🇸🇻 El Salvador has bought 100 BTC into the state treasury.
The president of the country, Nayib Bukele, is overly happy with the current "Bitcoin discounts".
The president of the country, Nayib Bukele, is overly happy with the current "Bitcoin discounts".
Buyers are defending the $50k level
Bitcoin now looks attractive for buying, as buyers defend the support level, which is located around $50 thousand.
At the level of $50 ths, the asset will stay for a few more weeks, during which time the cryptocurrency will need to accumulate volumes for a further move to $60 ths.
Bitcoin now looks attractive for buying, as buyers defend the support level, which is located around $50 thousand.
At the level of $50 ths, the asset will stay for a few more weeks, during which time the cryptocurrency will need to accumulate volumes for a further move to $60 ths.
Omicron token rises 10 times in price after new COVID-19 strain emerges
On November 29, the altcoin updated its historical high at $689. Its price went up almost 1000% in four days
The Omicron token price (OMIC) has increased almost 10 times in the last four days. On Monday, November 29, the value of altcoin reached a new all-time high, rising above $689. The cryptocurrency began to skyrocket in price after the World Health Organization (WHO) reported a new strain of coronavirus from South Africa and named it "Omicron."
On November 29, the altcoin updated its historical high at $689. Its price went up almost 1000% in four days
The Omicron token price (OMIC) has increased almost 10 times in the last four days. On Monday, November 29, the value of altcoin reached a new all-time high, rising above $689. The cryptocurrency began to skyrocket in price after the World Health Organization (WHO) reported a new strain of coronavirus from South Africa and named it "Omicron."
🐶 Binance has solved all problems with Dogecoin
Back on November 10, as a result of a software upgrade failure, the exchange replayed an unknown number of Dogecoin transactions made several years ago — Binance demanded that the senders of the original transactions reimburse the damage at the current rate, blocked the balances of 1,634 users, and closed the ability to deposit and withdraw Dogecoin.
Some time later, Elon Musk appealed to CZ, claiming that Doge holders on Binance should be protected from errors that arise through no fault of their own.
As a result, now, the exchange said all problems with meme-cryptocurrency are solved, and deposits and withdrawals are functioning again.
Back on November 10, as a result of a software upgrade failure, the exchange replayed an unknown number of Dogecoin transactions made several years ago — Binance demanded that the senders of the original transactions reimburse the damage at the current rate, blocked the balances of 1,634 users, and closed the ability to deposit and withdraw Dogecoin.
Some time later, Elon Musk appealed to CZ, claiming that Doge holders on Binance should be protected from errors that arise through no fault of their own.
As a result, now, the exchange said all problems with meme-cryptocurrency are solved, and deposits and withdrawals are functioning again.
🐳 MicroStrategy has purchased an additional 7,002 bitcoins for $414.4 million in cash at an average price of $59,187 per bitcoin
As of 11/29/21 they have 121,044 bitcoins acquired for $3.57 billion at an average price of $29,534 per bitcoin.
As of 11/29/21 they have 121,044 bitcoins acquired for $3.57 billion at an average price of $29,534 per bitcoin.
Twitter
Michael Saylor⚡️
MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTR mi…
"The $50k level won't stop the decline." When bitcoin is to return to growth
The level of $50 thousand is not significant on its own, if the crypto market plunges into a deeper correction, the levels of $44 thousand and $29 thousand is to be of much greater importance. The bitcoin price limit for comfortable work of miners is much lower than $50k.
The main scenario in the coming weeks is the accumulation of volumes with the subsequent march to the renewal of the historical maximum
The level of $50 thousand is not significant on its own, if the crypto market plunges into a deeper correction, the levels of $44 thousand and $29 thousand is to be of much greater importance. The bitcoin price limit for comfortable work of miners is much lower than $50k.
The main scenario in the coming weeks is the accumulation of volumes with the subsequent march to the renewal of the historical maximum
🇺🇸 Chair of the Federal Reserve of the United States, Jerome Powell, announced an early end to the economic stimulus several months ahead of plan.
Stock markets reacted by falling, Bitcoin lost about $3000 in a short time, after which it met resistance from buyers and is now trading around $57,500.
Stock markets reacted by falling, Bitcoin lost about $3000 in a short time, after which it met resistance from buyers and is now trading around $57,500.
🇮🇩 Indonesia is considering launching a central bank digital currency (CBDC) as one measure to combat the spread of cryptocurrencies.
This news comes shortly after the Indonesian Ulema Council (MUI), Indonesia's leading Islamic scholarly body, reportedly found that cryptocurrencies such as bitcoin are haram or forbidden by Islamic principles.
This news comes shortly after the Indonesian Ulema Council (MUI), Indonesia's leading Islamic scholarly body, reportedly found that cryptocurrencies such as bitcoin are haram or forbidden by Islamic principles.
💸 Microstrategy has purchased 28% of all BTC that have been namain since their first purchase in August 2020.
Experts say that three companies with a similar approach would be enough to create a huge supply shortage in the market.
Experts say that three companies with a similar approach would be enough to create a huge supply shortage in the market.
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IntoTheBlock: almost 70% of Shiba Inu holders are in profit
More than 20% of holders of the "meme" token are currently holding unprofitable positions. By the end of November altcoin fell in price by 30%, while in October it went up by more than 1000%
On November 25, the number of Shiba Inu holders exceeded 1 million for the first time. November also saw several large transactions to purchase Shiba Inu tokens. On November 7, an unknown large cryptocurrency holder bought 20 trillion tokens worth about $1.15 billion. On November 17, a crypto investor bought $8.3 million worth of "meme" cryptocurrency. On November 22, an unknown person bought $36.8 million worth of Shiba Inu.
More than 20% of holders of the "meme" token are currently holding unprofitable positions. By the end of November altcoin fell in price by 30%, while in October it went up by more than 1000%
On November 25, the number of Shiba Inu holders exceeded 1 million for the first time. November also saw several large transactions to purchase Shiba Inu tokens. On November 7, an unknown large cryptocurrency holder bought 20 trillion tokens worth about $1.15 billion. On November 17, a crypto investor bought $8.3 million worth of "meme" cryptocurrency. On November 22, an unknown person bought $36.8 million worth of Shiba Inu.
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🗝 Badger DAO's DeFi-protocol was hacked, the estimated damage could exceed $100 million.
One user of the platform lost 896.85 BTC ($51 million).
The project team suspended all smart contracts to "prevent further withdrawals”.
UPD: The total loss was $120.3 million (2,100 BTC and 151 ETH).
One user of the platform lost 896.85 BTC ($51 million).
The project team suspended all smart contracts to "prevent further withdrawals”.
UPD: The total loss was $120.3 million (2,100 BTC and 151 ETH).
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🌎 Metaverses are a huge opportunity for the cryptoindustry
An analyst at Bank of America said Metaverses is to be a real growth driver for the crypto-industry, and also facilitate the mass adoption of digital assets as a payment instrument, since each virtual world is to have its own cryptocurrency and all platform users will use it.
However, Haim Israel added that stabelcoins are more likely to dominate, as they are not subject to volatility, unlike classic cryptocurrencies.
Earlier, Grayscale called the meta-universe industry a "$1 trillion opportunity."
An analyst at Bank of America said Metaverses is to be a real growth driver for the crypto-industry, and also facilitate the mass adoption of digital assets as a payment instrument, since each virtual world is to have its own cryptocurrency and all platform users will use it.
However, Haim Israel added that stabelcoins are more likely to dominate, as they are not subject to volatility, unlike classic cryptocurrencies.
Earlier, Grayscale called the meta-universe industry a "$1 trillion opportunity."
⛓ Payment giant Square is to change its name to Block
The move comes as Square is moving beyond its original credit card-reading business to focus on new technologies such as blockchain.
The move comes as Square is moving beyond its original credit card-reading business to focus on new technologies such as blockchain.
🩸 Bitcoin dropped to $42,000 this morning before recovering to around $47,000, the crypto market overall lost about 17%. What's interesting, not a single asset in the TOP-100 remained in profit — some altcoins lost 20%-30% over the day.
A possible troublemaker once again was Evergrande, which issued a report stating it could not meet its financial obligations and advised everyone to be as careful as possible with the company's securities.
In the meantime, Nayib Bukele has already, as is tradition, added 150 BTC to El Salvador's coffers.
A possible troublemaker once again was Evergrande, which issued a report stating it could not meet its financial obligations and advised everyone to be as careful as possible with the company's securities.
In the meantime, Nayib Bukele has already, as is tradition, added 150 BTC to El Salvador's coffers.
Twitter
Crypto Bulls Club
China's Guangdong summons Evergrande boss after debt repayment warning. Evergrande Chairperson issues notice, says extreme caution advised to the shareholders of the company and other investors.
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💬 Warren Buffett's partner admires China's cryptocurrency ban
Charles Munger, 97, said China made the right decision by banning cryptocurrencies. The Berkshire Hathaway VP believes the market conditions surpass the insanity of what was seen in the dot-com era — back then, ordinary companies used web technology, right and wrong, to attract entrepreneurs willing to invest in the booming industry.
"I wish they'd never been invented. I admire the Chinese, I think they made the correct decision, which was to simply ban them. In my country, English-speaking civilization has made the wrong decision".
Earlier, Munger called cryptocurrencies a financial asset invented out of thin air.
Charles Munger, 97, said China made the right decision by banning cryptocurrencies. The Berkshire Hathaway VP believes the market conditions surpass the insanity of what was seen in the dot-com era — back then, ordinary companies used web technology, right and wrong, to attract entrepreneurs willing to invest in the booming industry.
"I wish they'd never been invented. I admire the Chinese, I think they made the correct decision, which was to simply ban them. In my country, English-speaking civilization has made the wrong decision".
Earlier, Munger called cryptocurrencies a financial asset invented out of thin air.
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💸 The dollar is the world's currency, Bitcoin is the global reserve asset
MicroStrategy CEO Michael Saylor said Bitcoin is more of a global reserve asset, whereas the U.S. dollar is a global currency, which is the main difference between the two:
"You don’t want to pay for your coffee with your bitcoin, you want to pay for your coffee with a currency".
Saylor also added that classifying BTC as an asset makes his life easier in terms of regulation, since all current laws and regulations limit the use of cryptocurrency as currency, but not property. Therefore, acknowledging these facts, it's quite easy to see a pretty bright future for the industry.
MicroStrategy CEO Michael Saylor said Bitcoin is more of a global reserve asset, whereas the U.S. dollar is a global currency, which is the main difference between the two:
"You don’t want to pay for your coffee with your bitcoin, you want to pay for your coffee with a currency".
Saylor also added that classifying BTC as an asset makes his life easier in terms of regulation, since all current laws and regulations limit the use of cryptocurrency as currency, but not property. Therefore, acknowledging these facts, it's quite easy to see a pretty bright future for the industry.
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Consumer lost more than $50 million due to Badger DAO's DeFi hack
The developers of the protocol suspended all smart contracts and launched an investigation into the hacking attack.
A user of Badger DAO's DeFi-protocol suffered more than $50 million (nearly 897 BTC) in a hacking attack, according to analytical service PeckShield. Estimates of analysts indicate that the total amount of damage from the hack exceeds $120 million.
After the news of the Badger DAO hack, the price of the protocol token (BADGER) collapsed by more than 16%.
The developers of the protocol suspended all smart contracts and launched an investigation into the hacking attack.
A user of Badger DAO's DeFi-protocol suffered more than $50 million (nearly 897 BTC) in a hacking attack, according to analytical service PeckShield. Estimates of analysts indicate that the total amount of damage from the hack exceeds $120 million.
After the news of the Badger DAO hack, the price of the protocol token (BADGER) collapsed by more than 16%.
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"Expectations are positive." What to happen to bitcoin after the collapse to $42 thousand.
In the spring of this year, after reaching $64,000, the price of bitcoin began to decline and fell by almost 45% within a month. At the end of July, the value of the cryptocurrency is to actively recover, and after a few months, it set a new high.
Globally, nothing has changed, long-term expectations of major investors are still extremely optimistic. Many, on the contrary, use the current correction as a reason to increase their position in the portfolio
If in the nearest future there won't be a serious break in the market, by the end of the year bitcoin price may fall to $36-37 thousand (23% fall from the current levels). A deep correction is likely to keep up to 50% of bitcoin's last high (up to $33k). After that, the asset needs time to accumulate volumes, so it will be trading at this level for some time
Looking ahead a few years, expectations are more positive
In the spring of this year, after reaching $64,000, the price of bitcoin began to decline and fell by almost 45% within a month. At the end of July, the value of the cryptocurrency is to actively recover, and after a few months, it set a new high.
Globally, nothing has changed, long-term expectations of major investors are still extremely optimistic. Many, on the contrary, use the current correction as a reason to increase their position in the portfolio
If in the nearest future there won't be a serious break in the market, by the end of the year bitcoin price may fall to $36-37 thousand (23% fall from the current levels). A deep correction is likely to keep up to 50% of bitcoin's last high (up to $33k). After that, the asset needs time to accumulate volumes, so it will be trading at this level for some time
Looking ahead a few years, expectations are more positive
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