB Holdings
  

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• BitMEX: https://bit.ly/2M74PX9
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• FTXexchange: https://bit.ly/2SGhEL5
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- Bitcoin On The Move Hits New 2020 Highs

The price of world's oldest and most valuable cryptocurrency shot above $14,200 for the first time in 2020, bringing the bitcoin to a new high for the year as uncertainty remains in the U.S. presidential election. Market data from TradingView indicates that major markets reached highs in the $14,260-$14,270 range. Coinbase, for example, saw a spike to $14,273.60 — at time of writing, BTC is trading hands on the U.S.-based exchange at around $14,170. All told, bitcoin's price is up about 3% on the day. Read Full on theblockcrypto.

- AP News Agency Publishes US Presidential Election Results On Blockchain

The Associated Press news agency has been publishing incoming results from the Nov. 3 U.S. presidential election onto blockchain. As noted on the developer webpage detailing how to access its AP Elections API, results are being immutably written to blockchain by Everipedia’s OraQle software. While the results are naturally also being published on the AP website, using the blockchain-based Everipedia provides an unhackable and permanent record of the calls for each state as they come in. AP has also released the Ethereum smart contract address, allowing readers to use block explorers such as Etherscan to follow results as they come in. Read Full on cointelegraph.

- Ethereum 2.0 Is Set To Be Launched On December 1

Ethereum 2.0 Phase 0 has now been formalized for launch at some time around Dec. 1. The deposit contract is live and can collect the necessary funds to trigger staking. Prospective stakers will now be able to deposit their 32 Ether (ETH) deposits to the contract via the dedicated launchpad and get ready for the launch. The contract must collect 16384 deposits of 32 ETH each, a total of 524,288 ETH or about $200 million, to proceed with the launch. The required sum must be collected at least seven days before the expected launch date of Dec. 1. If it is not, the launch is delayed to seven days after the threshold is reached. Read Full on cointelegraph.

- Bitcoin Sets A Record For Staying Above $10,000 For 100 Days

Bitcoin has recently achieved the record of staying above $10,000 for 100 days. Bitcoin first broke above the $10,000 level on July 26. Since then, it has been holding above that mark and rising. Interest from financial institutions has been on the rise lately and is believed to be the major catalyst of the Bitcoin growth, as well as its record of holding above the $10,000 level for over three months. Twice recently, since early 2018, Bitcoin has broken above the $14,000 resistance. This occurred on Oct. 31 and Nov. 3: on Halloween and on the 12th anniversary of the Bitcoin white paper release. Read Full on U.Today

- Bitcoiner Cynthia Lummis Will Serve As Wyoming's New Senator

Cynthia Lummis, who believes BTC’s limited supply makes it an attractive store of value, will be Wyoming’s new Senator. Republican candidate Cynthia Lummis, endorsed by President Donald Trump, has won the US Senate race in Wyoming. She will become the first woman to serve as US Senator in Wyoming’s history and one of the first Bitcoin proponents in Senate as she purchased BTC back in 2013. During the third annual Wyoming Blockchain Stampede She outlined Bitcoin’s limited supply as its most distinguished merit. “Knowing that there are only going to be 21 million bitcoins makes it an attractive store of value”. Read Full on Decrypt.

- Bitcoin Addresses Holding At Least 1 Bitcoin Hits New Record

The number of Bitcoin addresses holding at least one Bitcoin has reached an all-time high, according to data from metrics and analytics site Glassnode. As of today, there are 824,193 Bitcoin addresses holding at least one Bitcoin, the equivalent to $14,096. This surpasses the previous all-time high of 824,160, observed on September 17. The number of addresses holding at least one Bitcoin has been steadily climbing ever since Bitcoin’s inception in 2008. Read Full on Decrypt

- Russian Energy Giant En+ Sets Up Bitcoin Mining Farm

En+, one of the largest aluminium and power producers in the world, is venturing into crypto mining. En+ decided to enter the crypto space after some experimentation in the field, the firm’s chief financial officer, Mikhail Khardikov, told. Three years ago the company got mining firm BitRiver as a client, selling power to its farm in Bratsk. BitRiver owns the largest mining venue in Russia, hosting about 100 megawatt worth of clients’ ASICs on a farm near the Bratsk hydropower plant in Siberia. Read Full on CoinDesk.

- Large Open Interest Holders Of CME Bitcoin Futures Hit An All-Time High

As voters across the U.S. cast their ballots for their future president, CME Group's bitcoin futures market revved up, according to data shared with The Block. The market, which launched in 2017, saw overnight trading in the contract hit 6,700 (the equivalent of 33,500 bitcoin in value) 75% higher relative to the average figure for the year. Ahead of the election, the number of large reportable open interest holders institutional investors who hold an open position of at least five contracts increased to 102, a 20% increase over October. Read Full on The Block.

- Bitcoin's Massive Bull Run Takes Bitcoin Above $15,000

The price of world's number one cryptocurrency Bitcoin has reached the $15,000 mark, a figure not seen since January 2018—shortly after Bitcoin's epic 2017 bull run. It has been a strong few weeks for Bitcoin's price. On September 8, Bitcoin was sitting around the $10,000 mark. Since then the coin has rocketed upwards, smashing through multiple significant price targets and now reaching the $15,000 figure—up 50%. It has been a good year so far for Bitcoin's price. Since starting the year at $7,200, the cryptocurrency is now up 108%. Read Full on Decrypt.

- Nearly $1B in Bitcoin Linked To Silk Road Are On The Move

A wallet possibly belonging to early darknet market Silk Road moved almost $1 billion-worth of bitcoin early on Wednesday, according to blockchain intelligence firm Elliptic. Bitcoin address "1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx" transferred 69,369 BTC to an unknown wallet. These funds likely originated from the Silk Road," Tom Robinson, co-founder of Elliptic noted in a LinkedIn post, adding that the coins may have been moved by imprisoned Silk Road operator Ross Ulbricht or a Silk Road vendor. Read Full on CoinDesk.

- Binance Launches BNB Vault To Allow User Gain Interest On BNB Holdings

Binance crypto exchange has expanded the Binance Earn product suite with a new feature called ‘BNB Vault.’ According to the announcement, BNB Vault will combine several Binance products to offer an annual yield of between 5%-10%. Basically, Binance users will leverage the earning potential in DeFi staking, Launchpool projects, and savings amongst other financial products within one click. This new feature by Binance will allow BNB users to stake their tokens seamlessly and, in exchange, earn an interest, which will be calculated and paid out daily. Read Full on BitcoinExchangeGuide.

Ethereum fans more hyped about ETH 2.0 than the elections

The long-awaited Ethereum 2.0 upgrade is finally approaching, starting with the launch of its Phase 0. While the US — and even the rest of the world — keeps a close eye on the US elections, Ethereum’s pending upgrade has completely overshadowed them within the project’s community.

ETH community lost interest in the US presidential elections

The US is at a turning point, as the presidential elections would decide the way in which the country would move during the next four years. Naturally, with the US being one of the most influential countries in the world, this is a rather important development.

However, fears of the election have almost completely dissipated within the Ethereum community, which seems to care more about the Ethereum 2.0 arrival.

The project’s Ethereum Foundation recently released a tool for the creation of ETH 2.0’s deposit contracts, which caused everyone in the community to move to exchanges, and try to get in on the action.

Ethereum takes the stage

Buy orders have suddenly skyrocketed by 7% within hours, and many believe it to be the start of a new uptrend. Head of investments at dtc.capital, Spencer Noon, noted that Phase 0 was among the biggest and most challenging moves regarding the deployment of Ethereum 2.0.

For the people downplaying #Eth2 Phase 0 launch: YOU. ARE. BUGGING. This isn't the same as launching a new network no one uses. This is a $45B network securing billions of $ in assets. It's like launching a rocket. Every milestone is enormously hard. The first one is the hardest.

— Spencer Noon (@spencernoon) November 4, 2020

But, despite the difficulties, this milestone has finally sent ETH towards the launch of Ethereum 2.0, and the project is one major step closer to its genesis block.

Unsurprisingly, Ethereum’s price did not take long to react, as well. Massive demand and positive development pushed the price from $380 to $409, before a slight correction that took it down to $404 at the time of writing.

Even so, the buy orders are still growing, and some predictions say that Ethereum could easily head to $480 in the near future, or perhaps even higher, since there are no major supply barriers that would stand in Ethereum’s way towards a higher price.

The post Ethereum fans more hyped about ETH 2.0 than the elections appeared first on Invezz.

from Cryptocurrency – Invezz

Ethereum developers are closing in on ETH 2

A lot of Ethereum network’s fans and users were quite excited about the launch of Ethereum 2.0 in early 2020. Unfortunately, as everyone knows now, the launch never arrived. The developers had to postpone it yet again, which caused quite a bit of disappointment.

However, as the year comes to a close, it would seem that the delay was worth it, and that developers are finally getting quite close to the actual launch.

Ethereum 2.0 launch is approaching

This was revealed in the latest blog post published by Ben Edgington, a developer from ConsenSys. Edgington suggests that Ethereum 2.0’s Phase 0 is on its way, and that the first part of the event will be the deployment of the deposit contract.

No tricks, but plenty of treats: your latest bumper edition of What's New in #Eth2 is out!

Get all the #Ethereum 2.0 news at the usual place, https://t.co/97X85jdCzM

Find out if I'm foolish enough to predict the date of the deposit contract deployment 😆

— Ben Edgington ⟠ benjaminion.eth (@benjaminion_xyz) October 31, 2020

The deployment also saw a slight delay already, although developers had a good reason behind the decision. From what is known, they wanted to wait for a performance audit and blst — a security-focused signature library — to arrive first.

According to Edgington, the results will be seen at some point this week. However, there are still some improvements to be made.

Problems and solutions

Another thing that needs mentioning is that the project’s Medalla Beacon Chain testnet will soon be reinitialized. The move will come after a major, three-week-long hiatus caused by the inactivity of the validators.

As some may know, the network requires two-thirds of its validators to be online. Unfortunately, the network recently saw a drop to only 50% of them performing as required.

The solution was found, and in order to achieve the necessary number of validators, the inactive ones are being booted from the pool. The project plans to clean up, and make way for those who wish to actually participate.

Around 3,890 of them are waiting to exit, but fortunately, 9,426 are waiting for their chance to enter. Edgington noted that this problem comes due to the fact that the testnet is unincentivized. Basically, there is no cost to leaving.

One positive thing here is that this additional period gave client developers extra time to resolve technical problems regarding their software.

The post Ethereum developers are closing in on ETH 2 appeared first on Invezz.

from Cryptocurrency – Invezz

Crypto News Cast For November 2nd 2020 ?

Crypto News Cast 📮 02-11-2020

News Source

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $391 B
📊24h Mcap %:       -5.48%
⚠️Bitcoin Dom:        63.30%
📌Active Coins:       4,503
📍24h Vol %:            16.85%
💲24h Vol:                $87 B

Crypto News Updates :

• Wyoming Leading With Crypto Friendly Initiatives
  
• Children Got Bitcoins to Participate in "Trick-or-Sats" on Halloween
  
• Australian Central Bank Researching CBDC Using Distributed Ledger Technology
  
• Ethereum Addresses Holding Atleast 32 ETH Hits New ATH
  
• KPMG Partners With Coin Metrics To Boost Institutional Adoption
  
• European Central Bank Invites Public Comments On Digital Euro
  

Register at the best leverage exchanges

• ByBit: https://bit.ly/36JuDQZ
• BitMEX: https://bit.ly/2M74PX9
• Binance: https://bit.ly/34urfrJ
• Gemini: https://bit.ly/2IiqQDp
• FTXexchange: https://bit.ly/2SGhEL5
• Bittrex: https://bittrex.com/Account/Register?referralCode=FIV-UX0-TAQ
• BraveBrowser: https://brave.com/nnr477

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Buy Products and Gift Cards With Bitcoin and Cryptocurrencies: http://bit.ly/2sFJvSf

- Wyoming Leading With Crypto Friendly Initiatives

Wyoming Division of Banking issued a “no-action” letter to Two Ocean Trust, a Wyoming-chartered trust company that provides wealth management services to high-net-worth individuals, family offices and advisers. This authorizes it to custody crypto and traditional assets under Wyoming law. The other main news of the week was the approval by the Wyoming State Banking Board of a Special Purpose Depositary Institution (SPDI) charter for Avanti Financial, making it the second company to become, effectively, a “crypto bank.” Read Full on CoinDesk.

- Children Got Bitcoins to Participate in "Trick-or-Sats" on Halloween

While many children dressed as ghosts, goblins, and witches last night, a lucky few received Bitcoin treat. Brad Mills, the crypto user filled a Halloween candy box with more than just chocolates and sweets — he also added $200 in Bitcoin (BTC) cards. Mills’ family later gave a few more BTC cards to a visiting group of girls who had heard about the crypto giveaway. “This feels historic,” said crypto statistician Willy Woo. “When these kids come into power there'll only be 0.002 BTC per person to go around.” Read Full on Twitter.

- Australian Central Bank Researching CBDC Using Distributed Ledger Technology

The Australian central bank announced Monday it’s partnering with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software to explore the possible use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology (DLT). The Reserve Bank of Australia (RBA) said the project will involve the development of a proof-of-concept (POC) for the issuance of a tokenized form of CBDC for use by wholesale market participants for the funding, settlement and repayment of a tokenized syndicated loan on an ethereum-based DLT platform. The project is expected to be completed around the end of 2020. Read Full on CoinDesk.

- Ethereum Addresses Holding Atleast 32 ETH Hits New ATH

The number of Ethereum addresses holding 32 ETH or more has just hit a new all-time high of 125,540. In a recent ETH2.0 update, ConsenSys developer Ben Edington explained that the deposit contract for staking Ethereum on ETH2.0 should be released soon. Additionally, Ethereum’s beacon chain genesis will happen within the next six to eight weeks. This very much explains the accumulation of the 32 ETH needed to stake on the anticipated Proof of Stake mechanism governing ETH2.0. Read Full on ethereumworldnews.

- KPMG Partners With Coin Metrics To Boost Institutional Adoption

KPMG, one of the “Big Four” accounting firms along with Deloitte, EY, and PwC, has announced a “strategic alliance” with crypto market data firm Coin Metrics. The company sees the partnership as a way to “support growth in institutional adoption of cryptoassets and public blockchains.” The announcement comes at a time when financial institutions' need for accounting and auditing services is growing, as evidenced by PayPal's announcement that it would soon allow users to buy and sell cryptocurrency. Read Full on Bitcoin News.

- European Central Bank Invites Public Comments On Digital Euro

In a Twitter thread on Sunday, Christine Lagarde, former Managing Director of the IMF and current President of the European Central Bank, invited public commentary on a potential eurozone central bank digital currency (CBDC). The comments on a possible CBDC were part of a larger series of reflections on what Lagarde described as a difficult year. Lagarde wrote, as Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. The Tweet also linked to a survey form where the chief banker invited Europeans to share their thoughts of digital euro. Read Full on cointelegraph.